# Сопутствующие статьи по теме Regulation

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Regulation", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

The Fed’s Silicon Valley Bank Post-Mortem Explores How Stablecoin Depegs Become Contagious

The Federal Reserve's post-mortem analysis of the Silicon Valley Bank (SVB) collapse examines how the bank's failure triggered contagion in the stablecoin market. When SVB failed in March 2023, Circle disclosed it held uninsured reserves at the bank, causing a run on USDC. Panic led to massive redemptions and secondary market sell pressure, temporarily depegging USDC from the dollar. The Fed highlights how this stress spread contagiously to other stablecoins like Dai through interconnected DeFi mechanisms and smart contracts. Systems designed to maintain stability instead became channels for contagion, draining liquidity and threatening broader dollar pegs. The report concludes that financial stress can create two-way feedback between traditional finance and decentralized ecosystems, underscoring the need for further research into cross-system contagion risks as stablecoins integrate deeper into mainstream finance.

ccn.com12/24 14:19

The Fed’s Silicon Valley Bank Post-Mortem Explores How Stablecoin Depegs Become Contagious

ccn.com12/24 14:19

Hong Kong proceeds with licensing regimes for virtual asset dealers and custodians

Hong Kong regulators are moving forward with new licensing requirements for cryptocurrency dealers and custodians following the conclusion of consultations. The Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) announced the decision, which is part of a broader effort to strengthen oversight of the digital asset sector. This builds on the city’s existing regulatory framework, which already mandates licensing for crypto trading platforms and recently enacted a stablecoin licensing regime. Hong Kong aims to position itself as a trusted crypto hub with comprehensive regulations covering stablecoins, tokenization, and now dealer and custody services. Separately, the SFC also launched a consultation for licensing crypto advisory and management service providers, linking the proposals to anti-money laundering and counter-terrorist financing rules.

cointelegraph12/24 14:09

Hong Kong proceeds with licensing regimes for virtual asset dealers and custodians

cointelegraph12/24 14:09

El Salvador’s Bitcoin aspirations were brought closer to earth in 2025

El Salvador, the first country to adopt Bitcoin as legal tender in 2021, faced significant challenges in 2025 as its ambitious crypto plans met economic and institutional resistance. Despite initial efforts like the state-backed Chivo Wallet and $30 sign-up incentives, public usage remained low. The country’s need for a $1.4 billion IMF loan forced a policy shift: Bitcoin acceptance became voluntary, and taxes were required in US dollars. However, President Nayib Bukele continued purchasing Bitcoin, accumulating 6,367 BTC (worth over $588 million) by December 2025, despite IMF pressure. While crypto businesses like Tether and Bitfinex expanded operations in El Salvador due to favorable regulations, critics argued that without broader public education and adoption, the government’s Bitcoin strategy primarily benefited itself rather than the people.

cointelegraph12/24 13:20

El Salvador’s Bitcoin aspirations were brought closer to earth in 2025

cointelegraph12/24 13:20

Coinbase and Gemini Blocked in the Philippines Amid Crackdown on Unregistered Exchanges

The central bank of the Philippines (BSP) has ordered internet service providers to block access to unregistered cryptocurrency exchanges. Among the first to be affected are major global platforms Coinbase and Gemini. The National Telecommunications Commission (NTC) acted on a BSP directive that identified 50 unlicensed Virtual Asset Service Providers (VASPs). This crackdown is part of the enforcement of the VASP licensing framework established by the BSP in 2021. Despite the regulations, many large offshore exchanges have not sought the necessary licenses to operate in the country. The action follows a similar block imposed on Binance in 2024. Other prominent exchanges on the regulator's list include OKX, Kraken, KuCoin, Bitget, and MEXC. As of now, only a few platforms, such as local exchanges Coins.ph and PDAX, are fully licensed to offer crypto services in the Philippines. Regulators have stated that foreign exchanges are welcome to apply for a license but must establish a local presence and comply with all regulatory requirements.

ccn.com12/24 13:07

Coinbase and Gemini Blocked in the Philippines Amid Crackdown on Unregistered Exchanges

ccn.com12/24 13:07

Is RWA Entering the 'Equity Era'? The Backstory Behind Securitize, Ondo, and Coinbase's Simultaneous Moves

RWA is entering an "equity era," marked by a significant shift in focus from major players Securitize, Ondo, and Coinbase toward equity tokenization (Equity RWA). This synchronized move is not coincidental but is driven by clear regulatory direction. In December 2025, SEC Chairman Paul Atkins stated that the U.S. financial markets would migrate to blockchain within two years, a sentiment echoed by Nasdaq's plans for on-chain stock trading. Industry consensus is converging on an on-chain capital market future, with leaders from Maple Finance and Binance emphasizing RWA's potential to bridge blockchain with real-world assets. While private credit and U.S. Treasuries currently dominate RWA due to their regulatory clarity and stability, large institutions are now progressing toward equities. Each platform offers a distinct approach: Ondo provides tokenized stocks with liquidity directly backed by Nasdaq and NYSE-listed shares, targeting non-U.S. investors. Securitize is developing a fully compliant, native on-chain equity model where tokens represent direct shareholder rights. Coinbase is integrating stock trading into its platform, aiming to create a unified financial super-app for diverse assets. This collective pivot signals that on-chain equity is transitioning from an exploratory concept to a structurally significant component of the future financial system, representing a major milestone in RWA's evolution.

marsbit12/24 12:08

Is RWA Entering the 'Equity Era'? The Backstory Behind Securitize, Ondo, and Coinbase's Simultaneous Moves

marsbit12/24 12:08

The Four-Year Cycle Concludes, Crypto Market Embarks on a Decade-Long Protracted War

In a recent article, Bitwise CIO Matt Hougan addresses the question of whether Bitcoin's historical four-year cycle—characterized by three years of gains followed by a crash in the fourth—remains relevant. He argues that the cycle, driven by factors like Bitcoin halvings, interest rate spikes, and post-bubble crashes, is losing significance due to changing conditions. The 2026 halving may have reduced impact, interest rates are likely to decrease, and the market hasn’t seen the extreme euphoria of previous cycles. Instead, Hougan proposes a "decade-long grinding advance" as the new framework, where sustained positive forces—such as institutional adoption, regulatory clarity, and real-world applications like stablecoins—gradually outweigh intermittent negative shocks like macroeconomic events or leverage-induced selloffs. This shift suggests more moderate long-term returns, lower volatility, and periodic 20-40% corrections, marking a maturation of the crypto market since the approval of Bitcoin ETFs in early 2024. Investors should expect a prolonged tug-of-war between these forces, requiring patience and a focus on fundamentals despite short-term downturns.

marsbit12/24 12:01

The Four-Year Cycle Concludes, Crypto Market Embarks on a Decade-Long Protracted War

marsbit12/24 12:01

Russia Unveils New Crypto Framework For Retail And Qualified Investors

Russia's central bank has unveiled a new regulatory framework for cryptocurrencies, with implementation set for July 2026. The rules will allow both retail and qualified investors to purchase cryptocurrencies through licensed intermediaries. Retail investors can buy up to 300,000 rubles (approx. $3,800) annually in liquid cryptocurrencies after passing a knowledge test, while qualified investors face no limits but must pass a risk-awareness evaluation. The central bank maintains that cryptocurrencies are high-risk assets. The move follows President Putin's comments on reducing foreign currency reliance, and a new law now classifies digital currencies as property for tax purposes, exempting mining and sales from VAT. Bitcoin mining is acknowledged as a small but meaningful factor in supporting the ruble.

bitcoinist12/24 11:35

Russia Unveils New Crypto Framework For Retail And Qualified Investors

bitcoinist12/24 11:35

Philippines blocks Coinbase, Gemini amid wider crackdown on unlicensed VASPs

Amid a wider crackdown on unlicensed virtual asset service providers (VASPs), the Philippines has blocked access to major global cryptocurrency exchanges Coinbase and Gemini. The National Telecommunications Commission directed local internet service providers to restrict access to 50 platforms flagged by the central bank for operating without authorization. This action signifies a regulatory shift from informal tolerance to strict enforcement, making local licensing mandatory for market access. The country had previously banned Binance and identified other unlicensed exchanges like OKX, Bybit, and KuCoin. Meanwhile, regulated entities are expanding crypto services, with partnerships enabling stablecoin payroll and banking-integrated crypto trading.

cointelegraph12/24 10:10

Philippines blocks Coinbase, Gemini amid wider crackdown on unlicensed VASPs

cointelegraph12/24 10:10

Ghana Officially Legalizes Crypto Trading Following Passage Of Key Legislative Bill

Ghana's parliament has passed the Virtual Asset Service Providers bill, legalizing and regulating cryptocurrency trading in the country. The legislation establishes a licensing framework for crypto platforms under the oversight of the Bank of Ghana and the Securities and Exchange Commission. Governor Johnson Asiama emphasized that the move aims to bring accountability to the growing digital asset sector, lower costs for financial institutions, and enhance Ghana's financial competitiveness. The country also plans to explore gold-backed stablecoins by 2026. Currently, about 17% of Ghanaian adults have engaged in crypto, with transactions reaching $3 billion in the past year. The development places Ghana among other African nations like Nigeria and South Africa that are advancing crypto regulation.

bitcoinist12/24 08:21

Ghana Officially Legalizes Crypto Trading Following Passage Of Key Legislative Bill

bitcoinist12/24 08:21

South Korean Giant BC Card Concludes Stablecoin Payments Pilot Ahead Of 2026 Framework

South Korean payments giant BC Card has completed a two-month pilot project enabling foreigners to use stablecoins for payments at domestic merchants. The pilot, conducted with partners including Wavebridge and Aaron Group, tested the stability and convenience of converting foreign-held stablecoins into digital prepaid cards for QR code transactions, eliminating the need for physical cards or currency exchange. BC Card integrated the system into its existing payment infrastructure, allowing transactions to function like conventional card payments. The initiative is part of preparations for future regulatory changes, as South Korea anticipates a framework for won-pegged stablecoins by 2026. The project aims to establish a compliant "Korean-style stablecoin payment infrastructure" aligned with upcoming legislation.

bitcoinist12/24 07:04

South Korean Giant BC Card Concludes Stablecoin Payments Pilot Ahead Of 2026 Framework