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Tag: South Korea

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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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