South Korea's Busan is embarking on a transformative $75 million blockchain project, aspiring to become a blockchain city by developing an Ethereum-compatible mainnet. Concurrently, the digital asset sector is grappling with increasing phishing scams, evidenced by a recent incident where a user lost $4.46 million in USDT. In a leap towards regulatory conformity and wider acceptance, eToro has attained a Crypto Asset Service Provider registration from the Cyprus Securities and Exchange Commission, facilitating its plan to extend its crypto services throughout Europe. Similarly, the Union Bank of the Philippines has marked a milestone by receiving a license to function as a virtual asset service provider, introducing a significant enhancement in the country's financial framework.
