2024.04.08
Bithumb Korea Delays Management Split to Prioritize Compliance with New Regulations
Bithumb Korea postpones management split originally set for June to focus on preparations for the Virtual Asset User Protection Act, effective in July. The company filed an amendment to the spin-off, changing the date to 'undetermined'. Bithumb plans to re-disclose once finalized. This decision aims to comply with regulatory requirements, denying any link to IPO slowdown theories. Previous changes, including re-appointment withdrawal of former chairman Lee Jung-hoon and name change, were attributed to administrative and legal reasons, not connected to the postponement.
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