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Korea's Act on the Protection of Virtual Asset Users to Take Effect from 7/19: "those who are found to have engaged in unfair trading activities may be subject to criminal punishment or penalty surcharge."

Korea's Act on the Protection of Virtual Asset Users to Take Effect from 7/19: "those who are found to have engaged in unfair trading activities may be subject to criminal punishment or penalty surcharge."

Korea's new Act on the Protection of Virtual Asset Users comes into force on July 19, 2024, marking a significant step in safeguarding users and regulating virtual asset service providers (VASPs). This follows a revision in March 2021, which required VASPs to register with financial authorities and introduced
dismal-jellyfish ๐Ÿ“ฐ News
The SEC awards more than $37 million to a Whistleblower

Whistleblower Alert! The SEC awards more than $37 million to a Whistleblower--meaning the fine levied ranged between $123,333,333-$370,000,000 million.

The Securities and Exchange Commission (SEC) has announced a substantial award of more than $37 million to a whistleblower whose information played a crucial role in a successful enforcement action. The whistleblower provided previously unknown details, met with Enforcement staff, and identified potential witnesses and documents, significantly conserving staff time
dismal-jellyfish ๐ŸŒฌ๏ธ Whistleblower
IMF: Services price inflation is holding up progress on disinflation

IMF: "Services price inflation is holding up progress on disinflation, which is complicating monetary policy normalization. Upside risks to inflation have thus increased, raising the prospect of higher-for-even-longer interest rates"

The International Monetary Fund said Tuesday in its World Economic Outlook Update that global growth remains on track with the April 2024 World Economic Outlook (WEO) forecast, projected at 3.2% in 2024 and 3.3% in 2025. However, persistent services price inflation is complicating disinflation efforts and in turn,
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
Members of the public may have received a message indicating submissions unable to be completed.

Due to a now resolved technical error, members of the public who sought to submit an online comment to the SEC website from 5/30 - 6/26 2024, may have received a message indicating submissions unable to be completed.

Due to a technological error, individuals attempting to submit comments to the Securities and Exchange Commission (SEC) via the online comment form on the SEC website between May 30 and June 26, 2024, may have encountered difficulties completing their submissions. The issue, which has since been resolved, affected forms used
dismal-jellyfish ๐Ÿงฑ Market Reform
The amount of interest paid to live another day? $7,380,456,000.

As of June 30, 2024 the total outstanding amount of all advances under the BTFP was $106,336,593,000. The amount of interest paid to live another day? $7,380,456,000.

Back in January, the Fed announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11 and that the program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions. As the program
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics