All posts tagged "Bithumb"
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243UncategorisedKorea Regulators Probe Crypto Industry Over Terra Collapse
Korean crypto exchanges have been asked to share their data on UST and LUNA transactions including and the number of affected investors.
May 18, 2022 -
714Capital RegulationKorea FTC Considers Stricter Regulations for Upbit, Bithumb
Korean companies categorised as "large businesses" are placed under close monitoring and must disclose information on major intracompany dealings, board decisions and shareholders.
April 22, 2022 -
641AML / KYCKoFIU Directs Crypto Exchanges to Improve AML Staffing
The proportion of staff dedicated to AML compliance at Korea's crypto exchanges stands at around 8 percent.
March 5, 2022 -
931FeatureKoFIU Completes Initial Review of VASP Business Registrations
In all, 29 VASPs have been approved out of a total 42 that filed for registration by the 24 September deadline. Decisions on five entities are still pending.
December 24, 2021 -
419AML / KYCKorea: 29 Crypto Exchanges Meet Registration Deadline
The applications will be processed within three months, following which approved exchanges will be subject to AML rules announced in March.
September 26, 2021 -
507Feature
Korea: Deadline for Crypto Exchanges to Register Arrives
Five crypto exchanges and one wallet provider have so far submitted their registration documents. Only Upbit has been formally approved by the FSC.
September 24, 2021 -
470Fintech / Regtech
Korea: Nearly 70 Crypto Exchanges Set to Suspend Services
Nearly 40 exchanges are set to suspend all services, while 28 have ISMS certification and can continue trading without the Korean won.
September 21, 2021 -
467Feature
Korean Crypto Exchange Closures to Cost Investors $2.6b
The closure of almost 40 of Korea’s crypto exchanges would eliminate 42 so-called Kimchi coins and potentially result in $2.6bn in investor losses.
September 17, 2021 -
496AML / KYC
Three More Korean Crypto Exchanges Secure Deals with Banks
Bithumb, Coinone, and Korbit will likely meet the 24 September deadline. Korean police are preparing for illegal incidents from exchanges that are forced to close.
September 13, 2021 -
419AML / KYC
Korea Crypto Exchanges Team Up to Develop Travel Rule System
Bithumb, Coinone and Korbit have established a joint venture that will be used to develop systems to meet the travel rule requirement by March 2022.
September 2, 2021
