South Korea’s Financial Services Commission (FSC) has rejected plans to create a national Bitcoin reserve. The decision comes as U.S. President-elect Donald Trump pushes pro-crypto policies. FSC Chairman Kim Byung-hwan expressed caution, prioritizing investor protection over rapid adoption. 📢JUST IN: SOUTH KOREA'S FINANCIAL SERVICES COMMISSION (FSC) DROPS PLANS TO ESTABLISH
The Financial Sector Conduct Authority (FSCA) of South Africa has awarded VALR, the Pantera-backed cryptocurrency exchange with its headquarters located in Johannesburg, both a Category I and Category II license to operate as a Crypto Asset Service Provider (CASP). With this accomplishment, VALR becomes one of the first platforms for
Financial authorities in South Africa have recently demanded that cryptocurrency exchanges register by the end of the year or risk legal action. By the end of the year, South Africa’s Financial Sector Conduct Authority has mandated that cryptocurrency exchanges submit applications for operational licenses. Since accepting applications for licenses began
While it is true that BRICS countries have expressed their desire to reduce the dominance of the US dollar in international trade and finance, it would be an exaggeration to say that they are “racing” to achieve this goal. The BRICS countries have been exploring alternatives to the US dollar
On Thursday, BRICS gathered to address the issues happening across the international agenda as started with ‘an exchange of views’, in South Africa. The meeting comprises the foreign ministers from five member nations including Brazil, Russia, India, China, and South Africa at Cape Town. Discussion Details at the Meet The
South Africa’s largest political party, Democratic Alliance (DA) released an application regarding the surrender of President Vladimir Putin in South Africa, this Monday. This is with regard to the presence of Putin in the upcoming BRICS summit followed by the surrender to the International Criminal Court (ICC). The application was
South Africa soon to bring out new crypto regulations. Announced officially regarding the news. Mixed reviews among the citizens of South Africa. As the crypto regulations have so far played a major role in deliberating the crypto industry of a nation, new regulations and revised ones are also on the
The FSCA declared plans to build a regulated framework. ByBit has expressed a readiness to seek authorization. According to South Africa’s financial watchdog, consumers should be “cautious and vigilant” while dealing with crypto exchanges FTX and Bybit. FTX is not permitted to deal in contracts for difference (CFDs), which are
