Upbit To Suspend Deposit and Withdrawal of Crypto Exceeding 1 Million Won

Upbit, South Korea’s largest crypto exchange and one of the top 10 crypto exchanges globally, on Wednesday said it will suspend deposits and withdrawals of digital assets of 1 million won (approx $721). The move comes in response to changes to the virtual asset service provider (VASP) Ten&Ten, one among the providers of deposits and withdrawals of 1 million won or more.