South Korea to monitor cross-border trades with crypto

2024-10-25 10:48

South Korean authorities will impose regulations on cross-border crypto transactions, requiring businesses to register and report from mid-2025. South Korea plans to implement regulations governing cross-border transactions of virtual assets, including cryptocurrencies, with new registration and reporting requirements set to…

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cross-border south crypto regulations transactions korea assets

Источник: btcmanager.com

cross-border south → Результатов: 33


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BRICS considering a stablecoin launch for international trade settlement

BRICS member nations plan to launch a stablecoin as an alternative to the US dollar for settling cross-border transactions. BRICS pushes de-dollarization with stablecoins The bloc, which includes Brazil, Russia, China, India, South Africa, UAE, Iran, Ethiopia, and Egypt, has debated using virtual assets for global settlement for a while.

2024-4-24 21:48


South Africa’s Financial Watchdog to Regulate Crypto Assets in ‘A Phased and Structured Manner’

South Africa is ready to set crypto asset controls to curb the growing cases of fraud and scams and improve the management of cross-border flows. According to a statement by the Intergovernmental Fintech Working Group (IFWG) and the Financial Sector Conduct Authority (FSCA), the nation will start regulating cryptocurrencies with a “structured approach.

2021-6-13 17:16


“Larger Consumer Tipping Point is Coming,” Ripple’s VP of EU on XRP’s Use as a Bridge in Cross-Border Payments

Huge opportunity to capture the unbanked and underbanked, Jeremy Light XRP as a bridge currency will be a game changer RippleNet is now active in more than 40 countries across 6 continents — from Asia, Africa, North America, South America to Europe — reports international Association of Money Transfers Networks (IAMTN). A non profit organization, […]

2019-8-29 20:03


Ripple launches Brazil base to grow its blockchain payment solution

Ripple, the enterprise blockchain solution for cross-border payments, announced they have launched operations in Brazil to expand its reach within South America. In addition, Ripple is also bringing on seasoned fintech entrepreneur and executive Luiz Antonio Sacco as managing director to drive strategy and build the Ripple ecosystem in the region. It was reported that […]

2019-6-11 17:41


RippleNet’s ‘Multi-Hop’ Feature to Ease Cross-Border Transactions in S. East Asia

In traditional banking, for there to be a cross-border payment, two banks had to be directly connected on a one-on-one basis. The situation in the Association of South Eastern Asian Nations (ASEAN) was exactly this way up until the Siam Commercial Bank (SCM) –  a member of RippleNet – became the first financial institution in […] The post RippleNet’s ‘Multi-Hop’ Feature to Ease Cross-Border Transactions in S. East Asia appeared first on Ethereum World News.

2018-9-29 10:51


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South Korea to regulate cross-border crypto trades by 2025

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.

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