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Search results for Jan. 18

Games & Commerce

KOCCA steps up push for game museum, seeks operator and sites

South Korea\'s Ministry of Culture, Sports and Tourism and the Korea Creative Content Agency will launch an open call for an operator and candidate sites for a planned \"Korea Game Museum\". Applications will be accepted nationwide through Jan. 18. The museum is intended to collect, preserve and exhibit artefacts and materials on the development of Korean games, and to run education and hands-on programs. A two-stage evaluation will include document and on-site reviews.

Crypto

Circle\'s USDC overtakes Tether\'s USDT in euro trading, share hits 56 percent

Circle\'s USDC has overtaken Tether\'s USDT in euro-denominated stablecoin trading, with USDC\'s share rising to 56 percent from 10 percent in January 2024, Kaiko data showed. Cointelegraph reported that major exchanges have restricted USDT trading for European Economic Area customers to comply with the EU\'s MiCA rules. The European Banking Authority has designated USDC as the first significant e-money token. Similar regulation-driven shifts may emerge in the United States.

Crypto

Stablecoin interest ban raises questions over workaround rewards

The U.S. Office of the Comptroller of the Currency has finalised a GENIUS Act rule that bans stablecoin issuers from paying interest or returns solely for holding coins. The rule defines stablecoins as payment instruments backed one-to-one by real assets and takes effect on Jan. 18, 2027. The OCC dropped draft language that would have blocked rewards by exchanges and fintech firms, but plans case-by-case reviews to prevent disguised issuer interest.