US EditionSouth Korea Fines Bithumb $24 Million, Orders 6-Month Partial Suspension over AML Violations
17 Articles
17 Articles
Financial Authorities Impose Severe 6-Month Partial Business Suspension on Bithumb... 36.8 Billion Won Fine Required for Transactions with Unreported Overseas Operators, Failure to Comply with Customer Identification Obligations, etc. Financial authorities have imposed a six-month partial business suspension and a fine of 36.8 billion won on Bithumb, a domestic cryptocurrency exchange. Transactions with unreported overseas operators
(Seoul = Yonhap News) Reporters Kang Su-ryeon and Kang Ryu-na = Financial authorities have imposed severe disciplinary measures on the virtual asset exchange Bithumb, including a six-month partial suspension of operations for violations of anti-money laundering obligations, along with...
Crypto Under Fire: Why South Korea’s Bithumb Penalty Is A Warning Shot To Exchanges Worldwide
South Korea’s Financial Intelligence Unit (FIU) has imposed a 6-month partial business suspension and 36.8 billion won fine on one the biggest Korean crypto exchanges, Bithumb. Related Reading: Crypto Push In Korea: Hana Financial And Standard Chartered Unveil New Deal A New Governance Hit On A Crypto Exchange According to Korean outlet News1, the FIU […]
South Korea Imposes Record Fine and Restrictions on Bithumb
Bithumb received South Korea’s largest crypto-related fine for widespread AML violations. Authorities imposed a record penalty and forced six months of limited operations. Continue Reading:South Korea Imposes Record Fine and Restrictions on Bithumb over AML Failures The post South Korea Imposes Reco...
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