South Korean FIU fines Bithumb 36.8B won, imposes partial suspension

South Korea's Financial Intelligence Unit (FIU) has imposed a six-month partial business suspension and a 36.8 billion won ($28.3 million) fine on cryptocurrency exchange Bithumb, Money Today reported. The FIU operates under the country's Financial Services Commission. Under the suspension, existing customers can continue to trade without restrictions. New customers will face temporary limits on external crypto asset transfers but will still be able to trade, exchange assets, and deposit or withdraw Korean won. The FIU has issued a preliminary notice of the fine and will finalize the amount after providing Bithumb with a period of at least 10 days to submit its opinion.