South Korean Authorities Issue Temporary Suspension Notice to Bissum

The Financial Information Analysis Institute (FIU) of South Korea has issued a preliminary sanction notice to cryptocurrency exchange Bissum for violations of the Specific Financial Information Act, as reported by local media on the 10th. The authorities have highlighted issues such as Bissum's transactions with unregistered foreign cryptocurrency operators and failures in customer identity verification (KYC) obligations. A six-month partial business suspension and disciplinary action against the CEO have been provisionally notified. CEO Lee Jaewon may face challenges in reappointment or future positions...