A South Korean court halted the financial authorities' six-month suspension of Bithumb's partial business operations.

CoinFeed reported on April 30 that, according to Yonhap News Agency, the Seoul Administrative Court in South Korea accepted Bithumb's application to suspend the six-month partial business suspension order imposed by the Financial Intelligence Unit (FIU). This suspension will remain in effect until a formal judgment is rendered. Previously, the FIU accused Bithumb of violating 6.65 million violations under the Specific Financial Information Act, including obligations prohibiting transactions with unreported virtual asset operators, customer confirmation obligations, and transaction restriction obligations. In March of this year, the FIU imposed a six-month partial business suspension order and a fine of 36.8 billion won. The partial business suspension order prohibits new customers from depositing or withdrawing funds from external virtual assets; a six-month suspension is the most severe sanction faced by exchanges in the South Korean won market. The order was originally scheduled to take effect on March 27, but Bithumb filed an administrative lawsuit on March 23 before it took effect and applied for a suspension. The court granted the application, and the order remains suspended.