💥 Gate Square Event: #PostToWinCC 💥
Post original content on Gate Square related to Canton Network (CC) or its ongoing campaigns for a chance to share 3,334 CC rewards!
📅 Event Period:
Nov 10, 2025, 10:00 – Nov 17, 2025, 16:00 (UTC)
📌 Related Campaigns:
Launchpool: https://www.gate.com/announcements/article/48098
CandyDrop: https://www.gate.com/announcements/article/48092
Earn: https://www.gate.com/announcements/article/48119
📌 How to Participate:
1️⃣ Post original content about Canton (CC) or its campaigns on Gate Square.
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostTo
South Korea's fight against cryptocurrency crime exposes serious loopholes in AML.
The South Korean cryptocurrency sector is under intense scrutiny after the amount of money transferred to Cambodia increased more than 1,400 times in the past year, raising concerns about money laundering. The two largest exchanges, Bithumb and Upbit, were found to have processed over 12.7 billion won in suspicious transactions, mainly in USDT, sent to Huione Guarantee – a platform that has been sanctioned by America and the UK.
Lawyers believe that early detection of illegal transactions is nearly impossible, while criminals are shifting their activities to Cambodia and the Philippines to evade tightening regulations at home. South Korea is currently the second largest cryptocurrency market in the world, with total assets over 73 billion USD, but legal loopholes and strict AML regulations are hindering competition.
Notably, Binance has just returned to South Korea by acquiring 67% of GOPAX, which is expected to break the dominance of Upbit and Bithumb.