# South Korean gov’t doesn’t know who will protect crypto exchanges from Kim Jong-Un’s hackers

# South Korean gov’t doesn’t know who will protect crypto exchanges from Kim Jong-Un’s hackers

“# South Korean gov’t doesn’t know who will protect crypto exchanges from Kim Jong-Un’s hackers ” There has been a hot political debate underway on who should take responsibility for countering North Korean hacks targeting South Korean cryptocurrency exchanges. Recently, South Korea’s financial watchdog made it clear that they do not see this issue as…

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# US AML watchdog wants info on all international crypto transactions over 0

# US AML watchdog wants info on all international crypto transactions over $250

“# US AML watchdog wants info on all international crypto transactions over $250 ” The Financial Crimes Enforcement Network (FinCEN) and Federal Reserve are looking to get more information on smaller transactions than ever before.  According to a notice of proposed rulemaking published on Friday, the agencies want to lower the $3,000 threshold established in 1995 to…

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# Russian officials must now declare crypto holdings

# Russian officials must now declare crypto holdings

“# Russian officials must now declare crypto holdings ” Russia’s public officials will be mandated to declare all private crypto assets holdings from New Year’s Day, 2021. The requirements were announced on Oct. 20 by the office of Russian prosecutor general, Igor Krasnov, following a meeting with 15 fellow prosecutor generals representing member states of…

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# US crypto derivatives merchants need to leave customer funds alone, says CFTC

# US crypto derivatives merchants need to leave customer funds alone, says CFTC

“# US crypto derivatives merchants need to leave customer funds alone, says CFTC ” Per guidance released Wednesday evening, the Commodity Futures Trading Commission (CFTC) is advising businesses trading in crypto derivatives to hold customer funds very carefully. The new guidance continues the CFTC’s interest in carving out rules for custodianship of virtual currencies — an area obviously…

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