Crypto Regulation

Major Chinese tech firms, including Alibaba and Tencent, appear to be pulling back from Hong Kong’s cryptocurrency market, with none applying for recent stablecoin licences. The move comes amid regulatory uncertainty and a reported shift in focus toward digital services for the energy sector.

China is moving to impose strict restrictions on its state-owned enterprises (SOEs) and banks operating in Hong Kong, in a move that could significantly reshape the city’s budding stablecoin sector.

Kyrgyzstan has made one of its boldest moves yet in the digital asset space, passing sweeping amendments to its “On Virtual Assets” bill that pave the way for a state cryptocurrency reserve and formalize government-led mining operations.

India is holding back from introducing a comprehensive law to regulate cryptocurrencies, with policymakers warning that such a move could inadvertently legitimize the asset class and threaten the country’s financial stability.

The SEC announced a plan to create clear rules for crypto, saying most tokens are not securities and introducing a framework for unified regulation. The agency also supports “super-app” platforms that combine trading, lending, and staking under one licence to encourage innovation while protecting investors.

Belarusian President Alexander Lukashenko is giving the nation’s banks the green light to broaden their use of cryptocurrencies as a way to bypass the impact of the global sanctions which has cause the nation's economy to decline.

Vietnam—consistently ranked among the world’s top countries for grassroots crypto adoption—has taken a bold regulatory leap with the launch of a sweeping five-year cryptocurrency market pilot.

The SEC’s Crypto Task Force will hold a public roundtable on 17 October to discuss financial privacy and surveillance in digital finance. Experts will explore how new privacy tools can protect users while helping regulators prevent fraud and shape crypto rules.

A Russian policymaker has proposed a state-run national crypto bank to centralise cryptocurrency trading, boost government revenue, and fight fraud. The plan would route all crypto activity through one institution, giving authorities oversight while offering miners a secure way to sell coins domestically.

German authorities may have overlooked a colossal stash of more than 45,000 Bitcoin—worth nearly $5 billion—linked to the notorious Movie2K piracy case, according to a new report from blockchain intelligence firm Arkham.