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South Korea tightens crypto withdrawal-delay exemptions after scam losses

South Korea has implemented stricter regulations regarding exemptions for withdrawal delays in cryptocurrency transactions following significant losses from scams. The Financial Services Commission (FSC) announced that exchanges must now provide detailed justifications for any delays in withdrawals, aiming to enhance consumer protection. This move comes after reports of substantial financial losses incurred by investors due to fraudulent activities in the crypto market. The FSC's decision reflects a growing concern over the safety of digital assets and the need for more robust oversight in the rapidly evolving cryptocurrency landscape.

Read the full article: Coin Telegraph

The Protocol: Bernstein says quantum threat to Bitcoin is real but manageable

Bernstein analysts have highlighted that the threat of quantum computing to Bitcoin is significant but can be managed. They emphasize that while quantum technology could potentially break the cryptographic algorithms that secure Bitcoin, the timeline for this risk materializing is still uncertain. The report suggests that the Bitcoin network could

South Korea proposes cryptocurrency law with bank-style rules for stablecoins

South Korea has proposed a new cryptocurrency law that aims to regulate stablecoins with bank-like rules. The legislation seeks to enhance consumer protection and ensure financial stability by requiring stablecoin issuers to maintain reserves and undergo regular audits. Additionally, the law would mandate that stablecoins be backed by fiat currency

Yuga Labs settles Bored Ape NFT lawsuit, ending fight over alleged copycat tokens

Yuga Labs has settled its lawsuit concerning the Bored Ape Yacht Club (BAYC) NFTs, which accused the company of creating copycat tokens. The settlement marks the end of a legal battle that began when plaintiffs claimed Yuga Labs infringed on their intellectual property rights. Financial terms of the settlement were

Partner of Trump-Backed World Liberty Linked to Sanctioned Cambodian Scam Company: Report

A report reveals that World Liberty, a cryptocurrency company backed by Donald Trump, has connections to a Cambodian firm that is under U.S. sanctions for alleged involvement in a scam. The Cambodian company, which has been accused of defrauding investors, is linked to World Liberty through its partnership with

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The Protocol: Bernstein says quantum threat to Bitcoin is real but manageable

South Korea proposes cryptocurrency law with bank-style rules for stablecoins

Yuga Labs settles Bored Ape NFT lawsuit, ending fight over alleged copycat tokens

Partner of Trump-Backed World Liberty Linked to Sanctioned Cambodian Scam Company: Report