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Business

BIS wants banks digital asset exposure limited to 2% by 2025
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23 December, 2022

BIS wants banks digital asset exposure limited to 2% by 2025

The BIS wants central banks to set the standard for commercial banks’ involvement with stablecoins, tokenized assets, and “unbacked digital...
Asset tokenization needs a global public blockchain as a universal registration system
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23 December, 2022

Asset tokenization needs a global public blockchain as a universal registration system

An asset will only gain effective physicality if the underlying blockchain has unbounded scalability, is compatible with IPv6, is universal,...
South Korean court confiscates $92M in assets linked to Terra tokens
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23 December, 2022

South Korean court confiscates $92M in assets linked to Terra tokens

The assets were obtained from Kernel Labs—a firm close to Terra—and according to court documents, Kernel Labs’ CEO Kim Hyun-Joong...
India finance minister: Regulating virtual currency industry requires international collaboration
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23 December, 2022

India finance minister: Regulating virtual currency industry requires international collaboration

Indian Finance Minister Pankaj Chaudhary says that any legislation governing digital assets would only be effective with global cooperation.
Philippines: PH-IGM, Gameloot, Vertex Evo Trading hit with SEC warnings
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23 December, 2022

Philippines: PH-IGM, Gameloot, Vertex Evo Trading hit with SEC warnings

The SEC blacklisted PH-IGM, Gameloot, and Vertex Evo Trading, for breach of securities law and operating like a Ponzi scheme.
South Korea ‘metaverse’ province eyes expansion in Vietnam
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23 December, 2022

South Korea ‘metaverse’ province eyes expansion in Vietnam

In a meeting at the Korea-Vietnam Economic Forum, Gyeongbuk Governor Lee Cheol-woo unveiled the province’s ambitious plans to use the...
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