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Search results for virtual asset exchanges

Finance

Financial sector hacking spreads, delays gain support for digital asset tax postponement

A string of hacking incidents in South Korea’s financial sector has led to confirmed personal data leaks at savings banks and mutual finance groups, prompting authorities to step up inspections and security requirements. Banks are moving to raise cybersecurity spending and expand fraud prevention systems using AI. Market volatility and a steep stock selloff also drew a policy response. Political debate intensified over postponing digital asset taxation and regulating exchange shareholders.

Crypto

U.S. CFTC chair says no repeat of FTX-like collapse as exchange rules accelerate

The U.S. Commodity Futures Trading Commission is moving to create a new regulatory framework for cryptocurrency exchanges and says it aims to prevent a repeat of a major collapse like FTX. Commissioner Michael S. Selig said exchanges would be given a path to register with the CFTC to protect digital asset spot markets. The agency has also begun seeking public comment on proposed rules covering platforms offering leveraged or margined crypto trading.

Telecommunications & Media

Voice phishing measures cut cases and losses by about 40 percent

South Korea\'s government said voice phishing cases and losses fell for 10 straight months after it rolled out a comprehensive crackdown plan. Cases from October to July dropped 39.9 percent to 12,554, while losses fell 43.2 percent to 632.4 billion won. Authorities cited emergency blocking of scam numbers within 10 minutes, an AI platform for sharing suspicious information, expanded reporting operations and stronger investigations and international cooperation.