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Bithumb Affiliates Hire Former Police and Tax Officials Amid Risks
Affiliates of Bithumb, one of South Korea's most prominent virtual asset exchanges, have received government approval to recruit former high-ranking officials from the National Police Agency and the National Tax Service…
Bithumb Launches Video ID Verification to Protect Elderly Users
Bithumb, a leading South Korean cryptocurrency exchange, has officially announced the implementation of a video call identity verification mechanism specifically designed for its elderly user base. This strategic initia…
Kiwoom Securities Seeks Stake in Bithumb Amid Regulatory Shifts
The South Korean financial landscape is witnessing a significant shift as Kiwoom Securities, a prominent domestic brokerage firm, moves to acquire a stake in Bithumb. As the nation’s second-largest digital asset exchang…
South Korea Tightens Crypto Rules After Bithumb Asset Error
The South Korean Financial Services Commission (FSC) has announced a significant tightening of oversight for domestic cryptocurrency exchanges following a major operational failure at Bithumb. The regulator is now manda…
South Korean Banks Expand Crypto Partnerships Amid Loan Restrictions
Major South Korean financial institutions are increasingly pivoting toward the digital asset sector to offset shrinking profit margins caused by strict household debt controls and domestic loan restrictions. According t…
Bithumb to Vote on CEO Lee Jae-won’s Reappointment Amid Regulatory Hurdles
The South Korean cryptocurrency exchange Bithumb is moving forward with plans to reappoint its current CEO, Lee Jae-won, despite a series of recent operational setbacks and mounting regulatory pressure. According to rep…
Bithumb Faces Record Fines as FIU Sets Sanctions Meeting for March 16
The South Korean Financial Intelligence Unit (FIU) is scheduled to convene a sanctions review meeting on March 16 to determine the regulatory consequences for Bithumb, one of the nation’s largest digital asset exchanges…
Bithumb Faces Six-Month Partial Suspension Over AML Violations
South Korea’s second-largest digital asset trading platform, Bithumb, has received a preliminary notification from the Financial Intelligence Unit (FIU) regarding a potential six-month partial business suspension. The r…