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Beyond the details provided by the official announcement, the timing of the alliance between South Korea's third-largest internet-only bank and a public blockchain says a lot.
On June 19, Toss Bank, an online-only bank in Korea, and the Solana Foundation, an organization that supports Solana,
Taiwan's legislature gave final-reading approval to the Virtual Asset Service Act on June 30, establishing the island's first dedicated cryptocurrency statute and designating the Financial Supervisory Commission as sole regulator — a decisive shift from the light-touch anti-money-laundering registration framework that had governed the sector since 2021, Focus Taiwan
The UK's Financial Conduct Authority has finalized a broad crypto rulebook that brings exchanges, wallets, custodians, staking services and qualifying stablecoin issuers into a full authorisation regim...
Open Standard, a new consortium of more than 140 companies spanning payments, banking and crypto, announced Open USD (OUSD) on June 30, a stablecoin structured to be owned and governed by the businesses that use it rather than run for the profit of...
As the transition window for Europe's MiCA approaches its conclusion, Indonesia has taken a significant step by granting its banking regulator broad new powers concerning cryptocurrencies.
The timing is not coincidental; it suggests that offshore bitcoin exchanges are approaching the end of a significant chapter across multiple continents simultaneously.
In respon...