This week the U.S. Federal Reserve finally launched its long-awaited instant payments solution. Meanwhile, the South Korean central bank published a report outlining an important upgrade to the country’s longstanding instant payments solution.
Korean lawmakers have passed a law that sets the rules for virtual asset operators in the country. Claimed by the authors to be ‘essential’ rather than ‘holistic’, the law consolidates all drafts pending in parliament and reflects international regulatory trends.
This week the U.S. Federal Reserve finally launched its long-awaited instant payments solution. Meanwhile, the South Korean central bank published a report outlining an important upgrade to the country’s longstanding instant payments solution.
Korean lawmakers have passed a law that sets the rules for virtual asset operators in the country. Claimed by the authors to be ‘essential’ rather than ‘holistic’, the law consolidates all drafts pending in parliament and reflects international regulatory trends.
The electronics giant and the South Korean central bank this week signed an agreement to further improve the security of offline CBDC payments, following initial development of the technology during a pilot study last year.
At the request of the South Korean authorities, Interpol issued a red notice for the founder of Terra, Do Kwon. However, Kwon himself stressed that he was moving quietly and did not see his name on the Interpol’s lists. We have also checked Interpol site and could not find
South Korea is taking action against foreign VASPs for operating in the country without registration. KoFIU reported 16 cryptocurrency exchanges for working illegally.
