Scan to download
BTC $63,980.80 +1.11%
ETH $1,720.65 +0.60%
BNB $587.40 +0.86%
XRP $1.12 +0.59%
SOL $73.86 +4.49%
TRX $0.3262 +0.59%
DOGE $0.0832 +0.56%
ADA $0.1615 +0.80%
BCH $198.08 +1.05%
LINK $7.94 +1.17%
HYPE $67.59 -2.07%
AAVE $74.69 +0.83%
SUI $0.7084 +0.92%
XLM $0.2142 +1.05%
ZEC $451.24 -3.20%
BTC $63,980.80 +1.11%
ETH $1,720.65 +0.60%
BNB $587.40 +0.86%
XRP $1.12 +0.59%
SOL $73.86 +4.49%
TRX $0.3262 +0.59%
DOGE $0.0832 +0.56%
ADA $0.1615 +0.80%
BCH $198.08 +1.05%
LINK $7.94 +1.17%
HYPE $67.59 -2.07%
AAVE $74.69 +0.83%
SUI $0.7084 +0.92%
XLM $0.2142 +1.05%
ZEC $451.24 -3.20%

pan

Japan's national commercial enterprise pension fund plan allocates 1% to cryptocurrency

According to CoinPost, the Japan National Business Enterprise Pension Fund, which has about 1,200 small and medium-sized enterprise members, plans to start investing in cryptocurrencies in the fiscal year 2026. The company plans to allocate about 1% of its total managed assets to cryptocurrencies, investing in passive funds that include various cryptocurrencies managed by large hedge funds. The asset allocation ratio for the fiscal year 2025 is: 80% in yen, 15% in US dollars, and 5% in other currencies. However, in the fiscal year 2026, the yen allocation ratio will decrease to 70%, with an additional 10% allocation to currencies from developed countries. The remaining 5% will consist of emerging market currencies, gold, and cryptocurrencies. The main goal is to diversify currency risk.The Japan National Business Enterprise Pension Fund is a comprehensive fixed-income corporate pension fund that provides retirement savings plans for small and medium-sized enterprises across the country, guaranteeing an annual interest rate of over 1.2%. The fund has about 1,200 corporate members, with more than 20,000 members, including two listed companies, and manages assets totaling approximately 21.3 billion yen. Although it is of medium size, the fund's financial condition is sound, with a funding adequacy ratio exceeding 140%.

South Korea plans to allow exchanges and fintech companies to participate in the overseas remittance system for virtual assets

According to South Korean media SBS Biz, South Korea is considering allowing various parties, including exchanges and fintech companies, to participate in the upcoming virtual asset overseas remittance business system. This system is expected to be implemented in December this year. Relevant individuals revealed that the government has recently begun drafting the implementation details of the partial amendment to the Foreign Exchange Transaction Act and is reviewing the registration requirements for virtual asset transfer businesses.The core content of the amendment is to include cross-border virtual asset transfers within the regulatory framework of the Foreign Exchange Transaction Act, defining it as "virtual asset transfer business." Companies intending to engage in virtual asset transfer business must register with the Office of the Minister of Economy and Finance of South Korea and report relevant information through the foreign exchange computer network of the Bank of Korea when cross-border transfer transactions occur. Previously, cross-border virtual asset transactions had been outside the foreign exchange regulatory framework, raising concerns that these transactions could be used for illegal foreign exchange trading or money laundering activities. This system improvement aims to incorporate virtual asset transfer transactions into the management and regulatory system.
app_icon
ChainCatcher Building the Web3 world with innovations.