ChainCatcher news, the Seoul Central District Court in South Korea completed the review procedure for the arrest appropriateness requested by Yoon Suk-yeol on the 16th, and Yoon Suk-yeol himself did not attend. The court has not yet made a decision on whether to accept or reject the request from Yoon Suk-yeol's side. (Jinshi)

ChainCatcher news, according to Bitcoin Magazine, the Swiss Federal Government has officially begun reviewing a popular initiative proposal titled "Building a Financially Robust, Sovereign, and Responsible Switzerland (Bitcoin Initiative)." The proposal has been published in the Federal Gazette and has entered the signature collection phase, aiming to incorporate Bitcoin into the Swiss national financial system through a constitutional amendment.

ChainCatcher news, according to Bitcoin Magazine, the Swiss Federal Government has officially begun reviewing a referendum proposal titled "Building a Financially Robust, Sovereign, and Responsible Switzerland (Bitcoin Initiative)."The proposal has been published in the Federal Gazette and has entered the signature collection phase, aiming to incorporate Bitcoin into the Swiss national financial system through a constitutional amendment.

ChainCatcher news, Bitget announced an update to its listing standards, further strengthening the token review process. All projects intending to list must pass a rigorous comprehensive evaluation, focusing on the token economic model, token supply and distribution, practicality, and the background and qualifications of the development team. In addition, Bitget requires projects to submit detailed business plans and roadmaps. This series of measures aims to enhance platform transparency and trust, safeguard user interests, and mitigate related risks.For newly listed projects, Bitget will focus on evaluating fully diluted valuation (FDV), funding background, token unlock schedules, as well as financial, security, compliance, political, and ethical risks; for tokens that are already circulating, the review will focus on on-chain data analysis and the comparison between 24-hour trading volume and FDV; for tokens already listed on other exchanges, the focus will be on smart contract security and token distribution.Bitget's Chief Legal Officer Hon Ng emphasized: "Any project intending to list on Bitget must undergo strict legal and technical reviews to ensure that code quality, security, and compliance meet Bitget's listing standards. These measures are designed to better protect users and avoid high-risk projects; projects that do not meet the standards will not be listed on the platform."Bitget's CEO Gracy Chen stated: "Our goal is to create a safe and trustworthy trading environment. By implementing these strict listing standards, we are not only protecting users but also ensuring that projects on Bitget have long-term development potential. We are committed to further expanding the spot market in the coming years, and these strict standards are an important part of achieving this strategy. In addition to the pre-listing review process, we will also provide ongoing support for quality projects after they are listed, helping them achieve long-term success."This update is part of Bitget's global strategy aimed at enhancing user security and strengthening platform compliance, contributing to the healthy growth of the cryptocurrency industry.

ChainCatcher news, Optimism tweeted that it will introduce a new governance experiment, the Optimism Collective Deliberative Processes, in the Retro Public Funding Round 4.The deliberative processes will help Optimism involve representative ordinary users in governance decisions for thorough discussions. In each round of deliberation, some assumptions will be tested, and the results will guide the design of future rounds and/or other parts of the governance system. The implementation steps are as follows: (1) randomly select 50 voters to participate; (2) discuss topics related to the fourth round; (3) between the two meetings, the community can comment on the drafted outcomes; (4) the approved results will be directly incorporated into the voting of the fourth round.

ChainCatcher news, according to The Block, the South Korean Financial Services Commission (FSC) proposed a new amendment on Monday that requires new executives of cryptocurrency companies to obtain approval from regulatory authorities before taking office, which may grant financial regulators more power over the local cryptocurrency industry. The amendment will be revised by the government's legislative department and voted on by the Financial Services Commission, with an expected announcement by the end of March.The FSC stated in the announcement that it intends to "improve" the pain points of the current laws regulating the local cryptocurrency industry. If the law is enacted, new executives of South Korean cryptocurrency companies will only be able to start working after the Financial Services Commission approves their personnel change applications, while the current laws in South Korea regarding the use and reporting of financial transaction information do not specify this requirement in detail.

ChainCatcher message, the Hooked Protocol, which will be announced in its Discord community during the Binance IEO, has upgraded its wallet, and the BUSD assets in the application will be stored using a cold wallet structure to better ensure everyone's security.In addition, Hooked stated that to prevent witch attacks, user applications to convert over 800,000 Gold to uHGT will trigger a review process. The official also reiterated that HGT and uHGT are non-transferable tokens within the DApp and are not intended for speculative trading purposes.It is reported that some community users previously discovered that uHGT could be purchased through Pancake. (Source link)

ChainCatcher news, in response to a previous Bloomberg report regarding the Japan Virtual Currency Exchange Association (JVCEA) attempting to eliminate all crypto token reviews before 2024, JVCEA Vice Chairman Genki Oda stated that this is not entirely accurate: "This does not mean that the pre-review process will be completely abolished; the JVCEA will continue to conduct certain checks." Currently, unless a token is already listed on at least three trading platforms, it must undergo a lengthy pre-review process to be allowed to list on other trading platforms. According to the JVCEA's new rules, if an asset is already listed on one trading platform, other trading platforms do not need to go through the pre-review process to list the same asset. This rule has been shared with the cryptocurrency trading platforms that make up the self-regulatory organization and does not apply to assets that are listed on foreign trading platforms but not on Japanese trading platforms. The relaxed review requirements also do not apply to tokens issued through ICOs and IEOs, as well as crypto assets like stablecoins.Previously, ChainCatcher reported on October 19 that Japan plans to further relax cryptocurrency regulatory rules by simplifying the token listing review process on cryptocurrency trading platforms. According to documents, the agency managing cryptocurrency trading platforms plans to allow them to list tokens without the lengthy review process, unless these tokens are new products in the Japanese market. This rule may take effect as early as December, helping startups compete with established companies by simplifying the token listing process and lowering market entry barriers. By March 2024, the Japan Virtual and Crypto Assets Exchange Association may also eliminate the pre-review for tokens newly entering the country and for tokens issued through ICOs and IEOs. (Source link)

ChainCatcher news, according to Bloomberg, Japan plans to further relax cryptocurrency regulations by simplifying the listing review process for cryptocurrency trading platforms.According to documents, the agency managing cryptocurrency trading platforms plans to allow them to list tokens without a lengthy review process, unless these tokens are new products in the Japanese market.The rule may take effect as early as December, helping startups compete with established companies by simplifying the token listing process and lowering market entry barriers. By March 2024, the Japan Virtual and Crypto Assets Exchange Association may also eliminate the pre-review for tokens newly entering the country and tokens issued through ICOs and IEOs. (Source link)

Chain Catcher News, the cryptocurrency trading platform Upbit announced its token listing procedure last Friday. The listing procedure includes reviewing the transparency of underlying projects, supporting fair participation for trading and investors. The delisting criteria include violations of laws, discovery of technical vulnerabilities, abandonment of projects, and user protection. The trading platform will issue a notice 10 days prior to the token delisting, except in emergencies.Earlier this June, five South Korean trading platforms withdrew from the Korea Blockchain Association and established the Digital Asset Exchange Joint Council. Upbit will play a key role in this self-regulatory organization, which plans to draft policy proposals to gain government attention. (Source link)