South Korea’s Financial Intelligence Unit (FIU) has fined cryptocurrency exchange Bithumb 36.8 billion won ($24.6 million) and ordered a six-month partial suspension of new-user services after uncovering millions of anti-money laundering (AML) violations, according to local reporting.
The FIU’s investigation found roughly 6.65 million breaches of the country’s AML and customer verification rules. About 3.55 million involved failures to verify customer identities, while 3.04 million cases co