Hashed Ventures Reportedly Expands to Abu Dhabi Market
According to report, South Korean crypto firm Hashed Ventures has entered the Abu Dhabi market by partnering with Hub 71, the city’s tech ecosystem organization. On June 27, Bloomberg reported that Simon Seo-Joon Kim, CEO of Hashed, has announced that his company will establish an office in the city and has initiated discussions with other […]
South Korea Strengthens Crypto Regulations with User Protection Act
South Korean cryptocurrency investors should expect tighter protections next month after the government approved new legislation to protect users in the case of a crypto exchange bankruptcy. The Financial Services Commission (FSC) declared on Tuesday that the enforcement decree, scheduled to go into effect on July 19, is a component of a larger plan to […]
Hashed Ventures Announces Abu Dhabi Expansion
South Korean-based crypto firm Hashed Ventures unveiled plans to expand to Abu Dhabi, quoting the city’s regulatory policies. Hashed Ventures, a digital asset firm headquartered in South Korea, has disclosed its intention to expand to Abu Dhabi, citing broader expansion objectives. Due to its innovative and transparent crypto policies, the Abu Dhabi market continues to […]
‘User Deposits Were not Principal Protected’ – Delio CEO
The CEO of South Korean crypto yield platform Delio, Jung Sang-ho, has publicly stated that user deposits were not “principal protected” when they transferred their assets to the platform. Jung informed the audience during the second hearing of the first criminal trial, which took place on June 25 at the Seoul Southern District Court, as […]
South Korean Think Tank Calls for More Research on Crypto ETFs
A finance and economics-focused think tank in South Korea cautions users against spot crypto ETFs, calling for more research and regulatory measures. In a paper, researcher Bo-mi Lee of the Korea Institute of Finance contended that the losses in spot Bitcoin and Ether ETF results in various jurisdictions worldwide outweigh the benefits. Spot crypto ETFs […]