Bithumb Fined and Files Lawsuit Over Overseas Transfers
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A report dated October 23, 2026, said that South Korea’s Financial Intelligence Unit (FIU) fined Bithumb 36.8 billion won and imposed a six-month partial business suspension for transfers to unregistered overseas virtual asset service providers. Bithumb is challenging the penalty in court. The report also said that South Korea’s Financial Services Commission (FSC) will consider whether to allow cryptocurrency exchanges to trade tokenized securities, taking into account factors including market conditions, investor protection, and licensing arrangements; the Bank of Korea will require relevant exchanges to report users’ overseas transfers and month-end holdings on a monthly basis. The report did not specify the progress of the lawsuit or when the regulatory review or monthly reporting requirement would be implemented.
AI-written from reports · updated 1 hour ago
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- CryptopolitanSouth Korean regulator considers allowing crypto exchanges to trade tokenized securities; Bithumb sues over regulatory penalty
South Korea’s Financial Services Commission (FSC) said it will study whether to allow crypto exchanges to trade tokenized securities, while considering market conditions, investor protection and licensing arrangements. Bithumb is challenging in court a penalty imposed by the Financial Intelligence Unit (FIU): the agency fined it 36.8 billion won and ordered a 6-month partial business suspension over transfers involving unregistered overseas virtual asset service providers. The Bank of Korea will also require relevant exchanges to report users’ overseas transfers and month-end holdings on a monthly basis.
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