South Korea's Financial Intelligence Unit is investigating whether Bithumb’s orderbook-sharing agreement with Stellar complies with national laws on licensing, AML, and customer verification.
South Korea’s Financial Intelligence Unit is investigating Bithumb’s compliance in its shared orderbook arrangement with Australia’s Stellar exchange. The probe focuses on adherence to licensing, registration, anti-money laundering requirements, and counterparties’ customer verification as mandated by the Act on Reporting and Use of Certain Financial Transaction Information. Authorities state current procedures remain insufficient, and if violations are confirmed, remedial actions will be enforced.