Korean investors sue financial regulator over Upbit token

According to CryptoNews, on September 15, a group of South Korean investors filed a complaint with the South Korean financial watchdog regarding Upbit, known as the Dutch auction strategy. , which is the same as October 10, 2015. “Backdoor” Initial Coin Liberation (ICO). A group of traders claimed the company was running Dutch auctions on the Jakarta-based Upbit Indonesia platform to sell new unregistered tokens. Tokens auctioned in the Netherlands are typically auctioned 'two to three days later' by Upbit Korea, but now exchanges are doing it weekly and traders are complaining as it has a major impact on the value of currency. Korea bans the publication of crypto assets and ICOs. Please check the legality of the process of selling and registering Upbit tokens.