News

Jinse Finance reported that virtual asset trading and intermediary businesses will be removed from the list of restricted industries for risk enterprises. The Ministry of SMEs and Startups of South Korea (referred to as the "Ministry of SMEs and Startups") announced on the 9th that, at a State Council meeting held at the Yongsan Presidential Office, a partial amendment to the "Enforcement Decree of the Special Act on Fostering Risk Enterprises" containing the above content was reviewed and approved. This amendment will officially take effect from the 16th. The Ministry of SMEs and Startups explained that this revision of the enforcement decree takes into account changes in the global status of the virtual asset industry and the strengthening of domestic user protection systems in South Korea, aiming to lay the foundation for the formal cultivation of core deep-tech industries in the digital asset ecosystem, such as blockchain and crypto technology. The Ministry also pointed out that, globally, the United States approved the listing of spot bitcoin ETFs in January last year, and in July of the same year implemented comprehensive stablecoin regulatory laws, indicating that the trend of recognizing virtual assets as a formal industry is taking shape.

ChainCatcher news, Nasdaq-listed Yuita Logistics Technology announced that Solomon Capital Fund SPC-Solomon Capital SP9, a US dollar fund under Huaying Holdings, has made a strategic investment of $150 million. The two parties will jointly explore the tokenization of logistics assets (RWA) and innovations in stablecoin applications. Yuita Logistics Technology previously announced plans to acquire 15,000 BTC, with a total transaction amount of up to $1.5 billion. In addition, the company also stated that it is actively researching relevant regulatory details and plans to apply for a stablecoin issuance license after the Hong Kong stablecoin regulations come into effect.