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Crypto

U.S. Treasury secretary says crypto cannot be regulated without bill as Coinbase-Congress row deepens

U.S. Treasury Secretary Scott Bessent said crypto regulation in the United States is impossible without passage of the market structure bill known as the CLARITY Act. His remarks follow Coinbase’s abrupt withdrawal of support weeks ago, which derailed a key Senate Banking Committee vote. Coinbase has returned to talks but continues to press for allowing interest for stablecoin holders, a demand opposed by the banking industry. Lawmakers also voiced frustration over the legislative impasse.

Finance

Naver Pay runs Lunar New Year overseas payment, travel insurance promotions

Naver Pay said on Thursday it will run promotions offering benefits to users traveling overseas during the Lunar New Year holiday. The company extended a promotion that returns 10 percent of eligible overseas payment spending as points through June, with a higher cap for users of its overseas travel insurance comparison service. It is also running multiple overseas QR payment events through March, including random point rewards, a lucky draw, roaming discounts for KT users and instant discounts at certain partner merchants.

Games & Commerce

JoyCity's 'Biohazard Survival Unit' tops 5 million global downloads

JoyCity said on Thursday its mobile strategy game 'Biohazard Survival Unit', co-developed with Aniplex, has surpassed 5 million cumulative downloads globally. The game is based on Capcom's 'Biohazard' intellectual property and was officially released in 151 countries in November. The company said continued popularity in existing markets and a formal launch in South Korea and Taiwan on Feb. 5 helped lift downloads.