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South Korea
Sam Bankman-Fried’s Dad Has Alleged Dispute Over $200K FTX Salary; Crypto Markets Await Key Fed Decision
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto headlines today, as some crypto traders say low volatility will likely continue after Wednesday's Federal Reserve rate decision. Stanford University will reportedly return "gifts" it received from FTX. Court filings reveal alleged interactions between FTX founder Sam Bankman-Fried and his parents. And, a look at South Korean's digital asset holdings abroad.
South Koreans Hold $99B of Digital Assets Overseas: Tax Service
The crypto held abroad accounts for about 70% of all assets held outside the country.
$500B Korean Asset Manager Mirae Taps Polygon Labs in Securities Tokenization Drive
Mirae Asset Securities is teaming up with Ethereum scaling solution Polygon Labs to develop a tokenized securities network and accelerate adoption of Web3 technologies.
BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank
The Californian company will develop custody services and security solutions, local media reported.
Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report
Jeju, Busan and Incheon are in the running to be considered.
Curve Finance's Token Surges 500% on Bithumb After Major Exploit
The CRV/KRW pair listed on South Korea's Bithumb exchange has decoupled from the CRV/USD pairs listed on Western exchanges that exhibit price weakness.
South Korea Wants Companies to Disclose Crypto Holdings
Under draft rules, companies that issue or own crypto will have to make disclosures in their financial statements starting next year.
CryptoQuant Parent Raises $6.5M Round Led by Atinum Investment
The latest round brings the company's total capital raise to $9 million.
Hong Kong's Task Force for Web3 Development; South Korea Passes Crypto Bill
The Hong Kong government established a task force for promoting Web3 development, according to a press release on Friday. This comes as South Korea's National Assembly passed the Virtual Asset User Protection Act, marking the country's first step towards building a legal framework for virtual assets. "The Hash" panel discusses the state of crypto regulation in the U.S. compared to the rest of the world.
South Korea Passes Crypto Bill for User Protection
The bill marks the country's first step towards a digital asset legal framework.