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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Oklahoma State Senator Dusty Deevers has introduced the Bitcoin Freedom Act, allowing employees to receive wages in Bitcoin as a response to inflation and the declining value of the US dollar. The bill, SB325, aims to position Oklahoma as a leader in financial technology by enabling businesses to accept Bitcoin payments. Deevers emphasized Bitcoin's potential as a hedge against inflation, advocating for a shift towards embracing cryptocurrency in the state's economy.
South Korea's Financial Services Commission (FSC) plans to ease restrictions on institutional crypto investments, allowing legal entities to invest in cryptocurrencies this year. The FSC will consider issuing real-name accounts to corporations and aims to enhance collaboration between financial institutions and fintechs. Additionally, the regulator is set to promote the Virtual Asset User Protection Act and improve self-regulation to protect investors while aligning with global crypto regulations.
South Korea's financial regulator plans to gradually ease restrictions on institutional crypto trading, allowing access to local markets, particularly for non-profit organizations. This move follows the Virtual Asset User Protection Act, aimed at preventing unfair trading practices after significant losses from events like the FTX crash. The Financial Services Commission will implement these changes in phases, focusing on establishing listing standards and regulations for stablecoins and token listings.
South Korea is poised to ease its restrictions on institutional crypto trading, allowing access to local exchanges for non-profit organizations as part of a broader effort to support the crypto sector. This shift follows the enactment of the Virtual Asset User Protection Act, aimed at enhancing investor safeguards and combating crypto crime, including severe penalties for scams exceeding $4 million. However, recent political turmoil and the declaration of martial law have stalled critical reforms, including the legalization of securities token offerings and the introduction of real-name corporate accounts.
Dae-young Kwon
People
11:07 09.01.2025
11:00 09.01.2025
10:22 09.01.2025
12:32 08.01.2025
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