Crypto exchanges that don't register by Sept. 24 face being shut down in South Korea.
The blockchain research arm of Upbit's operator has launched its VerifyVASP in Singapore, a solution for combating crypto money laundering.
Exchanges have to set up partnerships with banks for real-name verification by Sept. 24.
At present, there are no restrictions on exchange executives and other employees to trade cryptocurrency on their platforms.
The Upbit operator plans to set up a unit to help prevent fraud and assist victims of crypto crime, among other things.
The tool is aimed at helpi traders make better decisions based on market sentiment.
The South Korea-based exchange has announced a 24-hour cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks.
Binance managed to see an alert and freeze the stolen funds in little more than half an hour.
Upbit said users will need to create new wallet addresses to resume trading.
Dunamu, the operator of Upbit, is releasing a new app this month for trading unlisted securities with a plan to add in blockchain next year.
The "klay" cryptocurrency from messaging app giant Kakao is to make its first official exchange listing on Upbit later this month.
South Korean firm Dunamu, operator of cryptocurrency exchange Upbit, says it invested $46 million in 26 blockchain startups over the last year.
Three executives of UPbit, one of South Korea’s largest cryptocurrency exchanges, have been formally charged by the country’s prosecutors.
Prosecutors in South Korea have raided the largest cryptocurrency exchange in the country, UPbit, over suspected fraud, according to a report.
South Korean fintech firm Dunamu has launched open beta services for its new cryptocurrency exchange platform Upbit.