Bithumb Shuts USDT Trading Amid AML Probe

Published at 2025-11-27 03:30:22

Bithumb, South Korea’s second-largest crypto exchange, said on Nov. 26, 2025 that it will suspend USDT trading and terminate the shared order book it opened with Australia’s Stellar Exchange after only two months. The exchange framed the action as a response to intensified regulatory scrutiny of its anti–money laundering systems, with authorities seeking to verify compliance controls while the investigation continues.

The withdrawal of USDT trading reduces stablecoin liquidity on one of Korea’s major venues and may push volume to other exchanges or fiat pairs as users adjust. The decision highlights how enforcement reviews can prompt rapid operational changes and underscores the importance of robust AML procedures for global trading links; traders and counterparties should monitor Bithumb’s updates and any further regulatory developments.

USDTCrypto ExchangeAMLBithumbRegulation

Share on:

Binance plans to secure five additional operational licenses across the Asia-Pacific by the end of 2026, intensifying its regional expansion and regulatory engagement. The move follows the exchange's broader strategy to normalize local operations and grow product access.

RegulationLicensingBinanceAsiaCrypto

Published at 2026-03-04 08:00:10

Trump Urges Banks to Back GENIUS Act, Calls Weakening 'Unacceptable'

Donald Trump urged banking groups on March 3 to “strike a favorable deal” with the crypto industry and warned any effort to weaken the GENIUS Act is “unacceptable.” His intervention raises political pressure as lawmakers negotiate the stalled bill.

CryptoTrumpRegulationBanksLegislation

Published at 2026-03-04 01:30:55

SoFiUSD Comes to Mastercard Network for Stablecoin Settlements

SoFi and Mastercard will support settlement in SoFiUSD across Mastercard’s global payments network, marking a move to integrate regulated U.S. dollar stablecoins into mainstream card infrastructure. The integration aims to speed settlement and expand on‑ramp/off‑ramp options for merchants and payment providers.

SoFiPaymentsRegulationMastercardStablecoin

Published at 2026-03-03 18:15:27

ECB Warns Stablecoins Could Erode Bank Lending and Monetary Policy

The European Central Bank cautioned that rising stablecoin use may shift deposits away from banks, weakening banks’ lending capacity and the transmission of monetary policy across the euro area.

BankingStablecoinsMonetary PolicyECBRegulation

Published at 2026-03-03 11:45:14

JPMorgan Pushes into Stablecoins, Urges Banking-Style Regulation

JPMorgan is expanding into stablecoins while arguing these tokens should be regulated under the same framework that applies to banks. The stance underlines traditional finance’s bid to shape crypto oversight as competition intensifies.