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South Korea crypto body says mass token delistings ‘unlikely’ amid new laws

A recent statement from a cryptocurrency industry group suggests that South Korea is unlikely to see widespread delistings of cryptocurrencies. This announcement comes amidst ongoing regulatory discussions and clarifications regarding the country’s cryptocurrency market.

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A recent statement from a cryptocurrency industry group suggests that South Korea is unlikely to see widespread delistings of cryptocurrencies. This announcement comes amidst ongoing regulatory discussions and clarifications regarding the country’s cryptocurrency market.

The industry group’s reassurance follows concerns raised by market participants regarding potential mass delistings of cryptocurrencies in South Korea. Such concerns arose amid regulatory uncertainty and recent developments in the regulatory framework governing digital assets.

According to the industry group, discussions with regulatory authorities have indicated a measured approach towards cryptocurrency regulations rather than drastic measures such as mass delistings. This stance aims to balance investor protection with fostering innovation within the cryptocurrency sector.

South Korea has been actively revisiting and refining its regulatory approach towards cryptocurrencies to provide clarity and stability for market participants. The government’s efforts include enhancing transparency in trading practices and addressing concerns related to investor protection and financial stability.

Despite regulatory adjustments, the cryptocurrency industry in South Korea continues to evolve, with market participants adapting to changing regulatory landscapes. The industry group emphasized ongoing dialogue with regulators to ensure that regulatory frameworks align with market realities and support sustainable growth of the digital asset ecosystem.

Looking forward, stakeholders in South Korea’s cryptocurrency market are encouraged to stay informed about regulatory developments and compliance requirements. The industry group remains committed to advocating for clear and fair regulatory practices that support innovation and responsible growth within the cryptocurrency sector.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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