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FameEX Morning Crypto News Recap | September 22, 2023
2023-09-22 12:01:25
South Koreans Disclose Over $98 Billion Worth of Cryptocurrency Assets Held Overseas
South Korean taxpayers have disclosed holdings worth 131 trillion won (over $98 billion) in overseas cryptocurrency accounts this year, officially reported by the country's tax agency. This disclosure stems from Seoul authorities' enforcement of mandatory reporting for foreign financial assets, signaling heightened transparency and cryptocurrency market regulation in South Korea.
Microsoft Unveils Windows 11's AI-Powered Copilot
Microsoft's recent launch of Microsoft Copilot on September 21 demonstrates its commitment to integrating AI technology into its products. This initiative combines Windows interfaces with cutting-edge language models to elevate the user experience, showcasing Microsoft's ongoing efforts to enhance technology offerings with more intuitive and efficient interfaces.
Unregistered Crypto Firms in the UK Receive 'Final Warning' from FCA Regarding Advertising Compliance The UK's Financial Conduct Authority (FCA) is expressing continued worry about cryptocurrency firms' reluctance to embrace upcoming marketing regulations. The FCA warns that noncompliance could result in severe consequences, underlining the importance of timely and comprehensive adherence for cryptocurrency entities operating in the UK. Mainstream Media Labels NFTs as 'Entirely Valueless' Rolling Stone, a prominent media outlet, has proclaimed nonfungible tokens (NFTs) as "completely devoid of value." This statement is grounded in a comprehensive DappGambl study that delved into the evolving NFT arena. The study uncovered that an overwhelming 95% of NFTs, held by a vast pool of over 23 million investors, lack any inherent worth, triggering concerns regarding the NFT market's long-term viability. Walmart's Roblox Metaverse Adventure: Unveiling the Best Toys for Kids Walmart's divisions, Walmart Land and Walmart’s Universe of Play, are partnering with Roblox to unveil innovative gaming experiences. These activities, as reported by crypto news outlet The Block, include fashion shows and a Jurassic Park-themed adventure focused on egg collection, enriching the Roblox metaverse with engaging opportunities for player interaction and enjoyment. Union Bank of the Philippines Receives Central Bank Approval for Crypto Trading Services Union Bank of the Philippines has made history as the first and only bank in the country to secure a license from the Bangko Sentral ng Pilipinas (BSP) for its operations as a virtual asset service provider (VASP). This achievement is marked by the issuance of a 'Certificate of Authority,' distinguishing it as the inaugural recipient of such certification in the Philippines, alongside other VASP license holders including the Philippine Digital Asset Exchange, Maya, and Coins.ph. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
