Regulatory Policy

Focuses on global regulatory developments, policy changes, and compliance requirements. It provides in-depth analysis of government regulations and their impact on the cryptocurrency and blockchain industries, helping businesses and investors proactively manage policy-related risks.

Why Can HashKey Become Hong Kong's 'First Crypto Stock'?

HashKey, a licensed Virtual Asset Trading Platform (VATP) in Hong Kong, has passed the listing hearing of the Hong Kong Stock Exchange (HKEX) and is poised to become the city’s first listed crypto-native company. Its Post-Hearing Information Pack (PHIP) reveals key aspects of its business, compliance, and governance. A major strength lies in its global multi-jurisdictional regulatory compliance, with licenses in financial hubs including Hong Kong, Singapore, Japan, Bermuda, the UAE, and Ireland. This allows it to operate across borders while adhering to local regulations. The platform emphasizes strong technical and internal controls: 96.9% of user assets are stored in cold wallets, customer funds are segregated, and multi-signature approval processes are implemented. It has also developed HashKey Chain, a compliant Ethereum Layer-2 network designed for institutional use, particularly in tokenized securities, which embeds regulatory requirements at the protocol level. HashKey Holdings is incorporated in Cayman Islands and has established a corporate governance structure aligned with HKEX standards, including a board with independent directors and a fully independent audit committee. Its potential listing is seen as a significant milestone, demonstrating that Web3 businesses can operate within regulatory frameworks. It also reflects Hong Kong’s supportive stance toward virtual asset innovation. However, ongoing compliance across multiple regions entails high and continuous operational and legal costs.

marsbit12/14 06:44

Why Can HashKey Become Hong Kong's 'First Crypto Stock'?

marsbit12/14 06:44

Recent Regulatory Positive Developments from the U.S. SEC and OCC: What Impact Will Policy Trends Have?

The U.S. SEC has granted a no-action letter to the Depository Trust Company (DTC), allowing it to tokenize a range of high-liquidity assets—including stocks, ETFs, and U.S. Treasuries—on approved blockchains under controlled conditions. This initiative, expected to launch in late 2026, aims to bridge TradFi and DeFi, enhancing market efficiency, transparency, and accessibility. Simultaneously, the OCC has clarified that crypto-native firms seeking federal banking charters will be evaluated on equal footing with traditional institutions, emphasizing that digital asset activities, including custody services, fall within the permissible scope for national trust banks. Both moves signal a structured yet progressive U.S. regulatory approach toward integrating blockchain technology into the core financial system, potentially setting global standards for digital finance.

marsbit12/14 05:16

Recent Regulatory Positive Developments from the U.S. SEC and OCC: What Impact Will Policy Trends Have?

marsbit12/14 05:16

Fed Chair Race Takes a Surprising Turn: Warsh Overtakes Hassett, Trump's Interest Rate Gambit Places a New Piece

US Federal Reserve Chair Race Shifts: Warsh Surpasses Hassett as Trump's Top Pick In a surprise turn of events, President Trump confirmed to The Wall Street Journal that former Fed Governor Kevin Warsh has become the leading candidate for the next Federal Reserve Chair, overtaking previously favored Kevin Hassett. This shift followed a 45-minute meeting where Warsh aligned with Trump’s desire for lower interest rates. Warsh’s Wall Street experience and previous role at the Fed during the 2008 financial crisis distinguished him from the more academic Hassett. Market probabilities reflected the change, with Hassett’s odds dropping from 85% to 52%, while Warsh’s rose to 38%. Trump has repeatedly criticized current Chair Jerome Powell for not cutting rates aggressively enough, and even suggested the Fed should consult the president on rate decisions—a direct challenge to the central bank’s independence. Other candidates include Fed Governors Christopher Waller and Michelle Bowman, and BlackRock’s Rick Rieder. Historical parallels were drawn to Nixon-era political pressure on the Fed, which led to high inflation. ECB President Christine Lagarde warned that political interference poses a “very serious threat” to global economic stability. Wall Street reacted cautiously, with Jamie Dimon noting both candidates' strengths but acknowledging Warsh’s potential to be an “outstanding chair.” Powell, whose term ends in May, aims to hand over a stable economy but has consistently resisted Trump’s calls for deeper rate cuts. The outcome of this selection will significantly influence global financial markets and test the Fed’s independence in the years ahead.

marsbit12/14 01:53

Fed Chair Race Takes a Surprising Turn: Warsh Overtakes Hassett, Trump's Interest Rate Gambit Places a New Piece

marsbit12/14 01:53

Stablecoin usage in Venezuela likely to keep expanding amid economic instability

Venezuela's economic instability and hyperinflation are driving increased reliance on stablecoins, particularly USDT, as essential tools for daily transactions and as a store of value. According to TRM Labs, nearly a decade of economic crisis, sanctions, and failing traditional infrastructure has made crypto adoption a necessity. Peer-to-peer platforms and crypto-to-fiat conversions are critical in a low-banking environment, with over 38% of Venezuelan crypto site visits going to a major P2P service. Despite regulatory uncertainty, stablecoins are primarily used for payroll, remittances, and commerce rather than speculation. Venezuela ranks 9th globally in crypto adoption when adjusted for population size.

cointelegraph12/14 01:41

Stablecoin usage in Venezuela likely to keep expanding amid economic instability

cointelegraph12/14 01:41

‘No intrinsic value’ – Then why does Bitcoin track RBI liquidity so closely?

An article discusses the Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar's recent criticism of Bitcoin and stablecoins, stating they lack intrinsic value and pose risks to monetary stability. He argued that stablecoins, unlike sovereign currencies, carry no clear promise to pay and facilitate illicit activities. The RBI supports state-backed currency, a stance echoed by institutions like the IMF. In response, the crypto community on social media pushed back, arguing that Bitcoin and stablecoins offer practical benefits like cheaper and faster remittances for Indians. Some warned that delaying a framework for rupee-backed stablecoins could allow dollar-dominated tokens to gain market share instead. Despite the RBI's dismissive stance, the article points out a curious correlation: Bitcoin’s price movements closely track the RBI’s liquidity cycles. When RBI liquidity expands, Bitcoin tends to rise, and it weakens when liquidity tightens. This raises questions about why an asset deemed "not money" moves in sync with traditional financial liquidity forces. The piece concludes by highlighting the widening gap between the RBI’s policy rhetoric and observable market behavior.

ambcrypto12/14 01:02

‘No intrinsic value’ – Then why does Bitcoin track RBI liquidity so closely?

ambcrypto12/14 01:02

What The Conditional Approval Means For Ripple’s Bank And XRP

The Office of the Comptroller of the Currency (OCC) has granted Ripple conditional approval to become a national trust bank. According to crypto analysts, this approval provides Ripple with federal regulatory oversight and significantly strengthens the position of both its RLUSD stablecoin and XRP. Ripple CEO Brad Garlinghouse described the development as a major step forward, particularly for RLUSD, which is positioned as a compliant stablecoin under rigorous supervision. The approval is expected to drive greater institutional adoption of XRP and Ripple’s payment services, with the firm noting that over half of its transactions already use XRP. Swiss bank AMINA has also become the first European bank to integrate Ripple’s services, further expanding XRP's utility. At the time of writing, XRP was trading at $2.01.

bitcoinist12/13 21:02

What The Conditional Approval Means For Ripple’s Bank And XRP

bitcoinist12/13 21:02

The Securities and Exchange Commission publishes crypto custody guide

The U.S. Securities and Exchange Commission (SEC) has published a crypto custody guide outlining best practices and risks for storing digital assets. The bulletin compares self-custody with third-party custody, warning investors to understand policies like asset rehypothecation and commingling. It also details the pros and cons of hot wallets (internet-connected, vulnerable to hacking) and cold wallets (offline, but riskier if keys are lost). The move signals a shift from the SEC’s previously hostile stance under former Chair Gary Gensler. The crypto community welcomed the guide as a transformative step, with some noting the agency is now educating rather than opposing the industry. This follows recent SEC approval for DTCC to begin tokenizing traditional financial assets.

cointelegraph12/13 19:56

The Securities and Exchange Commission publishes crypto custody guide

cointelegraph12/13 19:56

Strategy keeps Nasdaq 100 spot – Will MSCI force $2.8B in outflows?

MicroStrategy secured its spot in the Nasdaq 100 index, providing temporary relief. However, a more significant challenge looms as MSCI is set to issue a ruling in January on whether to reclassify the company. If deemed a "digital asset treasury" firm rather than a software company, it could trigger forced outflows of $2.8 billion to $8.8 billion from passive funds. The company, which holds a vast majority of its assets in Bitcoin, has objected to the proposal, calling it discriminatory. CEO Michael Saylor insists it operates as a "Bitcoin operating company" and is focused on broader ambitions to redefine global banking. The January decision will be pivotal for the company's future and set a precedent for how markets treat firms heavily invested in digital assets.

ambcrypto12/13 16:02

Strategy keeps Nasdaq 100 spot – Will MSCI force $2.8B in outflows?

ambcrypto12/13 16:02

UK Lawmakers Oppose Bank Of England’s Stablecoin Ownership Cap Proposal In New Letter

A cross-party group of UK lawmakers has expressed strong opposition to the Bank of England’s proposal to cap stablecoin holdings, warning it could undermine the country’s ambition to become a global digital assets hub. In a letter to Chancellor Rachel Reeves, MPs and peers argued that the BOE’s plan—which suggests limits of £10,000–£20,000 for individuals and £10 million for businesses—would drive innovation offshore, limit adoption, and position the UK as a "global outlier." They emphasized stablecoins' role in reducing costs, speeding up transactions, and improving financial inclusion. The lawmakers also criticized the requirement for stablecoin reserves to be held predominantly in UK assets, calling it a "massive own goal" that could reduce the pound's global relevance. The Treasury reaffirmed its commitment to a "fair and proportionate" regulatory approach but acknowledged the ongoing consultation.

bitcoinist12/13 15:02

UK Lawmakers Oppose Bank Of England’s Stablecoin Ownership Cap Proposal In New Letter

bitcoinist12/13 15:02

Binance And HTX Get Regulatory Nod To Operate In Pakistan – Details

Pakistan's Virtual Assets Regulatory Authority (VARA) has granted "No Objection Certificates" (NOCs) to Binance and HTX, allowing them to begin preparatory steps to operate in the country. These are not full licenses but permit the exchanges to register with anti-money laundering systems and set up local subsidiaries. The move is part of a phased licensing approach aligned with FATF standards. Pakistan, ranking third globally in retail crypto activity, aims to create a regulated digital asset framework. The NOCs may also cover tokenization of government assets like bonds and bills. Full licensing will depend on further regulatory compliance and the implementation of the proposed Virtual Assets Act.

bitcoinist12/13 13:01

Binance And HTX Get Regulatory Nod To Operate In Pakistan – Details

bitcoinist12/13 13:01

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