Figure Markets, the digital asset arm of crypto startup Figure, has now launched Figure Markets Exchange, a decentralized crypto asset custody marketplace that utilizes decentralized multi-party computing (MPC) wallet custody and provides bankruptcy remote custody solutions. The US dollar deposits of users on the platform are deposited in FDIC-insured banks. Users can trade BTC, ETH, and HASH, as well as unique assets such as FTX bankruptcy claims, and qualified users can also invest in and borr...
South Korea's Financial Services Commission plans to establish a new virtual asset unit under the Financial Innovation Planning Group and appoint managers by the end of June. The FSC is training virtual asset investigators and will take overall responsibility for the Virtual Asset User Protection Act, which takes effect on July 19.