Investment Learning

  • October 9, 2024

Taiwan to Pilot Crypto Custody Services Through Local Banks

According to Cointelegraph, Taiwan is advancing institutional cryptocurrency adoption as local regulators plan to pilot crypto storage services through local banks. The Financial Supervisory Commission (FSC) of Taiwan is preparing to launch an institutional trial of crypto custody services, as reported by the Central News Agency on October 8.While the FSC expects to start collecting applications in the first quarter of 2025, three private banks in Taiwan have already shown interest in piloting a crypto custody business. The FSC has specified that financial institutions applying for the trial must detail the types of assets they will store for clients, such as Bitcoin (BTC), Ether (ETH), or Dogecoin (DOGE). Additionally, institutions must provide information about their target users, whether they are professional or general investors, crypto-asset platforms, or others.FSC’s director of the comprehensive planning division, Hu Zehua, mentioned at a press conference that the authority plans to publicly release information on the upcoming trial at least 15 days before starting to accept applications. The FSC will also collect public feedback on the proposed trial and revise the process accordingly. This is a developing story, and further information will be added as it becomes available.

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  • October 9, 2024

The DPRK's Deep Roots in Crypto

Last week, CoinDesk's Sam Kessler reported that developers and IT workers employed by the Democratic People's Republic of Korea – i.e. North Korea – had managed to get themselves hired by a number of crypto projects, giving them two different ways of raising funds for the national regime.

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  • October 9, 2024

U.S. Dollar Rises Ahead of Federal Reserve Meeting Minutes Release

According to Odaily, the U.S. dollar experienced an increase ahead of the release of the Federal Reserve's meeting minutes. Last month, the Federal Reserve cut interest rates by 50 basis points, and the upcoming minutes may provide insights into future policy measures. Chris Turner, an analyst at ING, noted in a report that the market has already reduced the Federal Reserve's 2024 easing cycle by about 30 basis points over the past few weeks. However, he also questioned whether investors are currently inclined to reprice the Federal Reserve's aggressive easing cycle.Turner further mentioned that the Consumer Price Index (CPI) data, scheduled for release on Thursday, could indicate that the core inflation rate in the U.S. remained high in September. This could potentially support the dollar. The market's focus remains on the Federal Reserve's next steps and the implications of the CPI data on the broader economic outlook.

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