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#cross-border-transfers News & Analysis

2 articles tagged with #cross-border-transfers. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.

2 articles
CryptoBearishBlockonomi · Jun 257/10
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Bithumb Hit with $136K Fine Over Unauthorized Cross-Border Data Transfers

South Korea's privacy regulator fined Bithumb 210 million won ($136,000) for transferring user data across borders without proper consent. The penalty requires the exchange to overhaul its cross-border data transfer processes and underscores increasing regulatory scrutiny of cryptocurrency platforms' data handling practices.

CryptoBullishcrypto.news · Jun 197/10
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South Korea weighs opening crypto transfer licenses to fintech firms

South Korea is considering expanding its upcoming cross-border digital asset transfer licensing framework to include fintech firms alongside cryptocurrency exchanges, a move set to take effect in December. This regulatory shift aims to broaden market participation while maintaining oversight of the digital asset transfer sector.

South Korea weighs opening crypto transfer licenses to fintech firms