Dunamu Nears Approval for Administrative Data Access, Signaling New Era for Korean Crypto Exchanges
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Dunamu, operator of South Korea’s largest CEX Upbit, is undergoing review after an on-site inspection by the Ministry of the Interior and Safety to become the first local crypto platform with access to the government’s joint-use administrative information system. If approved, Dunamu would be able to pull official records such as resident registration, tax payment history and health insurance eligibility for KYC/AML, reducing manual document friction and likely boosting security, compliance and institutional adoption in the crypto ecosystem.
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Dunamu, the operator of South Korea’s largest cryptocurrency exchange Upbit, is set to be the first local virtual asset platform to access administrative information via the government’s joint-use system. The Ministry of the Interior and Safety carried out an on-site inspection at Dunamu’s headquarters as part of the review process following the company’s application, according to local reports.
The joint use administrative information system allows approved institutions to confirm official records directly from the government database, thus eliminating the need for users to submit supporting documents manually. Available data may include resident registration certificate, tax payment history, and eligibility for health insurance.
If approved, Dunamu would join a group that currently includes public institutions, major banks and financial organizations. Industry ob…
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