Coinone hit with $3.5 million fine, three-month partial suspension over AML violations: reports
By Brian Danga
Crypto exchange Coinone has been fined $3.5 million and imposed a three-month partial suspension by South Korean regulators for AML violations. The penalties stem from reports of non-compliance with anti-money laundering requirements. This development underscores the increasing regulatory pressure on crypto platforms in the region.
Not financial advice. Do your own research before making investment decisions.