#regulatory-crackdown2 articles

2 articles

CryptoBearishDL News · Feb 237/103

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Lawmakers set to crack down on crypto after Bithumb’s $40bn Bitcoin blunder

Bithumb, South Korea's major cryptocurrency exchange, mistakenly distributed $40 billion worth of Bitcoin to users. This massive error is expected to trigger stricter regulatory oversight and crackdowns on crypto exchanges in South Korea.

$BTC

CryptoBearishDL News · Feb 197/106

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Russia to begin ‘mass blocking’ of major crypto exchanges in summer, warns expert

Russia is reportedly preparing to implement 'mass blocking' of major international cryptocurrency exchanges starting as early as summer 2024. Industry experts warn that Russian citizens may soon lose access to overseas crypto trading platforms as the country continues tightening regulatory controls over digital assets.