South Korea Cryptocurrency Crackdown: Regulators Caught Insider Trading

News, Regulation | January 18, 2018 By:

South Korea’s Financial Supervisory Service (FSS) employees were reportedly found to have sold all of their cryptocurrency holdings and profited just before the regulator publicly proposed measures against the industry.

At a meeting of the National Assembly’s Committee, a right-wing party lawmaker revealed an inside information that FSS employees sold all of the cryptocurrency that they invested in just prior to the announcement of the government’s measures.

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Cryptocurrency Restrictions Tightened in China

News, Regulation | January 16, 2018 By:

China is stepping up its ongoing crackdown on cryptocurrency exchanges. The Chinese government is now reportedly targeting online platforms and mobile apps providing trading services to cryptocurrency users, Bloomberg reported Monday, citing unnamed sources.

According to a source, Chinese authorities plan to block domestic access to Chinese and international cryptocurrency platforms that allow centralized trading.

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