Search results for Oct. 8
Finance
Financial firms\' duty to fund low-income finance nears end, parliament weighs permanent fund or extension
South Korea\'s parliament is set to begin discussions as financial companies\' mandatory contributions to policy lending for low-income borrowers near their Oct. 8 expiry. Lawmakers will review amendments that would either create a dedicated stability fund at the Korea Inclusive Finance Agency to secure standing funding or extend the current contribution duty for five more years. Without a revision, the obligation will lapse and could curb policy finance supply.
Crypto
Stablecoins cannot fill U.S. long-term Treasury demand gap despite $73.3 billion
Rising demand for stablecoins can help the U.S. government finance short-term Treasury bills but cannot address weak demand for long-term debt, with maturity the key constraint. U.S. stablecoin reserve rules tie funds to assets with maturities of 93 days or less, excluding newly issued 10-year and 30-year Treasuries. The Treasury has separately expanded long-term debt buybacks to support market liquidity, while evidence of a direct link to stablecoin reserves or bitcoin prices has not been confirmed.
Crypto
UK ranks third in bitcoin adoption, but 60,000 seized BTC cannot be held as reserves
Britain ranked third in a global bitcoin adoption assessment, but about 60,000 to 61,000 bitcoin held by the government is classified as seized assets linked to suspected crime, not a national strategic reserve. The index, published by infrastructure firm JAN3, factors in holdings, mining, the legal and tax environment, reserve policy and political leadership. Prosecutors said final disposition depends on confiscation and civil procedures, and guidance distinguishes seizure from ownership.
