KOREA’S BIGGEST CRYPTOCURRENCY EXCHANGE TO BAN TRADING IN 11 COUNTRIES INCLUDING IRAN

Business Korea on 28th May reported that Bithumb, South Korea’s biggest cryptocurrency exchange, will ban digital asset trading with investors in North Korea, Iran, Iraq, and 8 other countries that are considered as high-risk jurisdictions by the Non-Cooperative Countries and Territories (NCCT) Initiative of FATF.  Bithumb is said to rank first in South Korea and sixth in the world in terms of trading volume.

http://www.businesskorea.co.kr/news/articleView.html?idxno=22579

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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