South Korea Issues Warning Against Crypto Exchange Upbit
South Korea’s financial regulator has ordered Upbit to halt business operations for alleged anti-money laundering violations, particularly in regards to fulfilling know-your-customer requirements.
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Crypto Crimes Rose 49% in South Korea Last Year
According to a report released on Wednesday by the Financial Intelligence Unit, the number of reported suspicious transactions from cryptocurrency service providers in South Korea grew by 48.8% in 2023 compared to 2022.
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Bitsonic CEO Sentenced to Seven Years in Prison for Fraud
The CEO of Bitsonic, a cryptocurrency exchange in South Korea, named Jinwook Shin, has been sentenced to seven years in prison.
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The President of South Korea to Put off the Introduction of a Tax on Bitcoin Traders
Yoon Seok-yeol intends to postpone the taxation of cryptocurrencies until the country develops general regulations for the crypto industry.
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US Authorities Warn North Korean-linked Hackers Are Targeting Crypto Industry
The Cyber Security and Infrastructure Protection Agency (CISA), FBI and US Treasury have issued a joint warning of North Korean hacker threats to steal cryptocurrencies.
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