South Korean regulators are getting very serious in fighting fraud in cryptocurrency markets, as evidenced by the raid in UpBit, the largest cryptocurrency exchange in the country on Friday, and the two other exchanges back in April.Is that all ? Matthias Goldmann, Advisor to Constellation Labs thinks so. “My feeling is that this does not play into any other ulterior motives of the Korean government,” says Goldmann. “Just because fraud happens with a new technology does not make it legal to defraud people. The same criminal laws and justice systems apply.”
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