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South Korea speeds up Digital Asset Framework Act for fall passage

South Korea has moved to accelerate work on its Digital Asset Framework Act, with Financial Services Commission Chairman Kim Byoung-hwan saying the government will step up consultations as lawmakers press for the legislation to be completed this fall. News1 reported…

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Fake Hyperliquid Google ad linked to Inferno drainer steals USDC

A Hyperliquid user has lost about 550,000 USDC after a Google sponsored advertisement directed the victim to a fake version of the decentralized trading platform, with investigators linking the theft infrastructure to the Inferno drainer ecosystem. Blockchain security firm Salus…

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Upbit, Bithumb place SAND under caution after bridge exploit

South Korean crypto exchanges Upbit and Bithumb have designated The Sandbox’s SAND token as an investment caution asset after security concerns linked to the project remained unresolved following a cross-chain bridge incident. According to Upbit’s Aug. 24 announcement, the exchange…

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Bank of Russia eases qualified investor rules ahead of crypto rollout

The Bank of Russia has opened a new domestic testing route for individuals seeking qualified investor status, a change that could let more Russians access higher cryptocurrency purchase limits under the country’s new regulated market framework. The Bank of Russia…

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Pakistan opens VASP licensing as new crypto rules take effect

Pakistan’s Virtual Assets Regulatory Authority has opened its licensing system and given existing crypto service providers until Sept. 5 to apply for preliminary approval or stop operating in the country. The Associated Press of Pakistan reported on Aug. 22 that…