ASIA: South Korea plans institutional crypto trading

South Korea is preparing to lift its ban on institutional cryptocurrency trading, signalling a significant shift in the country’s crypto market. The Financial Services Commission (FSC), South Korea’s top financial regulator, announced plans to collaborate with the Digital Asset Committee to phase in institutional trading, beginning with non-profits. Until now, only individual traders with verified accounts have been allowed to trade cryptocurrencies, as banks have been restricted from enabling institutional accounts.

The country is also eyeing broader modernisation of its digital asset landscape. Speaking at the Securities and Derivatives Market Opening Ceremony, Korea Exchange Chairman Jeong Eun-bo revealed plans to consider cryptocurrency spot ETFs by 2025, taking cues from global examples. He emphasised the exchange’s goal of expanding opportunities within the capital market.

Additionally, South Korea’s FSC is working on measures to enhance security in crypto investments. The introduction of the Virtual Asset Investor Protection Act last year demonstrates a commitment to safeguarding traders and enabling innovative tools like security token offerings.

10 January 2025

US: Ferguson ‘skeptical’ of wealth tax, pitches broad cuts to handle WA budget gap

Washington’s next governor is striking a different tone than his fellow Democrats on how to tackle the state’s looming budget gap. Governor-elect Bob Ferguson said Thursday he is “deeply skeptical”

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18 October 2024

CAREY OLSEN: Carey Olsen confirmed as the leading offshore law firm by Chambers UK

Press Release from Carey Olsen, Friday 18 October, 2024. Carey Olsen is the highest-ranking offshore law firm in the Chambers UK Legal Guide 2025, having achieved 10 out of a possible 12 Band 1 rankings.  

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24 May 2024

UK: IMF warns Tories against further UK tax cuts

Amid a higher debt burden, U.K. should not be considering pre-election tax cuts, forecaster says. The International Monetary Fund advised Chancellor Jeremy Hunt against additional tax cuts in its annual

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29 April 2024

ASIA: South-east Asia poised for sustainable bond lift-off

While 2023 was a slowdown year for the sustainable bond market worldwide, the Asean+3 region (the 10 Association of Southeast Asian Nations plus China, Japan and South Korea) slowed down less than most.

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