Bithumb fined as South Korea cracks down on crypto user data

South Korea fined Bithumb $136,000 for unauthorized overseas user data transfers. Regulators found user information was shared abroad without proper consent procedures. New blockchain privacy guidelines increase compliance obligations for crypto firms. South Korean regulators have fined cryptocurrency exchange Bithumb for transferring user information overseas without obtaining proper consent. The penalty reflects growing regulatory scrutiny […] The post South Korea Fines Bithumb for Sharing User Data Without Consent appeared first on Live Bitcoin News.

The fine comes after an investigation concluded that Bithumb shared information with many overseas exchanges in violation of laws intended to protect user data.

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South Africa's historic advancement may boost their confidence and influence future World Cup dynamics, while South Korea faces strategic reassessment. The post South Africa reaches World Cup knockout stage for first time with win over South Korea appeared first on Crypto Briefing.

Bithumb's repeated data violations highlight the increasing regulatory scrutiny and potential financial risks for crypto exchanges globally. The post Bithumb fined 210M won for user data transfer violations appeared first on Crypto Briefing.

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D’CENT is a South Korean hardware wallet brand that began with a focus on self-custody and secure storage. This gave the company a solid foundation, but it also raised a key question: How can a hardware-first wallet let users do more on-chain without becoming an exchange? ChangeNOW helped the wallet add exchange features directly to […]