Search results for Monopoly Regulation and Fair Trade Act
Crypto
White House engages industry as Clarity Act wavers and crypto market splits
The dominant theme in digital assets over the past week was the U.S. Digital Asset Market Structure Act, known as the Clarity Act. As the bill stalls, the White House and regulators expanded direct contacts with the industry. In South Korea, a revised anti-money laundering law takes effect on Aug. 20, tightening entry requirements. Markets also tracked bitcoin’s range near $63,000, sharp debate over its outlook, XRP weakness and growing won stablecoin proof-of-concept activity.
Crypto
Countdown to amended Special Financial Information Act puts digital asset industry focus on governance reshuffle
South Korea will implement an amended Special Financial Information Act on Aug. 20, expanding screening of digital asset operators to include major shareholders and governance structures. An enforcement decree allows exceptions when violations are minor or punished under vicarious liability rules, easing some uncertainty around Naver Financial and Dunamu’s share-swap plan. Regulators will also tighten requirements on leverage, creditworthiness and internal controls, likely increasing compliance burdens for smaller operators.
Finance
KB Securities adopts fair trade compliance programme to strengthen compliance culture
KB Securities has introduced a fair trade compliance programme (CP) and is moving to expand a voluntary compliance culture. The company aims to strengthen its internal compliance system to establish a fair trading order and boost financial consumer trust. It said it held a declaration ceremony for the programme. The system is an internal compliance framework for voluntarily observing fair trade laws and is evaluated and operated by the Korea Fair Trade Mediation Agency under the Fair Trade Commission.
