South Korea strengthens crypto regulation with new verification process
South Korea is on the cusp of a regulatory revolution in the crypto-currency sector. The country’s Financial Services Commission (FSC) recently proposed new amendments that could be a game-changer for crypto-currency company executives. The amendments aim to introduce a due diligence process by the regulator before any position is taken up, strengthening the FSC’s authority […]
Super Bowl 2024: AI scores a touchdown, crypto sits on the sidelines!
In an atmosphere where every second of advertising counts as a strategic breakthrough, Super Bowl 2024 promises to plunge us into a new era, that of artificial intelligence, leaving cryptocurrencies behind. This shift marks not only the evolution of the general public’s interests, but also that of the marketing strategies of major corporations. The game […]
Bankrupt Genesis aims to sell $1.6bn of Crypto assets to repay creditors
The crisis is hitting the cryptocurrency sector with full force: Genesis Global Capital, a major player in cryptocurrency lending, is now on the brink of collapse. The firm, declared bankrupt, is in turmoil and desperately seeking to liquidate a considerable portion of its assets. The petition has been filed with the U.S. Bankruptcy Court, seeking […]
Hong Kong tightens regulations on Cryptos: new deadline for VASPs
In an era of increasingly stringent cryptocurrency regulation across the globe, Hong Kong has taken a significant step towards overseeing the operations of virtual asset service providers (VASPs). The Secretary for Financial Services and the Treasury, Christopher Hui, has announced a new measure that will require all unlicensed VASPs to cease operations by May, if […]
Spain launches trials of euro-backed stablecoin
Spain is positioning itself at the forefront of the digital revolution in the European financial space with the launch of trials of EURM, a stablecoin backed by the euro, by Spanish fintech Monei. This initiative, under the supervision of the Bank of Spain, marks a significant step towards the complete digitization of payments, promising a […]