South Korea to invite 100,000 citizens to test CBDC in 2024
Participants will be restricted to using the CBDC only for payment, without an option to store, exchange, or send it to other users. Go to Source
South Korea
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US regulators continue to discuss crypto: Law Decoded, Nov. 13–20
Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected. Go to Source
South Korea’s pension fund bags 280K Coinbase shares: SEC data
South Korea’s National Pension Service, one of the world’s largest pension funds, invested $20 million in Coinbase in Q3 2023. Go to Source
Democratic Party of South Korea mandates parliamentary candidates disclose crypto holdings
The disclosure will be a part of the party’s effort to show the “high moral standards” of its candidates. Go to Source
South Korean telco to launch Web3 wallet with Aptos and Atomrigs Lab
SK Telecom aims to expand its “affiliations with customer-preferred mainnets and decentralized applications (dApps)” using this tripartite agreement with the blockchain companies. Go to Source
TikTok, Snapchat, OnlyFans and others to combat AI-generated child abuse content
Major social platforms, AI companies, governments and NGOs issued a joint statement pledging to combat AI-generated abusive content, such as explicit images of children. Go to Source
Terraform co-founder Shin blames protocol for collapse during trial in S. Korea
Daniel Shin claimed he and Do Kwon parted ways before the collapse of the Terra/Luna ecosystem was imminent and he had nothing to do with it. Go to Source
South Korean regulator outlines steps to enhance digital asset legislation
The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said. Go to Source
Bank of Korea to start CBDC infrastructure pilot
The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will support it with technical expertise. Go to Source
Bankrupt CeFi firm Haru Invest hints at asset recovery
No specific timeline was given as to when users can receive their money back. Go to Source
