Bithumb Restored New User Registration

Starting from February 9, users can confirm their accounts through the Nonghyup Shinhan bank
09 February 2018   1050

South Korean Exchange Bithumb began registering new traders after the integration of the user identification "know-your-customer" system  (KYC) in accordance with the requirements of the law.

Bithumb reports that starting from February 9, investors can confirm their accounts through the bank Nonghyup. Verification through the bank Shinhan is also carried out.

The integration of the new system on the Bithumb exchange was carried out 10 days after the entry into force of the new rules, according to which anonymous trade in crypto-currencies in South Korea was banned. The Financial Services Commission (FSC) demanded that all exchanges of the country introduce a procedure for identifying real names of traders through bank accounts.

Banks, in turn, pledge to stop opening virtual accounts used for anonymous trading.

At the same time, not all exchanges were able to switch to a new system. Some of them use corporate accounts and independently verify users, which allows them to do the law while others have been forced to suspend trading.

According to the Yonhap edition, banks have the right to refuse to serve small and medium-sized exchanges with crypto currency and work only with large sites, such as Bithumb, Upbit, Coinone and Korbit.

Bithumb to List BitTorrent Token

Exchange also promises to distribute additional tokens among users who will deposit funds into BTT on Bithumb
19 February 2019   105

Today on February 19, the South Korean bitcoin exchange Bithumb will add to the listing the BitTorrent (BTT) token based on the Tron blockchain.

The exchange also promises to distribute additional tokens among users who will deposit funds into BTT on Bithumb. In addition, the site will hold airdrop BitTorrent tokens among TRON coin holders.

Note that in the CoinMarketCap ranking, the Bithumb exchange is in third place in terms of trading volume.

In the course of the tokensale on the Binance Launchpad platform, in just 18 minutes, 59.4 billion BTT were purchased for $ 7.2 million. The crowdsale was enshadowed with a lot of technical issues and "system glitches".