South Korea Expands Crypto Freezing Authority While KOSPI Falls 1.4%

Seoul plans to allow payment suspensions for suspicious crypto accounts. Meanwhile, KOSPI drops 1.4% and Bitminter founder moves 829 BTC.

Woofun AI reports that South Korea intends to expand freezing authority, enabling financial regulators to suspend payments from suspicious cryptocurrency accounts. In related market movements, the KOSPI index declined 1.4%, with SK Hynix shares dropping 5.8%.

Additionally, an address linked to Bitminter's founder transferred 829 BTC that had remained unmoved for eight years.