Bithumb has pushed its stock market listing past 2028, citing the need to 
overhaul its accounting systems and internal controls after a high-profile 
crypto payout error drew scrutiny from South Korean regulators. Related 
Reading: XRP Headed For A Price Shock, Japan’s Financial Heavyweight Says 
Regulator Steps In After Industry Audit The Financial Services Commission 
announced Monday that all crypto exchanges operating in the country must now 
reconcile their internal records with actual asset holdings on a five-minute 
cycle. The directive followed an emergency inspection triggered by Bithumb&#8217;s 
February blunder, in which the exchange accidentally sent 620,000 Bitcoin to 
249 users during a rewards promotion. Bithumb recovered nearly all of it the 
same day — 99.7% — and used company funds to cover the remaining 1,788 BTC 
that had already been sold. What the inspection turned up across the broader 
industry alarmed regulators. Three of South Korea&#8217;s five largest exchanges 
were checking their books just once every 24 hours. Systems meant to pause 
trading when major discrepancies were detected were found to be inadequate. 
Sweeping Operational Changes Now Required Under the new rules, exchanges must 
build automated systems that match ledger records to actual wallet balances 
every five minutes. They are also required to set clear thresholds that 
trigger automatic trading halts when something looks off. High-risk activities 
— promotional payouts, for example — will need third-party reviews and sign- 
off from multiple internal levels before going through. High-risk accounts 
must be separated, and automated payment verification tools will become 
mandatory. External audits are changing too. Quarterly reviews are out. 
Monthly audits are in. Exchanges will also need to publish detailed breakdowns 
of asset balances by both wallet and ledger. The FSC said it and the Digital 
Asset Exchange Alliance plan to finish drafting the updated rules before the 
end of April. Related Reading: XRP Wallet Count Tops 8 Million As Trading 
Volume Nears $4 Billion Bithumb Delays IPO, Naver Slows Share Deal Bithumb&#8217;s 
listing plans have now been pushed back at least three years from its original 
2025 target. The exchange has brought in advisory firm Samjong KPMG and said 
it will spend 2027 focused on tightening its financial policies and controls 
before making another run at going public. Separately, Naver Financial has 
delayed its planned share swap with crypto firm Dunamu by about three months. 
A shareholder vote is now set for Aug. 18, with the deal expected to close by 
Sept. 30. South Korea has long been one of the most active countries in 
regulating crypto markets. These latest moves signal that pressure is 
intensifying — and that exchanges can expect less room for error going 
forward. Featured image from Pixabay, chart from TradingView

South Korea Imposes 5-Minute Audit Rule On Crypto Platforms

The persistent drone threat from Iran heightens geopolitical tensions, 
potentially prompting imminent U.S. military intervention.
The post Iran&#8217;s drone threat persists despite US strikes, endangering Kuwait&#8217;s 
water facilities appeared first on Crypto Briefing.

Iran’s drone threat persists despite US strikes, endangering Kuwait’s water facilities

Iran&#8217;s strengthened position may delay ceasefire urgency, impacting regional 
stability and altering geopolitical dynamics significantly.
The post Iran consolidates control over Strait of Hormuz, sanctions lifted 
appeared first on Crypto Briefing.

Iran consolidates control over Strait of Hormuz, sanctions lifted

The ceasefire may stabilize markets temporarily, but lasting peace requires 
further negotiations and broader diplomatic engagement.
The post UN chief welcomes US-Iran two-week ceasefire amid market stability 
appeared first on Crypto Briefing.

UN chief welcomes US-Iran two-week ceasefire amid market stability

Rwanda’s National Bank issued a public warning this week, telling citizens 
that peer-to-peer crypto trading involving the Rwandan franc is unauthorized 
after Bybit added FRW support to its P2P platform three days earlier. Key 
Takeaways: The National Bank of Rwanda warned on April 5, 2026, that Bybit’s 
new FRW P2P feature violates the country’s crypto […]

Cryptocurrency price in ILS