Sanctions on Bithumb over BTC mispayment aim for Q3 conclusion

South Korea's Financial Supervisory Service (FSS) is proceeding with its sanctions process against Bithumb, aiming for a conclusion in the third quarter regarding an incorrect Bitcoin (BTC) payment incident that occurred last February. According to Dailian, an FSS official stated that because sanctions are an invasive administrative action, they require a clear legal basis and procedural legitimacy, and that a review of the relevant laws is currently underway.