The Korean regulatory authorities plan to impose a partial suspension on Bithumb for 6 months
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According to News1, the South Korean FIU has preemptively notified of a "6-month partial suspension" and accountability for the person in charge due to Bithumb's suspected violations of the Special Financial Transactions Information Act, trading with unreported overseas virtual asset service providers, and lax KYC reviews.
The restrictions mainly target the withdrawal of virtual assets for new users, while existing users' deposits and withdrawals of Korean won and cryptocurrency, as well as trading, are currently unaffected.
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