South Korea Tightens Crypto Rules as Exchanges Face Rising Penalties

[madtrader]

Regulators in South Korea are ramping up enforcement against crypto platforms suspected of violating anti-money laundering rules. The latest case involves Bithumb, which received a preliminary warning from the Financial Intelligence Unit over compliance issues tied to customer verification and overseas crypto service providers.

The crackdown follows earlier penalties against other exchanges. In late 2025, Dunamu — the parent company of Upbit — received a partial suspension and a $25 million fine, while Korbit was also fined for similar violations. Authorities say the stricter oversight aims to strengthen safeguards against financial crime in the rapidly growing crypto sector.

[johnblockbuster]

lol bithumb getting warnings again south korea is serious about crypto compliance