South Korean Crypto Exchange Heavyweight Bithumb Gains Operating Permit
The last of the South Korean “big four” crypto exchange platforms – Bithumb – has finally received an operating license from the nation’s financial regulator, the Financial Intelligence Unit (FIU). Bithumb had submitted...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bithumb had submitted its application to the FIU ahead of the latter’s September 24 deadline. But the trading platform, which was until very recently the nation’s busiest, had been in limbo until this past weekend, waiting for the FIU to finish reviewing its documents....
Read More: South Korean Crypto Exchange Heavyweight Bithumb Gains Operating Permit
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
India’s local crypto exchanges get just 0.7% of inflows, Chainalysis reports
India’s crypto users send substantial value to centralized exchanges, but domestic platforms receive just 0.7% of exchange value i...
Binance will hold some Brazil crypto deposits until users explain where the money came from
Binance will require Brazilian users to provide additional information for cross-border crypto transfers starting Nov. 1. The exch...
Coinbase completes Deribit switch, ending International Exchange trading
Coinbase completed the migration of Coinbase International Exchange to Deribit on Oct. 1, ending trading on its former internation...
New Treasury rules could change how stablecoin issuers get your dollars back
US government debt is one of the easiest assets in the world to borrow against, which lets financial companies get cash without gi...
Who Is Jay Clayton? From XRP Lawsuit to Trump’s New AI Czar
Clayton will lead the newly created “Super Intelligence Force,” a White House task force tasked with examining the risks and oppor...
New SEC crypto rules threaten small advisers, but big firms win
The US Securities and Exchange Commission’s proposed crypto custody fallback could broaden investment choices while making them ea...