South Korea Proposes 6-Month Partial Ban on Bithumb

TLDR South Korea’s Financial Intelligence Unit issued a preliminary notice proposing a six-month partial suspension of Bithumb. Regulators said Bithumb conducted transactions with unregistered overseas virtual asset businesses. Authorities also cited failures in enforcing certain Know Your Customer procedures. The proposed suspension would restrict virtual asset transfers for newly registered users only. Existing users would [...]

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