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Tag Archives: South Korea

South Korean Government Introduces New Regulatory Measures In The Wake Of Increased Crypto Exchange Hacks

In response to the multiple hack attacks on Crypto exchanges, the South Korean Government has said that it will strengthen the sector regulatory framework. Under a new bill that has already been tabled in the country’s parliament, Crypto Exchanges will have more obligations in the future. Why The New Bill Is Important Recently, cases of […]

Korean Banks Fail Crypto Exchanges In The War Against Money Laundering

Major Crypto Exchanges in South Korea are voluntarily complying with the government’s anti-money laundering (AML) oversight. However, Korean banks have been blamed for lagging behind in this war. The country is on the way to improving its Crypto-related AML measures with their American counterparts. The Banks’ Effort To Comply With AML Measures Not Enough The […]

Bitcoin Investors Continue To Record Huge Losses After A Hack In South Korea

Bitcoin prices have hit their lowest levels this year after a South Korean exchange reported a hack on its system over the weekend. The exchange reported a loss of up to a third of its coins. The attack has renewed questions about security on the various Cryptocurrency exchanges. Cryptocurrency Hack In South Korea A South […]

South Korea’s Bithumb To Restrict Its Use In 11 Countries

In the wake of an increase in money laundering through Cryptocurrency, Bithumb has announced the revision of its internal regulation to limit its use in some countries. According to a statement from the company, the decision to block the 11 members from Non-Cooperative Countries and Territories (NCCT) countries will be done with the aim of […]
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