The regulatory body has proposed barring Kwon from holding any executive role in the securities industry and mandates a full disclosure of his financial dealings and assets.
The halving event effectively reduced the Bitcoin block reward from 6.25 $BTC to 3.125 $BTC, exacerbating competition among transactions on 20 April.
The geopolitical tensions escalating in the Middle East are thought to be a significant factor contributing to Bitcoin’s instability.