South Korea starts inspections of Bitcoin exchanges

South Korea’s Ministry of Science and ICT and Korea Communications Commission are going to check the Korean Bitcoin exchanges
28 September 2017   831

The Korea Communications Commission (KCC) and the Ministry of Science, Information and Communication Technologies announced joint inspections of companies and exchanges that conduct transactions with cryptocurrency. This is reported by Bitcoin dot com.

KCC plans to check the exchanges for compliance with technical and administrative guarantees for the security of personal information and intends to severely suppress any violations identified.

The Korea Communications Commission (KCC) plans to conduct on-the-spot checks on the implementation of technical and administrative safeguards for personal information pursuant to the Act on the Promotion of Information and Communication Network Utilization and Information Protection, and to strictly rectify any violations.
 

ZdNet Korea

Attention of KKC to cryptocurrency organizations can be caused by the increased cases of digital wallets and hacker attacks that lead to the leakage of personal information. 

This check is due to the increase in user damages due to subsequent hacking accidents involving virtual wallet hacking and personal information leakage. The government plans to prevent the occurrence of similar damages and to provide an environment for safe service utilization through inspection of companies handling virtual currencies.
 

The Korea Herald 

 

Vinnik Extradtion to France to be Supported by SCoG

Alexander is holding the hunger strike for 24 days and lost around 9 kilos
19 December 2018   20

Following the trial court of the city of Thessaloniki, the Greek Areopagus decided to extradite Alexander Vinnik, suspected of laundering $ 4 billion through the BTC-e cryptocurrency exchange, to France. Thus, the appeal of Russian lawyers was rejected, reports TASS referring to the chairman of the court Angelique Aliferopoul.

After the announcement of the verdict, Alexander Vinnik declared that he would continue the hunger strike against the arbitrary rule of the Greek authorities, which began in mid-November.

I have been starving for 24 days. Yesterday I was weighed; according to the documents, I lost 8 kg. But they did not immediately begin to weigh me, only on the third day. So I lost 9 kg. If I'll be extradited to Moscow, I will stop starving.
 

Alexander Vinnik

Suspected

Alexander Vinnik was detained in Greece at the request of the American authorities on July 25, 2017. In June 2018, Vinnik was arrested in absentia in Russia on charges of cyber fraud on a large scale.

At the moment, there have been several court decisions on the extradition of Vinnik - at the request of the United States, at the request of France and two decisions at the request of Russia. The final decision on the case will take the Minister of Justice of Greece.