South Korean Finance Regulators to Investigate Upbit’s Monopoly: Report

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Financial Services Commission Chairman Kim Byung-hwan said he would “look into it” regarding the market domination of the country’s leading crypto exchange Upbit.

He then raised an issue about Upbit taking up a significant portion of K Bank’s deposits, which is set to undergo an initial public offering soon. “The influence between Upbit and K-Bank violates the principle of separating finance from industry,” he added.

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