Meanwhile CEO: Bitcoin’s future as currency
Bitcoin thrives as digital gold. But in the long term, its biggest impact will be on business and trade naming, Meanwhile CEO Zach Townsend said.
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Bitcoin thrives as digital gold. But in the long term, its biggest impact will be on business and trade naming, Meanwhile CEO Zach Townsend said.
On February 20, 2024, the Hong Kong Monetary Authority (HKMA) issued guidelines on digital asset custody activities, listing relevant standards, including governance and risk management, customer digital asset segregation, customer digital asset protection, delegation and outsourcing wait.
The Financial Services Commission (FSC) in South Korea issued a notice emphasising the obligation for investors in digital assets to receive interest on their deposits into exchanges by July 2024. Notably, the guidance excludes nonfungible tokens (NFTs) and central bank digital currencies (CBDCs) from this regulation.
The FSC will purportedly provide policy support, encouraging periodic capability evaluations for companies to enhance their anti-money laundering measures.
Traders in Asia, particularly South Korea, are pivotal in driving an unexpected surge in digital asset market volume, with South Korean-based exchanges experiencing a substantial rise in market share.
An in-depth investigation into coin disputes, social security challenges, and Wells Fargo's scandals in the digital age.
The FSC plans to complete the revision in the second half of the year, requiring details such as type of crypto assets held, date of acquisition, quantity, and amount.
With this move, South Korea leap frogs the US and UK, both of which don’t require their high-ranking leaders to disclose crypto holdings.
The discussion will move forward next month and will include the opinions of experts and the public.
South Korea aims to form a digital asset watchdog by June, according to local media sources. The committee will oversee ...