Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Foreign cryptocurrency exchanges have distanced themselves from South Korea due to tighter regulations against virtual coins.
US-based cryptocurrency exchange Bitfront, set up by the messaging app company Line, will discontinue payments with Korean credit cards and stop providing a Korean-language service on Sept. 14, citing the tougher regulations.
Earlier, Binance, the world's largest cryptocurrency exchange, announced it halted Korean currency trading pairs and payment options.
Under the stiffer regulations, cryptocurrency exchanges targeting Korean investors must register with the nation's anti-money laundering body by Sept. 24 and disclose their details on risk management.
Banks are also required to issue real-name accounts in line with stricter guidelines to prevent money laundering.
Consequently, cryptocurrency exchanges with no real-name bank accounts will be unable to withdraw money for cryptocurrency trading by Sept.25.
Separately, South Korea will impose a 20 percent capital gains tax from cryptocurrency transactions next year, despite pleas for delaying the taxation plan.
Many analysts expect minor Korean cryptocurrency exchanges, which are estimated to number around 100, to shut down because they are unlikely to comply with the tougher regulations.
Korean investors continue to buy virtual currency as a lucrative investment amid the pandemic.
