By admin The Bank of Korea executed a twenty-five basis point increase in its benchmark interest rate, bringing it to 2.75 percent. This decision marks the first hike since early 2023 and serves as a direct response to consumer inflation reaching 3.2 percent, which exceeds the central bank’s two percent target. The move was driven […]
Tag: Japan
By admin Japan has officially enacted legislation that formally reclassifies cryptocurrencies as financial assets under its primary securities framework. This landmark decision transitions digital assets away from the Payment Services Act and integrates them into the Financial Instruments and Exchange Act. The move subjects crypto businesses to securities style regulations, including explicit insider trading prohibitions […]
Key highlights: Progmat migrated at least $2.7 billion in tokenized assets to Avalanche Rights transfers are now three to five times faster than they used to be The platform is now EVM-compatible, opening access for developers to Ethereum tools Progmat, one of Japan’s largest security-token platforms, shared that it had completed the migration of all […]