Global #restrictions

South Korea is poised to significantly relax its restrictions on institutional crypto trading. The Financial Services Commission (FSC) plans to gradually grant institutions, starting with non-profit organizations, access to local crypto exchanges.

Coinbase, one of the world's leading cryptocurrency exchanges, has recently faced criticism from users who have reported account restrictions.

Russian authorities are set to introduce significant restrictions on cryptocurrency mining in regions of Ukraine under its control, marking a new regulatory step in the country’s ongoing response to its energy challenges amid the war.

On October 30, Evgeny Grabchak, Russia’s Deputy Energy Minister, announced that the country will soon impose restrictions on cryptocurrency mining in regions facing critical electricity shortages.

Venezuela’s government has imposed restrictions on various online services, including the cryptocurrency exchange Binance and the social media platform X, following unrest over disputed presidential election results.

On Friday, Japanese Bitcoin exchange DMM experienced a significant hack resulting in the loss of 4,502.9 Bitcoin, valued at approximately $305 million USD. The exchange confirmed the unauthorized breach in a public statement, stating that they are still investigating the extent of the damage and have implemented measures to enhance security, including restrictions on certain services.