GetChain News
中简 中繁 EN
GetChain News
Toggle sidebar

Regulation/Compliance

News linked to this event type.

Korean authorities rule out immediate easing of virtual asset regulations

following an internal review, South Korea's Financial Services Commission, Ministry of Economy and Finance, and the Bank of Korea have stated that it is currently difficult to push forward with the easing of virtual asset regulations requested by the industry.Regulatory authorities pointed out that the current policy stance has not shifted toward deregulation, and some adjustment proposals from the industry would be difficult to implement without amending existing laws. The review was prompted by a meeting held on June 8 between the Ministry of SMEs and Startups and industry representatives.A relevant official from South Korea's Financial Services Commission stated that regulators are currently gathering industry opinions on specific implementation details, rather than planning to relax regulations, and no definitive plans have been established yet. (Edaily)

U.S. ICBA Calls for Re-examination of Kraken’s Limited-Purpose Charter; Crypto Firms’ Prospects for Direct Access to Fed Payment Systems Under Pressure

According to CryptoSlate, the Independent Community Bankers of America (ICBA) sent a letter to the Federal Reserve Bank of Kansas City requesting a reassessment of Kraken Financial’s compliance ahead of the renewal of its one-year limited-purpose charter, and urging consideration of additional restrictions, suspension, non-renewal, or termination.

Bitget Launches Direct US Stock Connection Service, Enabling Direct Purchase of 10,000+ Real US Stocks

that, according to official news from Bitget, the platform has officially launched its direct US stock connection product, "Bitget US Stocks," allowing users to buy and sell over 10,000 real US stocks and ETFs directly using USDC. The service executes settlements through licensed US brokers, granting users full shareholder rights including cash dividends and voting rights. It covers pre-market, regular, and after-hours trading sessions, and supports the seamless transfer of existing stock holdings from other brokerage platforms into Bitget. This move is another key step in Bitget's US Stock 2.0 strategy, following the launch of the Reality protocol and rToken-based US stock tokens in early June, aimed at providing a more intuitive trading interface for users accustomed to traditional brokerage experiences.To coincide with the new product launch, Bitget is simultaneously rolling out an accelerated stock transfer program. During the promotional period, users who transfer US stock holdings from external brokerages such as Futu, Tiger Brokers, moomoo, Longbridge, Webull, and IBKR into Bitget have the chance to receive a transfer fee subsidy of up to $10,000. The registration period runs from June 22, 19:00 to July 10, 23:59 (UTC+8), and subsidies will be distributed to eligible users every Monday. Transferred assets can be held or traded directly within the Bitget account.On June 5th, Bitget announced the listing of US stock tokens launched by its compliant RWA protocol. It currently supports over 500 US stocks and ETFs, including SpaceX, Tesla, and Nvidia, with assets under management (AUM) exceeding $50 million. The launch of direct US stock connection further completes Bitget's US stock product matrix, offering users accustomed to traditional brokerage experiences a more intuitive trading interface and experience.

Taiko: All Proposers Halted Block Production, Investigating Breach of Chain State Verification Mechanism

Taiko stated on the X platform that all Proposers (nodes responsible for producing new blocks) have suspended block production.Taiko stated that the team is currently investigating the breach of the chain state verification mechanism and is continuously assessing the scope of the incident's impact and subsequent countermeasures. Previously, Taiko confirmed that its chain state verification mechanism had been compromised and advised users to immediately withdraw funds from cross-chain bridges deployed on Taiko.

Viewpoint: Mythos’ breach of the NSA signals that AGI is drawing near; 9% inflation will not become the norm

Anthony Pompliano, Chairman of Bitcoin treasury company ProCap Financial, posted on X stating that Mythos allegedly breached the U.S. National Security Agency’s (NSA) classified systems within hours—a development that will further intensify public concerns about AI risks and prompt increased regulatory intervention. Yet the more critical signal conveyed by this incident is that AGI (Artificial General Intelligence) is, in fact, drawing near. Current AI technologies not only surpass humans in capability but are also self-training and improving at an incomprehensible pace—“humans cannot compete with these models.”

Korea Financial Research Institute: Discussions on the Korean won stablecoin should prioritize use cases over issuing entities

According to Bloomingbit, Ji Man-soo, Senior Research Fellow at the Korea Financial Research Institute, stated that before deciding on the issuing entity for the Korean won stablecoin, policymakers should prioritize reviewing concrete use cases and feasibility. Citing Hong Kong as a reference case, he noted that the Hong Kong Monetary Authority (HKMA) has granted stablecoin issuance licenses to HSBC Hong Kong and AnchorPoint Financial—a joint venture established by Standard Chartered Hong Kong, Animoca Brands, and HKT—covering use cases such as cross-border payments, domestic payments, tokenized asset trading, and supply chain finance, all aligned with broader digital finance strategies including central bank digital currency (CBDC) and tokenized deposits. Ji Man-soo suggested that discussions around the Korean won stablecoin should begin by asking, “Which problems in Korea’s domestic financial and payment systems can it solve?” Concurrently, specific applications for payments, asset tokenization, and trade finance must be designed to ensure the regulatory framework is effectively implemented.

Polymarket probability drops to 41% that "Claude Fable 5 will be restored for US customers by June 26," down 16% in 24 hours

Odaily Seer Channel monitoring shows that the probability on Polymarket for "Claude Fable 5 will be restored for US customers by June 26" has dropped to 41%, down 16% in 24 hours.Due to US government export controls imposed on national security grounds, Anthropic suspended global access to the Claude Fable 5 model just days after its release on June 9.Latest reports indicate that Anthropic executives have submitted a proposal to US Commerce Secretary Howard Lutnick, pledging closer collaboration with the White House and working to address the security concerns that led to restrictions on its powerful "Mythos" and "Fable" models.Sources familiar with the matter say that during ongoing remediation negotiations, Anthropic has committed to resolving any security issues more quickly in the future, though there is currently no exact timeline for a complete resolution. Another insider stated that Anthropic co-founder and Chief Computing Officer Tom Brown, along with Head of Public Policy Sarah Heck, are leading negotiations with Trump administration officials. Representatives from both Anthropic and the Department of Commerce did not respond to requests for comment.Odaily Seer Channel continues to monitor prediction markets, seeing changes before they are priced in.

Thai Authorities Raid Multiple Illegal Bitcoin Mining Farms, Seize 315 Mining Rigs

According to the Bangkok Post, Thailand’s Ministry of Interior, Provincial Electricity Authority, police, and local administrative officials conducted inspections at 14 illegal Bitcoin mining sites across five provinces in northeastern Thailand, seizing 315 cryptocurrency mining devices. Investigators found evidence of tampered electricity meters and unauthorized power connections at these locations to operate the mining equipment. The report estimates total losses at 40.38 million Thai baht (approximately USD 1.24 million), including a 5.38 million baht (approximately USD 165,000) fine for electricity violations and roughly 35 million baht (approximately USD 1.07 million) in unpaid electricity bills. Authorities have collected evidence and filed complaints against those involved.

Gitcoin Subdomain Suffers Frontend Attack Containing Eleven Drainer Malicious Code

According to security firm Blockaid (@blockaid_), its monitoring engine detected a front-end attack targeting the @gitcoin subdomain files[.]gitcoin[.]co, which contains malicious Eleven drainer code. Blockaid advises users to refrain from any interaction with this website while the issue is under investigation and remediation.

Hong Kong Police: Over 2,000 people arrested in Q1 for fraud and money laundering, with 70% involving “shell accounts”

According to HK01, the Hong Kong Police Force’s Financial Intelligence and Investigation Bureau, in collaboration with the Hong Kong Monetary Authority and the Hong Kong Association of Banks, jointly organized an “Anti-Money Laundering Exhibition.” Hong Kong Police Commissioner Andy Tsui revealed data indicating that over 9,400 fraud cases were recorded in Hong Kong during the first quarter of this year—a decrease of approximately 60 cases compared to the same period last year. However, losses totaled over HK$1.85 billion, an increase of nearly HK$300 million year-on-year. Around 2,000 individuals were arrested in the first quarter of this year for fraud- and money laundering-related offenses, approximately 70% of whom were “money mule account” holders. The Hong Kong Police Force warned that, under current legislation, conviction for money laundering carries a maximum penalty of a fine of HK$5 million and up to 14 years’ imprisonment; courts may also impose additional penalties depending on the circumstances.

The Wall Street Journal: Polymarket Hired Paid Creators to Post Fake Profit Videos

According to The Wall Street Journal, prediction market platform Polymarket is accused of hiring paid content creators to post a large number of deceptive “profit showcase” videos on social media—where all claimed earnings are fabricated. An investigation revealed that in one video, a college student claimed to have won $100,000 on Polymarket by betting on “Trump publicly mentioning McDonald’s,” but the reported profit was not real.

欧盟就 MiCA 2.0 征求意见,聚焦稳定币与 DeFi 监管

欧盟委员会正就 MiCA 框架修订公开征询意见,行业关注稳定币储备规则、DeFi 去中心化认定及预测市场监管归属等核心议题。

ancakeSwap Responds to OLPC/LABUBU Pool Incident: Preliminary Investigation Suggests No Contract Vulnerability, Probe Ongoing

PancakeSwap has issued a notice regarding abnormal activity in the BNB Chain OLPC/LABUBU liquidity pool, stating that the team has acknowledged community reports and initiated a preliminary investigation.PancakeSwap indicated that initial findings confirm no issues at the smart contract level, and the relevant incident is still under further review. The team will continue to monitor the situation and provide updates as more information becomes available.The platform reminds users to rely on information released through PancakeSwap's official channels and to be cautious of unverified rumors.

Tether Co-Founder: Stablecoins Will Enter the 2.0 Era—Future Reserve Yields Should Be Shared with Users

According to FinanceFeeds, Reeve Collins, co-founder of Tether, stated that the stablecoin industry is entering a “2.0 era.” Current stablecoin infrastructure still suffers from structural issues, and next-generation solutions must address users’ inability to earn returns on reserve assets. The core logic of Stablecoin 1.0 is “users provide $1, and issuers mint one token,” yet users only gain payment and transfer convenience—without sharing in reserve earnings. In the future, financial services will increasingly become infrastructure: “Users won’t care which bank sends funds,” and AI agents may select different financial ecosystems based on user interests. The next phase of stablecoin competition will center on financial infrastructure and yield-distribution models. On regulatory matters, Reeve Collins revealed he continues to hold Bitcoin long-term. He also noted that USD-pegged stablecoins remain, in essence, extensions of the U.S. financial system—exposing them to regulatory reach—and differ fundamentally from central bank digital currency (CBDC) models, which may offer stronger programmability and financial surveillance capabilities.

Japanese police crack stablecoin money laundering case: Fraud funds converted into crypto assets, experts warn of regulatory challenges

stablecoins, which have gained attention from governments and financial institutions as a new type of electronic payment tool, are now being used by some criminal groups for money laundering. Due to their peg to fiat currencies, low price volatility, and fast transfer speeds, fraud groups have begun converting funds obtained from special scams into stablecoins to conceal the source of funds.In March this year, the Osaka Prefectural Police arrested three men on suspicion of violating the Organized Crime Punishment Law, accusing them of assisting an investment fraud group in money laundering. Police stated that the three individuals converted approximately 14 million yen from 10 victims across six prefectures into crypto assets, including stablecoins, in an attempt to obscure the flow of funds.According to investigations, the trio engaged in over-the-counter (OTC) crypto asset transactions conducted directly between individuals without the involvement of exchanges, and police believe they may be involved in money laundering activities totaling billions of yen.The report notes that while stablecoins operate on blockchain technology, offering features such as tamper-proof transaction records, their rapid cross-border transfer capabilities and peer-to-peer transaction models also increase the difficulty of tracking.Naoyuki Iwashita, Professor Emeritus at Kyoto University, stated that once digital assets are exploited by criminals, subsequent investigations and fund tracing will face greater challenges. As the application of stablecoins expands in the Japanese market, industry insiders believe that strengthening anti-money laundering (AML) measures and transaction oversight will become prerequisites for their further development. (Kyodo News)

Namada suffered an attack, with over 220,000 ATOM flowing into a Cosmos Hub address before being transferred out

According to Odaily, the privacy-focused public chain project Namada officially stated that the protocol encountered a vulnerability attack incident. The team is currently investigating and has contacted relevant parties to assist in handling the matter.Officials stated that if the operator behind this attack is a white hat hacker, they hope the individual will proactively contact the team to further understand the vulnerability and facilitate a resolution.On-chain data shows that some ATOM assets related to the incident were allegedly transferred to a Cosmos Hub network address via IBC (Inter-Blockchain Communication protocol). According to on-chain tracking information, this address received approximately 228,517 ATOM on June 18. The funds were subsequently drained within hours through IBC transfers and multiple outgoing transactions. Currently, only a small balance remains in this address.As of now, Namada has not disclosed the type of vulnerability, the attack method, or the specific scale of losses. The relevant investigation is still ongoing.

AI Data Centers Spark "Power War": U.S. Moves to Accelerate Grid Connection for Large-Scale Computing Facilities

the AI boom has led to a surge in electricity demand from data centers across the United States, causing electricity prices to continue rising in many areas and prompting power outage warnings in some regions. To alleviate the power supply dilemma, the U.S. Federal Energy Regulatory Commission on the 18th required regional grid operators to consider new agreements to expedite the grid connection process for large electricity consumers like data centers. The commission also stated that it will no longer proactively consider environmental impacts under the U.S. National Environmental Policy Act when formulating rules going forward.According to data from the Data Center Map website, there are currently over 4,000 operational data centers in the U.S., with a vast number more in the planning or construction phase. However, the pace of data center construction far outstrips the speed at which new power plants can be brought online, compounded by slow grid interconnection timelines. As a result, major tech giants across the country are scrambling to secure electricity quotas for their facilities. Statistics from the Electric Power Research Institute indicate that data centers currently consume about 5% of total U.S. electricity demand, a share that could rise to approximately 20% by 2035. (CCTV Finance)

Analysis: US SEC Poised to Approve Tokenized Stock Trading, Potentially Reshaping the US Stock Market Structure

the U.S. Securities and Exchange Commission (SEC) is preparing to introduce a new policy that would allow crypto companies to offer blockchain-based tokenized stock trading, potentially having a significant impact on the traditional stock market structure. According to SEC Chairman Paul Atkins, companies will be permitted to experiment with new digital asset business models, including the tokenization of US stocks, without fully complying with existing disclosure and investor protection rules.However, the proposal has also raised concerns among traditional financial institutions such as Citadel Securities and SIFMA, who argue that such changes could divert liquidity and create regulatory arbitrage risks. As of now, the SEC has not made any public comments on the matter. (Reuters)

SEC Commissioner Hester Peirce on Perpetual Contracts and Prediction Market Regulation: Emphasizing Self-Custody and Financial Privacy Principles

Hester Peirce, Commissioner of the U.S. Securities and Exchange Commission (SEC), shared her views on perpetual contracts, prediction markets, and the future of digital asset regulation—overall adopting a positive and open tone. Peirce revisited the Rule 611 “trade-through” proposal, which has been under discussion for roughly two decades, noting that the so-called “innovation exemption” mechanism would be deliberately designed to be strict and narrowly tailored, striking a balance between market innovation and investor protection. She emphasized that clearer regulatory frameworks—not outright restrictions or ambiguous oversight—should govern emerging financial products such as tokenized securities, perpetual contracts, and prediction markets. She also underscored two core principles: self-custody and financial privacy must serve as foundational rights within future regulatory systems and must be integrated into the design of subsequent digital asset regulatory regimes.

Malaysia Revises Civil Servant Asset Rules: Raises Shareholding Limits and Includes Digital Assets in Regulatory Framework

According to The Edge Malaysia, Malaysia has announced a comprehensive revision of its civil servants’ stockholding and asset declaration system. Per the latest notice issued by the Malaysian Public Service Department, civil servants may invest in shares of companies registered in Malaysia; however, their shareholding must not exceed 5% of the company’s paid-up capital or RM300,000 in total value—whichever is lower. Compared to the previous cap of RM100,000, the new limit represents a significant increase. At the same time, the revised rules introduce a cumulative shareholding cap. Notably, digital assets are included in the regulatory framework for the first time, with an explicit emphasis on transparency and accountability in civil servants’ investment activities—to keep pace with evolving financial markets and investment instruments.