TechFlow, September 23 — According to Yonhap News Agency, South Korea's Financial Intelligence Unit (FIU) is investigating whether the order book sharing between Bithumb, a major domestic cryptocurrency exchange, and Australia-based Stellar Exchange complies with legal procedures. Bithumb announced its order book integration with Stellar upon launching its USDT market on September 22, but financial authorities believe it may not have fully met relevant procedural requirements.
Under the Special Act on Financial Transactions, cross-border order book sharing must meet strict conditions, including both parties holding proper licenses and fulfilling anti-money laundering obligations, as well as ensuring customer information is verifiable. Authorities will take necessary actions if violations are found. Industry insiders note that verifying overseas users' information poses practical challenges in the short term.
