Why US Monetary Authority's allowing stablecoins is good for Korean virtual asset Industry?1/5/2021 On the 4th January, the US Office of the Comptroller of the Currency (OCC) released a legal interpretation that banks can use ‘stable coins (virtual assets with constant value)’ for payment and remittance business.
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As interest in Non-Fungible Tokens (NFT) based art works increased, the volume of transactions was the highest ever.
Virtual asset consignment service will be started for Korean companies and institutions. Although it is interested in virtual assets as an investment vehicle, it is expected to be good news for Korean companies and institutional investors who have been hesitant because there is no suitable counter.
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AuthorDongWon KWAK. Korea Venture Capital and Startup Expert. Archives
January 2023
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