South Korea's Finance Minister Vows to Improve Oversight of Government-Held Crypto
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Published on March 2, 2026.
South Korea's Finance Minister, Kim Jong-Unhul, has announced plans to improve oversight of government-held digital assets. This follows recent mishandling of seized cryptocurrencies. The government will review current practices and collaborate with relevant agencies to enhance security measures and prevent future incidents. Bitcoin, after reaching a peak of $69,000, dropped over 3% to nearly $65,000 on Friday as stocks dipped. Other notable developments include a 6% increase in the HYPE token as traders sought risk exposure during Iran-related tensions, and the collapse of Crypto Capital Corp. The Scam Center Strike Force has seized over $580 million in cryptocurrency from Southeast Asian crime networ. The U.K. Gambling Commission is considering allowing crypto payments for licensed betting operators to combat illegal acts.
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