The South Korean government has allowed corporate institutions to participate in the cryptocurrency market.
The Financial Services Commission has confirmed a step-by-step approach to ensuring financial stability and investor protection.
Law enforcement agencies will be the first to use real-name accounts to sell confiscated crypto assets.
South Korea plans phased corporate access
The FSC has presented a step-by-step plan for companies to access digital asset markets. Real-name accounts for sales purposes will be available to government agencies starting in the first half of 2024. This system will allow institutions to access crypto assets under the supervision of regulatory authorities.
It is planned that law enforcement agencies will become the first users of this system when they need to sell confiscated cryptocurrency assets. The National Tax Service and the Korean Customs Service participate in this system.
University institutions and charities will receive permission to exchange their donations in cryptocurrency for standard currency in the second quarter of this period.
Crypto Exchanges will Have Access to Cash Conversion
The authorities have approved cryptocurrency exchange operations, in which commissions are converted into bank funds. The reform allows businesses to convert their commissions into money to pay salaries to employees and fulfill tax obligations.
To prevent situations involving large-scale transactional conflicts, the FSC will develop special sales recommendations. The financial authorities will check the conversion procedures in accordance with the current financial legislation.
Institutional investors will join in the second half of the year
South Korea will introduce a pilot program for institutional investors in the second half of 2024. Under this program, selected corporations will be able to open trading accounts in real names to make crypto investments.
To make this transition happen, FSC has established partnerships with more than 3,500 authorized companies. The authorities prefer existing businesses that have experience working with high-risk financial products.
New rules for cross-border transactions
All corporate institutions that carry out international cryptocurrency transfers must adhere to strict FSC regulatory standards. International trading activities will fall under the jurisdiction of the Law on Foreign Exchange Transactions.
Government agencies will create systems that will allow tracking international transactions and reporting. The Government has taken measures to curb money laundering and other criminal financial transactions.
The adopted rules protect investors and ensure compliance with fair market standards.
The South Korean government has made important policy changes by allowing financial institutions to participate in crypto trading. The gradual implementation strategy makes it possible to regulate corporations' access to digital asset transactions.
Do you think this step will make South Korea a leading country in the field of institutional crypto trading?
#cryptocurrencies #crypto

📌 Cryptocurrencies related to CBDC and financial infrastructure:

1. $XRP (Ripple)
- Use: Interbank settlements, cross-border payments.
- Features: Ripple actively collaborates with central banks and financial institutions for integration with CBDC.
2. $XLM (Stellar)
- Use: Payments and transfers, including CBDC.

Michigan Proposes a Cryptocurrency Reserve Account
A new bill introduced in the Michigan House of Representatives would allow the state to invest in cryptocurrencies and even lend them out to increase returns for state funds.
📌 Michigan now becomes the 20th U.S. state to introduce legislation focused on cryptographic reserves.
HB 4087 Bill: A New Strategy for Bitcoin Reserves
On February 13, Representatives Bryan Posthumus and Ron Robinson introduced HB 4087, a bill aimed at amending state laws on governance and budgeting to allow the creation of strategic Bitcoin reserves.
📌 If passed, Michigan will join other states considering crypto as part of their official investment strategies.
📌 A similar bill was proposed on February 12 by Texas Senator Charles Schwertner.
Posthumus emphasized that Michigan should follow Texas’ lead and become a frontrunner in crypto policy.
What Does the Bill Allow?
📌 The state treasurer would be allowed to invest in cryptocurrencies using the general fund and the economic stabilization fund, with a maximum cap of 10% allocated to crypto.
📌 The bill does not specify which cryptocurrencies the state would be able to hold in reserve.
📌 The state could also lend out cryptocurrencies, provided it does not pose additional financial risk.
🔹 Crypto assets would be securely held through regulated investment institutions or approved exchange-traded products (ETPs).

Michigan Already Has Exposure to Crypto ETFs
📌 Michigan’s state pension fund is already invested in Bitcoin and Ethereum ETFs.
📌 Posthumus also introduced the idea of a state-backed stablecoin, “MichCoin,” which he suggested would be backed by Michigan’s gold and silver reserves.
The U.S. and the Rising Trend of Crypto Reserves
📌 Michigan is now one of 20 U.S. states that have crypto reserve legislation under review.
📌 Texas recently introduced its own bill, allowing the state to invest in and trade crypto assets.
📌 North Dakota remains the only state to have rejected crypto investment legislation.
🚀 Could Michigan become a new crypto adoption hub in the U.S.?

#CryptoRegulation , #cryptocurrencies , #CryptoNewss , #CryptoAdoption

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

ADA Remains a High-Risk, High-Reward Asset
Cardano (ADA) has surged back into the spotlight with a 14% increase in just four days.
📌 ADA is still 75% below its all-time high – could it repeat its explosive 2021 rally?
📌 The current price surge may be another hype-driven cycle, making it vulnerable to quick market manipulation.
Cardano at a Crossroads: Will It Hold Key Support?
Like many other cryptocurrencies, ADA is struggling to maintain key psychological levels, while its rapid price swings keep investors on edge.
📉 Since dropping below $1, ADA has recorded three consecutive lower lows, reinforcing its downward trend.
📌 In the past 96 hours, whales have offloaded over 70 million ADA tokens, increasing the risk of losing support in the $0.70–$0.65 range.
📌 This massive sell-off suggests that ADA’s recent double-digit gains may be just another hype cycle.
🔹 If ADA consolidates at this level, it could set the stage for a bullish breakout similar to 2021.
🔹 In its previous cycle, ADA surged to an all-time high of $3.10, delivering a 630% yearly gain.
📌 However, with market sentiment still uncertain, ADA remains highly volatile, and its next move is unclear.

What’s Next for Cardano?
Cardano continues to face high volatility, making it a risky investment—at least for now.
📌 The ADA/BTC pair is showing signs of stabilization, but it’s still far from reclaiming key levels needed for a real recovery.
📌 A major 10x leveraged liquidity fund at $11.60 is at risk of liquidation, as ADA is hovering just 12% above the critical $0.69 level.
🔹 A repeat of ADA’s massive 2021 rally to $3.10 seems unlikely at this point.
🔹 Holding the current level is crucial for ADA to reclaim $1.
🔹 If selling pressure persists and volatility remains high, ADA could be on the verge of finding a new lower support level.

🚀 Will ADA hold its value and bounce back, or is another decline on the horizon?

#Cardano , #ADA , #Altcoin , #cryptocurrencies , #priceprediction

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Mr. Kintenz will succeed Rostin Benham as head of the Commission, if elected, after a Senate hearing and confirmation.

This investment fund manager has experience at the CFTC and served as a Republican commissioner from August 2017 to September 2021.
Mr. Kintenz will clearly take a pro-cryptocurrency viewpoint. In a post on website X after his nomination was revealed, Mr. Kintenz said: This agency is also well positioned to ensure that the US leads the world in #blockchain technology and innovation
Revolving door between #cryptocurrencies and government The blockchain industry will be a focus under the leadership of Quintenz, whose experience is seen by some as a revolving door, a trend of former federal officials going straight into positions such as lobbyists, consultants and strategists, Open Secrets reported.
This transfer of influence from industry to government and vice versa is not limited to the #cryptocurrency industry, but the blockchain lobby has come under particular scrutiny in recent years by those who follow the phenomenon.
With experience in both the public and private spheres, Kintenz has been through the revolving door himself.
He began his political career as a policy advisor to Congresswoman Deborah Price. He then moved into the financial industry, working as an analyst at Hill Townsend Capital and a managing director at Saekram Capital Management.
In 2016, former U. S. President Barack Obama nominated him to be a CFTC commissioner, and under the first Trump administration According to Timi Ivayemi, director of research for the
Revolving Door Project, KINTENS will also push for the CFTC to approve Carsey's application to become the first exchange to trade event-driven contracts. He said.

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#CryptoNews #news

U.S. President Donald Trump has nominated Jonathan Gould, a former cryptocurrency company executive, to head the Office of the Comptroller of the Currency (OCC), the nation's banking regulator.

February 11, the White House submitted his nomination to the Senate. If confirmed, Gould will serve as Comptroller of the Currency for five years.
Gould is a former general counsel at Bitfury, a #blockchain infrastructure company, and is currently a partner at Jones Day. He previously served as Senior Deputy Comptroller and General Counsel of the OCC from late 2018 to mid-2021 in the Trump administration, and prior to that was a director of #BlackRock from 2014 to 2018.
OCC works to ensure the safety of the U. S. banking system, with large banks It regulates and supervises all U. S. national banks that are members of the Federal Reserve System, including JP Morgan Chase and Bank of America.
Christine Smith, executive director of the #Cryptocurrency Blockchain Association, said in a statement to website X that Gould is Avichal Garg, co-founder of investment firm Electric Capital, told website X that Gould's appointment is an important step toward improving financial health.
Mr. Garg added that Mr. Gould wants fair banking access for cryptocurrency companies and is against Operation Chokepoint 2.0.
Speaking at a March 2023 House Financial Services Subcommittee on Digital Assets hearing on the Biden administration's approach to #cryptocurrencies , Mr. Gould said that regulatory actions taken at the time had a "chilling effect" on banks' ability to engage in cryptocurrency activities and that he was "opposed to digital
Gould's candidacy comes as Trump administration officials recently explored the possibility of including the Federal Deposit Insurance Corp. in the Department of Financial The Wall Street Journal reported on Feb. 11 that a source said the nomination was in response.

Another notable recent nominee is John Hurley, nominated by Trump on Feb.

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#CryptoAdoption

US CPI data released: how will it affect the cryptocurrency market? The U.S. Bureau of Labor Statistics (BLS) released data on the consumer price index.

leading #cryptocurrencies , including #Bitcoin , Ethereum and #XRP , changed by -2.74%, -3.27% and -2.45%.
the U. S. Bureau of Labor Statistics (BLS) released data on the consumer price index for January 2025. Consumer Price Index (CPI) data for January 2025 has just been released. This statistic provides important insight into inflation trends, potential monetary policy changes, and their direct impact on financial markets such as Wall Street and cryptocurrencies.
Let's take a look at how the #cryptocurrency markets have reacted.
Consumer Price Index data: Is the figure in line with expectations?
According to the latest data released by the Bureau of Labor Statistics (BLS), the Consumer Price Index rose 0.1% in January 2025, compared to Wall Street's forecast of 0.3%. On a year-over-year basis, the index rose 2.9%. On the other hand, the core CPI, which excludes food and energy prices, came in at 3.3% from the previous reading of 3.2%, well below the Fed's 2% target.
These inflation data, comments from Fed Chairman Powell and new tariff data from the Trump administration will play an important role in determining the direction of interest rates in the US.
How did the cryptocurrency market react? The overall market volume amounted to -1.6%, while intraday trading volumes showed a difference of 3.93%. As for the major cryptocurrencies Bitcoin, Ethereum, and XRP, the price of BTC fluctuated by -2.74%, ETH by -3.27%, and XRP by -2.45%.
In his post X, cryptocurrency proponent Michael Van de Poppe noted that it will take time. He noted that it will take time for the market to recover.
What is the current CPI level?

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#InvestSmart

World Liberty Financial launches Reserve macro strategy to strengthen its holdings of major cryptocurrencies and manage market risk.

Reserve seeks to bridge traditional and decentralized finance by attracting large financial institutions and increasing #blockchain visibility.
WLFI focuses on transparency and community engagement and encourages its members to learn about and contribute to the draft macro strategy at the Governance Forum
#DeFi platform, World Liberty Financial (WLFI) WLFI) announced the launch of a new macro strategy reserve. The initiative aims to strengthen the platform's position in major #cryptocurrencies such as Bitcoin and Ethereum and provide a solid financial foundation to overcome market volatility. The Macrostrategic Reserve is designed to support major digital assets and manage market risk through asset diversification.
Dear WLFI Community,
the Macrostrategic Reserve is a strategic #token reserve that bridges traditional and decentralized finance. WLFI plans to collaborate with leading financial institutions to contribute tokenized assets to the reserve to raise awareness of blockchain in the community and promote innovative marketing opportunities.
This collaboration will enable WLFI's holdings to be The goal is to create a sustainable financial ecosystem by diversifying assets into a variety of tokenized assets.
The launch of the macro strategic reserve
is expected to have a significant impact on the DeFi market. By integrating traditional and decentralized funding, WLFI aims to increase stability, promote growth and build trust in the crypto community. With
WLFI's reserve, WLFI will be able to invest in innovative projects, support ecosystem development, and capitalize on new opportunities in the DeFi market.
WLFI emphasizes its commitment to transparency and long-term sustainability.

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#CryptoAdoption