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Director Lee Hyun-deok at Seoul Fintech Week discussing virtual assets.
financial regulation

Korean Financial Regulator Discusses Virtual Assets Market Growth Prospects

At Seoul Fintech Week 2024, Director Lee Hyun-deok emphasized the future growth and regulation needs of the virtual assets market, highlighting the recently adopted Virtual Asset Act.

Artificial IntelligenceHong Kong Chief Executive John Lee announcing $10 billion fund for technology innovation.

Hong Kong Launches $10 Billion Fund to Enhance Innovation and Technology

In a bid to strengthen its innovation and technology sector, Hong Kong has announced a HKD 10 billion fund aimed at attracting investments in strategic industries like AI. Chief Executive John Lee'...

cryptocurrencySouth African Revenue Service discussing cryptocurrency compliance measures.

South African Tax Authority Embraces Cryptocurrency in Compliance Initiatives

The South African Revenue Service (SARS) is integrating crypto assets into its compliance program by collaborating with the Financial Sector Conduct Authority to ensure proper tax declarations. Thi...

Cumberland DRWSEC lawsuit against Cumberland DRW for unregistered securities trading

SEC Sues Cumberland DRW for Unregistered Securities Dealings

The SEC has filed a lawsuit against Cumberland DRW, alleging operations as an unregistered securities dealer, emphasizing the need for compliance in the financial industry.

CryptocurrencySouth Korea Financial Services Commission meeting on virtual asset regulations.

South Korea's Financial Services Commission to Launch Virtual Asset Committee

The South Korean Financial Services Commission plans to create a Virtual Asset Committee to explore approvals for spot ETFs and corporate virtual accounts. This initiative aims to enhance regulatio...

cross-border transactionsSouth Korea's Ministry of Economy discussing stablecoin regulations

South Korea's Regulatory Measures for Stablecoin Cross-Border Transactions

South Korea's Ministry of Economy and Finance is exploring regulatory measures for stablecoin transactions, focusing on creating a framework for stablecoins pegged to the Korean won and enhancing c...