[Crypto News 10 October 2024]

1) Taiwan Launches Trial for Crypto Custody Services with Banks
Taiwan's Financial Supervisory Commission will accept applications in Q1 2025 for a trial of crypto custody services via banks, requiring clarity on managed cryptocurrencies and target clients, in line with updated anti-money laundering regulations. Read more : https://t.co/d3h2cUBSmR

2) Alchemy Pay Integrates Virtual Card with Samsung Pay for Global Crypto Accessibility
Alchemy Pay has integrated its virtual card with Samsung Pay, allowing users to spend cryptocurrencies at millions of locations worldwide, while expanding its payment options through partnerships with major networks and digital platforms. Read more : https://t.co/EiFJ0fwpHr

3) VanEck Launches $30 Million Venture Fund for Fintech and Digital Asset Startups
Global investment firm VanEck has launched a $30 million venture capital fund, VanEck Ventures, targeting pre-seed and seed stage fintech, digital asset, and AI companies, with plans to invest in 25-30 projects, each receiving between $500,000 and $1 million. Read more : https://t.co/LOCUIvvNCM

4) South Korea Prioritizes Stablecoin Regulation Amid Growing Cross-Border Use
South Korea's Financial Services Commission plans to prioritize stablecoin regulations in the Virtual Asset User Protection Act, responding to rising cross-border transactions and criticism over the slow legislative pace compared to international counterparts like the EU and Japan. Read more : https://t.co/E7948ohjZx

5) Dubai, Switzerland, and South Korea Ranked Top Crypto Business Destinations for 2024
A report identifies Dubai, Switzerland, and South Korea as the top three crypto-friendly countries for 2024, highlighting their legal clarity, favorable tax policies, and active support for crypto businesses, with Dubai leading the rankings at 79 points. Read more : https://t.co/DbUb4epIvE

Disclaimer: The information provided is for informational purposes only and does not constitute financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.

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