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South Korea’s first cryptocurrency regulatory framework is now in full effect, with a focus on ensuring the safety of cryptocurrency investors. The new law, the Virtual Asset User Protection Act, was officially approved on July 18, 2024, and was given a one-year grace period to refine regulatory details. The bill imposes stricter requirements on digital asset exchanges, and service providers in South Korea are now legally obligated to store at least 80% of user cryptocurrency deposits in cold wallets separated from their own funds. Exchanges must also entrust users’ cash deposits to local licensed banks for safekeeping and maintain cryptocurrency reserves equal to the amount and type of customer deposits. In addition, crypto services in South Korea must now take out adequate insurance or establish reserve funds to deal with hacker attacks or liquidity crises.
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#币安HODLer空投BANANA #拜登退选 Just two days ago, Trump, who was once skeptical of cryptocurrencies, told Bloomberg Businessweek that he turned to the industry because "if we don't do it, China will take over, or other countries, but it will probably be China. China takes this very seriously." $SOL $BNB $ARB
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#香港加密货币ETF #山寨季何时到来? We often say that we need to care about the financial needs and concepts of the younger generation. How do they view wealth, how do they view money, and how do they invest? What role will the Hong Kong dollar and Hong Kong play in the Web3 era? How can Hong Kong consolidate its position as a financial center? The Hong Kong dollar stablecoin undoubtedly plays an important role in answering these questions. $BTC $STRK
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#比特币大会 #拜登退选 #美联储何时降息? There are several common crypto business models: exchanges and marketplaces, trade sorting, and asset management. $BTC $ARB
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#拜登退选 #web3空投 #WIFT突破新高 The Golden Music Festival will make its grand debut in Bangkok, Thailand. We sincerely invite people from inside and outside the industry to gather in Siam and experience the infinite charm of Web3 in the Southeast Asian style. In the evening breeze and moonlight, you can clink glasses and ask questions, and take the pulse of the industry prospects under the top lights. The Golden Music Festival has become an important weather vane for the Web3 industry and plays an important role in promoting the development of the Web3 industry. As the prospects of the Web3 industry become clearer, the Golden Music Festival will continue to play its positive role and contribute to the prosperity and development of the Web3 industry. The Golden Music Festival will meet the guests' ultimate expectations for audio-visual through a variety of interactive experiences, food and wine!
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