The largest South Korean cryptocurrency exchange Bithumb announced that it would stop users from signing of the 11 countries listed in the black list of the Group of development of financial measures of struggle against money-laundering (FATF).

Among the countries and territories that are uncooperative (NCCT) and under the lock Bithumb neighboring North Korea, the Middle East (Syria, Iran, Iraq, Yemen), European Bosnia and Herzegovina, African countries, Ethiopia and Tunisia, and the island nation of Trinidad and Tobago, Vanuatu and Sri Lanka.

They have in common is that these countries lack proper legislation to combat “money laundering”, and their government does not show willingness to cooperate with the international community in this direction.

In the announcement published by the exchange, said that since may 27 Bithumb stop the registration of new users residing on the territory of these States, and on June 21 will be blocked current accounts of all citizens NCCT.

In addition to this step, Bithumb also intends to implement the recommendations of the government and the Korean Blockchain Association (KBA), regarding the fight against money laundering.

Recall that last month, the KBA announced new rules for the 14 local kryptomere that should help protect users and to promote the security of assets.