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Crypto

BNY Mellon subsidiary joins MiCA register as ESMA adds 15 providers

The European Securities and Markets Authority added 15 crypto-asset service providers to the MiCA register, lifting the total number of registered entities to 309. The update includes BNY SA/NV, a Belgian subsidiary of BNY Mellon, along with four banks and digital asset platforms. It was the third post-deadline update since the July 1 transition date. Registrations rose most in Germany and Denmark, with three additions each.

Telecommunications & Media

Baeh Kyung-hoon says telecoms must transform into AI companies as top 3 expand investment

SK Telecom, KT and LG Uplus will work with the government to expand next-generation network investment to respond to the AI era and form a public-private consultative body to discuss investment and telecoms regulatory improvements. Deputy Prime Minister and Science Minister Baeh Kyung-hoon said telecoms should transform into AI infrastructure and platform companies. The ministry plans a comprehensive policy package, while the carriers will expand membership benefits and provide temporary plan perks for youth and vulnerable groups.

Telecommunications & Media

Government, three mobile carriers join to expand AI network investment and strengthen livelihood support

South Korea\'s government and the country\'s three mobile carriers will work together to expand next-generation network investment for the AI era and strengthen measures to support people\'s livelihoods. Vice Prime Minister and Science Minister Bae Kyung-hoon met chiefs of SK Telecom, KT and LG Uplus in Seoul on Wednesday to discuss AI-based network upgrades and steps to stabilise living conditions. The ministry plans regulatory changes and a public-private consultative body from August.