Regulation· ★★★· bearish·

Bithumb restricts three crypto firms as FIU seeks to block two websites

  • —Bithumb restricted deposits and withdrawals for TetherMax, SuperTrust and Aegis Ventures
  • —FIU requested blocks on TetherMax and SuperTrust websites and apps
  • —Aegis Ventures was excluded from the block request as it has no crypto site
  • —Unregistered crypto operation in Korea carries up to 5 years or a 50 million won fine
Why it matters: Seoul is tightening pressure on unregistered providers, narrowing local users' access to offshore crypto services.
Source: TokenPost