# 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.

An Hour with Circle's CPO: How Stablecoins Are Reshaping Global Capital Flows

In a comprehensive interview with Nikhil Tandog, Chief Product Officer of Circle, the discussion explores how stablecoins, particularly USDC, are transforming global finance by reducing friction in cross-border transactions and enhancing economic inclusion. Circle has evolved from a stablecoin issuer into a multi-layered platform comprising core assets (USDC, EURC), payment applications (Circle Payment Network), and infrastructure (ARC). The resilience of USDC post-banking crisis is attributed to its transparency, regulatory compliance (such as MiCA and the hypothetical Genius Act), and multi-chain presence across 28 blockchains. Unlike competitors, Circle emphasizes auditability and public trust, aiming for public listing to reinforce accountability. Looking ahead to 2030, Tandog envisions a future where programmable money enables efficient B2B payments (a $59T market), AI-driven agents autonomously manage transactions, and financial services integrate seamlessly with software. Circle’s ARC infrastructure will address scalability, privacy, and gas payment challenges to support mainstream adoption. The company continues to expand USDC’s reach, deepen its payment network, and develop ARC, positioning stablecoins as a foundational technology akin to electricity—universally applicable and transformative.

比推02/09 04:24

An Hour with Circle's CPO: How Stablecoins Are Reshaping Global Capital Flows

比推02/09 04:24

From the Wild Path to the Table: Why Compliance is the Inevitable Route

The article "From the Fringes to the Main Table: Why Compliance is the Inevitable Path" discusses the critical shift toward regulatory compliance in the cryptocurrency and blockchain industry, using key players like Binance, Coinbase, and Hyperliquid as case studies. It highlights how Binance leveraged regulatory arbitrage to become a global leader by 2017 but faced increasing pressure from regulators, leading to its compliance efforts in jurisdictions like Abu Dhabi (ADGM) by 2025. Meanwhile, Coinbase capitalized on U.S. regulatory frameworks under evolving policies, though its growth in derivatives markets remained limited. Hyperliquid emerged as a significant player by exploiting gaps left by larger exchanges, capturing about 15% of Binance's market share through derivatives and ventures into non-traditional areas like precious metals and prediction markets—yet its long-term sustainability hinges on eventual compliance. The piece argues that compliance is no longer optional but essential for scalability and legitimacy, especially as Real-World Assets (RWA)—such as tokenized stocks, bonds, and stablecoins—gain traction. Regulatory clarity, particularly from the U.S. and China, is reshaping the landscape, forcing once-"underground" economies to formalize or risk exclusion from major markets. The conclusion underscores that while regulatory arbitrage offers short-term advantages, the future of crypto and DeFi depends on integrating into established financial systems under clear rules.

比推02/09 04:15

From the Wild Path to the Table: Why Compliance is the Inevitable Route

比推02/09 04:15

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

The People's Bank of China, along with eight other departments, issued Document No. 42 (2026), which formally recognizes Real World Asset tokenization (RWA) as a legitimate business model and outlines a compliance pathway. The document defines RWA as using encryption and distributed ledger technology to convert ownership or profit rights of assets into tokens or token-like equity or debt instruments. The article analyzes existing global RWA token standards and applications, arguing that the ideal standard should prioritize practical application and user experience over designing a perfect, all-encompassing specification upfront. It reviews several models: - **HK's ABT (2022):** An early framework highlighting benefits like fragmentation, liquidity, and transparency. - **ERC-3525 & ERC-3475:** Standards for bonds and contracts criticized for being overly complex and lacking adoption due to poor compatibility. - **Aave's aToken:** A highly successful model using a "Scaled Balance" mechanism where interest accrues and is realized during transactions, minimizing project overhead. - **Lido's stETH:** A "Rebase" model that automatically adjusts token balances daily to reflect staking rewards, offering a seamless user experience. - **Ondo & xStock (Stocks):** These platforms use a "Rebase" mechanism on Solana (via token2022 standard) where a "multiplier" adjusts to handle corporate actions like stock splits or dividends. The conclusion is that China's regulatory clarity is a positive step, but success hinges on building solutions that leverage blockchain's strengths—24/7 global liquidity, transparency, and automation—to solve real user needs, much like the successful native models (aToken, stETH) did. The true value of RWA lies in filling market gaps and enabling new forms of value discovery, not just in tokenization itself.

marsbit02/09 03:29

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

marsbit02/09 03:29

Crypto Morning Brief: New Virtual Currency Regulations Introduced, Major Unlocks for AVAX, APT, STRK, and Other Tokens This Week

Cryptocurrency Daily Digest: Key regulatory and market developments occurred. China's central bank and seven other ministries jointly issued a notice explicitly banning all virtual currency transactions and Real World Asset (RWA) tokenization businesses, declaring such activities illegal financial operations. In other news, the White House will hold its next stablecoin policy meeting next Tuesday. Illinois proposed a state-operated Bitcoin reserve program. Michael Saylor hinted at potential Bitcoin purchases by MicroStrategy following his social media post. Significant token unlocks are scheduled this week: AVAX ($15.2M unlock on Feb 11), APT ($12.3M on Feb 10), STRK ($6.3M on Feb 15), among others. Additional updates include: 21Shares filed for an Ondo ETF, Bithumb announced full compensation for a major BTC distribution error, and Li Bin denied rumors about investment and token sales. The Nikkei 225 index surged 4%. Market analysts suggest potential consolidation among Solana treasury firms amid current conditions.

marsbit02/09 01:22

Crypto Morning Brief: New Virtual Currency Regulations Introduced, Major Unlocks for AVAX, APT, STRK, and Other Tokens This Week

marsbit02/09 01:22

Interview with Circle's Chief Product Officer: Redefining Global Money Movement

Interview with Nikhil Tandog, Chief Product Officer of Circle, on redefining global money movement. Circle has evolved from a stablecoin issuer to a full-stack platform with a three-layer strategy: core assets (USDC, EURC), payments (Circle Payment Network), and infrastructure (ARC). Despite challenges like the US banking crisis, USDC rebounded due to its recognized value, compliance (MiCA, Genius Act), and transparency. Operating on 28 blockchains with CCTP, USDC is global, with holders in 190 countries. Looking to 2030, Tandog envisions a future with efficient B2B payments ($59T market), AI-agent-driven M2M transactions, and programmable money integrated into software. Circle’s ARC infrastructure addresses scalability, payment finality, configurable privacy, and gas payment in stablecoins. The company continues expanding USDC, deepening CPN, and launching ARC to unlock global productivity.

marsbit02/09 01:03

Interview with Circle's Chief Product Officer: Redefining Global Money Movement

marsbit02/09 01:03

CFTC Updates Payment Stablecoin Criteria To Recognize National Trust Banks – Details

The US Commodity Futures Trading Commission (CFTC) has updated its guidance to allow payment stablecoins issued by national trust banks to be used as eligible margin collateral. This amendment to CFTC Staff Letter 25-40 expands the list of approved stablecoin issuers beyond state-regulated entities to include federally chartered national trust banks. The move aligns with former President Trump’s pro-crypto policies and aims to strengthen the U.S. position in stablecoin innovation. CFTC Chairman Michael S. Selig praised the decision, highlighting America's growing leadership in the sector. The update follows increased efforts by crypto firms like Anchorage Digital, Coinbase, and Circle to obtain national bank charters and integrate digital assets into the regulated financial system.

bitcoinist02/08 15:02

CFTC Updates Payment Stablecoin Criteria To Recognize National Trust Banks – Details

bitcoinist02/08 15:02

Epic Blunder: South Korean Exchange "Slip-up" Sends Out $44 Billion in Error

In a major operational error, South Korean cryptocurrency exchange Bithumb mistakenly distributed Bitcoin worth over $44 billion to users, causing a sharp drop in the platform’s Bitcoin price and triggering a regulatory review. The incident occurred when Bithumb intended to issue a promotional cash payment of 2,000 won (approx. $1.4) per user. Due to a system error, 695 users each received at least 2,000 Bitcoin instead. The exchange restricted trading and withdrawals within 35 minutes and has since recovered 99.7% of the wrongly distributed Bitcoin. As a result, Bitcoin prices on Bithumb temporarily plunged by 17% before partially recovering. South Korea’s Financial Services Commission described the incident as exposing "the vulnerability and risks of virtual assets" and announced plans to examine internal controls and operations at Bithumb and other exchanges. If violations are found, on-site inspections will follow. Bithumb attributed the mistake to an internal operational error and emphasized that it was not caused by external hacking or security breaches. Approximately 0.3% of the Bitcoin, worth around $132 million, remains unrecovered. The error occurred when the system incorrectly substituted "Bitcoin" for "Korean won," amplifying the reward amount by billions of times. As South Korea’s second-largest crypto exchange, Bithumb’s incident may lead to stricter industry-wide risk management and technical reliability standards.

华尔街日报02/08 00:59

Epic Blunder: South Korean Exchange "Slip-up" Sends Out $44 Billion in Error

华尔街日报02/08 00:59

Crypto Traders In Vietnam Face New 0.1% Levy As Tax Rules Tighten

Vietnam's Ministry of Finance has proposed a new 0.1% turnover-based tax on all cryptocurrency trades and transfers conducted through licensed platforms, applying even to non-profitable transactions. This levy treats crypto similarly to stock trades and is part of a broader regulatory pilot program initiated in late 2025. While transactions are exempt from VAT, domestic companies will face a 20% corporate tax on net profits. The regulations also impose high capital requirements for exchanges (approximately $380–408 million), potentially limiting the market to larger operators. Traders express mixed reactions, concerned about reduced liquidity but optimistic about increased institutional interest due to clearer regulations.

bitcoinist02/07 19:02

Crypto Traders In Vietnam Face New 0.1% Levy As Tax Rules Tighten

bitcoinist02/07 19:02

China Steps Up Crypto Crackdown, Blocks Domestic And Overseas Issuers

China has intensified its crackdown on the cryptocurrency sector, reinforcing its ban on virtual currencies while imposing stricter oversight on offshore token issuance linked to Chinese assets. The People’s Bank of China, along with other regulators, prohibited domestic firms and their overseas affiliates from issuing cryptocurrencies abroad without approval. The move specifically targets unauthorized offshore yuan-pegged stablecoins, emphasizing that the digital yuan remains the only state-backed digital currency. While the ban on cryptocurrencies remains, the new guidelines introduce regulatory clarity for real-world asset (RWA) tokenization, signaling a milestone for the RWA sector. Authorities expressed concerns over speculative risks and reiterated that virtual currencies lack legal status equivalent to fiat money.

bitcoinist02/07 16:01

China Steps Up Crypto Crackdown, Blocks Domestic And Overseas Issuers

bitcoinist02/07 16:01

Russia’s Largest Bank To Offer Crypto-Backed Loans For Corporate Clients – Report

Russia's largest bank, Sberbank, is preparing to offer crypto-backed loans to corporate clients following a successful pilot project in December 2025. The bank is finalizing the necessary infrastructure and methodology for scaling this service and is engaging with the Central Bank of Russia (CBR) to develop appropriate regulations. This move comes amid strong corporate interest and follows similar services by global institutions. The expansion of such lending will depend on the development of the regulatory environment. Meanwhile, domestic rival Sovkombank has also begun offering Bitcoin-backed loans. These developments coincide with Russia's efforts to implement a comprehensive digital assets framework by July, which will allow retail and qualified investors to purchase digital assets through licensed platforms, with certain investment limits and testing requirements.

bitcoinist02/07 13:01

Russia’s Largest Bank To Offer Crypto-Backed Loans For Corporate Clients – Report

bitcoinist02/07 13:01

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