Flare Smart Accounts added Korean and Japanese.
First featured Monarq vault: ~$7.13M TVL and climbing.
The dApp is going to users, not waiting for them.
This is an odd clip. I find it hard to believe that the CEO of a major BBB could be this uninformed about a major piece of financial legislation.
The Clarity Act “doesn’t do anything for AML/BSA.” Really? Have you read Titles II or III?
“It allows them to effectively pay interest on deposits.” False. Section 404 explicitly prohibits digital asset companies from paying any form of interest or yield on a stablecoin balance in a manner that is “economically or functionally equivalent to the payment of interest or yield on an interest-bearing bank deposit.”
It is becoming increasingly clear that bank opposition to the Clarity Act is more about personality than policy.
The least pleasant call I had in the process of building Flare was with a VC fund where Ran was an advisor.
Ran ranted at me for a good 15-20 minutes that XRP was worth nothing, that building DeFi for XRP was a pointless pursuit and that Flare would never work.
Fortunately my character is such that rather than dissuade me it made me more determined.
BREAKING: 🇰🇷 SOUTH KOREA JUST ANNOUNCED IT WILL ABOLISH THE PLANNED 22% BITCOIN AND CRYPTO TAX 🔥
A MASSIVE WIN FOR CRYPTO ADOPTION.
EXTREMELY BULLISH FOR BITCOIN. 🚀
South Korea Considers Scrapping Crypto Tax
South Korean lawmakers are set to review plans to scrap the country’s upcoming crypto tax after a national petition crossed 50,000 signatures.
The petition reached the required threshold just eight days after submission.
Supporters argue crypto investors are being treated unfairly after taxes on traditional financial investments were removed.