South Korea excludes NFTs, CBDCs from crypto interest mandate
Users who deposit digital assets to exchanges in South Korea will be eligible to receive interest on their deposits. Go to Source
South Korea
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Italy and South Korea central banks agree on CBDC cooperation
The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of their respective CBDCs. Go to Source
South Korean financial authorities solicit reports on unlicensed crypto exchanges
Financial regulators in South Korea have opened a window of time for people to come forward and report any unlicensed cryptocurrency exchanges operating in the country. Go to Source
South Korea to invite 100,000 citizens to test CBDC in 2024
Participants will be restricted to using the CBDC only for payment, without an option to store, exchange, or send it to other users. Go to Source
US regulators continue to discuss crypto: Law Decoded, Nov. 13–20
Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected. Go to Source
South Korea’s pension fund bags 280K Coinbase shares: SEC data
South Korea’s National Pension Service, one of the world’s largest pension funds, invested $20 million in Coinbase in Q3 2023. Go to Source
Democratic Party of South Korea mandates parliamentary candidates disclose crypto holdings
The disclosure will be a part of the party’s effort to show the “high moral standards” of its candidates. Go to Source
South Korean telco to launch Web3 wallet with Aptos and Atomrigs Lab
SK Telecom aims to expand its “affiliations with customer-preferred mainnets and decentralized applications (dApps)” using this tripartite agreement with the blockchain companies. Go to Source
TikTok, Snapchat, OnlyFans and others to combat AI-generated child abuse content
Major social platforms, AI companies, governments and NGOs issued a joint statement pledging to combat AI-generated abusive content, such as explicit images of children. Go to Source
Terraform co-founder Shin blames protocol for collapse during trial in S. Korea
Daniel Shin claimed he and Do Kwon parted ways before the collapse of the Terra/Luna ecosystem was imminent and he had nothing to do with it. Go to Source
