Korea’s Biggest Cryptocurrency Exchange Bans Trading in 11 Countries

Samburaj Das in Bitcoin ExchangeExchangesNews
Korea’s Biggest Cryptocurrency Exchange Bans Trading in 11 Countries

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Citing money laundering concerns, South Korean cryptocurrency exchange Bithumb has banned trading in 11 countries including North Korea, Iran, Iraq.

In an announcement on Monday, the exchange said it will comply with global anti-money laundering norms by blocking all transactions of residents in jurisdictions belonging to the Non-Cooperative Countries and Territories (NCCT) blacklist.