South Korean regulatory authorities plan to impose a 6-month partial suspension penalty on Bithumb, restricting new users from withdrawing crypto assets

Odaily News: South Korea's FIU has issued a preliminary notice of a "6-month partial suspension" and accountability for responsible persons against Bithumb due to alleged violations of the Special Financial Transactions Act, transactions with unregistered overseas virtual asset service providers, and inadequate KYC reviews. The restrictions primarily target new users' virtual asset withdrawals, while existing users' deposits and withdrawals of Korean won and crypto assets, as well as trading, are temporarily unaffected. (News1)