Seoul court blocks crypto exchange Bithumb’s partial suspension, allowing normal operations to continue.
Regulatory penalties included a $27 million fine and six-month suspension of new user growth.
Court’s ruling introduces uncertainty, delaying enforcement of penalties until a final judgment is made.
South Korea’s aggressive regulatory offensive against major crypto exchanges has hit a judicial roadblock. In a high-stakes ruling, the Seoul Administrative Court has temporarily blocked the Financial Intelligence Unit (FIU) from enforcing a partial business suspension against Bithumb, the nation’s second-largest exchange.
The stay of execution, granted just as sanctions were set to paralyze new user growth, allows Bithumb to…
