Upbit operator Dunamu to gain access to government administrative data

The South Korean government is pursuing a plan to grant Dunamu, the operator of crypto exchange Upbit, access to administrative data such as resident registration records and tax payment certificates, BloomingBit reported. South Korea's Ministry of the Interior and Safety is reportedly planning to designate Dunamu as an institution authorized for joint use of administrative information within this month. Industry observers suggest that this move, which would grant a crypto exchange access to public data for the first time, signals the beginning of the formal recognition of exchanges as financial institutions.