
AiCoin|Sep 23, 2025 02:41
[South Korean Financial Regulators Investigate Bithumb and Australia's Stellar on Order Book Sharing Compliance]
The South Korean Financial Intelligence Unit (FIU) is investigating the compliance of Bithumb and Australia's Stellar exchange in the process of sharing order books. According to current regulations, virtual asset service providers are required to complete licensing, registration, and anti-money laundering obligations, as well as possess the ability to verify counterparties' customer information. Although Bithumb has engaged in consultations with regulatory authorities, officials believe its compliance procedures still have shortcomings. If the investigation finds violations of the 'Act on Reporting and Using Specified Financial Transaction Information,' relevant authorities will take further action.
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