Korean crypto change Bithumb toughens up its Anti-Cash Laundering measures By Cointelegraph


Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures

South Korean cryptocurrency exchange Bithumb is toughening its approach to Anti-Money Laundering enforcement with a series of new measures that include trading restrictions, stronger Know Your Customer checks, and specialized blockchain intelligence solutions.

The popular exchange, which has an estimated average of 1 million daily users and a daily transaction volume worth 5–7 billion ($4.4–6.2 million), had a troubled 2020 beset by police investigations over allegations of fraud.