The Korean regulatory authorities plan to impose a partial suspension on Bithumb for 6 months

According to News1, the South Korean FIU has preemptively notified of a "6-month partial suspension" and accountability for the person in charge due to Bithumb's suspected violations of the Special Financial Transactions Information Act, trading with unreported overseas virtual asset service providers, and lax KYC reviews.

The restrictions mainly target the withdrawal of virtual assets for new users, while existing users' deposits and withdrawals of Korean won and cryptocurrency, as well as trading, are currently unaffected.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.