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Policy
South Korea Introduces Uniform Withdrawal Rules to Combat Phishing Scams
In a bid to counter a rise in voice phishing scams, South Korea's financial regulatory bodies have introduced a unified system for delaying cryptocurrency withdrawals. The new rules, announced by the Financial Services Commission and Financial Supervisory Service, eliminate the discretion previously held by exchanges to set their own criteria for bypassing holding periods, as reported by local ne…
April 8, 2026, 10:44 a.m.
Policy
South Korea Introduces Uniform Withdrawal Rules to Combat Phishing Scams
In a significant move to counter voice phishing scams, South Korea's financial regulatory bodies have mandated the implementation of a unified, stringent system for delaying cryptocurrency withdrawals across all domestic exchanges. This effort aims to thwart scams that exploit swift transaction capabilities. Previously, exchanges had the discretion to establish their own rules for bypassing holdi…
April 8, 2026, 10:44 a.m.
Policy
South Korea Introduces Uniform Withdrawal Rules to Combat Phishing Scams
In a bid to curb the rising incidence of voice phishing scams, South Korea's financial regulatory bodies have mandated that all domestic cryptocurrency exchanges implement a unified, stringent system for delaying withdrawals. This move aims to thwart scammers who rely on swift transactions to deceive victims. Previously, exchanges had the discretion to set their own rules for exceptions to holdin…
April 8, 2026, 10:44 a.m.
Policy
South Korea Intensifies Anti-Phishing Measures by Standardizing Withdrawal Protocols
In a bid to combat the rising incidence of voice phishing scams, South Korean financial authorities have mandated that all domestic cryptocurrency exchanges implement a unified and stringent system for managing withdrawal delays. This move aims to thwart scams that exploit the speed of transactions. Previously, exchanges had the discretion to allow users to bypass holding periods, but this has no…
April 8, 2026, 10:44 a.m.
Policy
South Korea Intensifies Anti-Phishing Efforts by Standardizing Exchange Withdrawal Protocols
In a significant crackdown on phishing scams, South Korea's financial regulatory bodies have mandated that all local cryptocurrency exchanges implement a uniform, stringent system for delaying withdrawals. This move aims to counter a recent surge in voice phishing scams that exploit the speed of transactions. Previously, exchanges had the discretion to set their own rules for bypassing holding pe…
April 8, 2026, 10:44 a.m.
Policy
South Korea Intensifies Anti-Phishing Measures by Standardizing Exchange Protocols
In a significant crackdown on phishing scams, South Korea's financial authorities have mandated that all domestic cryptocurrency exchanges implement a uniform, stringent system for delaying withdrawals. This move aims to counter the rising tide of voice phishing scams that exploit the speed of transactions. Previously, exchanges had the discretion to allow users to bypass holding periods, but thi…
April 8, 2026, 10:44 a.m.
Policy
South Korea Intensifies Anti-Phishing Efforts by Standardizing Withdrawal Protocols
In a significant move to combat the rising tide of voice phishing scams, South Korea's financial regulatory bodies have introduced a unified system for crypto exchanges to manage withdrawal delays, thereby curbing the scams' reliance on rapid transactions. The Financial Services Commission and Financial Supervisory Service have announced these new rules, which eliminate the discretion exchanges p…
April 8, 2026, 10:44 a.m.
Policy
US Regulators Move Closer to Implementing Federal Rules for Stablecoin Issuers
The US Federal Deposit Insurance Corporation (FDIC) has unveiled its proposed approach to regulating stablecoin issuers, a key step towards implementing the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The proposal, which will be open to public comment for 60 days, outlines capital, liquidity, and custody standards for institutions issuing stablecoins from their s…
April 7, 2026, 6:21 p.m.
Policy
US Regulator Moves Closer to Establishing Federal Rules for Stablecoin Issuers
The US Federal Deposit Insurance Corporation has formally proposed its approach to regulating stablecoin issuers, as required by the Guiding and Establishing National Innovation for US Stablecoins Act. The proposal, which aligns with the Office of the Comptroller of the Currency's proposal in February, will be open for public comment for 60 days. The FDIC's role is to regulate US depository insti…
April 7, 2026, 6:21 p.m.
Policy
US Regulators Move Closer to Implementing Federal Rules for Stablecoin Issuers
The US Federal Deposit Insurance Corporation has formally proposed its approach to regulating stablecoin issuers, as required by the Guiding and Establishing National Innovation for US Stablecoins Act. The proposal, which aligns with the Office of the Comptroller of the Currency's proposal in February, will be open for public comment for 60 days. The FDIC's role is to regulate US depository insti…
April 7, 2026, 6:21 p.m.