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Search results for April 15

Crypto

Global digital asset firms flock to South Korea but legislation stalls

Global digital asset companies are increasingly visiting South Korea and signaling interest in entering the market, but delays in the Digital Asset Framework Act are raising concerns. Executives from Circle, Tether and Sui have discussed cooperation and partnerships, while stressing the need for clear legal pathways for foreign stablecoin issuers and broader corporate participation. In parliament, five bills remain pending, and political and policy scheduling issues have repeatedly stalled committee talks.

AI & Enterprise

South Korea privacy watchdog sanctions 3 firms, including Duo, for failing data security measures

South Korea\'s Personal Information Protection Commission held its seventh plenary meeting on April 22 and decided to sanction three companies for violating personal data protection rules. It imposed a total of 4.79 billion won in penalty surcharges and 17.4 million won in administrative fines, and ordered corrective measures and public disclosure. The sanctioned firms were KS Korea Employment Information, Duo Information and Geumneung Park Cemetery, which suffered data leaks after inadequate security and processed resident registration numbers without legal grounds.

Crypto

Shiba Inu derivatives bets swell; open interest growth outpaces bitcoin and XRP

Shiba Inu futures open interest rose 13.45 percent over 24 hours to $69.79 million, outpacing the growth rates of bitcoin and XRP, as bets topped 11 trillion SHIB. Inflows to futures positions exceeded outflows, and trading volumes rose sharply across markets. Spot trading showed a slight bullish bias, while futures positioning leaned strongly bearish. Technical indicators highlighted support near the 50-day moving average and improving momentum signals.