South Korean authorities imprisoned two fraudsters for laundering $1 million in USDT from a voice phishing operation. The leader was sentenced to five years in prison, while his employee was sentenced to two years and eight months. leader, 41-year-old chief executive ran an illegal crypto exchange with his. A voice phishing group were supported by Tether’s USDT, which they used …
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Will This Development Ignite Bitcoin and Altcoins: Positive News May Soon Arrive from South Korea
In South Korea, an important regulatory process is beginning to take place in regulating the cryptocurrency market. In February, substantive legislative discussions about cryptocurrency spot ETFs will begin with the South Korean National Assembly on crypto spot etymology. The discussions will focus on draft amendments to the Capital Markets Law that would provide a legal framework for local financial institutions …
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