A South Korean court has halted the six-month partial business suspension penalty on Bithumb. Judge Gong Hyeon-jin of the Second Administrative Division of the Seoul Administrative Court has approved Bithumb's request for a stay of execution, thereby suspending the business restrictions that took effect last month. However, it remains unclear whether the fine of 36.8 billion won (approximately 24.6 million USD) has also been postponed. This ruling is favorable for Bithumb, as South Korean regulatory authorities have been intensifying compliance reviews of cryptocurrency exchanges, including launching new investigations into platforms like Upbit.
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