South Korea’s Financial Intelligence Unit issued a preliminary notice proposing a six-month partial suspension of crypto exchange Bithumb for alleged AML and KYC shortcomings, including dealings with unregistered overseas VASPs and customer due-diligence gaps. Regulators also reprimanded Bithumb’s CEO. The decision is at an early stage and may be refined in March; if finalized it would block new users from transferring assets off the platform while existing services largely continue. The action follows recent penalties against other exchanges and a February miscredit incident that highlighted governance and control weaknesses.

FIU issued a preliminary proposal for a six-month partial suspension citing AML/KYC failures and unregistered overseas VASP dealings; CEO reprimand was issued; proposed measures would restrict new-user asset transfers though services would mostly continue; decision is preliminary and may be changed in March; follows enforcement actions against other exchanges and a February BTC miscredit incident.