Dunamu approved to use South Korean government data for Upbit KYC

Dunamu, the operator of the Upbit exchange, received official designation from South Korea’s Ministry of the Interior and Safety to use the government’s shared administrative information system for customer verification. The approval follows an on‑site inspection in May and marks the first time a domestic virtual‑asset exchange can tap into this public data network.

How the new system works

The administrative information joint‑use service lets approved institutions query identity and other records held by government agencies through a secure network. By accessing these records, Upbit can reduce the amount of documentation users must submit during KYC checks, aiming for faster and more accurate verification.

Regulatory context

South Korean regulators have closely monitored Upbit’s KYC and anti‑money‑laundering controls. Earlier scrutiny included a procedural sanctions notice from the Financial Intelligence Unit and a review of the exchange’s virtual‑asset service provider license renewal. The new data access does not eliminate Upbit’s KYC obligations but provides an additional source of verification.

Broader developments for Dunamu

In addition to the KYC approval, Dunamu has been involved in other regulatory and public‑sector activities this year, such as a formal sanctions process related to a wallet breach and a contract to provide crypto custody services for the National Police Agency. The company is also pursuing a share‑exchange transaction with Naver Financial, pending multiple regulatory approvals.

What this means for users

Upbit users can expect fewer document requests during the onboarding process, as the exchange will be able to confirm identity information directly from government records. The change is intended to improve user experience while maintaining compliance with South Korea’s stringent virtual‑asset regulations.