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South Korea’s FTC Elevates Bithumb Exchange to Conglomerate Status
South Korea’s FTC Elevates Bithumb Exchange to Conglomerate Status
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Bithumb exchange News -
South Korea’s Fair Trade Commission (FTC) has officially designated cryptocurrency exchange Bithumb as a conglomerate, subjecting it to increased financial oversight. The May 1 decision places Bithumb among five newly added corporate groups now facing stricter disclosure requirements under the country’s two-tiered conglomerate system.
This regulatory move highlights South Korea’s expanding scrutiny of digital asset platforms in Asia’s fourth-largest economy. While Bithumb’s specific categorization within the conglomerate system remains undisclosed, the designation signals growing institutional recognition of major crypto exchanges.
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