According to BlockBeats, on September 2, the Financial Services Commission of South Korea stated that it will operate the digital asset TF until 2028 to prepare for the formulation and implementation of the "Digital Asset Basic Law," including advancing the preparation of lower-level legislation and the construction of digital asset ecosystem infrastructure.

The Financial Services Commission (FSC) stated that South Korea's existing digital asset regulatory system has primarily focused on combating illegal activities and preventing investor losses, while its institutional framework at the industry and market levels, including business practices, information disclosure, and asset issuance and circulation, remains insufficient. Therefore, the FSC plans to finalize the main content of the "Digital Asset Basic Law" by 2026 through the Virtual Assets Committee and consultations between political parties and the government, and to promote the establishment of a more comprehensive regulatory system.

The Financial Services Commission (FSC) also pointed out that South Korea is advancing the development of its digital asset ecosystem and expects to improve infrastructure around associations and other institutions. The report further mentioned that South Korea's legislation on the institutionalization of security tokens (STs) was passed by the National Assembly in January 2026 and is expected to be officially implemented in February 2027. The FSC will continue to improve relevant subordinate regulations and supporting systems.

According to BlockBeats, on September 2nd, CryptoQuant analyst Darkfost wrote that BTC selling pressure remains stable, short-term holders (STH) continue to realize profits, but the market's "apparent demand" has turned negative again, indicating a significant decline in BTC demand over the past few days.

He pointed out that this weakening demand is already reflected in the BTC price structure, and the current price trend is becoming increasingly weak. If demand cannot recover in the very short term, BTC may begin a new round of decline. He emphasized that the market direction is not yet fully determined, and investors still need to remain cautious.

According to BlockBeats, on September 2nd, Felix Pago, a fintech startup providing cross-border remittance services to Latin American immigrants, completed a $200 million Series C funding round. A16z led the $87 million equity funding round, while General Catalyst's Customer Value Fund provided a $113 million credit line.

Felix Pago primarily provides remittance services from the US to Latin America via WhatsApp, with settlements processed using USDC and blockchain. The company plans to use the new funding to expand beyond its core remittance business into financial services such as loans and savings.