Philippines to Launch Non-Blockchain CBDC in Two Years
According to Eli Remolona, the governor of Bangko Sentral ng Pilipinas (BSP), the Philippines is moving closer to introducing a non-blockchain central bank digital currency (CBDC) in the next two years. The proposal, revealed on February 12, is in line with worldwide trends in which regulators are investigating digital tokens as a stable value holder […]
South Korea FIU To Expel ‘Unsuitable’ Crypto Exchanges in 2024
The Financial Intelligence Unit (FIU) of South Korea has announced publicly that, beginning in 2024, it will increase scrutiny over cryptocurrency exchanges and expel platforms considered “unsuitable” from the domestic market. The Korea Times reported on February 12 that the FIU additionally aims to broaden the range of screening protocols utilized in the cryptocurrency market […]
Siwon Clears His Name in Crypto Scam Allegations
Siwon, a member of the popular K-pop group Super Junior, has refuted the rumors that he was involved in a fraudulent cryptocurrency scheme by a company called Youth Pay, which is linked to the Korea Youth Committee. Siwon, a famous singer and actor who is part of the K-pop sensation Super Junior, has issued a […]
Crypto Fear and Greed Index Reaches ATH Since Over 2 Years
Crypto Fear and Greed Index has reached an all-time high score of 79, levels not seen since Bitcoin’s all-time highs in November 2021. The Crypto Fear and Greed Index peaked at 79 on February 13, according to data from the website Alternative.me. This is the highest level since mid-November 2021 when the Bitcoin price peaked […]
Isle of Man Considers Including Crypto in ‘Investment’ Definition
Crypto Firms on the Isle of Man Face Qualification Requirements which were not originally developed for the cryptocurrency market. A renowned offshore financial center and self-governing British Crown Dependency, the Isle of Man has initiated a public consultation regarding the future of its cryptocurrency regulation. The local Financial Service Authority (FSA) released a discussion document […]