South Korea's virtual asset user base surpassed 10 million for the first time, but trading volumes and market cap declined as overseas transfers exceeded 100 trillion won, highlighting regulatory challenges and capital outflows.
#YonhapInfomax #VirtualAsset #Bithumb #OverseasTransfer #FinancialRegulation #TradingVolume #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=84269
'10 Million Users' Milestone—Virtual Asset Overseas Transfers Surpass 100 Trillion Won Amid Bithumb Exclusion Controversy
South Korea's virtual asset user base surpassed 10 million for the first time, but trading volumes and market cap declined as overseas transfers exceeded 100 trillion won, highlighting regulatory challenges and capital outflows.
South Korea's FSS chief Lee Chan-jin met with virtual asset CEOs, urging them to avoid short-term, distorted competition and prioritize user protection and IT stability as the sector grows beyond 10 million users.
#YonhapInfomax #FinancialSupervisoryService #VirtualAsset #UserProtection #Stablecoin #ITStability #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=84127
Lee Chan-jin, Chief of Financial Supervisory Service, Holds First Meeting with Virtual Asset CEOs—'Distorted Competition Must Be Avoided'
South Korea's FSS chief Lee Chan-jin met with virtual asset CEOs, urging them to avoid short-term, distorted competition and prioritize user protection and IT stability as the sector grows beyond 10 million users.
KRX Urges Swift Response to Global Crypto Asset Demand to Stay Competitive
The Korea Exchange stressed the need to swiftly address global demand for crypto assets, highlighting rapid ETP growth and plans for a new securities market.
WEMIX Suffers 8.8 Billion Won Asset Theft Hack One Year After Relisting, Plunges 22%
WEMIX, a virtual asset project by Wemade, suffers 8.8 billion won hack one year after relisting, causing 22% price drop and potential re-delisting concerns
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