Finance

South Korea’s first digital asset law comes into force after year of finessing
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22 July, 2024

South Korea’s first digital asset law comes into force after year of finessing

The Virtual Asset User Protection Act focuses on investor protection and mandate that exchanges keep at least 80% of user...
BSV Blockchain: Building trust at scale
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22 July, 2024

BSV Blockchain: Building trust at scale

The last series of BSV Association's report, titled "Navigating Digital Transformation: Building trust in an automated world," dives on how...
Hong Kong unveils stablecoin consultation results
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22 July, 2024

Hong Kong unveils stablecoin consultation results

The FSTB and the HKMA conducted the consultation in 2023, and they will release the results “soon” as stablecoin regulations...
Basel Committee on Banking Supervision makes minor update to digital asset rules
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19 July, 2024

Basel Committee on Banking Supervision makes minor update to digital asset rules

The final disclosure framework for banks' digital asset exposures and the updated digital asset standard for banks will come into...
Tokenized deposits unlock payment efficiency, reduce settlement risk: Visa
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19 July, 2024

Tokenized deposits unlock payment efficiency, reduce settlement risk: Visa

Visa partnered with HSBC and Hang Seng Bank in 2023 on a pilot that combined the e-HKD and tokenized deposits...
South Korea’s ruling party wants to postpone 20% digital asset tax to 2028
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19 July, 2024

South Korea’s ruling party wants to postpone 20% digital asset tax to 2028

Initially scheduled for 2021, the disputed 20% tax on annual digital currency gains could be postponed if the ruling People...