Gold-Backed Digital Assets and Crypto Regulation: A Global Perspective

Bitfinex and Tether innovate with gold-backed digital assets while digital asset funds experience significant outflows amidst tightening federal policies. Explore Web3's role in financial growth and innovation, highlighted by ZA Bank and strategic partnerships. Plus, South Korea and Malaysia take steps towards crypto regulation and taxation.

Sources:
https://www.blockhead.co/2024/06/18/stablecoin-issuer-tether-announces-launch-of-alloy-a-new-digital-asset-backed-by-physical-gold/
https://blockchain.news/news/bitfinex-first-to-list-ausdt-gold-backed-tether-asset
https://www.pymnts.com/cryptocurrency/2024/tether-launches-new-digital-asset-backed-by-tether-gold/
https://www.cryptotimes.io/2024/06/18/digital-assets-see-600m-outflow-after-fed-meeting/
https://coinfomania.com/600-million-flee-crypto-as-investors-eye-tighter-fed-policy/
https://dailyhodl.com/2024/06/17/600000000-leaves-crypto-etps-following-more-hawkish-than-expected-fomc-meeting-coinshares/
https://asianbankingandfinance.net/retail-banking/exclusive/za-banks-devon-sin-why-web3-key-hks-growth
https://www.finanznachrichten.de/nachrichten-2024-06/62513609-wspn-and-digift-forge-strategic-partnership-in-web3-digital-payments-and-investment-008.htm
https://www.prnewswire.com/news-releases/wspn-and-digift-forge-strategic-partnership-in-web3-digital-payments-and-investment-302174077.html
https://www.businesstoday.in/technology/news/story/malaysia-cracks-down-on-crypto-tax-evaders-in-ops-token-operation-433645-2024-06-18
https://bitcoinist.com/new-south-korean-crypto-law-to-review-600-listed-assets/

Outline:
(00:00:00) Introduction
(00:00:36) Bitfinex and Tether Innovate with Gold-Backed Digital Assets
(00:02:17) Digital Asset Funds Experience Significant Outflows Amidst Tightening Federal Policies
(00:04:21) Web3's Role in Financial Growth and Innovation Highlighted by ZA Bank and Strategic Partnerships
(00:06:17) South Korea and Malaysia Take Steps Towards Crypto Regulation and Taxation