Israel calls on governments and businesses to come together to halt terrorist financing via cryptocurrencies
Israel has urged nations to enhance collaboration with the private sector to combat terrorist financing through cryptocurrencies and other virtual assets.
Koo Yoon-cheol: "The price volatility of virtual assets has a low possibility of affecting the financial market"
The South Korean government is taking measures to strengthen internal controls at cryptocurrency exchanges following the 'Bithumb Bitcoin over-issuance incident' and downplaying concerns about the impact of virtual asset volatility on financial markets.
Democratic Party: "Digital Asset Basic Law to be Proposed This Month Regarding Bithumb's Bitcoin Overpayment Incident"
The Democratic Party of Korea plans to introduce a Digital Asset Basic Law this month in response to the overpayment incident at the cryptocurrency exchange Bithumb, emphasizing the need for fundamental measures to restore trust in virtual assets.
Financial Supervisory Service Transitions to Official Inspection of Bithumb's 60 Trillion 'Phantom Coin' Incident and Considers Sanctions
The Financial Supervisory Service in South Korea has escalated its inspection of the cryptocurrency exchange Bithumb to an official investigation due to potential violations of laws and regulations linked to a massive misallocation of cryptocurrency.
[Editorial] '60 trillion won in Bitcoin' erroneous payment shakes the foundation of virtual assets
A massive financial mishap occurred at Bithumb, South Korea's second-largest virtual asset exchange, where an erroneous payment resulted in the distribution of approximately 60 trillion won in Bitcoin due to a clerical error.
The first verdict on virtual asset law has come out… the representative of a market manipulation company was sentenced to 3 years in prison
A virtual asset management company representative was sentenced to three years in prison for artificially inflating cryptocurrency prices, marking the first application of the Virtual Asset User Protection Law's provisions against unfair trading since its enactment is set for July 2024.