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Telecommunications & Media
South Korea, Canada sign audiovisual content co-production agreement
South Korea’s Broadcasting Media Communication Commission and Canada’s Department of Canadian Heritage signed an agreement on cooperation in audiovisual co-productions at a ceremony in Ottawa on April 22, the commission said on Wednesday. The deal is designed to support bilateral cooperation in broadcasting programmes such as dramas and documentaries and in audiovisual content including films and animation. South Korea has completed its domestic ratification procedures, while Canada expects to finish ratification this fall.
Crypto
Bank of England hints it may withdraw proposed stablecoin holding limits
The Bank of England has left open the possibility of withdrawing proposed limits on stablecoin holdings. Deputy Governor Sarah Breeden told a UK House of Commons committee that if stablecoins spread as substitutes for bank deposits, they could lead to reduced lending and tighter credit, and that holding caps were one way to prevent that. The industry has objected, saying caps would portray Britain as hostile to crypto and push firms abroad, hurting growth and innovation.
Crypto
UK House of Commons holds stablecoin hearing, finalises bank regulation plan
The UK House of Commons Financial Services Regulation Committee is holding a hearing on stablecoin regulation and reviewing the adequacy of proposals presented by the central bank and financial authorities, Cointelegraph reported on Jan. 29. The inquiry will focus on stablecoins’ impact on the traditional financial system, including opportunities and risks. The Bank of England and the Financial Conduct Authority are preparing rules, with implementation planned for October 2027.