News with the tag "Crypto Regulations"

South Korea's stringent currency controls, stemming from the 1997 Asian financial crisis, hinder the development and cross-border use of a won-backed stablecoin, limiting digital currency innovation in the country.

The U.S. SEC's clarification that liquid staking activities are not considered securities provides regulatory relief and boosts innovation in the DeFi sector.

The Philippines SEC has issued a stern warning to 10 unauthorized crypto exchanges, enforcing new regulations to ensure compliance with the country's legal framework for a secure digital asset ecosystem.

South Korean crypto exchange Coinone is conducting a groundbreaking digital asset sale under new regulations, marking a significant milestone for the country's crypto ecosystem.

South Korea is establishing a joint task force to develop comprehensive regulations for the crypto lending sector, aiming to enhance transparency, risk management, and investor protection while learning from past industry failures.

Indonesia is implementing significant changes to its crypto tax framework effective August 1, aiming to formalize the market, generate revenue, and align with global digital asset regulations.

The Hong Kong Monetary Authority (HKMA) has finalized its regulatory framework for stablecoin issuers, with guidelines effective from August 1, aiming to gradually drive digital transformation while warning against unlicensed claims and scams.

RAKBANK, with AED 88.3 billion in assets, is the first conventional bank in the UAE to offer Bitcoin and cryptocurrency trading services to retail customers, enhancing digital currency accessibility and the UAE's fintech leadership.

South Korean crypto exchanges have significantly reduced listings of 'kimchi coins'—locally issued cryptocurrencies—due to stricter regulatory compliance under the Act on Reporting and Using Specified Financial Transaction Information since 2021, leading to a more selective and safer market.

Georgia is recognized as one of the top 10 bitcoin-friendly countries with favorable tax policies and regulations aimed at developing its crypto ecosystem.