Coinone filed a lawsuit and injunction request before the April 29 effective date, seeking to block FIU sanctions that include a three-month partial business suspension and a 5.2 billion won fine.
Coinone has filed a lawsuit against South Korea’s Financial Intelligence Unit and asked the Seoul Administrative Court to suspend sanctions before they take effect on April 29. According to the source, the sanctions include a three-month partial business suspension and a 5.2 billion won fine over alleged anti-money-laundering violations. If enforced, the measures would bar new users from making crypto transfers to external exchanges, directly affecting customer onboarding and transfer access at the exchange.