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TechFlow reports that South Korean cryptocurrency exchange Bithumb has announced it will suspend transfers of cryptocurrencies worth over 1 million Korean won (approximately 5,600 RMB) to certain virtual asset service providers (VASPs), due to disruptions in the Travel Rule solution services provided by those VASPs.
South Korean cryptocurrency exchange Bithumb announced that due to service disruptions in the Travel Rule solutions of certain Virtual Asset Service Providers (VASPs), it will suspend transfers of cryptocurrencies worth over 1 million KRW (approximately 5,600 CNY) to these VASPs.
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