Upbit: Coin&Coin suspends crypto deposit and withdrawal services above 1 million won

South Korean cryptocurrency exchange Upbit has announced that it will suspend the deposit and withdrawal services for cryptocurrency assets worth more than 1 million Korean won on CoinCoin due to the suspension of Travel Rule solution services provided by CoinCoin. This measure is taken based on the situation of relevant Virtual Asset Service Providers (VASPs), which will suspend deposits and withdrawals of more than 1 million won, regardless of whether they support actual access to digital assets. When depositing or withdrawing from relevant VASPs, please consider the situation of the relevant VASPs before making a deposit or withdrawal. Due to the nature of digital assets, withdrawal requests cannot be cancelled once completed. Please check the exchange address carefully before applying for withdrawal. Deposits and withdrawals of digital assets below 1 million won can still be used normally.