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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…