Tag: bithumb
Bithumb set to spin off non-exchange biz in IPO push
Local crypto exchange operator Bithumb Korea is set to simplify its corporate governance, spinning off its non-exchange business in a move designed to accelerate...
South Korean Crypto Exchanges Scrap for Survival as Upbit Dominance Wanes
A “tectonic rift” is threatening to separate the South Korean crypto exchange Upbit from its rivals, as tensions begin to fray between domestic platforms.
The...
Bithumb Making Aggressive Moves
Virtual asset exchange Bithumb has recently been making aggressive moves, such as scaling down and eliminating businesses with poor performance in recent months, and...
South Korean Crypto Exchange Bithumb Eyes IPO in Move to Challenge Upbit’s Market Dominance
Bithumb Targets Kosdaq Listing; Chooses Samsung Securities as Its Fund Manager
According to Edaily, a South Korean news outlet, Bithumb could pursue an initial public...
Restrictions on Deposits and Withdrawals with Unreported Virtual Asset Operators under The Specified Financial...
On August 17, 2022, the Financial Intelligence Unit (FIU) notified 16 foreign virtual asset operators who are engaged in undeclared illegal business activities against...
SOUTH KOREA’S AUTHORITIES RAID BITHUMB EXCHANGE
The country’s tax inspectors visited the exchange’s headquarters in Seoul, as part of a push to increase taxation and compliance, the National Tax Service...
Bithumb Mobile Wallet Subsidiary ‘Rotonda’ Raises KRW 5 Bn Foreign Investors
Cryptocurrency exchange Bithumb announced on September 26th that its Web3 Wallet subsidiary 'Rotonda' successfully raised KRW 5 Bn through a consortium of Global strategic...
FIU to Investigate Unregistered Foreign Exchanges in Korea
The Financial Intelligence Unit (FIU) under the Financial Services Commission is monitoring and cracking down on unregistered foreign virtual asset (cryptocurrency) exchanges in Korea.
According...
[AUGUST] Where People are the Product, Buyer Beware
The spectacular beating suffered by the cryptosphere recently has left many investors gun-shy, but at least one industry titan is still making big moves....
FTX Reportedly in Talks to Buy South Korean Exchange Bithumb
Sam Bankman-Fried’s FTX is looking to buy South Korean crypto exchange Bithumb, according to Bloomberg.
Acquisition talks have been ongoing for several months, a person...
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Ruling and Opposition Parties Agree on Two-Year Delay for Virtual Asset...
The ruling and opposition parties in South Korea have agreed to postpone the taxation on virtual asset income by two years. With the Democratic...
