
South Korea’s FIU probes Bithumb over order book sharing with Stellar
South Korea’s Financial Intelligence Unit (FIU) has launched an investigation into Bithumb, one of the country’s largest cryptocurrency exchanges, over its decision to share an order book with Australian trading platform Stellar. The FIU, which operates under the Financial Services Commission, is reviewing whether Bithumb’s arrangement complies with the Special Financial Transaction Information Act, a law that governs the brokering of virtual assets and imposes strict AML and customer-verification requirements. On September 22, Bithumb announced that it had reached an agreement to share the order book with Stellar when it opened its Tether (USDT) market. Liquidity benefits under scrutiny Order…





