**Court Suspends South Korean Regulator’s “Partial Business Suspension” Sanction Against Bithumb**

According to Yonhap News Agency, the Seoul Administrative Court accepted Bithumb's application for a stay of execution against the Korea Financial Intelligence Unit (FIU) on April 30, ruling to suspend the enforcement of a six-month “partial business suspension” sanction pending the final verdict of the case. Previously, the FIU accused Bithumb of violating the *Specific Financial Information Act*, citing approximately 6.65 million instances of non-compliance, including failure to fulfill customer identification obligations and engaging in transactions with unregistered crypto asset operators, for which it imposed a fine of 36.8 billion won. The sanction originally planned to restrict new users from transferring crypto assets to external addresses. Due to the latest court ruling, Bithumb will be able to continue its current business operations during the litigation period. (Yonhap)