South Korea To Drop Massive Fines on Its Top Crypto Exchanges — Bithumb, Coinone, and Korbit First in Line

South Korea to impose fines and sanctions on crypto exchanges. | Credit: Chung Sung-Jun/Getty Images. Key Takeaways South Korea’s financial watchdog is preparing a new round of sanctions on major crypto exchanges for KYC/AML violations. Bithumb, Coinone, Korbit, and GOPAX are expected to face penalties following months of on-site inspections. Regulators will issue sanctions in the order inspections were completed, with Dunamu (Upbit’s operator) already hit with heavy fines. South Korea’s crypto in ...