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Dunamu Becomes First Crypto Exchange to Join Government Administrative Data Sharing System
Technology Services · Internet Software/Services · yonhap_finance · 2026-08-26
Dunamu, operator of Upbit, has become the first cryptocurrency exchange to be designated for the government's administrative data sharing system.
What Happened
First-Ever Designation: Dunamu, the operator of the crypto exchange Upbit, has become the first domestic exchange to be designated as an institution for the Ministry of the Interior and Safety’s 'Administrative Information Sharing' system. The designation was finalized following an on-site inspection and suitability review conducted in May.
System Overview: The administrative information sharing system is a service introduced by the government to eliminate the need for users to manually submit required documents when processing various administrative tasks. This designation allows Dunamu to integrate this system into its operations.
Enhanced Convenience: Dunamu plans to utilize this system to streamline its Know Your Customer (KYC) processes. Users will benefit from reduced documentation requirements, leading to a more convenient and efficient service experience.
Significance: This move is significant as it indicates that a cryptocurrency exchange is adopting administrative infrastructure comparable to that of traditional financial institutions. Dunamu intends to continue its efforts to enhance user convenience through technological integration.