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Today's Crypto Highlights: Pavel Durov's Legal Status, South Korea’s Bitcoin Reserve Stance, and More

 

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Pavel Durov’s Legal Restrictions Temporarily Lifted

French authorities have suspended judicial restrictions on Telegram founder Pavel Durov until April 7, according to a report from Russian news agency TASS. The decision allows Durov to return to Dubai after spending months in France. In a Telegram post, he expressed gratitude to the judges and stated that while the legal process continues, it "feels great to be home."

Bank of Korea Maintains Distance from Bitcoin Reserves

South Korea’s central bank has dismissed speculation about adding Bitcoin to its foreign exchange reserves. In response to an inquiry from Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee, the Bank of Korea confirmed it has not reviewed or discussed the inclusion of Bitcoin, citing concerns over its high volatility and potential liquidity risks during market downturns.

Quantum Computing and Bitcoin Security Debate

Jameson Lopp, Chief Security Officer at Bitcoin custody firm Casa, has voiced concerns over the potential use of quantum computers to recover lost Bitcoin. Lopp argues that such actions would undermine key principles of Bitcoin, including transaction immutability and security. His comments follow a proposal from Tether CEO Paolo Ardoino, who suggested in February that quantum computing could be leveraged to restore lost Bitcoin.

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