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AI & Enterprise

KISA head Lee Sang-jung dismissed, Ryu Jae-cheol named acting president

Lee Sang-jung (이상중), president of the Korea Internet & Security Agency (KISA), has been dismissed, with Ryu Jae-cheol (류재철), a non-executive director and professor at Chungnam National University, taking over as acting president. KISA appointed Ryu to reduce a leadership vacuum. Lee\'s dismissal followed an audit by the Ministry of Science and ICT, which cited issues in agency management including career records, expense spending and budget management.

Crypto

Cardano treasury plan to buy copper with 22 million ADA stalled by constitutional row

A proposal to use 22 million ADA from the Cardano treasury to buy physical copper and issue an on-chain token has been hit by controversy over constitutional compliance. Opposition emerged ahead of the voting deadline, clouding approval prospects. Issues include whether governance documents can be altered, the delegation structure of the receiving account and the lack of finalised independent oversight. DRep voting shows opposition leading, with most votes still uncast.

Crypto

Itaú Unibanco registers as crypto trading and custody provider in Brazil, first for local banks

Itaú Unibanco, Brazil’s largest private bank, has formally registered with the central bank as a cryptocurrency service provider, covering brokerage and custody. The move comes as Brazil’s licensing framework for crypto operators takes effect, requiring registration for firms that hold, move or trade crypto for clients. The new rules set custody requirements, including segregation of client assets, minimum capital and governance, controls and anti-money laundering standards.