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South Korea is taking steps to tighten cryptocurrency regulations, aiming to ban the use of credit cards for purchasing cryptocurrencies. The Financial Services Commission proposed amending the Credit Finance Act to explicitly prohibit using credit cards to buy cryptocurrency. This aims to curb illegal fund outflows and speculation and may be implemented in the first half of 2024. Is South Korea Tougher on Crypto Than The U.S.? South Korea’s strict regulatory approach contrasts with America’s more cautious approach to balancing innovation and investor protection. Also Read: Bitcoin ETF Could B…

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