Upbit to Suspend Digital Asset Deposits and Withdrawals of 1 Million Korean Won and Above with BitMEX

BlockBeats news, October 16: Upbit official announcement states that due to BitMEX terminating its integration with the Travel Rule solution VerifyVASP, Upbit has suspended digital asset deposits and withdrawals of 1 million KRW and above with BitMEX starting October 16, while deposits below 1 million KRW are still supported as usual. Manual deposits from BitMEX to Upbit of 1 million KRW and above will cease from 14:00 on December 18, and similar assets credited thereafter will enter a return process, requiring users to retrieve them according to the return procedure.