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Futures
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HOT
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New
Trade on-chain assets and enjoy airdrop rewards!
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New
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Simple Earn
Earn interests with idle tokens
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Auto-invest on a regular basis
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Earn rewards with flexible staking
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0 Fees
Pledge one crypto to borrow another
Lending Center
One-Stop Lending Hub
VIP Wealth Hub
New
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
New
Use USDT/USDC to mint GUSD for treasury-level yields
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- 🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
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🥇 1st Prize (1 winners): 40 PI - 🚀 Gate Square Creator Certification Incentive Program Is Live!
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South Korean lawmakers call for hefty fines against Upbit
According to a report by Golden Finance, South Korean Democratic Party member Min Byeong-deok stated on the 17th that the virtual asset exchange Upbit should be fined a maximum of 183 trillion won for large-scale violations of customer identification systems (KYC) and other regulations. The Financial Intelligence Unit (FIU) found approximately 9.57 million legal violations by Upbit, including 9.34 million KYC violations, particularly the continued use of old images when re-verifying identity was required. Although the FIU has imposed a 3-month partial business suspension on Upbit and disciplinary actions against 10 personnel, the amount of the fine has not yet been decided. Member Min criticized this as a reflection of insufficient internal control within the exchange and negligence by regulatory agencies.