In a reference to concerns over money laundering South Korea's largest crypto currency trading platform "bithumb" has banned trading in 11 countries including North Korea, Iran and Iraq.

 In a statement on Monday, the platform said it would comply with international anti-money laundering standards by banning all transactions of residents of jurisdictions belonging to the Black Non-Collaborating Countries and Territories (CCCT) list. 

 The eleven Countries that have  to face bandage were Asian country, Bosnie-Herzégovine ,Éthiopie, Syrie, Iran, IraqCeylon, island and Tobago, yet as Tunisie, New Hebrides and Yémen. 

 This procedure came into effect on May 27, with "bithumb" stopping new users from the 11 countries included in the "NCCT" Users of this platform who belong to these countries will witness a breakdown of their accounts starting from On the 21st June. 

 According to data released by "CoinMarketCap", "Bithumb" is South Korea's largest trading platform and the 5th largest trading platform in the world with more than $ 400 million worth of primary currency traded over a 24-hour period. 

 

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