The court decided to temporarily suspend the effect of the fine and partial business suspension imposed on Coinone by the Financial Intelligence Unit (FIU) under the Financial Services Commission until the 29th of next month. According to Money Today, the court explained, "We decided to temporarily suspend the effect of the disposition during the period required for the deliberation and final decision of the stay of execution case," adding, "This is not a final decision on the stay of execution case." On the 13th, the FIU imposed a fine of 5.2 billion won on Coinone for violating the Special Act on the Reporting and Use of Specific Financial Transaction Information and a three-month partial business suspension prohibiting new customers from transferring virtual assets (deposits and withdrawals). This measure was scheduled to take effect from the 29th.
