June 22, 2018

Tag Archives: Bithumb

Korean Banks Fail Crypto Exchanges In The War Against Money Laundering

Major Crypto Exchanges in South Korea are voluntarily complying with the government’s anti-money laundering (AML) oversight. However, Korean banks have been blamed for lagging behind in this war. The country is on the way to improving its Crypto-related AML measures with their American counterparts. The Banks’ Effort To Comply With AML Measures Not Enough The […]

South Korea’s Bithumb To Restrict Its Use In 11 Countries

In the wake of an increase in money laundering through Cryptocurrency, Bithumb has announced the revision of its internal regulation to limit its use in some countries. According to a statement from the company, the decision to block the 11 members from Non-Cooperative Countries and Territories (NCCT) countries will be done with the aim of […]