Upbit won a first-instance case, a court paused Bithumb’s business suspension, and the Digital Asset eXchange Alliance (industry self-regulatory group) objected to a draft reporting rule for transfers above 10 million won.
Major South Korean crypto exchanges are increasingly challenging regulatory actions through litigation and legislative opposition. According to the source, Upbit secured a first-instance court win, while a court suspended a planned business halt affecting Bithumb. Separately, DAXA, the Digital Asset eXchange Alliance (industry self-regulatory group), opposed a draft rule that would require reports for transfers above 10 million won. The developments show exchanges using both judicial review and policy advocacy to contest oversight measures that could affect trading operations and compliance burdens in one of Asia’s most active digital asset markets.