Is Upbit a Scam? Regulation Check 2026
The Upbit entry was pulled from the FIU (South Korea VASP) register. This is what the public record returns.
Verdict
The record clears Upbit: it holds FIU (South Korea VASP) licence Registered, which clears it to offer trading in KR.
How to verify on the official register
| Regulator | FIU (South Korea VASP) FIU (South Korea VASP) |
| Licence Number | Registered |
| Regulated Entity | Dunamu Inc. |
| Founded | 2017 |
What FIU (South Korea VASP) regulation means
Under FIU (South Korea VASP), an exchange must ring-fence client funds in segregated accounts, carry negative balance protection, and open its books to independent audit. A complaint can be filed with FIU (South Korea VASP) directly.
What the FIU (South Korea VASP) registration buys you
- Client funds ring-fenced in segregated accounts, apart from Upbit's own capital
- Negative balance protection, so a loss cannot run past the deposit
- A direct line to FIU (South Korea VASP) for a complaint should Upbit leave one unresolved
- Independent financial audits of Upbit, run on a schedule under FIU (South Korea VASP) oversight
Frequently Asked Questions
Is Upbit a scam or legitimate?
The record clears Upbit. It holds FIU (South Korea VASP) licence Registered, and FIU (South Korea VASP) ranks among the most respected financial regulators — the entry confirms in public on the FIU (South Korea VASP) register.
How do I check Upbit's FIU (South Korea VASP) licence?
Open the official FIU (South Korea VASP) site and run its register search. Key in licence Registered or the entity name; the entry returns Upbit's authorisation status and the exact scope of its permissions.
Are my funds safe with Upbit?
Under FIU (South Korea VASP), Upbit is required to hold client funds in segregated bank accounts, walled off from company money — cover that stands even if Upbit runs into trouble.
What protection do I have as a Upbit client in KR?
In KR, Upbit answers to FIU (South Korea VASP). On the record that means segregated client funds, negative balance protection (losses cannot run past your deposit), and a direct channel to file a complaint with FIU (South Korea VASP).
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