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Korean Government Considers Imposing Unified Listing Standard on Crypto Exchanges After LUNA, UST Collapse – Regulation Bitcoin News

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The South Korean government is considering imposing tougher regulations, including a unified listing standard, on all cryptocurrency exchanges in the country following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). Korean Government’s Meeting With Cryptocurrency Exchanges The South Korean government is shifting responsibility for the crash of cryptocurrency terra

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Regulatory Attention on Terra Could Change South Korean Trading Environment; Bitcoin Goes Sideways

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The largest cryptocurrency by market capitalization was recently trading at about $29,700, up slightly and about where it stood 24 and 48 hours earlier. Ether, the second-largest crypto by market cap, was down over a percentage point, still trading a little below the $2,000 level it has held much of

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South Korean Authorities Look to More Closely Scrutinize Exchanges Following Terra Meltdown: Report

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"We need to make exchanges play their proper role, and toward that end it is crucial for watchdogs to supervise them thoroughly," Rep. Sung Il-jong of the ruling People Power Party said. "When exchanges violate rules, they should be held legally responsible to ensure that the market functions well without

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South Korean police request exchanges freeze LFG related funds

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Crypto exchanges in South Korea have been issued notices from police requesting the sequestering of funds related to the Luna Foundation Guard. On May 23rd, 2022, Korean authorities sent a request to the top crypto exchanges in the country to prevent funds from being withdrawn. Specifically, the Seoul Metropolitan Police Agency

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Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard’s Assets – Featured Bitcoin News

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The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts. Embezzlement Investigation and Asset Freeze The Seoul Metropolitan Police Agency’s Cybercrime ​​Investigation Unit announced Monday that it

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Litecoin confidential transactions spook Korean exchanges

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The recent privacy-focused MimbleWimble upgrade on the Litecoin (LTC) blockchain has prompted two of Korea's largest crypto exchanges to issue investment warnings about the fifth-largest cryptocurrency.Bithumb and Upbit, which together account for the majority of trading volume in South Korea, released statements on Monday advising investors about the risks associated

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South Korean legislature considering new licensing system for crypto

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A report commissioned by South Korea’s federal government recommends the domestic crypto industry adopt a licensing system for exchanges and token issuers as a way of protecting investors.The report issued by the Financial Services Commission (FSC) to the National Assembly, the country’s legislature, also calls for new regulations to mitigate

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US Treasury Sanctions the Blender.io Bitcoin Mixer for its Use by the North Korean Hacker Group, Lazarus

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Summary: The US Treasury Department has sanctioned a cryptocurrency mixer for the first time Blender.io has been added to the OFAC’s SDN list for assisting in illicit transactions that pose a threat to the United States and for aiding the North Korean hacker group, Lazarus, in laundering stolen funds The US Treasury Department

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US Treasury’s OFAC Adds 3 ETH Addresses Linked to North Korean Cybercrime Group to SDN List – Regulation Bitcoin News

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The Office of Foreign Asset Control (OFAC) has added three ethereum addresses to its Specially Designated Nationals And Blocked Persons List (SDN). OFAC alleges the ether addresses are controlled by the Lazarus Group, a cybercrime group that is associated with North Korea. Lazarus Group Behind Axie Infinity Heist The U.S. Treasury

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