South Korean financial regulators urge Bithumb to suspend Tether Market services.
TL;DR
South Korean regulators urged Bithumb to suspend its Tether market service for trading Bitcoin and altcoins with USDT. The service will shut down on November 28th for system maintenance to ensure a stable trading environment.
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Odaily Odaily that South Korean financial regulators have urged Bithumb to suspend its Tether market service, which allows customers to buy and sell Bitcoin and nine other high-market-cap Altcoin using USDT. These ten assets can still be traded on the Korean Won (KRW) market. Bithumb is currently in beta testing and involves an order book sharing agreement with Stellar. Bithumb stated that due to system maintenance, the service will be shut down at 11:00 AM KRW on November 28th for restructuring to provide a more stable trading environment. (DLNews)