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.

Japan Launches Historic Crypto Regulatory Overhaul: Crypto Assets to Be Formally Included in Securities Law, Fully Departing from the 'Payment Tool Era'

Japan's Financial Services Agency (FSA) is advancing a historic regulatory reform to shift cryptocurrency regulation from the Payment Services Act (PSA) to the stricter Financial Instruments and Exchange Act (FIEA). This reclassification officially recognizes crypto assets as investment products, similar to stocks and bonds, and subjects them to securities-level investor protection and disclosure standards. The reform, based on a finalized report from an expert panel, aims to enhance investor safeguards, combat fraud, and align with international frameworks like the EU's MiCA. Key measures include stricter disclosure requirements for Initial Exchange Offerings (IEOs), stronger enforcement against unregistered platforms—including overseas and decentralized exchanges—and a ban on insider trading and market manipulation. Additionally, Japan is considering reducing the crypto tax rate from up to 55% (miscellaneous income) to 20% (capital gains), matching stock taxation, to encourage institutional and retail investment. The changes are expected to be enacted by 2026.

marsbit12/10 15:49

Japan Launches Historic Crypto Regulatory Overhaul: Crypto Assets to Be Formally Included in Securities Law, Fully Departing from the 'Payment Tool Era'

marsbit12/10 15:49

Crypto Market Structure Bill [CMSB]: Can Congress deliver clarity before the next bull run?

The long-awaited Crypto Market Structure Bill (CMSB), a Republican-led effort, has advanced as Democrats privately review a compromise draft. This progress occurs amid market instability, raising questions about how its passage might impact fragile conditions. The bill faces strong opposition from organized labor, notably the American Federation of Teachers, which warns it could expose workers' pensions to "profound risks" and weaken existing safeguards. Meanwhile, key author Senator Cynthia Lummis is pushing for a formal markup next week, aiming to finalize the bill before the holidays and pass it by 2026. This political struggle contrasts with corporate confidence, exemplified by Michael Saylor's Strategy reporting strong Bitcoin returns. The Federal Reserve's potential rate cuts add another layer, leaving the market to wonder whether regulatory clarity or macro liquidity will drive the next bull run and if institutions can finally reduce regulatory risk.

ambcrypto12/10 15:27

Crypto Market Structure Bill [CMSB]: Can Congress deliver clarity before the next bull run?

ambcrypto12/10 15:27

CBDC Ban Stalls Five Months After the House Passed Anti-Surveillance Act

Key Takeaways: Despite unanimous Republican opposition to central bank digital currencies (CBDCs) in Congress, efforts to ban them have stalled. Five months after the House passed the Anti-CBDC Surveillance State Act, the legislation has not progressed further. Republican leaders, including Speaker Mike Johnson, reportedly promised to include anti-CBDC language in the National Defense Authorization Act (NDAA) but failed to do so. Lawmakers like Rep. Keith Self and Rep. Marjorie Taylor Greene have expressed frustration with the party's inaction, citing broken promises and a lack of priority for the issue amid other legislative conflicts and the government shutdown. The GOP leadership has missed multiple opportunities to advance the ban, leaving the bill's future uncertain.

ccn.com12/10 14:50

CBDC Ban Stalls Five Months After the House Passed Anti-Surveillance Act

ccn.com12/10 14:50

Crypto Market Prices the Verdict: $1.8 Billion Bet on Do Kwon's Sentencing Outcome

The cryptocurrency market is witnessing an extraordinary $1.8 billion in futures trading volume for LUNA and LUNA2 tokens, despite their lack of fundamental value. This surge in speculative activity is directly tied to the upcoming sentencing hearing of Terraform Labs co-founder Do Kwon in a New York federal court on December 11th. Prosecutors are seeking a 12-year prison sentence for Kwon’s role in the $40 billion Terra-LUNA collapse, while his defense team is arguing for a 5-year term. This 7-year discrepancy has created a high-stakes betting environment. The market is characterized by extreme divergence, with a high volume of short positions (indicated by negative funding rates) and a powerful counter-force of buyers attempting to squeeze those shorts. The article argues that the current LUNA traders are not the original victims of the crash but are now primarily event-driven speculators, quantitative funds, and opportunistic traders. For them, LUNA has been transformed from a failed project into a pure "legal derivative," a volatile instrument whose price is entirely driven by the legal outcome of Kwon's case, devoid of any fundamental anchor. The author concludes that regardless of the sentencing outcome—whether a harsh or light sentence—the event's conclusion will likely cause LUNA's price to collapse. A harsh sentence would reaffirm its zero fundamental value, while a light sentence would trigger a "sell the news" event. This situation exemplifies the crypto market's cold, hyper-efficient ability to price and monetize anything, including justice and a person's freedom, reducing moral judgment to mere noise against the pursuit of volatility and profit.

比推12/10 14:17

Crypto Market Prices the Verdict: $1.8 Billion Bet on Do Kwon's Sentencing Outcome

比推12/10 14:17

Japan plans major shift as crypto moves from payments to securities law

Japan's Financial Services Agency (FSA) is planning to shift cryptocurrency regulation from the Payment Services Act to the Financial Instruments and Exchange Act (FIEA), treating crypto primarily as investment products rather than payment methods. This move aims to enhance user protection by imposing stricter disclosure rules for initial exchange offerings (IEOs), including mandatory pre-sale information, third-party code audits, and issuer identity disclosure. The new framework also strengthens measures against unregistered platforms and explicitly prohibits insider trading. The regulatory shift coincides with government discussions to implement a flat 20% tax rate on crypto trading profits.

cointelegraph12/10 14:03

Japan plans major shift as crypto moves from payments to securities law

cointelegraph12/10 14:03

In Surgut, 'Money Launderers' Laundered Nearly ₽100 Million Through Cryptocurrency

In Surgut, Russia, enforcement authorities have dismantled an organized criminal group that laundered nearly 100 million rubles using cryptocurrency. The group specialized in the illegal circulation of payment means, according to an official statement from the Ministry of Internal Affairs. The criminals purchased bank cards from individuals to gain access to their accounts, which were then used to collect illicitly obtained funds. The group subsequently cashed out the money, converted it into cryptocurrency, and transferred it to their "curators," charging a commission of 3-15% for their services. According to data from a cryptocurrency exchange, the transaction volume involving the suspects exceeded 94 million rubles. The purchased bank cards were also used for remote thefts across Russia. Three members of the group have been detained, with another placed under travel restrictions. A criminal case has been initiated under the relevant article of the Russian Criminal Code. The Bank of Russia plans to enhance monitoring of the crypto market and strengthen measures against fraud, including the launch of the "Antidrop" system by mid-2027. This system will provide banks with information on "drops" – individuals whose bank details are used for shadow transactions. As part of this effort, banks will be required to link Russian citizens' accounts to their tax identification numbers (INN).

RBK-crypto12/10 12:04

In Surgut, 'Money Launderers' Laundered Nearly ₽100 Million Through Cryptocurrency

RBK-crypto12/10 12:04

Canadian Crypto Traders In Trouble? Regulator Flags 40% For Possible Tax Fraud

Canada's tax authority, the Canada Revenue Agency (CRA), has identified that approximately 40% of cryptocurrency users may be at risk of tax non-compliance. This finding is part of a broader effort to integrate crypto activity into the tax system. The CRA's specialist unit has conducted over 230 audits, recovering between C$72 million to over C$100 million in unpaid taxes. The agency has increasingly used court orders to obtain user data from platforms like Dapper Labs, as crypto transactions are often difficult to trace. While civil recoveries have been significant, criminal charges remain rare due to the high burden of proof required for establishing willful tax evasion. The CRA's actions signal heightened scrutiny for both crypto users and platforms, emphasizing the importance of maintaining accurate records.

bitcoinist12/10 12:00

Canadian Crypto Traders In Trouble? Regulator Flags 40% For Possible Tax Fraud

bitcoinist12/10 12:00

U.S. Stablecoin Regulatory Framework Finalized, Global Crypto Finance Enters New Institutionalized Phase

The United States has enacted its first federal regulatory framework for stablecoins, marking a pivotal moment for the global cryptocurrency industry. This framework transitions stablecoins from a state of fragmented oversight to a unified federal system, establishing clear legal definitions and operational standards for dollar-pegged payment stablecoins. Key provisions mandate that stablecoin issuers must hold high-quality liquid assets—such as cash and short-term U.S. Treasury securities—as reserves. They are also required to comply with strict auditing, transparency, risk management, and consumer protection rules. The regulatory structure adopts a dual approach: larger issuers will be overseen at the federal level, while smaller ones may fall under state jurisdiction. This development is expected to significantly enhance the role of stablecoins like USDC and USDT as critical infrastructure for cross-border payments, settlements, and decentralized finance (DeFi). By providing legal certainty, the framework is likely to encourage greater adoption by traditional financial institutions, payment companies, and fintech firms, integrating stablecoins more deeply into the mainstream financial system. However, the new rules also present challenges. Higher compliance costs and operational requirements may pressure smaller issuers and could lead to industry consolidation. The shift emphasizes regulatory-driven competition over innovation-driven growth. Furthermore, global regulatory disparities remain, as jurisdictions worldwide have differing definitions and standards for stablecoins, potentially creating friction in international flows. Overall, this U.S. regulatory move signals a structural shift from an enforcement-led approach to a rules-based system for digital assets. It is seen as a maturation of the industry, setting the stage for stablecoins to evolve from crypto trading tools into foundational components of the future digital financial ecosystem, including in cross-border trade, retail payments, and financial market settlements.

cointelegraph_中文12/10 11:16

U.S. Stablecoin Regulatory Framework Finalized, Global Crypto Finance Enters New Institutionalized Phase

cointelegraph_中文12/10 11:16

Securities or Commodities? A Decade-Long Tug-of-War Ends as the 'Crypto Market Structure Act' Races to the Senate

The "Cryptocurrency Market Structure Act" (CLARITY Act) is advancing to the U.S. Senate for final review after passing the House with strong support. The bill aims to resolve the long-standing regulatory debate over whether cryptocurrencies are classified as securities or commodities. It introduces a clear framework: tokens on decentralized blockchains are defined as "digital commodities" under CFTC oversight, while those meeting the Howey test remain securities regulated by the SEC. Key provisions include a "mature blockchain" exemption for highly decentralized networks like Bitcoin and Ethereum, a 360-day temporary registration pathway for trading platforms, and a fundraising exemption of up to $75 million for certain token offerings with enhanced disclosure. The bill also establishes a joint advisory committee to improve coordination between the CFTC and SEC and explicitly exempts non-custodial DeFi actors from broker-dealer regulations. This legislative effort aligns with the Trump administration's pro-crypto stance, including the appointment of industry-friendly leaders at key agencies like the SEC and CFTC, and recent moves to allow regulated spot crypto trading on CFTC-approved exchanges. If enacted, the law would provide regulatory clarity, encourage institutional adoption, and position the U.S. as a leader in the digital asset space.

Odaily星球日报12/10 11:03

Securities or Commodities? A Decade-Long Tug-of-War Ends as the 'Crypto Market Structure Act' Races to the Senate

Odaily星球日报12/10 11:03

The New Frontier of Privacy Coins: Technology, Prevention, and Regulatory Game

Privacy coins are at a critical juncture, shaped by technological evolution, regulatory pressure, and judicial decisions. In 2024–2025, court rulings, law enforcement actions, and technical adjustments are redefining the boundaries of this sector. Key developments include debates over whether decentralized mixing tools constitute sanctionable property, cross-border crackdowns on anonymous transaction services in Europe and the U.S., and privacy-focused projects adopting more compliant technical designs. Judicially, U.S. courts have issued influential rulings questioning whether immutable smart contracts fit traditional legal frameworks. Meanwhile, European authorities continue to target mixing services accused of facilitating money laundering. Technologically, some privacy projects are incorporating optional privacy features, flexible fee mechanisms, and improved audit interfaces to enhance usability and reduce regulatory friction. Macro-trends show countries advancing comprehensive crypto regulatory frameworks covering custody, trading, stablecoins, and anti-money laundering (AML) standards. Regulatory bodies increasingly demand that high-privacy tools provide verifiable audit trails or compliance-friendly modes to access legal financial services. Looking ahead, three main trajectories are emerging: continued legal clarification around smart contracts and mixer liabilities, a shift in privacy protocols from absolute anonymity toward optional privacy with auditability, and a market reassessment of the regulatory risk associated with privacy assets. This is causing a strategic split within the industry—some communities insist on strong privacy for niche demands, while others pursue “compliance-friendly privacy” models like enterprise-grade confidential transactions or auditable privacy pools. In essence, privacy coins are transitioning from pursuing maximum anonymity to seeking sustainable existence within regulatory boundaries. Future judicial rulings, policies, and protocol upgrades will determine which projects survive market and legal pressures. Those offering meaningful privacy while maintaining legal compliance are most likely to endure.

cointelegraph_中文12/10 10:41

The New Frontier of Privacy Coins: Technology, Prevention, and Regulatory Game

cointelegraph_中文12/10 10:41

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