PANews reported on March 9th that, according to News1, the South Korean Financial Institutional Investor (FIU) has issued a preliminary notice of a "partial suspensionPANews reported on March 9th that, according to News1, the South Korean Financial Institutional Investor (FIU) has issued a preliminary notice of a "partial suspension
South Korean regulators plan to impose a six-month partial suspension on Bithumb.
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PANews reported on March 9th that, according to News1, the South Korean Financial Institutional Investor (FIU) has issued a preliminary notice of a "partial suspension of operations for six months" and accountability measures for Bithumb, which is suspected of violating the Special Financial Act, engaging in transactions with undeclared overseas virtual asset service providers, and having lax KYC verification. The restrictions primarily target new users transferring virtual assets; existing users' deposits, withdrawals, and transactions of Korean won and crypto assets are temporarily unaffected.
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