Compartir este artículo
Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Bithumb to Mandate ID Verification From Non-Koreans Within the Year: Report
The crypto exchange will prohibit access to its platform for non-Korean nationals who fail to verify their identity by mobile phone.

South Korean crypto exchange Bithumb is set to mandate ID verification from foreign users in a bid to tighten its know-your-customer (KYC) policy in the face of regulatory scrutiny.
- Bithumb will prohibit access to its platform for non-Korean nationals who fail to verify their identity with a mobile phone, Pulse News reported Thursday.
- The policy is expected to take effect within the year with an exact date to be announced later.
- South Korea’s Financial Services Commission requires all crypto exchanges to register with its Financial Intelligence Unit by Sept. 24. Approval is contingent on meeting required standards relating to KYC and anti-money laundering (AML) systems and policies.
- Exchanges that fall short risk having their websites blocked by the authorities.
Read more: Upbit Is First Korean Exchange to Register With Authorities Before September Deadline
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.

Más para ti
Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access

A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
Lo que debes saber:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.