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Crypto

Bitcoin investment spreads to U.S. politics as BlackRock IBIT purchase filing draws attention

U.S. Republican Representative Sheri Biggs disclosed that her spouse bought about $250,000 of BlackRock’s spot bitcoin ETF, IBIT, in a March 4 trade. A filing submitted to the House clerk showed the purchase ranged from $100,001 to $250,000 and was made through a professionally managed spouse account at UBS Financial Services. The disclosure comes as the Senate considers bitcoin-related legislation, including a proposal for the Treasury to buy 1 million bitcoins over five years.

Finance

Hwang Seong-yeop, Korea Financial Investment Association chief, says golden time to level up capital markets

Hwang Seong-yeop (황성엽), head of the Korea Financial Investment Association, presented a 10-year blueprint for South Korea’s capital markets and five priority tasks on his 100th day in office. He plans to improve market structure by supporting innovative companies, overhauling retirement pensions, expanding wealth management, driving digital finance innovation and strengthening global competitiveness. He also highlighted possible passive inflows tied to WGBI inclusion and measures to improve foreign investor convenience.

Finance

FSS to step up preventive oversight of financial investment, push intensive review of high-risk products

South Korea\'s Financial Supervisory Service said it will strengthen preventive investor protection in its 2026 oversight of the financial investment sector. It plans to build an intensive review system for high-risk products and closely inspect internal controls across product planning, manufacturing and sales to curb mis-selling. The watchdog also plans rapid, mobile inspections for illegal or unfair practices at customer-facing sites and will expand consulting inspections. It will also step up oversight of fundraising and real estate finance.