South Korean crypto exchange Upbit will revise its personal information processing policy, involving sharing anti-fraud data with the police and adjusting information retention periods, effective October 6.
Upbit announced that its revised Personal Information Processing Policy will take effect on October 6. Key revisions include: the addition of sharing suspicious accounts used for criminal activities with the Korean police, and adjusting the personal information processing and retention period from "deletion upon member withdrawal" to "deletion upon termination of business relations, such as digital asset transactions." Additionally, "Police Integrated Response Team" and several Korean financial institutions have been added as third-party information providers, while the clause for overseas transfer of personal information to "Huobi Global S.A" has been removed.
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