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LATEST CRYPTO NEWS

BY NEWSDESK8

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South Korea's main party wants to implement crypto disclosure laws earlier!

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A new bill requiring South Korea's top government officials and lawmakers to declare their crypto holdings will take effect within the next two months, the floor leader of the country's ruling party said. Korean publication Yonhap News reported on 23rd May that PPP (People Power Party) Representative Yun Jae-ok said the date for launching new crypto announcement rules, currently set for this year December, is not immediate enough.

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Japanese lawmakers will introduce anti-money laundering measures on 1st June!

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Japanese lawmakers have decided to implement stricter AML (anti-money laundering) measures to trace crypto transactions from next month. On 23rd May, Japanese parliament decision to introduce stricter AML procedures starting in June, according to a report on the same day from local media outlet Kyodo News.

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A restructuring plan for bankrupt bitcoin miner Core Scientific could be finalized by September!

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In a 22nd May filing in Texas Bankruptcy Court, lawyers for core Scientific’s said it is liquidity position has improved substantially since it filed for bankruptcy and as a result, it plans to file a restructuring plan in the near future.

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Pakistan wants to establish a national AI fund using funds from the Ministry of IT and Telecom!

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Just days after declared that crypto will “never be legalized” in the country, Pakistan’s IT & Telecom  Ministry has drafted a policy to encourage the growth of AI (artificial intelligence).  The policy framework demonstrates Pakistan’s willingness to integrate AI for public and national improvement. The country has set 15 goals for 2023-2028. 

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