SEC
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Summary of important developments at noon on February 14
7:00-12:00 Key words: Circle, BUSD, Paxos, SEC, Yingtou Securities Interpretation of this information: The message is about a partnership between Circle, a global financial technology firm, and BUSD, a regulated stablecoin issued by Paxos, to bring more transparency and compliance to the world of digital transactions. The partnership involves Circle’s use of BUSD as a primary reserve currency on its platform, which will seek to adhere to the SEC’s regulatory requirements for stablecoin issuance and maintenance. The message notes that Yingtou Securities will be one of the first partners to…
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The SEC’s new proposal proposes to change the rules of qualified custodian or make it more difficult for hedge funds to cooperate with encryption companies
According to reports, according to people familiar with the matter, the new proposal of the United States Securities and Exchange Commission (SEC) proposes to change the rules of qualified custodians, making it more difficult for hedge funds, private equity companies and pension funds to cooperate with many encryption companies. Interpretation of this information: The United States Securities and Exchange Commission (SEC) has proposed a new rule that could potentially make it harder for hedge funds, private equity companies, and pension funds to partner with cryptocurrency companies. Reports suggest that the…
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The South Korean authorities are studying the case of SEC v. XRP in the United States and other cases to refer to the relevant provisions of ST0
On February 14, according to the source, the Digital Assets Research Group of the Korea Financial Supervisory Institute is focusing on the overseas cases related to virtual assets, including carefully referring to the lawsuit between XRP and the United States Securities and Exchange Commission (SEC), which is expected to reach the results as early as March, to formulate the relevant provisions of the domestic securities token (ST0) in South Korea. Interpretation of this information: The Digital Assets Research Group of the Korea Financial Supervisory Institute is reportedly turning its focus…
