South Korea Fines Bithumb $24.6M And Imposes Six-Month User Registration Ban Over AML Failures

South Korean regulators have taken strong action against one of the country’s largest cryptocurrency exchanges after uncovering millions of compliance failures tied to anti-money laundering rules. Authorities have fined Bithumb 36.8 billion won (about $24.6 million) and imposed a six-month partial suspension following an investigation that revealed widespread violations of financial monitoring requirements…