Regulatory Policy

Polish parliament approves revived crypto bill, heads to Senate

Poland's lower house of parliament (Sejm) has again passed a crypto bill, sending it to the Senate for review. The bill, which aligns with the EU's MiCA framework, was previously vetoed by President Karol Nawrocki over concerns it threatened freedoms, property rights, and state stability. Despite no changes, a government spokesperson suggests it is now likely to be signed into law after a classified security briefing provided the president with "full knowledge" of its national security implications. Nawrocki had earlier campaigned against "oppressive" crypto laws, advocating for innovation over regulation.

cointelegraph12/19 17:33

ECB eyes onchain settlements next year as lawmakers weigh digital euro privacy

The European Central Bank (ECB) plans to enable blockchain-based settlement in central bank money by next year and is preparing to issue a digital euro, though its privacy features depend on approval from EU lawmakers. ECB executive Piero Cipollone stated that the digital euro would support both online and offline transactions, enhancing resilience and privacy. The offline version would allow device-to-device payments without third-party validation, similar to cash. The ECB aims to address fragmented retail payments and slow cross-border transactions with the digital euro, while also mitigating risks from stablecoins. However, the EU's recent push for increased surveillance and data retention contrasts with the ECB's privacy-focused design. Legislative approval is expected by 2026, with initial transactions possible in 2027 and full issuance by 2029.

cointelegraph12/19 16:23

210 Bitcoin Land On Taiwan’s Balance Sheet After Asset Crackdowns

Taiwan's government has taken custody of 210.45 Bitcoin (BTC), along with other cryptocurrencies including Ethereum and stablecoins, following criminal investigations into fraud and money laundering. The assets, valued at over NT$1.3 billion, are under judicial control and not yet considered state reserves. Court procedures will determine their final use—whether returned to victims, retained as evidence, or auctioned. This highlights the growing challenge for authorities in managing seized digital assets, securing them, and establishing clear regulatory guidelines for their disposition.

bitcoinist12/19 16:01

Crypto Industry Voices Opposition To Potential Limits On Stablecoin Rewards In Legislation

A coalition of cryptocurrency firms, led by the Blockchain Association, is urging the Senate Banking Committee to reject provisions in the recently passed GENIUS Act that could restrict stablecoin rewards. The legislation currently prohibits stablecoin issuers from offering interest but allows third-party platforms to provide rewards. The banking industry argues this is a loophole that could lead to deposit outflows, while crypto advocates maintain the law strikes a necessary balance for competition. They challenge the banks' claims, citing a lack of evidence linking stablecoins to reduced bank lending and accusing them of protectionism. Democrats suggest a compromise is possible to protect the banking system while permitting rewards.

bitcoinist12/19 14:40

The Catfish Effect Emerges: Stablecoins Are Forcing the Banking System to Improve Efficiency and Interest Rates

The article "The Catfish Effect: Stablecoins Are Forcing Banks to Improve Efficiency and Interest Rates" challenges the initial fear that stablecoins would trigger massive bank deposit outflows. Instead, research indicates that due to the "stickiness" of deposits—where traditional checking accounts remain central for interoperability with mortgages, credit cards, and salaries—no significant correlation exists between stablecoin growth and bank disintermediation. Rather than being a threat, stablecoins act as a competitive force, compelling banks to offer higher deposit rates and improve operational efficiency. Proper regulation, like the GENIUS Act which mandates full reserve backing with safe assets, addresses risks such as runs and liquidity issues. Ultimately, stablecoins complement the traditional system, promising efficiency gains through atomic settlement and faster cross-border payments, potentially upgrading the dollar's infrastructure and fostering greater financial inclusion.

比推12/19 14:36

What Malaysia’s royal stablecoin reveals about Asia’s shift to tokenized money

Malaysia's RMJDT is a ringgit-pegged stablecoin issued by Bullish Aim, a company linked to Johor's Crown Prince, on the Zetrix blockchain. Designed for payments and cross-border trade, it is backed by ringgit cash and government bonds, with a conservative reserve model. A separate treasury funded with Zetrix tokens aims to ensure network stability. This initiative reflects Asia's broader shift toward regulated tokenized money, where stablecoins are increasingly subject to licensing, reserve rules, and redemption requirements. It also highlights the growing need for onchain settlement in local currencies to support the expansion of tokenized assets, as seen in regional efforts like Singapore's Project Guardian. Regulatory frameworks in Hong Kong, Singapore, and Japan emphasize supervised issuance, aligning with Malaysia's phased approach to financial tokenization.

cointelegraph12/19 13:15

After the Breakthrough Year of 2025, Is a $10 Trillion Crypto Market No Longer a Pipe Dream?

The year 2025 has been a landmark period for the cryptocurrency industry, marked by a global breakthrough in regulatory compliance. Key developments include the U.S. shifting from restrictive policies under the Trump administration—such as establishing a strategic Bitcoin reserve and passing the GENIUS Stablecoin Act—to creating a clear federal regulatory framework. The EU further implemented its MiCA regulation, enabling licensed crypto firms to operate across all member states, while Hong Kong introduced its own stablecoin ordinance, accelerating Asia’s compliance efforts. This regulatory clarity has encouraged institutional participation, with corporate crypto allocations reaching $120 billion in the first three quarters of 2025—a 450% increase from 2024. The approval of numerous crypto ETFs, including BlackRock’s $70 billion Bitcoin ETF, provided new avenues for mainstream investment. Major companies like Walmart and Amazon began exploring stablecoins for cross-border settlements, reducing costs by up to 60%. Industry leaders such as Coinbase, OKX, and Binance expanded their global compliance efforts, acquiring licenses in multiple jurisdictions and adapting to new regulations. Investment firms like a16z and Fidelity also played roles in shaping policies and promoting institutional adoption. With a mature regulatory foundation now in place, the crypto market is transitioning from speculative trading to real-world utility. The path toward a $10 trillion market cap appears increasingly achievable as compliance drives broader adoption, stability, and integration with the traditional financial system.

marsbit12/19 13:06

Jump Trading Sued for $4B Over Alleged Terra Manipulation

In a major lawsuit, Terraform Labs' bankruptcy administrator is seeking up to $4 billion in damages from Jump Trading and its executives, alleging market manipulation that contributed to the 2022 collapse of the Terra ecosystem. The suit claims Jump entered into secret agreements to purchase LUNA tokens at a massive discount and artificially propped up the TerraUSD stablecoin, concealing fundamental flaws in its algorithmic design. These alleged actions, including undisclosed transfers of nearly 50,000 BTC, were kept secret to avoid regulatory scrutiny. This is the second significant legal challenge for Jump related to Terra, following previous settlements with regulators.

TheNewsCrypto12/19 12:54

Operation Chokepoint 2.0 Concludes as Fed Withdraws Crypto Restrictions: A Long-Overdue Institutional Shift

The article discusses the end of "Operation Chokepoint 2.0," a coordinated U.S. regulatory effort to restrict banking services for the cryptocurrency industry in 2023. Internal FDIC documents confirmed this de-banking campaign, which increased regulatory friction and limited crypto firms' access to banking services following the collapse of several banks. A key tool was a Federal Reserve policy that classified crypto-related activities—such as stablecoin services, on-chain settlement, and crypto custody—as "high-risk innovation," subjecting them to additional scrutiny. Recently, the Federal Reserve officially revoked this restrictive policy, signaling a shift in regulatory approach. This change is not due to a sudden pro-crypto stance but reflects the growing recognition that isolating the industry is increasingly impractical. Stablecoin adoption has expanded, on-chain dollar settlements have become more frequent, and capital flows have continued outside the traditional banking system, creating potential systemic risks. The case of Custodia Bank, which was denied a master account and access to the dollar clearing system, exemplifies the impact of these policies. Custodia has since sought a rehearing, and its legal challenge is seen as a test of whether regulators are moving from a default rejection to a compliance-based准入 approach. Concurrently, the SEC issued guidance on how broker-dealers should custody crypto assets, detailing requirements for private key management, blockchain risk assessment, and response to extreme events like 51% attacks. Other agencies, like the OCC, have also expanded recognition of stablecoins and custody services. The overall trend indicates a regulatory pivot from blocking crypto to managing it structurally. Activities are being modularized into manageable components—settlement, custody, clearing, and risk control—rather than being treated as a monolithic high-risk category. The shift acknowledges that on-chain dollar flows are now a integral part of global finance, and regulators must engage with them rather than remain absent. The real impact will be seen in who is permitted to participate in the next phase of the dollar settlement and custody system.

marsbit12/19 11:30

US SEC Issues Key Crypto Custody Guidelines For Broker-Dealers

bitcoinist12/19 11:03