South Korea’s Dunamu Launches Bitcoin ‘Fear and Greed’ Index to Guide Traders
The tool is aimed to help traders make better decisions based on market sentiment. Source
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Aegis Custody Nears Finish in South Dakota Trust Charter Bid
Digital asset custodian Aegis Custody has received the South Dakota Division of Banking’s blessing to start forming a trust company in the state.The full-service digital asset shop must clear a series of minor regulatory hurdles before it can secure the trust charter necessary to do business, President Michael McCarty said.
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Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal
Cryptocurrency assets would be treated like financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act, under a draft declaration by a financial regulator.“The Declaration would have the effect that any person furnishing advice or rendering intermediary services in relation to crypto assets must be authorised under the
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South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change
South Korea’s Financial Services Commission (FSC) is seeking legal amendments that would make it mandatory for virtual asset service providers (VASPs) within the country to report the names of their customers.According to a press release from the financial watchdog on Wednesday, a proposed update to the Act on Reporting and
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South Korean financial watchdog seeks to ban privacy coins within the country
According to a Nov. 3 announcement from South Korea’s Financial Services Commission, or FSC, virtual asset service providers within the country will no longer be able to handle any digital assets that present a high money laundering risk. These updates were made as part of the guidelines under the Special
Read MoreSouth Korean telecom launches blockchain wallet for official documents
The South Korean telecom giant SK Telecom has announced it will issue its first digital wallet for blockchain-powered digital certificate storage and management with the approval of the Ministry of Public Administration and Security.According to NewsTomato, SK’s Wallet is compatible with the ministry’s own Government24 digital certificate initiative, which promotes
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South Korea’s Central Bank to Test Digital Currency With Banks in 2021
Following China's lead, the Bank of Korea is to run circulation trials of a central bank digital currency with assistance from banks. Source
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Uniswap (UNI) Likely to “Continue South” After Rejecting at Key Resistance
Uniswap’s UNI token has seen a serious selloff throughout the past few hours, causing its price to revisit
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Mandatory KYC verification may contradict privacy laws in South Korea
With the South Korean government preparing to implement know-your-customer (KYC) and anti-money laundering (AML) compliance processes, there is confusion among legal experts as to whether the requirements contradict other laws.According to Digital Today, the new requirements would contravene the existing Personal Information Protection Act, which stipulates that local companies cannot
Read MoreSouth Australian food and wine tracing platform teams up with Hedera
The Australian government-backed agricultural supply chain platform Entrust has announced it will operate on Hedera Hashgraph — a distributed ledger platform claiming a transactional throughput of 10,000 transactions per second.South Australia’s premier, Steven Marshall, officially launched Entrust on September 20, describing the platform’s initial focus as protecting the wine and
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