According to edaily, the Korea Financial Intelligence Unit (FIU) has determined that Coinone violated anti-money laundering obligations, deciding to impose a three-month partial business suspension and a fine of approximately 5.2 billion won. The FIU stated that Coinone had supported over 10,000 transfer transactions with 16 unregistered overseas virtual asset service providers, and there were about 40,000 cases of customer identity verification violations and approximately 30,000 cases of transaction restriction violations. Coinone announced that it will promote rectification efforts and is considering whether to file a lawsuit.