Altcoin News Official TheBitTimes.com

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 National Agency for Perspective Projects (NAPP) of Uzbekistan has issued a decree outlining updated requirements for cryptocurrency mining within the country. Uzbekistan’s regulatory body, the National Agency for Perspective Projects (NAPP), has released a decree detailing the requirements for cryptocurrency mining in the country. The document highlights several key changes and clarifications in the regulatory framework. The decree states that only legal entities will be permitted to engage in cryptocurrency mining , disallowing individual operations. This directive is consistent with previous documents issued by the local government, such as the one in April 2022 signed by President Shavkat Mirziyoyev, which highlighted the same prohibition for local residents regarding cryptocurrency transactions and mining . Regarding energy sources, the NAPP specifies that companies should predominantly use solar power for their mining operations. However, the document also menti...