Odaily Planet Daily reported that Delio is preparing to file an administrative lawsuit in response to the sanctions announcement issued by the Financial Intelligence Unit (FIU) of the Korean Financial Services Commission.

Jung Sang-ho said: "These FIU sanctions leave a lot of room for unreasonable legal interpretation and arbitrary application," and believed that "such behavior by financial authorities may strangle the domestic virtual asset industry." (Decenter)
According to previous news on September 1, the Financial Intelligence Unit (FIU) of the South Korean Financial Services Commission issued a sanctions announcement against the local crypto financial company Delio, ordering Delio to suspend its business for three months, fine it 1.896 billion won (approximately US$1.44 million), and fire it. An executive. The sanctions were implemented on August 31.
The FIU stated that the basis for the sanctions was that Delio violated regulations by conducting transactions with undeclared virtual asset service providers (VASPs), failing to conduct a money laundering risk assessment before providing new goods and services, and failing to perform customer identification and other obligations. .