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.

DOJ Fines Paxful $4 Million for Illicit Funds Transfers

The U.S. Department of Justice fined Paxful Holdings Inc. $4 million for operating an unlicensed money-transmitting business and facilitating illicit transactions, including prostitution, fraud, and money laundering. The peer-to-peer Bitcoin exchange knowingly operated without required anti-money laundering controls, violating the Travel Act. Between 2017 and 2019, Paxful processed over $26 million in criminal transactions and earned nearly $30 million in revenue. The company admitted to attracting criminals with weak compliance practices. Although initially facing a $112 million fine, the penalty was reduced to $4 million based on the company’s ability to pay. The case underscores increased federal enforcement of AML regulations in the crypto sector.

TheNewsCrypto02/12 07:05

DOJ Fines Paxful $4 Million for Illicit Funds Transfers

TheNewsCrypto02/12 07:05

After Mainland China's Document No. 42 Sets the Tone, What is the Best RWA Token Standard?

China's "Document No. 42" (Yin Fa [2026] No. 42), issued by the People's Bank of China and eight other departments, formally recognizes and regulates Real World Asset (RWA) tokenization, defining it as the use of encryption and distributed ledger technology to convert asset ownership or rights into tokens. The document establishes a compliance pathway, requiring domestic entities to file with the China Securities Regulatory Commission (CSRC) and separating RWA from unregulated virtual currencies. Globally, the RWA market has grown significantly, reaching $23.7 billion. The article analyzes various token standards and their evolution. Early standards like ERC-3525 and ERC-3475, designed for bonds and contracts, saw limited adoption due to complexity. In contrast, successful application-first models like Aave's aToken (using a scaled balance mechanism for automatic interest accrual) and Lido's stETH (using a daily rebase model) thrive by prioritizing user experience and compatibility. For equity tokenization, platforms like Ondo and xStock on Solana use a "chain shares + multiplier" rebase model within the Token-2022 standard, adjusting display values for corporate actions like stock splits. Major exchanges and wallets (Jupiter, Binance, MetaMask) are increasingly supporting these tokenized assets. The author concludes that while China's regulatory clarity is positive, true success depends on leveraging blockchain's advantages—24/7 liquidity, fractionalization, transparency, and automation—to create practical value, rather than just defining perfect standards. The evolution should focus on user-centric solutions that address real market gaps.

marsbit02/12 06:10

After Mainland China's Document No. 42 Sets the Tone, What is the Best RWA Token Standard?

marsbit02/12 06:10

a16z: How Did It Become the Key Force Behind U.S. AI Policy?

a16z, a prominent Silicon Valley venture capital firm, has become a key behind-the-scenes force shaping U.S. AI policy, particularly under the Trump administration. With $90 billion in assets and significant investments in AI startups like Cursor and LM Arena, a16z advocates for minimal regulation, arguing that strict rules would stifle innovation and harm small startups. The firm’s influence stems from massive lobbying spending ($3.53 million in 2025), co-founder Marc Andreessen’s close ties to Donald Trump, and a network of former employees in key government roles. a16z successfully pushed for an executive order limiting state-level AI regulations and opposes federal oversight that could impede AI development. Critics argue the firm’s pro-“small tech” narrative is hypocritical given its stakes in large companies like SpaceX and Meta, and that its policies prioritize industry growth over safety and accountability. Despite opposition, a16z continues to drive the agenda toward light-touch federal standards aimed at preempting state laws.

marsbit02/12 01:18

a16z: How Did It Become the Key Force Behind U.S. AI Policy?

marsbit02/12 01:18

Crypto Dream Turns Nightmare As SafeMoon CEO Gets 100 Months In Jail

SafeMoon CEO Braden John Karony has been sentenced to 100 months in US federal prison after being convicted on charges of securities fraud, wire fraud, and money laundering. Prosecutors proved that Karony and others misled investors by falsely claiming that SafeMoon’s liquidity pools were locked, while secretly diverting over $9 million for personal use, including luxury homes and vehicles. The fraud severely impacted small investors, including military veterans and hard-working Americans. The court has ordered forfeiture of approximately $7.5 million, with restitution proceedings ongoing to return funds. The case highlights continued law enforcement focus on prosecuting crypto-related fraud.

bitcoinist02/11 18:01

Crypto Dream Turns Nightmare As SafeMoon CEO Gets 100 Months In Jail

bitcoinist02/11 18:01

Hong Kong Inland Revenue Department's Latest FAQ: How to Determine Tax Residency for the "Dual-City Lifestyle"?

Hong Kong's Inland Revenue Department (IRD) has updated its Frequently Asked Questions (FAQs) to clarify how the "tie-breaker rules" under the Mainland China-Hong Kong Comprehensive Double Taxation Arrangement (CDTA) determine the tax residency of individuals with dual residency claims. With increasing cross-border work and living between Hong Kong and Mainland China, many individuals may meet the residency criteria of both jurisdictions simultaneously. The CDTA’s tie-breaker rules are essential to resolve such conflicts and prevent double taxation. The FAQ emphasizes that residency is not determined by a single factor, such as holding a Mainland household registration (hukou) or the number of days spent in Hong Kong (over 180 days). Instead, a comprehensive analysis is applied based on the following hierarchical criteria: 1. Location of the individual's permanent home; 2. The jurisdiction with which their personal and economic relations are closer (centre of vital interests); 3. Their habitual abode; 4. Mutual agreement by the tax authorities of both sides if unresolved. Key factors considered include the residence of family members (spouse, children), location of employment and salary payment, social security contributions, and business investments. The update provides practical examples (e.g., individuals under talent schemes, "dual-city" lifestyles) to illustrate how these rules are applied in real-world scenarios, offering clearer guidance for frequent cross-border commuters. This clarification signifies a move towards more precise and sophisticated cross-border tax administration, reflecting enhanced regulatory capabilities and greater transparency in tax information exchange.

marsbit02/11 15:26

Hong Kong Inland Revenue Department's Latest FAQ: How to Determine Tax Residency for the "Dual-City Lifestyle"?

marsbit02/11 15:26

From a Trillion-Dollar Empire to Prison Appeals: A 35-Page Document Attempts to Rewrite the Ending

Sam Bankman-Fried (SBF), the imprisoned founder of FTX, has filed a 35-page pro se motion seeking to overturn his 2023 fraud conviction and 25-year sentence. Submitted through his mother, Stanford law professor Barbara H. Fried, the motion cites newly discovered evidence and alleges multiple judicial and prosecutorial misconducts. Key claims include: the prosecution allegedly threatened witnesses like Ryan Salame to prevent exculpatory testimony and coerced former FTX engineering head Nishad Singh into changing his statements. SBF also presents a sworn declaration from former FTX data head Daniel Chapsky, arguing that prosecutors misrepresented Alameda Research’s account balances to fabricate a shortfall. Additionally, SBF accuses Sullivan & Cromwell, the law firm handling FTX’s bankruptcy, of undervaluing assets to support the narrative of insolvency—contrary to the eventual 119-143% customer recovery rate. He further suggests political targeting by the Biden administration and requests Judge Lewis A. Kaplan to recuse himself due to perceived bias. Legal experts view the motion as a long shot, as most claims rely on evidence that may not meet the “newly discovered” standard, and challenging judicial bias is rarely successful.

比推02/11 14:14

From a Trillion-Dollar Empire to Prison Appeals: A 35-Page Document Attempts to Rewrite the Ending

比推02/11 14:14

Crypto Con Empire Collapses As Mastermind Faces 20 Years

A man accused of masterminding a large-scale crypto romance scam has been sentenced to 20 years in prison. Daren Li, a dual national of China and St. Kitts and Nevis, was convicted for his role in a scheme that defrauded victims of over $73 million. The operation used fake trading platforms and built trust through social media and dating apps in a process known as "pig butchering," grooming targets over weeks or months. Funds were laundered through U.S. shell companies and cryptocurrency to obscure trails. Li initially fled after removing an ankle monitor but was later captured. The case is part of a broader trend of rising crypto crime, with one report citing $370 million stolen in January 2026 alone.

bitcoinist02/11 12:32

Crypto Con Empire Collapses As Mastermind Faces 20 Years

bitcoinist02/11 12:32

Malaysia to Pilot Ringgit Stablecoins, Tokenised Deposits in 2026

Malaysia's central bank, Bank Negara Malaysia (BNM), will pilot three projects involving ringgit stablecoins and tokenized deposits in 2026 through its Digital Asset Innovation Hub (DAIH). The initiatives, focused on wholesale payments for domestic and cross-border transactions, are led by major financial institutions including Standard Chartered Bank Malaysia, Capital A, Maybank, and CIMB. BNM aims to assess implications for monetary and financial stability and clarify its policy on these digital assets by year-end. This move aligns with a broader Asian trend, with Hong Kong, Singapore, and Japan also advancing stablecoin frameworks and tokenization projects.

TheNewsCrypto02/11 12:23

Malaysia to Pilot Ringgit Stablecoins, Tokenised Deposits in 2026

TheNewsCrypto02/11 12:23

Uniswap Wins Early Dismissal in Bancor Patent Case

A New York federal judge dismissed a patent infringement lawsuit filed by Bancor-affiliated entities against Uniswap, ruling that the patents in question claim abstract ideas and are therefore ineligible for protection under U.S. patent law. The case centered on technology for automated market makers and liquidity pools. The court applied a two-step test and found no inventive concept, stating that using blockchain for currency exchange calculations does not make an abstract idea patentable. The complaint also failed to plausibly allege direct infringement. Uniswap founder Hayden Adams celebrated the decision. The plaintiffs have 21 days to file an amended complaint.

TheNewsCrypto02/11 12:22

Uniswap Wins Early Dismissal in Bancor Patent Case

TheNewsCrypto02/11 12:22

Bloomberg: The Recovery Is Just an Illusion, China's Crypto Regulation Enters a Deep Winter

Bloomberg reports that China's cryptocurrency regulatory environment has entered a "deep winter," despite earlier speculation of a potential thaw. Last year, optimism grew after the People’s Bank of China (PBOC) suggested the yuan could challenge the U.S. dollar's dominance. However, on February 7, China tightened restrictions, banning domestic entities from issuing digital tokens overseas and prohibiting unauthorized offshore issuance of yuan-pegged stablecoins, citing risks to monetary sovereignty. This move is a significant setback for Hong Kong, which has been striving to become a digital asset hub. The PBOC’s stance effectively ends hopes for offshore yuan-backed stablecoins, even in Hong Kong. Companies like Ant Group and JD.com had reportedly considered stablecoin plans but halted them following Beijing's intervention. Industry experts note that the restrictions clarify regulatory red lines but also highlight fundamental incompatibilities between capital controls and stablecoin freedom. Market sentiment remains weak, with Bitcoin perpetual open interest down roughly 50% from its October peak. Meanwhile, investors have withdrawn approximately $3.3 billion from U.S. Ethereum spot ETFs since October, reflecting broader caution. Crypto-native venture capital is shifting focus toward areas like stablecoin infrastructure and prediction markets, as other sectors struggle to attract attention.

marsbit02/11 12:12

Bloomberg: The Recovery Is Just an Illusion, China's Crypto Regulation Enters a Deep Winter

marsbit02/11 12:12

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