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Amid tightening regulations in South Korea, Vidente eyes controlling stake in Bithumb
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South Korea’s anti-money laundering unit recently approved Bithumb’s application to enable crypto services. Soon after, local reports claimed that the exchange’s largest shareholder is eyeing a controlling stake.
Not to forget, Bithumb is part of the “big four” crypto operators, only second to the biggest exchange Upbit. However, things have changed since it received a go-ahead from the Financial Intelligence Unit (FIU). Earlier, Vidente was reportedly considering unloading its Bithumb holdings.
However, on the back of growing business, the Korea-based venture company is interested in adding 17% to its existing stake of 32.44%. In the past months, South Korea’s regulatory shake-up had also provided the largest exchange Upbit sort of a
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South Korean lawmakers inch closer to deal to delay crypto tax by one year cointelegraph.com /2 years ago
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