Tech News
LAST UPDATE: June 30, 2025
Donald Trump says he has found group of ‘wealthy people’ to buy TikTok
Trump revealed that a group of wealthy U.S. investors is ready to purchase TikTok’s U.S. arm, contingent on approval by Chinese regulators, as part of ongoing contentbar on national security concerns .
Insight
This proposed investor consortium follows Trump’s nationalist approach to Chinese tech. While potentially avoiding an outright ban, the transaction faces regulatory and valuation challenges—China’s cooperation remains uncertain.
BOK Halts Digital Currency Project, Pausing Talks With Banks
South Korea’s central bank (BOK) has suspended the planned second phase of its digital won pilot and paused discussions with banks, shifting emphasis toward privately issued stablecoins, supported by President Lee’s administration .
Insight
The pause signals skepticism about central bank digital currency in favor of private stablecoin innovation. It reflects a strategic pivot that could shape Korea’s digital finance landscape and regulatory approach.
Tougher Singapore crypto regulations kick in
Starting June 30, the Monetary Authority of Singapore requires digital asset service providers serving only overseas clients to have strict licensing, or they must cease operations. The move comes in response to past crypto failures and aims to uphold financial integrity .
Insight
This tightened regime reflects Singapore’s commitment to AML/CFT and positions it as a trustworthy crypto hub. Exchanges are being incentivized to relocate or exit, while Singapore retains high-standard digital finance oversight.
