Bitb.com news: According to Money Today, on April 3, South Korea’s Financial Supervisory Service (FSS) issued a corrective order to Dunamu, the operator of Upbit, requiring it to amend its report on the main matters regarding the “Comprehensive Stock Swap and Transfer Decision.” The FSS stated that in the report submitted by Dunamu on March 30, there were material omissions or false statements regarding the “Future Corporate Restructuring Plan” and “Other Important Matters Related to Investment Judgments.” The report shows that, because approval from the Fair Trade Commission is required and the change in major shareholders must be reported and completed in accordance with the 《Credit Information Act》 and the 《Specific Financial Information Act》, this stock swap may be delayed or canceled. In addition, the legislative process of South Korea’s proposed 《Digital Asset Basic Act》 may also have a major impact on the transaction.

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