Upbit, Bithumb face sanctions probe over order book sharing

South Korea's Personal Information Protection Commission is considering sanctions against crypto exchanges Upbit and Bithumb after completing on-site inspections into their practice of sharing order books with overseas exchanges. The probe focuses on whether personal data was illegally transferred abroad during this process, SBS Biz reported. The commission has been investigating the matter since early this year and is now reportedly in the final stages of determining whether a violation of the Personal Information Protection Act occurred, with a decision on sanctions pending.