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š Kaspersky Labs Alert: A new malware campaign, #SparkCat , was discovered at the end of 2024. The attackers use OCR to steal recovery phrases and gain full control over victimsā crypto wallets. šØ
ā¢ Affected apps were found on both #GooglePlay and #apps , with over 242,000 downloads on Google Play.
ā¢ Itās unclear whether they were infected due to supply chain attacks or were intentionally tampered by developers. š¤
Kaspersky advises users to:
ā¢ Delete infected apps š
ā¢ Avoid storing sensitive info in screenshots until a patch is released.
ā¢ Affected apps were found on both #GooglePlay and #apps , with over 242,000 downloads on Google Play.
ā¢ Itās unclear whether they were infected due to supply chain attacks or were intentionally tampered by developers. š¤
Kaspersky advises users to:
ā¢ Delete infected apps š
ā¢ Avoid storing sensitive info in screenshots until a patch is released.
South Korea Cracks Down on Unregistered Crypto Exchanges
In a significant move to regulate the cryptocurrency market, South Korean authorities have blocked access to several foreign crypto exchange apps on the Google Play Store. This crackdown affects users in South Korea who rely on apps like KuCoin and MEXC.
Understanding the Regulations
South Korea's Financial Intelligence Unit (FIU) requires Virtual Asset Service Providers (VASPs) to register and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. This ensures crypto exchanges operate within the bounds of the law, protecting users and maintaining financial integrity.
The Consequences of Non-Compliance
The FIU has taken decisive action against unregistered foreign VASPs, requesting Google to block access to their apps on the Google Play Store. This means:
- No new downloads: Users in South Korea can no longer download these apps.
- No updates: Existing users will not receive updates through Google Play.
Why This Matters
This move is a clear indication that South Korea is committed to enforcing its crypto regulations and protecting its users. By blocking unregistered exchanges, the government aims to:
- Prevent illicit activities: Unregistered exchanges can facilitate money laundering, terrorist financing, and other illicit activities.
- Protect users: By ensuring exchanges comply with AML and KYC regulations, users are better protected from potential risks.
What's Next?
As the regulatory landscape continues to evolve, it's essential for crypto exchanges to prioritize compliance. Users in South Korea should also be aware of the risks associated with using unregistered exchanges and take necessary precautions.
Stay informed about the latest developments in the cryptocurrency space and their impact on the market.
Understanding the Regulations
South Korea's Financial Intelligence Unit (FIU) requires Virtual Asset Service Providers (VASPs) to register and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. This ensures crypto exchanges operate within the bounds of the law, protecting users and maintaining financial integrity.
The Consequences of Non-Compliance
The FIU has taken decisive action against unregistered foreign VASPs, requesting Google to block access to their apps on the Google Play Store. This means:
- No new downloads: Users in South Korea can no longer download these apps.
- No updates: Existing users will not receive updates through Google Play.
Why This Matters
This move is a clear indication that South Korea is committed to enforcing its crypto regulations and protecting its users. By blocking unregistered exchanges, the government aims to:
- Prevent illicit activities: Unregistered exchanges can facilitate money laundering, terrorist financing, and other illicit activities.
- Protect users: By ensuring exchanges comply with AML and KYC regulations, users are better protected from potential risks.
What's Next?
As the regulatory landscape continues to evolve, it's essential for crypto exchanges to prioritize compliance. Users in South Korea should also be aware of the risks associated with using unregistered exchanges and take necessary precautions.
Stay informed about the latest developments in the cryptocurrency space and their impact on the market.
šØ Google Faces $12.6M Fine in Indonesia for Monopolistic Practices! šØ
KPPU fines Google for enforcing exclusive billing, blocking alternatives, and hurting developers. What's next for Google? Stay tuned!
šØ Breaking News: Google Fined by Indonesian Antitrust Agency šØ
In a major blow to Google's operations, the Indonesian antitrust agency (KPPU) has imposed a hefty fine of IDR 2.025 trillion (~$12.6 million) for monopolistic practices related to its Google Play Store payment system.
š“ What Happened? The fine stems from Google enforcing the exclusive use of its Google Play Billing (GPB) system, charging developers up to 30% in fees while blocking alternative payment options. This practice led to user declines, lower transaction volumes, and financial losses for developers.
šµ The Order:
Stop enforcing the GPB system.
Allow developers to join the User Choice Billing (UCB) program.
Offer at least a 5% service fee discount within a year.
Google plans to appeal the decision, maintaining that their practices promote healthy competition. This fine follows a string of similar penalties from other countries, including India, South Korea, and the EU, with Japan possibly next in line.
š± Stay tuned for more updates on this developing case!
#Google #Indonesia #BTCNextATH? #Monopoly #GooglePlay #Regulation #TechNews
KPPU fines Google for enforcing exclusive billing, blocking alternatives, and hurting developers. What's next for Google? Stay tuned!
šØ Breaking News: Google Fined by Indonesian Antitrust Agency šØ
In a major blow to Google's operations, the Indonesian antitrust agency (KPPU) has imposed a hefty fine of IDR 2.025 trillion (~$12.6 million) for monopolistic practices related to its Google Play Store payment system.
š“ What Happened? The fine stems from Google enforcing the exclusive use of its Google Play Billing (GPB) system, charging developers up to 30% in fees while blocking alternative payment options. This practice led to user declines, lower transaction volumes, and financial losses for developers.
šµ The Order:
Stop enforcing the GPB system.
Allow developers to join the User Choice Billing (UCB) program.
Offer at least a 5% service fee discount within a year.
Google plans to appeal the decision, maintaining that their practices promote healthy competition. This fine follows a string of similar penalties from other countries, including India, South Korea, and the EU, with Japan possibly next in line.
š± Stay tuned for more updates on this developing case!
#Google #Indonesia #BTCNextATH? #Monopoly #GooglePlay #Regulation #TechNews
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