South Korea to Suspend Bithumb for 6 Months Over KYC Gaps

South Korean regulators are moving to suspend part of Bithumb’s operations, marking one of the toughest crackdowns the exchange has ever faced. South Korea’s Financial Intelligence Unit (FIU) has dropped a preliminary notice proposing a six-month suspension of some Bithumb services, plus possible fines that could hit 50 billion won (roughly $36.5 million). The investigation […] Read The Full Article South Korea to Suspend Bithumb for 6 Months Over KYC Gaps On Coin Edition.