BitHumb Ends Its Activities in 11 Countries Between Iran and Iraq

After this decision, the Bithumb developer team will now be asking foreign users who register with the stock market to activate the two-sided security system, and at the same time will be asked to activate the two-way security system at the same time. with moves;

The Bithumb spokesperson has made the following assessment of the process in his statement:

"As the Bithumb team, we work together voluntarily with local financial authorities and statutory auditors. Our main goal at this point is; to contribute to the elimination of illegal processes such as money laundering, tax evasion or terrorist financing as a stock exchange and to protect our investors in this respect. As an institution that believes in transparency in the currency market;

Japanese Government's Influence

At the beginning of this month, Japan's oldest and most powerful media organ Mainichi Shimbun is a news by publishing; It is illegal to deny hundreds of millions of dollars worth of money by an organized criminal organization named Yakuza; Z Cash claims to be in the format of Monero and Dash .

Yakuza is known to be one of the strongest organizing criminal organizations in Japan, and this malicious organization has spread around the world 102,560 it is assumed that the number is a member.

This news in Mainichi Shimbun, which has been mobilized by the Japanese government, has also been used by the government since its inception in the 17th century, and it has been claimed that the crime syndicate has security forces as well as members of the government. particularly on secrecy-oriented crypto money The discussions on Monero, Z Cash and Dash were rekindled. Many crypto money exchanges are being sought by the government;

The Japanese government official who spoke to Mainichi Shimbun said: "

" As a government it is necessary to discuss in real terms whether or not crypto money exchanges that license and operate from us will use such coins. This was a scheme of money laundering that we all know very well (for Yakuza). It's also a surprise, maybe not.

The Japanese Financial Services Authority (FSA) has also warned G20 countries in the past on the use of such confidentiality-oriented crypto money. FSA officials, particularly stating that money laundering criminal organizations could use such crypto money very seriously, called on other countries to work together on this issue. The government official, who continues to comment on the issue, said in this regard:

"It is impossible for Japan to solve this problem alone. Even if we try to do something locally, it is not possible for us to cover enough distances in this regard. That is why other G20 countries have to join us in this matter.

In the countries like Iran and Iraq, the Bithumb team, who has had this kind of forbidden life, will be able to do a lot of things in this country, and if they come to these countries and work together with us in this regard, then we will have taken a meaningful path in the money laundering process. cryptography obviously works by putting it in the teeth to bring transparency to the money sector. The long-term vision of the company evolves in this direction; Bithumb and other local cryptographic money exchanges can put significant decisions about the use of such confidentiality-focused crypto-money in the near future.
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