Law Decoded: India ponders going full China on crypto, Nov. 22–29
The world’s sixth-largest economy could adopt a hardline stance against decentralized cryptocurrencies as soon as this winter. Go to Source Powered by WPeMatico
South Korea
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South Korea embraces the proto-Metaverse
South Koreas will be immersed in the Metaverse sooner than later, as industries and public services begin rolling out virtual avatars and applications across the country. Go to Source Powered by WPeMatico
South Korean lawmakers push back against controversial “know-the-sender” rule
If passed, more stringent reporting requirements would apply to domestic and international transactions, which some say would damage the growth of the industry. Go to Source Powered by WPeMatico
Animoca Brands unveils plans for K-pop NFT metaverse
Animoca Brands has announced it will partner with Korean record label Cube Entertainment to build a “K-pop metaverse.” Go to Source Powered by WPeMatico
Ukraine Security Service Busts Criminal Group Selling Bitcoin-Stealing Malware
Law enforcement authorities in Ukraine have exposed a crime ring specializing in cryptocurrency theft and laundering of illicit funds for hackers. The gang, which provided services to clients on the darknet, has been dismantled as a result of a joint operation carried out with the United States. Cybercriminals From Ukraine Launder Millions, Offer Flash Drives … Read more
South Korean pension fund to invest in Bitcoin ETF: Report
KTCU plans to invest in Bitcoin ETF products after consultation with domestic asset managers,” an exec reportedly said. Go to Source Powered by WPeMatico
Asian CBDC projects: What are they doing now?
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar? Go to Source Powered by WPeMatico
South Korean opposition set to tackle controversial crypto tax law
Opposition lawmakers are seeking a one-year delay in the enactment of the law as well as a lowering of the tax burden on crypto traders. Go to Source Powered by WPeMatico
Chinese blockchain project BSN expands to Turkey and Uzbekistan
Chinese blockchain project BSN comes to Turkey and Uzbekistan after launching the BSN Hong Kong and Macau portal. Go to Source Powered by WPeMatico
Korean crypto exchange Upbit to halt withdrawals for unverified users
Major South Korean crypto trading platform Upbit will start gradually limiting services for unverified users this week. Go to Source Powered by WPeMatico