{"id":566320,"date":"2026-03-09T14:52:39","date_gmt":"2026-03-09T14:52:39","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/03\/09\/bithumb-faces-possible-six-month-partial-suspension-in-south-korea\/"},"modified":"2026-03-09T14:52:39","modified_gmt":"2026-03-09T14:52:39","slug":"bithumb-faces-possible-six-month-partial-suspension-in-south-korea","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/03\/09\/bithumb-faces-possible-six-month-partial-suspension-in-south-korea\/","title":{"rendered":"Bithumb faces possible six-month partial suspension in South Korea"},"content":{"rendered":"

\"Bithumb<\/p>\n

Crypto exchange Bithumb risks a partial business suspension for negligence around money laundering and customer verification practices, according to local media reports.<\/p>\n

Bithumb, South Korea\u2019s second-largest cryptocurrency exchange by trading volume, is reportedly facing a possible partial business suspension of up to six months as regulators step up enforcement over anti-money laundering controls.<\/p>\n

South Korea\u2019s Financial Intelligence Unit (FIU) gave Bithumb a preliminary notice of a six-month partial suspension over alleged anti-money laundering and know-your-customer failures under the Act on Reporting and Using Specified Financial Transaction Information, according<\/a> to local media reports on Monday. The regulator reportedly cited concerns over dealings with unregistered overseas virtual asset service providers and shortcomings in customer due diligence.<\/p>\n

The FIU also issued a reprimand warning to Bithumb\u2019s CEO, a warning considered a heavy penalty, which may lead to restrictions on his reappointment or future roles. Regulators are expected to hold a sanctions review later in March before deciding on any final measures. Bithumb told News1 that the action remains at the pre-notification stage and that the scope of any sanctions could still change.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Crypto exchange Bithumb risks a partial business suspension for negligence around money laundering and customer verification practices, according to local media reports. Bithumb, South Korea\u2019s second-largest cryptocurrency exchange by trading volume, is reportedly facing a possible partial business suspension of up to six months as regulators step up enforcement over anti-money laundering controls. South Korea\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":566321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-566320","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/566320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=566320"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/566320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/566321"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=566320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=566320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=566320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}