
South Korea to block 16 unregistered foreign crypto exchanges
South Korean government officials say the foreign exchanges could be used to carry out money laundering acts and their users’ data are not safe.
Insights on policy shifts, CBDC pilots, mining trends, and the broader impact on global crypto markets.

Vauld's entity in India failed to conduct due diligence on funds sent through the exchange and was uncompliant with India's Enforcement Directorate.

The lender, which returned all SOL, XRP and ADA tokens to users over the past week, will allow withdrawal of up to 0.0045 BTC from Aug. 16.

South Korean Financial Services Commission Chairman Kim Joo-Hyun said the new crypto regulation would adopt a balanced approach that ensures investors' protection and market innovation.

Due to having its assets frozen as a part of an ongoing investigation, crypto trading platform Hotbit announced it suspended all functions. The exchange said the services will go back to normal as soon as the assets are unfrozen.

The internet regulator vowed to crack down on online promotion of cryptocurrency to protect the financial interests of the people.

Binance has moved to disable off-chain transfer options with WazirX as ownership feud continues.


