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Crypto

Bitcoin holds $80,000 as stablecoin payments spread

Over the past week, the global crypto market’s key theme was resilience. Bitcoin held $80,000 despite a CPI shock, while XRP defended $1.30 even as public interest faded. Investors are watching U.S. PMI data and the Oct. 27-28 FOMC, as well as Ripple’s Swell event. Stablecoins and tokenisation are spreading into mainstream payment rails. In South Korea, tax deferral bills and a forthcoming digital assets framework are emerging variables.

Crypto

FSS says digital asset integrated supervision framework to be set up, FIU cooperation to be strengthened

South Korea\'s financial authorities have incorporated an integrated supervision framework for the digital asset market into a government draft of the Digital Asset Basic Act. Financial Supervisory Service Governor Lee Chan-jin said the draft reflects joint oversight involving the Financial Services Commission, the FSS, the Korea Financial Intelligence Unit, and the Bank of Korea. Lawmakers also raised issues including anti-money laundering controls at won-based exchanges, alleged legal violations and unreported overseas transactions, and governance and executive accountability.

Crypto

Exchange major shareholder stake cap kept despite delays in digital asset law, raising fears of chilled financial investment

As the institutionalisation of South Korea’s digital asset market is delayed, financial authorities are again stressing the need to limit major shareholders’ stakes in exchanges, heightening industry concerns. The Financial Services Commission is considering a 20 percent cap, with options such as allowing up to 34 percent under conditions or limiting voting rights. With second-stage legislation stalled, uncertainty is affecting deals and investments involving Naver Financial, Dunamu, Coinone and Korbit.