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Tag: South Korea

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South Korea Fines Bithumb $24.6M And Imposes Six-Month User Registration Ban Over AML Failures
South Korean regulators have taken strong action against one of the country’s largest cryptocurrency exchanges after uncovering millions of compliance failures tied to anti-money laundering rules.
Authorities have fined Bithumb 36.8 billion won (about $24.6 million) and imposed a six-month… Read full article
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South Korea police draft crypto seizure rules after custody lapses: Report
Local media outlet Asiae reported that the national police aim to select a private custody provider in the first half of 2026. Read full article
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Crypto.com taps KG Inicis for tourist crypto payments in South Korea
The partnership targets foreign travelers in South Korea, adding real-world merchant access through a major local payments processor. Read full article
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PropW APAC Market Insights: Why Are Young Traders in South Korea Flocking to Crypto Prop Firms?
South Korea has long been a heavyweight in the global cryptocurrency landscape. For years, the narrative was dominated by retail trading…Continue reading on Medium » Read full article
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Crypto.com Enables Crypto Payments for Tourists in South Korea With KG Inicis Partnership
South Korea is rapidly emerging as a hub for crypto payments, and Crypto.com’s latest partnership could accelerate real-world adoption of…Continue reading on Medium » Read full article
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Crypto Under Fire: Why South Korea’s Bithumb Penalty Is A Warning Shot To Exchanges Worldwide
South Korea’s Financial Intelligence Unit (FIU) has imposed a 6-month partial business suspension and 36.8 billion won fine on one the biggest Korean crypto exchanges, Bithumb.

A New Governance Hit On A Crypto Exchange
According to Korean outlet News1, the… Read full article
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South Korea Fines Bithumb $24M, Imposes 6-Month Partial Suspension Over AML Violations
Bitcoin Magazine

South Korea Fines Bithumb $24M, Imposes 6-Month Partial Suspension Over AML Violations

South Korea’s Financial Intelligence Unit (FIU) has fined cryptocurrency exchange Bithumb 36.8 billion won ($24.6 million) and ordered a six-month partial suspension of new-user services after… Read full article
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South Korea Fines Bithumb $25M and Orders 6-Month Partial Suspension Over AML Violations
South 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… Read full article
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South Korea fines Bithumb $24M, orders 6-month partial business suspension
Regulators found 6.65 million violations at Bithumb, including 45,772 crypto transfers involving 18 unregistered overseas VASPs. Read full article
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South Korea’s Hana Financial partners with Standard Chartered on digital assets
Hana Financial Group will collaborate with Standard Chartered on digital assets following its stablecoin partnership with USDC issuer Circle earlier in March. Read full article
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