Google sues crypto app fraudsters, Crypto.com in Korea: Asia Express
OUR weekly summary of news Since East Asia curators THE industry most important developments.
Google continues alleged Chinese crypto scammers, can he earn?The alphabet Google subsidiary company has deposit lawsuits In federal court In New York against two Chinese nationals resident In continent China For allegedly using Google Play has display And distribute fraudulent crypto applications.
THE fraudulent apps on Google Play, including TionRT exchange, were downloaded on 100,000 times by people WHO deposit funds In THE apps And were watch Back And could initially withdraw little the amounts but were later unable has to access their sales.
Google said he East THE First of all technology business has take action against scammers And hope has together A legal previous. THE suit complaints THE accused allegedly do "several false statements has Google In order has download their fraudulent apps has Google Play, including but not limit has false statements about their identify, location, And THE type And nature of THE application be downloaded. »
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A
example
of
A
fake
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(Apple
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It is bringing charges below THE Racketeer Influence And Corrupt Organizations (RICO) law, as GOOD as manufacturing complaints For infringe of contract against THE band that Google said published has less 87 crypto scam apps on Google Play.
He appointed Yunfeng Sun, a.k.a Alphonse Sun, And Hong Nam Cheung, a.k.a Zhang Hongnim Or Stanford Fischer, as THE alleged guilty, saying they attracted victims has download THE apps via text messages campaigns on Google Voice, videos on Youtube And affiliate marketing diagrams.
He remains has be seen if Google can get punishments against THE people implied, However. Currently, there East No reciprocal legal enforcement agreement between THE WE. And China, meaning that even if THE trial prevails, Chinese authorities will not to have any of them obligations has impose he In It is territory.
Popular crypto exchange Crypto.com, which has more that 80 million users worldwide, will develop has South Korea by THE END of THE month. As by THE Korea Economic Every day, Crypto.com will launch on April 29 And will initially only functionality piece by piece transactions And non-fungible tokens.Like part of THE application launch And In double with regulations, Crypto.com gave A 30 days notice has users of It is acquired OK-BIT platform that he was cease services When THE Crypto.com application go live.
THE the company ultimate aim East has develop In THE decree Korean won has crypto walk For users. However, THE country regulators are In their enforcement of crypto laws. HAS function fiat-to-crypto Exchanges In Korea, A entity must on board A local bank as A money issuer partner, go through regular financial audits, And conform with all Know Your Customer And Anti-money Whitening requirements.
"OUR aim East has goodbye This And Soon support denominated in won transactions In double with THE Virtual Active User protection Act that will take effect In July," said Patrick Yoon, CEO of Crypto.com Korea.
Hong Kong game farm invests another $1 million In cryptoHong Kong game farm Boyaa Interactive, which has promised has invest In cryptocurrencies In THE pass year, will with Peaceful Water drop Digital Active Funds CPS For A $1 million investment In metaverse, non-fungible tokens, And blockchain related to infrastructure projects.
"THE Advice of Directors believes that This investment And cooperation will further promote THE Groups business development And layout In THE Web3 field," Boyaa staff wrote on April 2. "He Also noted that THE Band will deepen It is efforts In THE Web3 field And TO DO to use of THE Groups rich experience accumulated In THE the Internet game field And THE GOOD opportunities of Hong Kong new Web3 policy has create A pure And leading listed Web3 business. »
Boyaa partner In THE initiative, Water drop Investment, has A wallet compound of on 150 Web3 projects, such as canadian allowed crypto exchange Virginiec, digital assets guardian Safeh....
OUR weekly summary of news Since East Asia curators THE industry most important developments.
Google continues alleged Chinese crypto scammers, can he earn?The alphabet Google subsidiary company has deposit lawsuits In federal court In New York against two Chinese nationals resident In continent China For allegedly using Google Play has display And distribute fraudulent crypto applications.
THE fraudulent apps on Google Play, including TionRT exchange, were downloaded on 100,000 times by people WHO deposit funds In THE apps And were watch Back And could initially withdraw little the amounts but were later unable has to access their sales.
Google said he East THE First of all technology business has take action against scammers And hope has together A legal previous. THE suit complaints THE accused allegedly do "several false statements has Google In order has download their fraudulent apps has Google Play, including but not limit has false statements about their identify, location, And THE type And nature of THE application be downloaded. »
< /p>
A
example
of
A
fake
crypto
application
SEO
(Apple
Store)
It is bringing charges below THE Racketeer Influence And Corrupt Organizations (RICO) law, as GOOD as manufacturing complaints For infringe of contract against THE band that Google said published has less 87 crypto scam apps on Google Play.
He appointed Yunfeng Sun, a.k.a Alphonse Sun, And Hong Nam Cheung, a.k.a Zhang Hongnim Or Stanford Fischer, as THE alleged guilty, saying they attracted victims has download THE apps via text messages campaigns on Google Voice, videos on Youtube And affiliate marketing diagrams.
He remains has be seen if Google can get punishments against THE people implied, However. Currently, there East No reciprocal legal enforcement agreement between THE WE. And China, meaning that even if THE trial prevails, Chinese authorities will not to have any of them obligations has impose he In It is territory.
Popular crypto exchange Crypto.com, which has more that 80 million users worldwide, will develop has South Korea by THE END of THE month. As by THE Korea Economic Every day, Crypto.com will launch on April 29 And will initially only functionality piece by piece transactions And non-fungible tokens.Like part of THE application launch And In double with regulations, Crypto.com gave A 30 days notice has users of It is acquired OK-BIT platform that he was cease services When THE Crypto.com application go live.
THE the company ultimate aim East has develop In THE decree Korean won has crypto walk For users. However, THE country regulators are In their enforcement of crypto laws. HAS function fiat-to-crypto Exchanges In Korea, A entity must on board A local bank as A money issuer partner, go through regular financial audits, And conform with all Know Your Customer And Anti-money Whitening requirements.
"OUR aim East has goodbye This And Soon support denominated in won transactions In double with THE Virtual Active User protection Act that will take effect In July," said Patrick Yoon, CEO of Crypto.com Korea.
Hong Kong game farm invests another $1 million In cryptoHong Kong game farm Boyaa Interactive, which has promised has invest In cryptocurrencies In THE pass year, will with Peaceful Water drop Digital Active Funds CPS For A $1 million investment In metaverse, non-fungible tokens, And blockchain related to infrastructure projects.
"THE Advice of Directors believes that This investment And cooperation will further promote THE Groups business development And layout In THE Web3 field," Boyaa staff wrote on April 2. "He Also noted that THE Band will deepen It is efforts In THE Web3 field And TO DO to use of THE Groups rich experience accumulated In THE the Internet game field And THE GOOD opportunities of Hong Kong new Web3 policy has create A pure And leading listed Web3 business. »
Boyaa partner In THE initiative, Water drop Investment, has A wallet compound of on 150 Web3 projects, such as canadian allowed crypto exchange Virginiec, digital assets guardian Safeh....
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