South Korean prosecutors appeal cancellation of Hanbitco's ₩2B fine

South Korean prosecutors have appealed a court's decision to cancel a 2 billion won fine against crypto exchange Hanbitco, Digital Asset reported exclusively. The penalty was originally imposed by South Korea’s Financial Intelligence Unit (FIU) for violations of the country's financial transaction reporting act. The outlet noted that the outcome of Hanbitco's case is being closely watched, as Dunamu, the operator of Upbit, is also in a legal battle after challenging a 35.2 billion won fine from the FIU in February for similar violations.