South Korea Delays Digital Asset Decision, Thailand Embraces Digital Payments

EddieJayonCrypto

 20 Jan 25

tl;dr

South Korea's Financial Services Commission (FSC) is delaying the decision to allow institutions to hold digital assets, citing the need for further review. Although the FSC is expected to revisit the issue later this year, the postponement has implications for the expansion of digital currency paym...

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South Korea's Financial Services Commission (FSC) is delaying the decision to allow institutions to hold digital assets, citing the need for further review. Although the FSC is expected to revisit the issue later this year, the postponement has implications for the expansion of digital currency payment options in the country.

Meanwhile, in Thailand, the government plans to introduce digital asset payments in the popular tourist destination of Phuket, aiming to facilitate transactions for foreign tourists and potentially attract investment. These developments reflect the evolving regulatory landscape and the growing significance of digital assets in the global financial market.