South Korea's Financial Intelligence Unit (FIU) has preliminarily notified Bithumb, the country's second-largest cryptocurrency exchange, of a six-month partial business suspension. The action is due to alleged violations of anti-money laundering (AML) and know-your-customer (KYC) regulations under the Special Financial Transactions Act. The suspension is expected to primarily affect new users' cryptocurrency transfers, pending a final decision by the authorities.
Bithumb Faces Six-Month Partial Suspension for AML Violations
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