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South Korea Cracks Down on Cryptocurrency, Credit Card Purchases Banned

At the beginning of January 2023, the Financial Services Commission (FSC) of South Korea made several decisions that were quite important. A legislative notice that was published on January 3 brought to light the worries of the Financial Services Commission (FSC) over the possibility of money laundering and illegal financial outflows that are associated with … Continue reading South Korea Cracks Down on Cryptocurrency, Credit Card Purchases Banned

South Korea May Reconsider Stance on Bitcoin ETFs

South Korea’s Presidential Office has taken a proactive stance regarding the trading of Bitcoin exchange-traded funds (ETFs). This development emerges just a week after the Financial Services Commission (FSC), the nation’s principal financial regulator, warned against the trading of U.S.-based spot Bitcoin ETFs. The Office of the President of the Republic of Korea, also known … Continue reading South Korea May Reconsider Stance on Bitcoin ETFs

Senator Lummis Advocates for Clear Crypto Regulations

U.S. Senator Cynthia Lummis (R-WY) has recently reaffirmed her support for the cryptocurrency industry, underscoring that the primary issue lies with bad actors, not the assets themselves. This stance was highlighted during a heated exchange with Senator Elizabeth Warren over the financial implications of cryptocurrencies compared to traditional fiat currencies​​​​. She stated, $900 million in … Continue reading Senator Lummis Advocates for Clear Crypto Regulations

NVIDIA and NSF Launch Groundbreaking NAIRR AI Research Initiative

NVIDIA and the United States National Science Foundation (NSF) have embarked on a journey to significantly advance the field of artificial intelligence (AI). This partnership, under the banner of the National Artificial Intelligence Research Resource (NAIRR) pilot, aims to broaden access to the tools necessary for responsible AI discovery and innovation. NVIDIA, a leader in … Continue reading NVIDIA and NSF Launch Groundbreaking NAIRR AI Research Initiative

SEC Chair Gary Gensler Addresses X Account Hack and Security Measures

On January 9, 2024, the financial world was briefly thrown into confusion when the U.S. Securities and Exchange Commission’s (SEC) X account (formerly Twitter) was compromised, leading to the unauthorized publication of tweets falsely claiming the SEC had approved spot Bitcoin exchange-traded funds (ETFs). This incident, which occurred shortly after 4:00 pm ET, involved an … Continue reading SEC Chair Gary Gensler Addresses X Account Hack and Security Measures

South Korea's Police Agency Requests INTERPOL's Assistance for Extradition of Terra's Do Kwon

South Korea’s National Police Agency has officially requested the International Criminal Police Organization’s (INTERPOL) assistance to extradite Do Kwon, the CEO of Terraform Labs, back to his home country. This development comes in the wake of a Montenegrin court’s decision to overturn a prior ruling for Kwon’s extradition to the United States, favoring a potential … Continue reading South Korea's Police Agency Requests INTERPOL's Assistance for Extradition of Terra's Do Kwon

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