Home Bitcoin South Korea Fines Bithumb $25M and Orders 6-Month Partial Suspension Over AML Violations

South Korea Fines Bithumb $25M and Orders 6-Month Partial Suspension Over AML Violations

by Katherine Dowd



South Korea Fines Bithumb $25M and Orders 6-Month Partial Suspension Over AML ViolationsSouth Korean regulators have imposed a roughly $25 million fine and a six-month partial business suspension on crypto exchange Bithumb after finding millions of anti-money-laundering and identity-verification violations. Bithumb Sanctioned by South Korean FIU Over Identity Verification Failures Reports note that South Korea’s Financial Intelligence Unit (FIU), operating under the Financial Services Commission, finalized sanctions […]



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