Bitcoin’s kimchi premium is on life support after South Korea targets Bithumb

South Korea’s move to suspend Bithumb over AML failures turns a local compliance case into a market-structure story. Enforcement against the country’s second-largest exchange threatens to reroute retail flows, deepen venue concentration, and degrade one of crypto’s most-watched regional pricing signals: the kimchi premium. Compliance case hits market plumbing The Korea Financial Intelligence Unit sent Bithumb a preli…