South Korean FSC says Bithumb fine amount not finalized

South Korea's Financial Services Commission (FSC) announced that it is taking follow-up measures against Bithumb following an inspection related to violations of the country's law on specified financial transactions. The FSC stated that the level of any sanctions, including whether to impose a fine and its amount, will be determined after deliberation by a review committee. The commission also refuted media reports claiming it was considering a fine of around 37 billion won ($26.8 million) for Bithumb and reviewing the application of a 10% surcharge, calling the claims untrue.