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Coin Edition 2024-11-18 08:23:14

South Korea’s Crypto Exchanges Gain Power to Freeze Transactions

Under a new amendment to South Korea’s Virtual Asset User Protection Act, crypto exchanges can now immediately suspend transactions for legitimate reasons. South Korean regulators introduced this new provision to combat hacking, money laundering, and fraud. This allows exchanges to act swiftly without notifying users beforehand, though they must do so afterward. South Korea’s first The post South Korea’s Crypto Exchanges Gain Power to Freeze Transactions appeared first on Coin Edition .

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