Increased regulatory oversight on cryptocurrency trading is driving exchanges to take extreme measures. After Bitfinex and Poloniex, Bithumb is taking additional measures to ensure anti-money laundering (AML) compliance with its country’s laws. Bithumb — the world’s fifth largest cryptocurrency exchange by trading volume — is banning the use of its platform across 11 countries, the company announced on Sunday. The 11 banned countries include Iran, Ethiopia, Iraq, Serbia, Sri Lanka, Trinidad and Tobago, Tunisia, Vanuatu, Yemen, and Syria. All named countries are on the Non-Cooperative Countries or Territories (NCCT) list of Financial Action Task Force (FATF), an intergovernmental organization that combats…
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