SOUTH KOREA REGULATOR PUBLISHES GUIDANCE ON DEFINING SECURITY TOKENS |1300 HKT | 0600 UKT | 7 February 2023

by Александр Пирогов | Feb 7, 2023 | Blog News

South Korea’s Financial Services Commission (FSC) published a press release on 6 February to provide guidance on classifying certain digital assets as security tokens. For instance, it includes a token that represents an equity interest in the business operation,...

UK CONTINUES ITS WORK ON THE POSSIBLE LAUNCH OF THE COUNTRY’S DIGITAL POUND |1300 HKT | 0600 UKT | 7 February 2023

by Александр Пирогов | Feb 7, 2023 | Blog News

The UK Treasury and Bank of England are working on a possible launch of digital pound backed by the country’s central bank by the end of this decade. The digital pound issued will be backed by the Bank of England and stored in a digital wallet account operated by...

BINANCE INVESTS IN SOUTH KOREAN CRYPTO EXCHANGE GOPAX TO HELP SECURE CUSTOMERS’ WITHDRAWALS |1300 HKT | 0600 UKT | 7 February 2023

by Александр Пирогов | Feb 7, 2023 | Blog News

Crypto exchange Binance announced on 3 February that it had acquired a majority stake in the South Korean crypto exchange Gopax. The acquisition is part of its Industry Recovery Initiative to support industry players negatively influenced by the crypto turmoil last...

CLASS-ACTION LAWSUIT AGAINST COINBASE FOR SELLING UNREGISTERED SECURITIES WAS DISMISSED WITH PREJUDICE |1300 HKT | 0600 UKT | 3 February 2023

by Александр Пирогов | Feb 3, 2023 | Blog News

A class-action lawsuit against Coinbase Global Inc under federal securities law alleging the exchange sold unregistered securities and failed to register as a broker-dealer was dismissed by the US District Judge Paul Engelmayer on 1 February. The judge denied the...

INDONESIA TO SET UP A NATIONAL CRYPTO EXCHANGE BY JUNE 2023 |1300 HKT | 0600 UKT | 3 February 2023

by Александр Пирогов | Feb 3, 2023 | Blog News

Indonesia’s Trade Minister Zulkifli Hasan revealed the government’s plan to launch a national crypto exchange by June this year at the opening of Crypto Literacy Month held in Jakarta. The new target is later than the government’s initial plan to roll out the exchange...

MEMBRANE FINANCE LAUNCHES THE FIRST EU-REGULATED CRYPTO STABLECOIN |1300 HKT | 0600 UKT | 3 February 2023

by Александр Пирогов | Feb 3, 2023 | Blog News

Finnish Fintech company Membrane Finance announced the launch of EUROe on 2 February, saying it is the Europe’s first EU-regulated full-reserve stablecoin. According to the blog post published by the company, EUROe is pegged to the EUR placed in a European financial...