Upbit Halts Identity Verification Using Resident IDs Temporarily
Upbit's Temporary Suspension: Upbit has halted identity verification using resident registration cards due to regulatory pressures related to KYC/AML breaches, impacting new customer transactions while existing users remain unaffected.
Regulatory Scrutiny: The Financial Intelligence Unit and the Financial Services Commission have imposed a three-month partial business suspension on new customer crypto transfers, emphasizing the need for improved compliance systems.
Recurring Compliance Issues: Upbit has faced similar regulatory warnings in the past, indicating ongoing challenges with KYC violations and escalating enforcement from South Korean financial authorities.
Market Impact: While primary trading for existing users continues, experts suggest potential shifts in user flows to other exchanges during the suspension period as Upbit adjusts its business model for future compliance.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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