South Korean authorities fine Bithumb $136K over sharing user information overseas

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.

South Korea fined Bithumb 210m won for sending user data overseas without consent and ordered fixes as blockchain privacy rules expand now.

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.

Bithumb to list Canton (CC) in its KRW market as weak indicators meet fresh protocol updates and wider institutional backing in South Korea.

South Korea’s second-largest exchange has listed Canton Coin in its KRW market, opening the Goldman-backed, DTCC-integrated blockchain to retail investors ahead of the 14:00 KST trading start on June 23.

The rise in leveraged ETFs could heighten market volatility, prompting regulatory scrutiny and potential shifts in retail investment strategies. The post South Korean authorities weigh measures to curb risks from leveraged Samsung, SK Hynix ETFs appeared first on Crypto Briefing.

SPX6900 (SPX) was listed on South Korea’s Upbit and the second-largest exchange, Bithumb. It is currently trading at around $0.3853, after a surge of over 12.8%. If the current momentum sustains, the asset could likely break the higher crucial ranges.  Besides, the asset’s market cap is stationed at $356.08 million,

SPX6900 rose as Upbit and Bithumb announced Korean market listings, while Bithumb also opened KRW trading for Spacecoin.