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South Korea is looking to remove restrictions on local institutions trading cryptocurrencies, according to a report by Yonhap news agency on Wednesday, citing the Financial Services Commission (FSC). “We will work to align with global regulations in the virtual asset market,” stated South Korea’s FSC Secretary-General Kwon Dae-young. Institutional Investors Will Be Able To Create Accounts On Crypto Exchanges The FSC, South Korea’s primary financial regulator, stated that it would relax its restrictions on institutional investors to trade crypto, allowing them to create trading accounts on cryptocurrency exchanges. By doing this, the regulator aims to collaborate closely with the Digital Asset Committee, a policy advisory group under the FSC, beginning with permitting non-profit organizations to participate. Currently, only individual investors verified with their real-name accounts are permitted to trade Bitcoin and other cryptocurrencies. South Korea didn...

The Simon’s Cat price surged 397% in the last 24 hours to trade at $0.00002274 as of 4.35 a.m. EST on trading volume that skyrocketed to $177.4 million. The token went live only yesterday, as announced in a post on X, only to see this massive price surge as a result of demand and hype surrounding the launch. Simon's Cat official token $CAT is live and now trading 😸 Contract Address: 0x6894CDe390a3f51155ea41Ed24a33A4827d3063D KuCoin: https://t.co/biKFnzeVZB Gate: https://t.co/MBshCDIlQW MEXC: https://t.co/tY6TOsAvky Pancakeswap: https://t.co/h8Ae8eJako Let's play on BNB 😼 pic.twitter.com/ekMFKlTFFz — Simon's Cat Token (@SimonsCatMeme) August 22, 2024 Soon after launch, it also saw listing on a number of major crypto exchanges, including KuCoin Futures, which launched Perpetual Contract $CATUSDT-M with up to 8x leverage. However, its primary listing was on BitMart, another highly popular exchange Other than that, the token went live on KuCoi...