All posts tagged "Bithumb"
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487Crypto / Digital AssetsKorean 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 -
542AML / 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 -
443AML / 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 -
779AML / KYCUpbit Becomes First Crypto Exchange to Register With KoFIU
Upbit has a partnership with K-bank for real-name verification. One or two more exchanges are expected to register by end-August.
August 24, 2021 -
252AML / KYC
Korea to Require Overseas Crypto Exchanges to Register with KoFIU
Cryptocurrency exchanges based outside Korea would be required to register with KoFIU if they use the Korean won for settlement.
July 14, 2021 -
339AML / KYCKorea Extends AML Compliance Deadline for Crypto Sector
The extension is primarily being allowed to ensure regulators can process applications received before the 24 September deadline.
June 21, 2021 -
268AML / KYC
FSC Korea Meets Crypto Exchanges Over Regulatory Reforms
The meeting focused on the operational difficulties faced by firms as they try to meet new regulatory requirements by a 24 September deadline.
June 7, 2021 -
302AML / KYC
Korean Crypto Exchanges Face “Existential Crisis” – Report
Crypto exchanges have until 24 September to partner with banks on real-name accounts as a requirement for a business licence from the FSC.
May 28, 2021 -
1.4KCrypto / Digital AssetsSeoul Police Raid Crypto Exchange Bithumb Over Fraud Allegations
Police reportedly raided South Korea's largest crypto exchange and confiscated data in connection with a fraud investigation involving the pre-sale of BXA tokens to investors.
September 4, 2020 -
1.4KAML / KYC
S. Korea Passes New Regulatory Framework for Crypto Sector
The 'Special Financial Information Law' authorises Korean financial regulators to oversee the crypto industry and develop AML rules in line with the FATF recommendations.
March 11, 2020
