South Korean regulators aim to toughen crypto fraud punishments
The legislation, separate from the upcoming Digital Asset Basic Act, may came into force already in 2023.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The legislation, separate from the upcoming Digital Asset Basic Act, may came into force already in 2023.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Chainlink And LG CNS Target South Korean Banks With Digital Asset Infrastructure Deal
TL;DR: Chainlink and LG CNS are partnering on oracle and cross-chain infrastructure aimed at South Korea’s financial institutions;...
Kraken Ends Trading In 13 Tokens As A Separate Withdrawal Deadline Begins
Kraken’s October delistings have moved into the withdrawal phase. Trading and deposits for 13 assets were scheduled to stop on Oct...
Bloomberg Adds Basel Crypto Exposure Classification For Banks And Asset Managers
TL;DR: Bloomberg has expanded its crypto analytics to classify bank exposure under Basel standards, including indirect holdings hi...
Binance Founder CZ Makes Shocking Claim About AI Hacking: “No Crypto Wallet Is 100% Safe”
The comments followed two X posts in which CZ discussed the limits of digital security and AI risks, highlighting phishing and soc...
New York Seeks $1.3 Billion From NovaTech Founders In Crypto Fraud Case
TL;DR: New York’s attorney general is seeking $1.3 billion in monetary relief in the NovaTech case and has announced nearly $6 mil...
UAE-Led Coalition Exposes $39 Billion in Crypto Fraud, 960 Arrested
Carried out for three months, the operation resulted in the arrest of nearly 100 defendants and the raid of 29 fraud centers. 30 c...