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Crypto Community Erupts Over Ethereum Foundation Member’s Arrest


On Friday the United States Attorney’s Office for the Southern District of New York (SDNY) announced the arrest of Ethereum Foundation member Virgil Griffith for allegedly “assisting North Korea in evading sanctions” by teaching “his audience how to use blockchain...

South Korean Committee Passes Bill Enforcing FATF Crypto Rules


South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task...

South Korea Might Put Cryptocurrency Exchange AML Offenders to Jail


South Korean regulators and parliamentarians are rapidly building up a legal framework that will help them police cryptocurrency exchanges, with non-compliant exchange operators potentially facing jail time. Per news outlet Ilgan Today, the regulatory Korea Financial Intelligence Unit is seeking...

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