Daily Crypto News Jan5: Global Crypto Reforms & Trends: Regulation Moves, ETF Hopes, and Strategic Sales
The global cryptocurrency landscape is undergoing significant changes and facing new regulatory measures. South Korea has decided to exclude decentralized crypto wallets, like MetaMask, from overseas declaration requirements, offering a more lenient approach towards individual users. Meanwhile, Chinese officials are ramping up their fight against crypto-related corruption, calling for enhanced legal measures to govern the burgeoning sector. Japan's Monex is set to acquire a majority stake in 3iq to bolster its crypto unit, reflecting growing institutional interest in the digital asset industry.
WorldCoin makes headlines as it launches its eyeball-scanning crypto project in Singapore, marking a significant and somewhat controversial milestone in integrating biometric data with cryptocurrency. Despite these innovative strides, financial advisors remain skeptical about the immediate future of Bitcoin ETFs, even as the SEC approves them, indicating a cautious stance among professional investors. Celsius plans to unstake $466 million in Ethereum holdings to ensure ample liquidity for its creditors, a move reflective of the ongoing adjustments within crypto firms.
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