The Financial Services Commission has cleared UPbit of all fraudulent accusations claiming the exchange was insolvent this past May.
The Financial Services Commission (FSC) has finally cleared UPbit of accusations claiming the crypto exchange was insolvent. Audit reports from Yoojin, a large South Korean accounting firm, and Dunamoo, a subsidiary of Kakao, complement each other’s findings that UPbit is storing its bitcoin and cryptocurrency balance sheet in its entirety.
The two-month-long process and its results should provide yet another boost to UPbit which has only recently taken over Bithumb for a leading market cap.
Read full news here :
http://cryptozapper.com/south-koreas-la ... ns-by-fsc/
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