South Korea is establishing a new independent bureau to monitor the crypto industry, under the country’s anti-money laundering watchdog, to enhance investor protection. The bureau will be known as the “crypto-asset monitoring bureau.” Meanwhile, the Montreal Canadiens have announced the launch of their first-ever NFT tokens to celebrate their run to the 2021 Stanley Cup Final. Ownership of the NFTs is tokenized by PleasrDAO, who paid a record amount for an NFT of a meme. Additionally, Topps has announced a new NFT collection featuring digital cards and collectibles, with the sale beginning on September 9, 2021. El Salvador is also preparing to adopt BTC as legal tender on September 7, despite low support for the move within the country. Former RBI governor Raghuram Rajan believes in the potential of properly regulated stablecoins for settling cross-border payments. Bollywood celebrity Amitabh Bachchan will release a limited edition NFT collection featuring personal artworks.
