South Korea’s financial sector has made yet another important move toward digital assets through a groundbreaking corporate deal this week. Mirae Asset Consulting, an affiliate of Mirae Asset Financial Group, has concluded its acquisition of cryptocurrency exchange Korbit and become the largest shareholder in the company by completing all necessary
The White House has recently upped the ante in working on the CLARITY Act, as the Senate will go into an August recess and so will keep its main adviser in the sphere of digital assets in town. The Executive Director of the President’s Council of Advisors for Digital Assets,
The White House is about to lose its primary crypto negotiator at a crucial time for U.S. digital asset legislation. Patrick Witt, who is the executive director of the White House Crypto Council, will be starting his military training with the Georgia Army National Guard by the end of this
The Hong Kong government has not issued any HKD stablecoin licenses, despite earlier commitments to begin the approval process in March this year. The HKMA is still reviewing the applications and has not announced any approvals. Also, stretching the deadline beyond the earlier stated timeframe by the officials. The officials,
The SEC Chairman, Paul Atkins, recently confirmed the proposed timeline for introducing a tokenization innovation exemption during a House hearing. As reported by Eleanor Terrett, this proposal seeks to facilitate blockchain-based financial innovation. Also, ensure compliance with existing securities laws and regulatory requirements across the United States. The SEC Chairman
Ripple, the company behind the XRP coin, has conducted a survey of more than 1,000 global finance leaders across banks, asset managers, fintechs, and corporates, in that 72% of them believe that digital asset solutions remain competitive. Their answers showed consensus on stablecoins, tokenization, and partner considerations. According to the
CoinSwitch launched Digivault to meet the rising need for safe cryptocurrency storage solutions for both retail and institutional investors across the world. The company launched this platform as part of its broader strategy to enhance the overall infrastructure for digital asset management. Digivault mainly concentrates on providing security for investments
Standard Chartered and Hana Group have announced a collaboration. Their core objective is to advance the business of digital assets. This includes not only generic cryptocurrencies but also stablecoins. The mutual exploration of a joint initiative in the digital asset sector comes months after Hana Group and BitGo entered into
Morgan Stanley has applied for a de novo national trust bank charter with the Office of the Comptroller of the Currency (OCC), signaling a deeper push into digital asset services. The application, filed under the name “Morgan Stanley Digital Trust, National Association,” would allow the firm to custody cryptocurrencies and
Gate has secured a Payments Institution license from the financial regulator in Malta to further develop its presence in Europe. The license enables Gate to offer regulated payment services in the member states of the European Union with established compliance frameworks. Gate has confirmed that the license approval enhances its
