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FameEX Morning Crypto News Recap | September 22, 2023

2023-09-22 11:56:30

South Koreans Declare More Than $98 Billion in Cryptocurrency Holdings Abroad

South Korean taxpayers have revealed holdings of 131 trillion won (over $98 billion) in overseas cryptocurrency accounts this year, as confirmed by the country's tax agency. This disclosure follows the imposition of mandatory reporting for foreign financial assets by Seoul authorities, highlighting increased transparency and regulation in the cryptocurrency market within South Korea.

Microsoft Introduces AI-Enhanced Copilot for Windows 11

On September 21, Microsoft introduced Microsoft Copilot, an innovative move to infuse artificial intelligence (AI) technology into its products. This development blends Windows interfaces with advanced language models, enhancing the overall user experience. Microsoft continues to leverage AI to improve its technology offerings and create more intuitive and efficient user interfaces.

UK FCA Issues 'Final Warning' to Unregistered Crypto Firms Regarding Advertising Compliance

The UK's Financial Conduct Authority (FCA), the regulator for financial markets, has reiterated its concerns about crypto firms showing reluctance to engage with forthcoming marketing regulations. The FCA has cautioned that failing to comply with these rules may lead to significant repercussions, emphasizing the need for timely and thorough adherence by cryptocurrency entities in the UK.

Mainstream Media Dismisses NFTs as 'Completely Devoid of Value'

Rolling Stone, a prominent media outlet, has asserted that nonfungible tokens (NFTs) have reached a point of being "completely devoid of value." This declaration is based on findings from a DappGambl study examining the evolving NFT landscape. The study reveals that a substantial 95% of NFTs, held by over 23 million investors, lack any intrinsic value, raising questions about the sustainability of the NFT market.

Walmart Guides Kids in Roblox Metaverse to Explore 'Top Toys'

Walmart's divisions, Walmart Land and Walmart’s Universe of Play, are collaborating with Roblox to introduce novel gaming experiences. These offerings, reported by crypto news outlet The Block, encompass diverse activities such as participating in fashion shows and embarking on a Jurassic Park-themed adventure centered around collecting eggs. This move enhances the Roblox metaverse, providing players with exciting new opportunities for engagement and entertainment.

Union Bank of the Philippines Obtains Central Bank License for Cryptocurrency Trading Services

Union Bank of the Philippines has achieved a significant milestone by becoming the first and sole bank in the nation to be granted a license by the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP). The bank received a 'Certificate of Authority,' making it the inaugural recipient of this certification in the Philippines, alongside other VASP license holders like the Philippine Digital Asset Exchange, Maya, and

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