Kyrgyzstan MP: We must regulate digital currencies and develop a CBDC
The MP told parliament that “nothing is growing as fast as cryptocurrency” and the government must regulate them to make Kyrgyzstan a regional Bitcoin hub.
Source: coingeek.com
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South Korea's largest bank to launch a digital asset investment fund
Kookmin Bank plans to launch the exchange traded fund once there are regulations in place for such a product and that it will target retail investors.
Source: coingeek.com
Philippines unlikely to issue CBDC in the near future: report
The Philippines will not be one of the rising numbers of countries that intend to issue a central bank digital currency despite touting a wholesale state bank-backed digital currency previously.
Source: coingeek.com
Monetary Authority of Singapore bans digital currency ads in public places
VASPs must not advertise on public transport venues, broadcast media, third-party websites, or roadshows and must not turn to influencers on social media, according to Singapore’s central bank.
Source: coingeek.com
South Korea's Coinone exchange blocks withdrawals to unverified wallets
Wallets such as MetaMask and Ledger, which don't require KYC verification, will no longer be usable on Coinone, a top analyst says it's only a matter of time before other exchanges follow suit.
Source: coingeek.com