Jia Yueting: Added $2 million in cryptocurrency allocation, increased LINK holdings
Jia Yueting, the founder and co-CEO of Faraday Future, released a business update weekly report, revealing the upcoming announcement of three major growth engines for C10 & C (Crypto) Company, including: C10 Treasury, capital value realization roadmap, and FF EAI Vehicle Chain product deployment strategy, intending to use the Web2+Web3 dual-engine growth system to create value for shareholders. In addition, the weekly report also disclosed that C10 Treasury has added $2 million in cryptocurrency allocation, including increasing the LINK position and making BNB the largest allocation in the core strategic assets, while also officially launching cryptocurrency staking services.
South Korea requires reporting when funds from virtual asset sales are used to purchase a home
according to Digital Asset, the South Korean government has revised the real estate transaction regulations, requiring that when using virtual assets to purchase a house, the funds must be truthfully declared in the fund-raising plan. The new regulations were jointly formulated by the Ministry of Finance, the Ministry of Land, Infrastructure and Transport, and other departments, with the aim of increasing the transparency of transaction funds and preventing illegal funds from flowing into the real estate market. The fund-raising plan will include the funds from selling virtual assets as part of the own funds, and relevant transactions will need to submit supporting documents.