Edaily reported that virtual asset exchange Coinone has launched a legal challenge in response to sanctions from the Financial Intelligence Unit (FIU). With the filing of an injunction to suspend the enforcement of the sanctions just one day before their implementation, a legal battle over the effectiveness of the measure is expected to intensify. The core of these sanctions is to restrict deposits and withdrawals of virtual assets to and from external exchanges for new users. Existing users are not affected, and new users can still use trading functions other than deposits and withdrawals.
