Bithumb reportedly scraps 24-hour withdrawal lock after a won deposit
CryptoNewsTerminal Staff12 Sep, 2024
Bithumb reportedly scraps 24-hour withdrawal lock after a won deposit
According to reports in online communities, South Korean crypto exchange, Bithumb, has done away with its policy that restricted the withdrawal of virtual assets within 24 hours of a won deposit. However, there has been no official announcement regarding this change from the exchange. Bithumb had implemented the policy in May 2023 to prevent money laundering. It is unclear why the exchange has now reportedly scrapped it.