The FSC News Channel delivers all-encompassing coverage of everything FSC . It offers the latest news, detailed analyses, price trends and forecasts, plus the most recent changes in the market. This channel is your one-stop source for comprehensive, up-to-date insight into the world of FSC . Providing traders with the knowledge necessary for informed trading strategy and decision-making, it blends information with analysis, providing a deep understanding of the market environment. The latest two news from FSC :
S Korean STO Market ‘May Be Worth $287B by 2030’,
Bank collapses are spurring interest in self-custody startups
South Korean banks think the nation’s security token offerings (STO) market could be worth $287bn by 2030, with banks “lining up” to get involved.
The implosions of Signature Bank and Silicon Valley Bank are giving self-custody startups an opportunity to prosper, according to Jan Strandberg.
zkSync is another layer-2 scaling solution or Ethereum that supports native L2 NFT and atomic swaps as well as transfers of ETH and ERC20 tokens within the Ethereum network.
Taiwan‘s Ministry of Economic Affairs (MOEA) announced the switch, changing the crypto businesses’ category, further listing them under “finance, insurance, and real estate” as “virtual currency platforms and trading businesses”, after removing them from the “software design services” category.
The South Korean legislature appears opposed to legislation that would mandate stringent reporting obligations for all cryptocurrency transactions.
Animoca Brands and Korea’s Cube Entertainment are teaming up to build an NFT metaverse.
A South Korean regulatory chief has renewed calls for stronger crypto sector policing, but an industry association has warned that billions of USD worth of damages could follow if crypto-only exchanges are allowed to go bust.
The latest development in the South Korean crypto crackdown saw the South Korean Financial Services Commission (FSC) ban Virtual Asset Service Providers (VASP) and their employees from trading their platforms’ Native tokens.
The four crypto exchanges that would now legally operate under the new guidelines would include Upbit, Bithumb, Coinone, and Korbit.
Crypto traders in South Korea could reportedly lose assets worth more than $2.6 billion as the country’s digital asset exchanges stare down the barrel of impending regulations that could have a large impact on the crypto industry.
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