{"id":139309,"date":"2024-10-10T19:00:44","date_gmt":"2024-10-10T16:00:44","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139309"},"modified":"2024-10-10T16:10:14","modified_gmt":"2024-10-10T13:10:14","slug":"upbit-faces-monopoly-investigation-in-south-korea","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/upbit-faces-monopoly-investigation-in-south-korea\/","title":{"rendered":"Upbit Faces Monopoly Investigation in South Korea"},"content":{"rendered":"

Financial Services Commission head Kim Byung-hwan announced the probe<\/a><\/strong> during a National Assembly session, following remarks from lawmaker Lee Kang-il about Upbit’s significant deposits at K Bank, which make up 20% of the bank’s total.<\/p>\n

This scrutiny comes as K Bank prepares for a major IPO, raising questions about its reliance on Upbit for deposits and the reasonableness of offering high interest rates given its low profit margins.<\/p>\n

The commission will examine these issues more closely through its Virtual Asset Committee.<\/p>\n