China warns would-be foreign spies crypto isn’t as anonymous as they think and that authorities are watching the blockchain. South Korea finally warms up to crypto market makers.
- China's Ministry of State Security has issued a warning against foreign spies using cryptocurrencies, stating that transactions are traceable on the blockchain and are not as anonymous as perceived.
- Singapore's crypto activity surged by 55.4% to $284 billion, outperforming a regional contraction and solidifying its position as a major crypto hub, largely driven by institutional activity.
- South Korea is considering a market-making system for digital assets to improve efficiency and stability, following a significant price deviation of a yen-backed stablecoin due to limited liquidity.
Topics: Jurisdictions, Legal regulatory, Blockchain usage, Emerging hubs, Regulatory sandboxes pilots, Enforcement actions litigation, Ethereum evm l 1 s
Tags: #china #crypto #espionage #spies #blockchain #singapore #southkorea #marketmakers #stablecoin #binancepay
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