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South Korea’s SEC forms a committee to discuss the approval of Bitcoin and crypto ETF

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In a significant development for the cryptocurrency market in South Korea, the Financial Services Commission (FSC) has taken a proactive step by forming a virtual asset committee. This move is aimed at discussing the potential approval of Bitcoin and other cryptocurrency Exchange-Traded Funds (ETFs). The formation of this committee marks a pivotal moment in the country’s approach to digital assets, reflecting a growing interest in integrating cryptocurrencies within the formal financial system.

The committee’s establishment comes at a time when the global financial landscape is increasingly accommodating cryptocurrencies. Countries are exploring ways to regulate and incorporate them into their economies, recognizing the potential benefits and risks associated with digital assets. South Korea’s decision to reconsider its stance on cryptocurrency ETFs could pave the way for a more robust and regulated crypto market within the nation.

The discussions by the FSC’s virtual asset committee will delve into critical issues surrounding the approval of spot exchange-traded funds (ETFs). This includes evaluating the risks and opportunities presented by allowing corporate accounts for crypto exchanges and the broader implications for the financial market. The committee’s deliberations are expected to be thorough, taking into account the complex nature of digital assets and their impact on financial stability and investor protection.

The move by South Korea’s FSC is indicative of a shift in perspective towards cryptocurrencies. Previously, there was a cautious stance, with the ruling party backtracking on an election promise to ease restrictions on local spot Bitcoin ETFs. However, the formation of the committee suggests a willingness to revisit these policies and potentially align with global trends where countries like the United States have already approved spot Bitcoin ETFs.

Crypto ETFs provide investors with exposure to cryptocurrencies without the need to directly purchase or store them, eliminating the complexities of managing digital wallets and crypto exchanges. For many investors, the world of cryptocurrency is daunting due to its technical nature. Crypto ETFs simplify the process, allowing investment through regular brokerage accounts, making it more accessible to a broader audience.

Investors benefit from increased security as the ETF provider is responsible for the safety of the fund. This reduces the risk of security issues that individual crypto holders might face, such as phishing attacks or crypto heists. By pooling various cryptocurrencies into a single fund, crypto ETFs offer a diversified and cost-effective investment option. This can be particularly advantageous for individuals looking to invest in the crypto market without incurring high costs associated with buying and maintaining multiple cryptocurrencies.

The outcome of the committee’s discussions could have far-reaching consequences for the cryptocurrency market in South Korea. Approval of Bitcoin and crypto ETFs would not only expand investment options for local investors but also potentially reduce the ‘Kimchi premium’—the higher price South Koreans pay for cryptocurrencies compared to other markets. It would also signify South Korea’s entry into a growing list of countries that deal with these investment products, marking a significant milestone in the country’s financial innovation journey.

As the world watches, the decisions made by South Korea’s virtual asset committee will undoubtedly influence the future trajectory of the cryptocurrency market, both locally and internationally. The committee’s comprehensive review process and the subsequent decisions will be a testament to South Korea’s commitment to fostering a progressive and secure financial environment in the era of digital currencies.

Unlocking A Business Full Potential through Partnerships – Tekedia Mini-MBA

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He is the Global Channel and Partnerships Sales Manager of DigitalEd Canada, a leading edtech company in North America. He served as the General Manager, Partnership & Alliance Cloud at Globacom. Before Globacom, he was the Senior Manager (Enterprise Business) at MTN Nigeria. Ezekiel Bamigboye is a zen-master of business partnership and growth. And he will be at Tekedia Mini-MBA to educate us on “Unlocking A Business Full Potential through Partnerships”.

“Uwa bu ahia” [the world is a market] the Igbo Nation would say. Yes, if the world is a market, every part of the world is available for business. Most times, the best playbook is forming partnerships and alliances with other entities to unlock the world of opportunities. Join us today to understand how to do just that.

Tue, Oct 15 | 7pm-8pm WAT | Unlocking A Business Full Potential through Partnerships – Ezekiel Bamigboye, DigitalEd | Zoom link in the Board

Tekedia Institute >> our product is knowledge.

My Response on World Bank’s Comment on Nigeria’s Reforms and Fuel Subsidies

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I got the messages: “The World Bank has said Nigeria was losing around N10 trillion in foregone revenue to fuel subsidy and multiple exchanges as of 2022 before the implementation of President Tinubu’s reforms…The World Bank also noted that the country was on the brink of collapse before the introduction of the critical reforms of removal of subsidy and exchange rate unification.”

My Response: The World Bank point is self-evident and there is nothing to dispute. I never said that Nigeria was not losing money on subsidies. If Nigeria was losing N10 trillion as a government before recent policies, my position was that after the policies that Nigerian companies and people could lose more than that, if the policies were pursued as designed.

MTN alone has flipped from hundreds of billions of Naira profit  to more than N600 billion in losses.  If you look at lost revenue, what happened was the “loss” moved from the government to companies. Also, because the World Bank’s predicted N750/$ optimal FX did not happen, every Nigerian has lost at least half of his or her  purchasing power since as an  import-dependent country, prices of many things have gone up. That is estimated at more than N100 trillion of loss for consumers (in my model, the total money consumers send to merchants yearly in Nigeria is about $350 billion yearly).

I have NEVER argued that the government was not losing money on subsidies. My position was that the proposed plan would not solve the problem, as it would destroy companies and the economy, shifting the loss to companies and the citizens. In all great economies in this world, governments pick something to subsidize; Nigeria cannot be off-subsidy.

In the United States, the US postal service (USPS) has never made a single profit in the last 20 years. So, even if Nigeria was losing money because of fuel subsidies, it must not be interpreted that it was all doom, if we are strategic with zero corruption. In Nigeria, we killed NIPOST because it recorded some red lines even though the total economic activity the NIPOST was powering in Nigeria was enough (from the big picture) to offset the small loss.

But because Nigeria was not looking at the big picture, we killed NIPOST, rail system, etc. Do you know that the US government funded Amtrak rail system has been losing money since 1971? But in Nigeria, we shut down our Nigeria railways because it recorded losses even though Amstrak has NEVER made a profit since 1971. But the US is fine with it knowing that Amtrak powers the economy and the taxes therein offset those losses.

Nigeria froze our postal service and railway because they were not profitable. Nigeria was not looking at the big picture. For the US, USPS and Amstrak power economy, and the taxes on the broad economic activities therein offset the companies’ losses.

Good People, if a bird flies from the land and perches on the ant-hill, it is still very much on the ground. Nothing has happened as I predicted in June 2023 when we began to roll out the reforms. What is happening is that companies and people are the ones losing now, and not the government, and the loss is huge as asset values have been wiped via FX, inflation and other vectors. What the World Bank is writing is contradictory because it cannot fail to see that in the process of the government saving the milk, it dropped the jar which has caused losses for citizens and companies.

Subsidy is not bad. The challenge in Nigeria is the corruption in subsidies. If the World Bank had focused on helping the government reform the process, we could have had losses in the subsidy but the impact would have improved our economy, quickly offsetting the direct losses. The problem, unfortunately, is that we threw away the baby with the water.

How to Add People on Telegram

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How to Add People on Telegram

Telegram has recently surged in popularity as a messaging and group chatting alternative. That’s all thanks to its creative elements, such as cloud-based texting, video calls, group chats, and application customizations. These elements make it easy to interact and connect with your intended audience more genuinely and memorably.

Many people still need help with simple actions like adding people to Telegram. This article highlights a step-by-step guide on effectively adding Telegram members using various methods.

Add Your Friends by Invite Link

One of the easiest ways to add your friends on Telegram is by using the invite link and growing your Telegram community. Here’s a step-by-step guide to effectively add a contact via the invite link;

  • Go ahead and download the app if you haven’t already. Then, open the app.
  • From there, tap on the ‘drop-down’ icon on the top left corner of the app. You will see a list of different settings.
  • Select the ‘Invite Friends’
  • Next, tap on the ‘Share’ Telegram option to create a download link for your friends.
  • The link has an already-generated message, which you can customize for a more personal experience. That increases the chances of your friend joining using your invite link.

For this to be possible, you must grant Telegram access to your contact list. Go to settings and enable Telegram to have access to your contact list. With that, you can now share this invite link directly in your messages or on other messaging platforms such as WhatsApp.

Add People on Telegram by Username

You can also use the app’s search feature to find new contacts and add them to Telegram. That can come in handy especially if you want to add people who you only know their username but need their contact info. Here’s how you can add people on Telegram by username:

  • Open the Telegram app. Of course, if you haven’t installed it, now is the perfect time.
  • Immediately after, click on the ‘search icon’ at the top right corner of the app
  • You will be presented with a search bar. Type the ‘username’ in this section
  • To broaden the search beyond your immediate contact lists and messages, click on the ‘show more’ icon in the right corner, just next to the Global search icon.
  • That should help you see a list of channels and contact lists of people beyond your immediate contact list.

The search bar is well-segmented into chats, Global searches, and messages that include that specific username. That makes it easy for you to add people by username on Telegram. Moreover, this technique allows you to connect with your online community members. Unfortunately, this specific method has a limitation. This technique can only add up to 200 people.

How to Add More People on Telegram

As you’ve already figured out, Telegram limits who can add members. This can sometimes impact your influence on this platform, especially if you are trying to add people to a Telegram group.

Thankfully, there’s a way out. If you want to add unlimited members and achieve natural growth on Telegram quickly and effectively, your best option is to buy them. You can instantly boost your Telegram presence and group credibility by doing so.

Buy Telegram Members

That makes your brand even more attractive to organic Telegram members. Buying Telegram members is a strategic way of enhancing your group’s visibility and appeal to potential members.

That said, go ahead and purchase Telegram members from Buy Real Media to ensure authentic and sustainable growth. Buy Real Media offers genuine members who will contribute to your group’s activity and engagement levels, helping your community grow. By investing in genuine members through Buy Real Media, you can easily add more members to your Telegram group.

This technique is ideal for personal brands, businesses, influencers, and even community leaders looking for ways to impact Telegram and connect with their respective audiences.

FAQ

Can I Add Someone on Telegram if I don’t know them?

Yes, you can. The app’s search bar allows you to add someone on Telegram with their username. The only thing you need to know is their Telegram username.

Will a Person be notified if I add them on Telegram?

Yes, they do. This notification helps the user identify who added them on Telegram.

How Many Members can I add to my Telegram Group?

Unfortunately, you can only manually add 200 people to your Telegram Group. However, if you want to have more people on your Telegram channel, the simple answer is to buy them.

9 Easy Ways to Build a Loyal Community on Kick

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9 Easy Ways to Build a Loyal Community on Kick

We can all agree that your community is the single most important driving force that will get you to success on Kick. And with the stiff competition on this already overpopulated platform, you definitely need a loyal following that will back up your brand to even grow.

Loyal viewers create a supportive environment, transforming passive viewers into active members who are more likely to share, subscribe, and continue watching future videos.

With that in mind, in this article, you will learn effective tips that will help you build a Kick community of supportive and interactive followers. By using these strategies, you can foster long-lasting support and achieve significant channel growth.

How to Build a Loyal Community on Kick

Here are the top proven ways you can use to build a Kick community:

1. Buy Kick Followers

Buy Kick Followers

To create a strong online presence on Kick, you have to start with a sizeable following. That is why buying Kick followers will significantly boost the credibility of your stream, making it more attractive to new visitors and facilitating organic growth.

More importantly, it’s crucial to purchase Kick followers from a reputable source to avoid low engagement and fraudulent accounts. In light of that, you can buy genuine kick followers from GetAFollower, Click here!

Having real followers makes your streams appear more popular, increasing visibility and effortlessly attracting organic viewers. Combining this method with organic approaches can build a loyal community and expand your reach.

2. Create High-Quality Content

High quality streams have a way of attracting loyal and eager followers to your profile. When your streams have good video and sound, your viewers will like to stay longer. Invest some money into a good microphone, webcam, and proper light. Simply put, make sure your streams and of high quality and your message can be heard loud and clear.

Above all, ensure when you start a stream, you’ve double-checked your entire equipment and stream quality so you don’t have any missus during the entire session. That way, you can easily draw in the attention of your target audience and keep them coming back for more.

3. Stream at Regular Time

Make your streams predictable, and your audience will definitely appreciate you for that. By establishing a consistent timetable, your viewers will know exactly when to tune in, allowing them to incorporate your videos into their schedules.

This predictability fosters trust as your audience begins to anticipate your content at specific times. So go ahead and create a content calendar and schedule to help you stay accountable. Take into consideration your availability and your audience’s online activity patterns.

With that, create a posting schedule you can easily stick with and also reflect when your audience is most likely available to watch your stream. More importantly, stay consistent with it to showcase your professionalism and strengthen your connection with your audience.

4. Engage Regularly with Your Audience

Having a direct interaction with your audience is quite essential if you want to create a community of loyal Kick fans. So, by simply responding to comments, and addressing your viewers by their names in your live stream, you demonstrate that you value their opinions.

That said, engage with your audience as much as possible through greetings, responding to questions, and acknowledging their contributions. Whenever possible, hold Q&A sessions to encourage audience participation and engagement.

Additionally, you can incorporate polls and live chats into your streams to make your viewers feel like an integral part of your streams. Maintaining a genuine and consistent connection with your community demonstrates a sincere concern for their well-being and interests, ultimately fostering viewer loyalty and ensuring sustainable growth.

5. Be Yourself and Build Trust

Authenticity on Kick goes a long way, more so when it comes to establishing a genuine connection with your audience. By being genuine and relatable, people will feel a deeper connection with you beyond just being a streamer.

With that in mind, share personal stories, experiences, or challenges you’ve encountered to foster transparency and establish trust. A consistent approach to both your words and actions is quite crucial to enhance your brand’s level of trust from your audience.

When others witness your honesty and reliability over time, they will trust and support you more. Creating an environment of authenticity and openness fosters a sense of safety and loyalty among your audience.

6. Offer Special Rewards to Fans

Rewarding your loyal viewers with special treats encourages them to continue engaging and fosters the feeling of belonging. In turn, that motivates your followers to prolong their viewing experience, further enhancing your visibility and your stream’s appeal to new audiences.

Consider offering your audience exclusive access to content such as behind-the-scenes clips, exclusive streams and early access to your branded merchandise. What’s more, give shoutouts during your streams to your most loyal fans will make them feel appreciated.

Another technique you can employ is awarding special badges or emotes to your long-term followers or subscribers. Such personalized rewards strengthen the bond you have with your audience, encouraging their continued activity and loyalty within your community.

7. Create Community Challenges

Create Community Challenges

Creating community challenges is another great way to engage your audience and foster a sense of unity. These enjoyable and interactive asks encourage viewers to participate and collaborate, making them feel like important contributors to your Kick channel’s growth.

Start by hosting fan contests where viewers can submit something as interesting as art pieces, current game level and other items related to your streams. With that, you can showcase your viewer’s creativity to the rest of your audience, fostering a stronger connection with your brand.

On Kick, gaming challenges are quite a popular option and will definitely get your audience engaged. These challenges can include overcoming difficult games or even completing in-game objectives.

8. Team Up with Other Streamers

Working with another streamer could potentially introduce your content to an engaged audience that wouldn’t have otherwise discovered your great work. That further amplifies your brand presence and trust, making it easier to build your community of loyal followers.

Take this opportunity to work on a project with another streamer in your niche, such as playing games together, discussing different topics, or responding to audience content on a co-hosted stream. Such activities will enhance your content’s visibility. And a plus, working with another streamer will be a fun and engaging experience for both groups.

9. Host Exciting Giveaways

Finally, you can host giveaways to get your audience excited about your streams. Giveaways tend to generate a lot of hype, encouraging interaction and boosting overall audience involvement.

To create a successful giveaway, start by promoting it in advance. That gives your audience ample time to plan for your giveaway and activity participate in it. And on top of that, you can also get your audience to promote your giveaway to their individual followers to enter the contest.

Choose a reward that perfectly aligns with your audience’s preferences, for instance store card, or video game merch for a gaming-oriented streamer. That will enhance the appeal and significance of the giveaway.

Conclusion

Well, there you have it! With these tips, you can seamlessly build a community of loyal and interactive audience on Kick. Take these strategies into action and watch as your overall community engagement and loyalty on Kick goes through the roof.