News
South Korea to integrate Bitcoin and other digital assets into its financial system by 2024
The South Korean government will pass the “Digital Asset Basic Law” (DABA) in 2023 to make cryptocurrencies fully legal in the country. In addition, lawmakers have approved plans by the Bank of Korea to create a Central Bank Digital Currency (CBDC). Before the law is officially enacted, Korean authorities have agreed to cooperate with the Bank for International Settlements (BIS) and the Financial Stability Board (FSB), as well as with US and European observers.
The regulatory framework for the digital asset ecosystem should be approved as early as 2023, and will enter into force as early as 2024. The exact list of reforms is still unknown, but the authorities have already stated that the initiative should include investor protection when dealing with Bitcoin and other crypto assets, and also “institutionalize” NFTs. The South Korean government wants to shape regulatory legislation based on the experience of other partners in order to avoid additional risks.
New President Yoon Suk-yeol, who officially took office on May 10 this year, is optimistic about the digital asset sector.
During his presidential campaign, Yeol expressed his willingness to legalize initial coin offerings (ICOs) and changes in the cryptocurrency taxation policy in the country. Previously, the threshold for taxation of annual profits from crypto transactions was $2,000, the president proposed raising this bar to $40,000.
Google has released an important security update for its Chrome browser.
Google Password Manager is pretty versatile as it allows you to sync all your saved passwords across mobile and desktop devices. Until now, the Chrome desktop browser used PINs and passwords to authenticate users before exposing stored data.
Now, if your computer (Windows and macOS) has an external or built-in biometric authentication system, such as a fingerprint scanner or a face scanner, you can use it to access data stored in the Chrome password manager.
It works pretty much the same as it does on Android tablet phones when accessing saved passwords in Chrome. Once authenticated, the user will be able to copy the saved password or edit the entry.
Honor from the Huawei ecosystem has introduced the new Honor X8a smartphone, which belongs to the inexpensive price range, to the international market.
Honor X8a is available in three body colors. In the UK, it’s on sale for £220 ($266) for the 6GB RAM, 128GB RAM version. When pre-ordering before February 14, the user receives the Honor Band 6 fitness bracelet for free.
The smartphone is equipped with a 6.7-inch Full HD + (2388 x 1080 pixels) LCD display with a frame rate of 90 Hz, a 16 MP front camera, a main triple camera (100 MP, 5 and 2 MP), MediaTek Helio G88 SoC, battery 4500mAh with 22.5W charging support. There is a side fingerprint scanner.
The Android 12 operating system with the MagicUI 6.1 shell is installed on the smartphone. 4G LTE, Wi-Fi (802.11 a/b/g/n/ac), Bluetooth 5.1, NFC are supported.
Apple has released a software update for the MagSafe Duo charging station.
While Apple frequently releases firmware updates for most of its hardware, this is the first release since the MagSafe Duo officially debuted in 2020.
It’s not yet clear exactly what the firmware update does, as Apple hasn’t provided any release notes, but the latest firmware usually includes performance and security improvements, as well as increased compatibility with other devices.
The charging station will update automatically when it is in use and connected to the mains.
MagSafe Duo lets you charge your iPhone and Apple Watch at the same time and costs $129 in the US.
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