The Financial Intelligence Unit (FIU) of South Korea is currently assessing Bithumb’s proposal to change its real-name account partner bank.
Proposal Under Review
Bithumb has submitted draft data for renewing its Virtual Asset Service Provider (VASP) license, which includes the potential switch from NH Nonghyup Bank to KB Kookmin Bank.
No Final Decision Yet
An FIU official stated that the review of Bithumb’s request is still in progress, and no final decision has been reached. The crypto exchange is actively engaging in discussions with financial authorities, but no conclusions have been drawn yet.
Engagement with Financial Authorities
A Bithumb representative echoed this, confirming that discussions with authorities are ongoing. The official noted that talks about converting to real-name accounts are still underway, and no decisions have been made yet.
As of now, the FIU is still reviewing Bithumb’s request to switch its partner bank, and no final decision has been made.
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