Gate News message, April 28 — Coinone, a South Korean cryptocurrency exchange, has filed a lawsuit against the Financial Intelligence Unit (FIU) and requested Seoul Administrative Court to halt enforcement of sanctions before they take effect. The core restriction prohibits new users from depositing and withdrawing crypto assets to and from external exchanges.
The FIU previously imposed three-month partial business suspension and a 5.2 billion Korean won fine on Coinone for violating the Specific Financial Information Act.
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