[Bithumb Faces Suspension of New Customer Services for Violating Anti-Money Laundering Regulations] According to a report by Jinse Finance, the South Korean Financial Intelligence Unit (FIU) has initiated disciplinary procedures against cryptocurrency exchange Bithumb. The exchange was found to have allowed users to transfer funds to unregistered overseas trading platforms and failed to implement Know Your Customer (KYC) procedures. According to Seoul News, the sanctions could include a suspension of new customer services for up to six months, though deposits and withdrawals for existing users will remain unaffected. This penalty adds to Bithumb's troubles, as the exchange previously mistakenly sent out $40 billion worth of Bitcoin due to an operational error and is currently under investigation by advertising regulatory authorities. Other exchanges under FIU investigation include GOPAX and Coinone. Competitor Upbit faced a similar three-month ban on new customers last year for similar violations and is currently challenging the decision through legal channels, with a court ruling expected in April.