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.

Hong Kong Industry Group Pushes Back on Tougher Crypto Manager Rules

A Hong Kong securities industry group, the HKSFPA, has criticized key parts of the city's proposed regulatory framework for virtual asset management. The group warns that the plan could deter traditional asset managers from gaining exposure to cryptocurrencies. A major point of contention is the removal of the existing 10% threshold, which currently allows Type 9 licensed managers to allocate a small portion of a fund to crypto without a full license. The proposed rules would require a full virtual asset license for any crypto allocation, which the HKSFPA calls disproportionate and costly. The group also raised concerns that proposed custody rules, requiring assets to be held only with SFC-licensed custodians, would disrupt venture capital and early-stage token investing, as many local custodians do not support such assets. The feedback highlights the industry's desire for risk-commensurate regulation rather than a one-size-fits-all approach that could hinder Hong Kong's ambitions to become a crypto hub.

TheNewsCrypto01/20 11:05

Hong Kong Industry Group Pushes Back on Tougher Crypto Manager Rules

TheNewsCrypto01/20 11:05

Hong Kong Professionals Association Urges Regulators To Ease Crypto Reporting Rules

Hong Kong Securities & Futures Professionals Association (HKSFPA) has urged regulators to ease certain aspects of the OECD’s Crypto Asset Reporting Framework (CARF) and related amendments to Hong Kong’s Common Reporting Standard (CRS). While generally supportive, the association raised concerns about record-keeping obligations for dissolved entities and uncapped penalties for minor technical errors. It proposed appointing third-party custodians for dissolved firms and introducing penalty caps for unintentional errors. The group also recommended a simplified registration process for crypto service providers with no annual filings. Hong Kong is among 76 jurisdictions committed to implementing CARF by 2028 as part of its broader strategy to become a global crypto hub.

bitcoinist01/20 10:01

Hong Kong Professionals Association Urges Regulators To Ease Crypto Reporting Rules

bitcoinist01/20 10:01

CLARITY Act: Hoskinson questions Ripple CEO’s ‘better than no clarity’ remark

Cardano founder Charles Hoskinson criticized Ripple CEO Brad Garlinghouse for supporting the CLARITY Act, arguing that flawed legislation could be worse than no regulation at all. Hoskinson questioned the logic of trusting the same regulatory system that previously targeted crypto firms like Ripple, which had a lengthy legal battle with the SEC. He warned that rushing the act without addressing key issues risks repeating past mistakes. The comments sparked a surge in bullish sentiment around Cardano (ADA), with social metrics showing a peak of 27 positive comments for every negative one. However, ADA's price initially dropped from nearly $0.40 to around $0.36 before stabilizing in a tight range. Technical indicators showed neutral RSI and negative MACD at the time of writing, suggesting cautious market sentiment despite the brief social media spike.

ambcrypto01/20 09:25

CLARITY Act: Hoskinson questions Ripple CEO’s ‘better than no clarity’ remark

ambcrypto01/20 09:25

$100M Underground Remittance Network Using Crypto, WeChat Dismantled In South Korea

South Korean authorities have dismantled an underground remittance network that moved approximately $102 million (150 billion won) across borders using mobile payment apps like WeChat Pay and Alipay and cryptocurrencies. The scheme, which operated from September 2021 to June 2023, involved collecting funds from customers via the apps, converting the money into crypto abroad, and then cashing it out into South Korean bank accounts after transferring the digital assets to local wallets. To evade detection, the group disguised the transactions as payments for common services such as cosmetic surgery, study abroad fees, and trade-related costs. Three Chinese nationals have been arrested and face charges under foreign exchange laws. The case highlights the growing use of combined traditional and digital payment channels for illicit fund movements, prompting South Korea to strengthen regulations on crypto exchanges and mobile wallets.

bitcoinist01/20 08:05

$100M Underground Remittance Network Using Crypto, WeChat Dismantled In South Korea

bitcoinist01/20 08:05

Top 5 Coins To Buy as Senator Cynthia Lummis Slams JPMorgan Over Anti-Crypto Policies

US Senator Cynthia Lummis criticizes JPMorgan's anti-crypto policies, arguing they undermine traditional banks and push the digital asset industry overseas. This sentiment is fueling investor interest in crypto assets aligned with financial freedom. Top coins gaining attention include Little Pepe (LILPEPE), which has raised over $27.7 million in a rapidly selling presale and positions itself as an anti-bank rebel. Other notable coins are Cardano (ADA), showing oversold reversal signals; Dogecoin (DOGE), gaining from ETF interest; TRON (TRX), strengthened by whale activity; and Sui (SUI), rebounding from heavy losses. Among these, LILPEPE is highlighted as the most dynamic opportunity in the current trend.

TheNewsCrypto01/20 07:46

Top 5 Coins To Buy as Senator Cynthia Lummis Slams JPMorgan Over Anti-Crypto Policies

TheNewsCrypto01/20 07:46

$6 Trillion Deposit Drain Theory Sends Banking Industry into Panic

The article discusses how the U.S. CLARITY Act, which prohibits crypto exchanges from paying yields on payment stablecoins, is part of a broader effort to protect traditional banks' profitable net interest margins. Large banks like JPMorgan benefit from near-zero deposit rates while earning significantly higher returns by investing in assets like Treasury bills. The banking industry warns that stablecoin yield offerings could lead to $6.6 trillion in deposit outflows, harming lending capacity. However, the article argues that these funds often remain within the traditional financial system, as stablecoin reserves are held in cash and short-term Treasuries. The real concern for banks is competition from higher-yielding alternatives like USDC rewards and DeFi protocols, which force them to offer better rates. This situation mirrors historical debate around Regulation Q and the rise of money market funds in the 1970s. The stablecoin market has grown rapidly, reflecting demand for digital dollars that offer both liquidity and yield. The author suggests that, much like money market funds, stablecoin yields represent a technological shift that benefits consumers and will likely be adopted despite resistance from incumbent institutions.

marsbit01/20 05:49

$6 Trillion Deposit Drain Theory Sends Banking Industry into Panic

marsbit01/20 05:49

Trump's First Year in Office: Memorable Moments and Controversies

Donald Trump's first year in office (2026) was marked by a controversial foray into cryptocurrency. Shortly before his inauguration, a mysterious wallet purchased a newly created token, $TRUMP, just hours before he publicly announced it. The token's price skyrocketed, allowing early insiders to profit over $100 million, while 810,000 wallets, many belonging to new investors, lost a total of $2 billion. His family then launched "World Liberty Financial," a DeFi platform where they held a 60% stake, generating hundreds of millions from token sales and stablecoin interest. This created a system of "access capitalism," where investments bought proximity to power. Concurrently, Trump's administration dismantled regulatory oversight. The SEC chairman was replaced, numerous crypto lawsuits were dropped, and a key Justice Department crypto enforcement team was dissolved, clearing the path for his ventures. He also issued controversial pardons to convicted crypto figures like Ross Ulbricht (Silk Road) and Changpeng Zhao (Binance), while denying clemency to those who donated to Democrats, creating a clear "price list" for pardons. The article argues this constitutes a legalized, industrialized form of corruption, where rules are designed by the same people who profit from them. The system is not hidden but operates transparently on the blockchain, turning what Trump once called "air" into a multi-billion dollar enterprise, with ordinary investors acting as the fuel.

marsbit01/20 05:35

Trump's First Year in Office: Memorable Moments and Controversies

marsbit01/20 05:35

Why Could Coinbase Halt the CLARITY Act Voting Agenda with a Single Statement?

This article details how Coinbase CEO Brian Armstrong's public opposition led to the abrupt postponement of a key U.S. Senate committee vote on the proposed "Clarity Act," a comprehensive cryptocurrency regulation bill. Armstrong argued the current draft would be worse than the existing regulatory framework, specifically objecting to provisions that could ban interest payments on stablecoins and grant excessive authority to the Securities and Exchange Commission (SEC). The event underscores Coinbase's significant and growing political influence in Washington, D.C., amplified by the pro-crypto stance of the Trump administration. The company has invested heavily in political action committees (PACs) to support crypto-friendly lawmakers. The article contrasts the current environment with the previous Biden administration, under which the SEC sued Coinbase. The Trump administration has since dropped that lawsuit, and the industry is pushing for legislation to cement a favorable regulatory landscape. The delayed vote highlights the intense lobbying battle between the crypto industry, which seeks lighter regulation, and traditional banking interests advocating for stricter rules, particularly on stablecoin offerings that compete with bank deposits. Negotiations are ongoing.

marsbit01/20 05:34

Why Could Coinbase Halt the CLARITY Act Voting Agenda with a Single Statement?

marsbit01/20 05:34

California to Impose a One-Time 5% 'Harvest' on Billionaires? Some Are Moving Overnight

California proposes a groundbreaking 5% one-time wealth tax on billionaires, aiming to raise approximately $100 billion from over 200 residents. The tax, which targets assets including private equity, publicly traded stocks, and high-value holdings, is set for a November voter referendum. Critics warn it could drive tech entrepreneurs and businesses out of the state, jeopardizing economic recovery, particularly in the AI sector. Proponents argue it addresses tax fairness, as billionaires currently contribute a small fraction of state income taxes. The measure faces legal challenges, political opposition, and implementation hurdles, including concerns over valuation methods and residency rules. Some billionaires are already relocating to avoid potential liability.

marsbit01/20 03:46

California to Impose a One-Time 5% 'Harvest' on Billionaires? Some Are Moving Overnight

marsbit01/20 03:46

U.S. Crypto Regulation Debate Heats Up as Hoskinson Criticises CLARITY Act Endorsement

Cardano founder Charles Hoskinson has publicly criticized Ripple CEO Brad Garlinghouse for endorsing the CLARITY Act, a major U.S. legislative effort to regulate digital assets. Hoskinson argues that the bill, currently under Senate review, contains significant policy gaps and disadvantages smaller projects. He challenges Garlinghouse’s position that imperfect legislation is preferable to regulatory uncertainty. The disagreement highlights a broader divide within the crypto industry: some leaders push for regulatory clarity to retain capital and innovation in the U.S., while others fear excessive centralization may harm decentralized initiatives. The ongoing debate reflects deeper tensions over the future of crypto regulation.

TheNewsCrypto01/19 15:29

U.S. Crypto Regulation Debate Heats Up as Hoskinson Criticises CLARITY Act Endorsement

TheNewsCrypto01/19 15:29

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