South Korean Regulator Selects Bithumb for On-Site Inspections Following New Virtual Asset Regulations

South Korean Financial Supervisory Service (FSS) has selected cryptocurrency exchange Bithumb as the first candidate for on-site inspections of virtual asset service providers (VASPs), according to a report from Newsis. The FSS notified Bithumb on September 10, 2024, about the inspection, which is set to begin after the upcoming Chuseok holiday. The inspection will focus