South Korea Fines Bithumb $24.6M for AML Violations,…
What Did South Korean Regulators Find? South Korea’s Financial Intelligence Unit (FIU) has fined crypto exchange Bithumb 36.8 billion won ($24.6 million) and imposed a six-month partial suspension after identifying millions of violations of the country’s anti-money-laundering rules. The action follows an investigation into compliance practices at one of South Korea’s largest digital-asset trading platforms.
