Bithumb Faces 6-Month Suspension In South Korea Over AML, KYC Violations

The South Korea-based cryptocurrency exchange, Bithumb, is facing significant legal and operational challenges following a major system error in February. This resulted in more than $43 billion worth of Bitcoin (BTC) being distributed to users, prompting scrutiny from regulatory bodies.  The Financial Intelligence Unit (FIU) has preliminarily notified Bithumb of a six-month partial suspension of […]