South Korean Court Lifts Bithumb's Six-Month Business Suspension

The court also considered upcoming regulatory changes that could affect Bithumb's competitive position, noting that "listed corporations and registered professional investment corporations” will be able to participate in the virtual asset market “soon.” The court noted that, if sanctions were to remain in effect, “it will inevitably have a negative impact on Bithumb’s ability to secure these new clients."

Founded in 2014, Bithumb ranks among South Korea's largest cryptocurrency exchanges. The platform has operated under the oversight of the Financial Intelligence Unit, the anti-money laundering body under South Korea's Financial Services Commission.