🎄 Cryptonary Christmas Sale! 50% OFF. Save $500 Now Only ⏰ : 0d 11h 48m 7s
Crypto exchange Bithumb receives approval in South Korea
South Korea's Bithumb exchange has been officially registered with the Financial Intelligence Unit. This means that all four major domestic exchanges, including Upbit, Coinone, and Korbit, have been granted the status of legal virtual asset operators.
Bithumb has been registered as an official virtual asset operator
The FIU announced on November 19 that it had registered Bithumb as an official virtual asset operator. The country's other three major exchanges - Upbit, Coinone and Korbit - had already been accepted by the FIU. At the same time, the regulator delayed a decision on Bithumb's business report 75 days after it was filed. Some media reports attributed this to the ongoing trial of Bithumb's main shareholder, Lee Jung-hoon who was charged with fraud.Bithumb CEO Heo Back-young responded to the news today, thanking users and promising to "do best to focus on introducing cryptocurrencies based on a strict listing process" and that the exchange "will "put investor protection as a top priority." On the same day as Bithumb, the FIU also accepted the business reports of Flybit and GDAC - two of the smaller exchanges in South Korea. However, they cannot offer cash-to-crypto services because they have not secured a banking partnership.
The FSC imposed two essential requirements for crypto exchanges
On March 25, the Financial Services Commission (FSC) imposed two essential requirements on virtual asset operators. First, exchanges had to obtain certification for an information security management system (ISMS) that demonstrates their ability to protect users' personal information. Second, they had to partner with a local bank in South Korea to provide crypto exchange users with bank accounts for withdrawals and deposits under their real names. This was to reduce the risk of crimes such as money laundering, embezzlement, or price manipulation.As a result of the crypto regulations, only 28 of the original 63 exchanges are still operating. Of the 28, only the four major exchanges have met both requirements, making them the only ones allowed to offer cash-to-crypto services. The other 24 managed to get the ISMS certification, but not the banking contract, and were restricted to operating as token-to-token exchanges.
Continue reading by joining Cryptonary Pro
$997 $497/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
Recommended from Cryptonary
