Financial

South Korean financial group Mirae Asset eyes crypto exchange Korbit acquisition: report

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Mirae Asset, a Seoul-based financial group, is considering buying South Korean cryptocurrency exchange Korbit, the Korea Times reported on Monday. The company is in talks to acquire 92% oof Korbit for as much as 140 billion won ($97 million), according to the report, which cited industry officials. Mirae Asset, which offers asset management, wealth management,…

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Australia Looks to Bring Crypto Under Financial Services Framework With New Draft Legislation

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The Australian treasury revealed a new draft proposal for crypto firms in the country, requiring them to hold licenses and be treated as financial products. The proposal would require crypto firms to hold financial service licenses, effectively bringing them under the wing of the country’s securities regulator, Australian Securities and Investments Commission (ASIC). Digital asset…

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