South Korean court dismisses Hanbitco Korea suit against FIU over filing rejection

A South Korean court dismissed a lawsuit filed by crypto exchange operator Hanbitco Korea against the head of South Korea’s Financial Intelligence Unit seeking to overturn the rejection of its amended virtual asset business report, Digital Asset reported. The Seoul Administrative Court found there was no longer a legal interest in seeking to cancel the disposition because the exchange had halted operations and the filing’s validity period had expired. The two sides are also pursuing a separate lawsuit over about 2 billion won in fines.