November 22, 2024

Tag: e5e7ef

South Korea to regulate cross-border crypto trades by 2025
 #CashNews.co
Crypto

South Korea to regulate cross-border crypto trades by 2025 #CashNews.co

Cash News South Korean authorities are preparing to regulate cross-border digital asset transactions beginning in late 2025, according to an Oct. 25 report by Reuters. The Ministry of Finance announced that the new regulations will require registration and reporting for businesses in Korea involved in cross-border crypto trades. Under this framework, Korea-based companies facilitating digital […]

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BIS urges caution as finance industry embraces asset tokenization #IndustryFinance
Industries

BIS urges caution as finance industry embraces asset tokenization #IndustryFinance

CashNews.co The Bank for International Settlements (BIS) has issued a cautionary report as traditional financial institutions accelerate their exploration of tokenization, raising concerns over governance, legal frameworks, and financial stability. Tokenization, which converts real-world assets (RWA) like property and securities into digital tokens, has drawn attention for its ability to streamline transactions and reduce costs. […]

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