South Korean authorities mandate unified crypto withdrawal delays to curb fraud - CoinDesk

Policy Share South Korea takes away exchange discretion in a major anti-phishing crackdown The new rules apply uniform criteria for withdrawal exceptions based on account history and transaction patterns. By Francisco Rodrigues, AI Boost|Edited by Jamie Crawley Apr 8, 2026, 6:44 a.m. Make preferred on (Daniel Bernard/Unsplash) What to know: South Korea's financial regulators have ordered all domestic crypto exchanges to adopt a single withdrawal delay system to combat voice phishing scams. The new rules apply uniform criteria for withdrawal exceptions based on account history and transaction patterns. Fewer than 1% of users are expected to qualify for instant withdrawals, and exchanges must strengthen identity checks and monitoring. Regulation Cryptocurrency AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. More For You Encryption Supremacy: Zcash and Privacy in the Age of Scale By CoinDesk Research Mar 31, 2026 Commissioned byGenZcash Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap. Why it matters: As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve. View Full Report Stablecoin issuers get closer to U.S. federal rules with FDIC's new proposal By Jesse Hamilton|Edited by Nikhilesh De 17 hours ago The Federal Deposit Insurance Corp. approved a proposed rule to govern the issuers, even as the Senate continues to debate GENIUS Act details. What to know: The Federal Deposit Insurance Corp. followed the Office of the Comptroller of the Currency in proposing how to regulate stablecoin issuers under last year's GENIUS Act. This is the second FDIC proposal on GENIUS Act implementation, but it emerges as lawmakers in the Senate are discussing potential changes to the... Read Full Story Latest Crypto News Bitcoin buyers gobbled up nearly 850,000 BTC between $60,000 and $70,000 39 minutes ago Ceasefire lifts bitcoin, but animal spirits may not return just yet 1 hour ago Six Swiss banks join forces to build a unified digital franc 1 hour ago Crypto markets rally as Trump announces two-week Iran ceasefire 1 hour ago MEXC's new CEO wants to tame a memecoin machine without killing what made it work 2 hours ago Pre-market crypto stocks are glowing green after the ceasefire news 2 hours ago Top Stories Attacking bitcoin mining with a quantum computer would require the energy of a star, academics say 6 hours ago CZ says SBF asked for billions 'like a Bologna sandwich' as FTX collapsed 12 hours ago Bitcoin vaults past $72,000 as U.S. stock futures surge on a two‑week U.S.–Iran ceasefire 12 hours ago XRP zooms 5% on bitcoin strength, but trend reversal still unconfirmed 7 hours ago Stablecoin issuers get closer to U.S. federal rules with FDIC's new proposal 17 hours ago U.S. bank with $1.9 trillion in assets could debut its bitcoin ETF Wednesday 6 hours ago