South Korea's Financial Intelligence Unit (FIU) is scheduled to convene a sanctions review meeting on March 16th to deliberate on potential penalties against Bithumb for alleged violations of the Specific Financial Information Act. The FIU has previously indicated possible measures including a six-month partial business suspension and executive accountability. Market observers anticipate that the fine imposed on Bithumb could surpass Upbit's penalty of approximately 35.2 billion South Korean won from last year, potentially reaching around 37 billion South Korean won. #crypto #blockchain #news