South Korea Imposes Major AML Penalties on Bithumb Amid Crackdown
- AML Compliance Failures: Following a March 2025 inspection, South Korea's Financial Intelligence Unit (FIU) found Bithumb guilty of multiple compliance failures, including inadequate customer due diligence, which could lead to penalties similar to Upbit's $25 million fine, highlighting severe internal control deficiencies.
- Insufficient Customer Verification: Bithumb failed to adequately verify user identities, with issues such as unclear photos and improper address checks, and the FIU noted that these problems are systemic and structural, potentially resulting in harsher penalties.
- Lack of Transaction Monitoring: The exchange allowed trades by unverified users and failed to report suspicious transactions, with the FIU's investigation suggesting manipulative practices in order book management, which could further exacerbate the severity of penalties.
- Market Trust Crisis: The FIU emphasized that Bithumb's compliance issues stem from rapid growth outpacing compliance infrastructure, and it plans to intensify scrutiny of major exchanges to restore public trust in the crypto industry.
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Technical Analysis for SIGN
Technical Sentiment Analysis for Sign (SIGN) As of , Sign (SIGN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SIGN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SIGN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sign (SIGN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.014 | 0.0201 | 0.0269 | 0.033 | 0.0398 | 0.0459 | 0.0527 |
| Fibonacci | 0.0201 | 0.025 | 0.0281 | 0.033 | 0.0379 | 0.041 | 0.0459 |
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