Bithumb Obtains ISO37301 International Standard Certification for Compliance Management... Maintains for 2 Consecutive Years

The First Won Currency Market-Supported Virtual Asset Exchange

[Asia Economy Reporter Myung-hwan Lee] Virtual asset exchange Bithumb announced on the 13th that it successfully maintained its international standard certification for two consecutive years by receiving a conformity judgment in the ISO37301 (Compliance Management System) post-audit.

Bithumb was the first to acquire ISO37301 in July last year and became the first in the industry to receive a conformity judgment in the post-audit. It is explained that Bithumb is the only virtual asset exchange supporting the Korean won market that holds ISO37301.

ISO37301 is an international standard established by the International Organization for Standardization (ISO) in 2021. Bithumb explained that obtaining international standard certification is meaningful because a credible third-party institution evaluates and verifies the company's compliance management system. In Korea, financial companies such as ▲financial holding companies ▲securities firms ▲card companies mainly acquire this certification.

At the end of last month, Bithumb received final certification maintenance approval (conformity) in the post-audit that assesses the effectiveness of the international standard. The audit was conducted by the Korea Compliance Institute (KCI) and involved checking the awareness of ethics and compliance management in related departments, as well as the internal risk management system.

Bithumb succeeded in improving its compliance management system by receiving no nonconformity judgments in this audit result. In particular, the risk management control system implemented by Bithumb's compliance department was highly evaluated for being specific and well-classified by work units.

A Bithumb compliance official said, "Following last year's acquisition of the industry's first international standard certification for compliance management, we were the first to successfully complete the post-audit as well," adding, "We will continue to strive to fulfill the ethical and legal responsibilities of virtual asset exchanges."

This content was produced with the assistance of AI translation services.