South Korea's strict laws on crypto exchanges come into force

The new regulations issued by South Koreas watchdog to protect user assets on crypto exchanges went into effect on July 19.

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Enforcement of South Korean virtual assets law prescribed in decree

The details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19.

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South Korea's Crypto Protection Law Advances in Assembly

In a landmark move for South Korea's cryptocurrency sector, the Cryptocurrency User Protection Act (also known as the Cryptocurrency Investor Protection Law) has successfully passed through the Legal Affairs Committee, marking a momentous milestone in the legislative process for digital assets. (Read More)

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US senators commit to advancing crypto bill despite FTX collapse

The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.”

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Argentina Opens Probe Into Worldcoin Personal Data Treatment Procedures

The government of Argentina informed it had opened an investigation into the data collection activities that Worldcoin is executing in the country. The Public Information Access Agency (AAIP), the data comptroller in the country, sent a letter to the Worldcoin Foundation requesting information about how the personal data of Wordcoin users is treated. Argentina to [...]

The post Argentina Opens Probe Into Worldcoin Personal Data Treatment Procedures appeared first on Crypto Breaking News.

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Korean Prosecution Investigates Cypto Coin WEMIX Issuer WeMade and Hyperism Simultaneously

The Korean prosecution has simultaneously raided WeMade, the issuer of the cryptocurrency WEMIX, and Hyperism, the asset management company responsible for WEMIX's market making. This incident comes right after South Korea’s parliament passed the Virtual Asset Protection Act, which aims to crack down on illegal illegal trading practices such as market price manipulation and insider trading. (Read More)

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