South Korean cryptocurrency exchange Bithumb will block the transactions of users' resident in the blacklisted Non-Cooperative Countries and Territories (NCCT), including Iran, Iraq and North Korea. Citing money laundering concerns, South Korean cryptocurrency exchange Bithumb has banned trading in 11 countries including North Korea, Iran, Iraq. The move comes after a number of exchanges have been forced to suspend trading services for several days due to sanctions imposed by US President Donald Trump. Meanwhile, Bithumb announced it has tightened its own anti-money laundering policies, applying recommendations from the South Korean government and the Korea Blockchain Association to increase transparency and prevent market manipulation.
South Korean cryptocurrency exchange Bithumb will block the transactions of users' resident in the blacklisted Non-Cooperative Countries and Territories (NCCT), including Iran, Iraq and North Korea. The move comes after a number of exchanges have been forced to suspend trading services for several days due to sanctions imposed by US President Donald Trump. Meanwhile, Bithumb announced it has tightened its own anti-money laundering policies, applying recommendations from the South Korean government and the Korea Blockchain Association to increase transparency and prevent market manipulation.