Gadget360

World Liberty Financial (WLF), backed by former US President Donald Trump, is launching a strategic token reserve to stabilize its crypto-backed fund pool amidst market fluctuations. The announcement, made via their X account, sheds light on WLF’s purpose after its initial unveiling in September 2024. Trump, aiming to establish the US as a leader in the cryptocurrency space, introduced WLF. The reserve aims to provide a financial buffer against the volatile nature of the crypto market, ensuring the fund’s stability and investor confidence. This move signals WLF’s commitment to long-term growth and solidifies its place within the evolving digital asset landscape.

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BitPanda, an Austrian cryptocurrency exchange, has secured regulatory approval from the UK’s Financial Conduct Authority (FCA). This authorization permits BitPanda to legally offer crypto-related services to UK-based investors.

The company, headquartered in Vienna, achieved this milestone by demonstrating adherence to the UK’s stringent anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. Compliance with these standards was a key requirement for obtaining FCA registration.

Beyond offering services, the FCA approval also grants BitPanda the ability to advertise its offerings within the UK market. However, the exchange must continue to abide by specific advertising guidelines to maintain its compliance and operational status. This move signifies BitPanda’s commitment to expanding its reach within a regulated framework.

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Coinbase is gearing up for a second attempt at entering the Indian cryptocurrency market after a brief and unsuccessful launch in 2022. The US-based exchange is reportedly in talks with local partners to integrate UPI (Unified Payments Interface) functionality into its platform.

Their previous attempt to offer UPI-based crypto transactions was quickly halted by the National Payments Corporation of India (NPCI), which declared the service “unrecognised.” This led to Coinbase suspending the feature shortly after its initial rollout.

Now, nearly two years later, Coinbase aims to overcome past hurdles and establish a foothold in the rapidly growing Indian crypto landscape. The success of this renewed effort hinges on securing the necessary approvals and establishing a stable and compliant payment infrastructure using UPI.

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South Korea is actively fostering its Web3 market, with the Financial Services Commission (FSC) leading the charge. The FSC has outlined plans to progressively integrate domestic companies into the Virtual Digital Assets (VDA) market, primarily cryptocurrency-related, under a framework of legal oversight. This strategic move focuses on evaluating the financial implications of cryptocurrencies while simultaneously promoting sector development.

Looking ahead to 2025, South Korea will conduct two pilot programs. The first will explore crypto-related sales transactions, assessing their viability and potential impact. The second trial involves VDA trading for investment and financial objectives, aiming to understand its role within the broader financial landscape. These initiatives underscore South Korea’s commitment to both regulating and nurturing its evolving Web3 ecosystem.

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