
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe penalties for violations, including life imprisonment for profiting over five billion won illegally. South Korea’s Financial
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Source: Bitcoin.com
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Trump’s New Tariffs Spark Turmoil in Crypto Markets

Trump`s tariffs led to significant declines in the crypto market, particularly XRP. XRP investors faced over $20 million in losses amid the recent market turmoil. Continue Reading: Trump’s New Tariffs Spark Turmoil in Crypto Markets The post Trump’s New Tariffs Spark Turmoil in Crypto Markets appeared first on COINTURK NEWS . Bitcoin.com

Bitcoin Drops Over 6% to $83,100 Following Trump`s 25% Tariff on Foreign Autos and 34% on Chinese Imports
Bitcoin and other cryptocurrencies have experienced a notable decline following President Donald Trump`s announcement of new tariffs on foreign imports. The tariffs include a 25% levy on all foreign automobiles, with specific rates of 34% on Chinese imports, 46% on Vietnamese goods, and 20% on products from the European Union. The price of Bitcoin fell over 6% from $88,500, reflecting a broader downturn in risk assets. This move has contributed to increased volatility in the crypto market, as investors react to the implications of the tariffs on international trade and economic stability. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io Bitcoin.com