Crypto Crackdown By South Korea To Delay Global Crypto Market Recovery, Here’s Why

Quick Summary:

South Korean regulatory crackdown against crypto has put significant pressure on crypto trading and crypto exchanges, causing an uptick in uncertainty among traders.

The move comes as regulators in South Korea push to strengthen regulation under the new digital asset law that takes effect later this month.

Experts believe that the guidelines could pose significant challenges to some altcoins.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: IndiaSouth Korea

Topics: Crypto Market 24/7 Cryptocurrency News Altcoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 10:31:04 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 301 words

Reading Time: 2 minutes read

Sentences: 33 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21480672

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 19 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #59

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