media: Morgan Stanley is preparing to buy out part of the Bithumb exchange – Bits Media

According to the South Korean edition of Naver News, American investment bank Morgan Stanley, asset manager for $4 trillion, can redeem part of the Bithumb exchange.

Last year, South Korea's largest cryptocurrency exchange, Bithumb, came under scrutiny from regulators and police of the country. The company's offices repeatedly conducted searches and, in the end, The owners of the site began to look for the buyer to the exchange.

Later information appeared, that the parental company Nexon will buy a stock exchange company, However, due to "slow and difficult" negotiations, the deal was canceled. Later there were rumors about that, that JP Morgan and Cme Group are considering the possibility of acquiring a control package of shares.

Now the financial giant Morgan Stanley drew attention to the site, which shows interest in cryptocurrencies and provided his customers with access to investing in Bitcoin funds. According to Naver News, The American bank plans to buy a part of BitHumb $44.1 billion.

IN 2020 year, the site brought the owners a profit in the amount $17.7 million. In early April, Bithumb has stopped serving traders from 21 countries in connection with the tightening of measures to combat money laundering within the framework of the Fatf Directive. Besides, On the site, customer identification procedures were strengthened.