Court halts 6-month partial business suspension against Bithumb

A South Korean court has suspended a six-month partial business suspension order issued against the crypto exchange Bithumb by the country's Financial Intelligence Unit (FIU), Yonhap News reported. The ruling allows Bithumb to continue its operations as usual for the time being. The FIU had imposed the penalty on Bithumb for allegedly conducting virtual asset transfers with an unregistered overseas service provider. Bithumb contested the decision by filing a lawsuit seeking its cancellation and requesting a stay of execution.