TechFlow News, South Korean cryptocurrency exchange Bithumb has updated its terms of service to comply with the country's Virtual Asset User Protection Act. Key revisions include:
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Clarifying definitions of virtual assets, Korean won, and abnormal transactions.
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Specifying service types and adding laws and regulations as the basis for service usage rights.
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Updating conditions for service use restrictions and termination, along with enhanced monitoring measures for abnormal transactions.
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Introducing new deposit-related regulations to ensure separation and independent management of user funds from company assets.
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Clarifying procedures and notifications regarding the discontinuation of trading support.
Users are required to refer to the updated terms when using the services.
