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A recent CoinGecko study reveals a startling fact: over 50% of cryptocurrency projects (14,039), listed on the platform since 2014, have faced failure. The vast majority of these setbacks (more than 70%) occurred between 2020 and 2022, largely attributed to the ease of deploying tokens and the craze around meme coins. 
The South Korean government has expressed opposition to the approval of Bitcoin or any other cryptocurrency-based ETFs, in light of the recent shifts in the U.S. financial policy. This stance was articulated by a representative of the South Korean Financial Services Commission (FSC). Crypto Regulations in South Korea: Key Features
South Korea stands at the forefront of cryptocurrency innovation, boasting the highest trading volume in Asia. The nation's regulation of digital currencies began in 2017, coinciding with the first significant bull run of BTC and other cryptocurrencies. 
The cryptocurrency wallet imToken's team has released a statement responding to the Singapore Monetary Authority’s (MAS) decision to place the company on its Investor Alert List (IAL). This list is designed to warn potential investors about companies that may be problematic or suspicious. 
The South Korean government intends to establish specific regulations targeting cryptocurrency mixers, which are used to obscure the origin of digital assets. This initiative is driven by the challenges these services pose in tracking money laundering conducted by criminal organizations. 
The cryptocurrency company Tether has been highlighted in a recent UN report on crime, due to the prevalent use of its stablecoin, USDT, in money laundering and fraudulent activities, particularly in Southeast Asia. The token is notably being used in sham investment schemes promising high returns. 
Ophelia Snyder, co-founder of the cryptocurrency ETP provider 21Shares, believes that it will take several months to fully understand the impact of American Bitcoin ETFs on the market. This delay is attributed to the extensive approval processes required for these products to be available for purchase by different financial institutions, often taking up to 90 days. 
In a significant move by U.S. authorities, Rodney Burton, a key promoter of the cryptocurrency venture HyperVerse, has been detained on accusations of conducting a fraud scheme exceeding $7 million. According to the U.S. Tax Service's filings, he masterminded a financial pyramid masquerading as a crypto investment opportunity. 
Bitkey: A Hardware Wallet with a Distinctive Design
Bitkey, a hardware wallet developed by Jack Dorsey's company, Block, has stirred significant interest within the cryptocurrency community. This interest stems not only from its unique functionalities, like the absence of a seed phrase, but also from its distinctive design. 
Singapore Prime Minister Lee Hsien Loong has issued a warning about the spread of deepfake videos where he appears to endorse cryptocurrency investments promising guaranteed returns. He revealed that his deputy has also been targeted by a similar cyber attack. 
The Indonesian government has reiterated the necessity for cryptocurrency exchanges to register with the Commodity Futures Exchange (CFX), a national trading platform established in 2023. Exchanges that fail to register will be compelled to cease their operations in Indonesia.