News linked to this event type.
Odaily News The UK Financial Conduct Authority (FCA) has announced that it is seeking industry feedback on guidance for the UK's future crypto asset regulatory regime, aiming to advance the implementation of a comprehensive regulatory framework set to take effect on October 25, 2027.According to the announcement, this consultation round will last until June 3, 2026, and aims to help businesses understand the impact of the new rules on their operations, while providing compliance guidance for key areas such as stablecoin issuance, crypto trading, custody, and staking. The FCA stated its intention to establish a "competitive and sustainable" crypto market, enabling compliant firms to better serve UK users.The FCA also disclosed that the relevant crypto firm authorization application channel is expected to open in September 2026 and remain open until February 2027. All institutions providing crypto asset services will in the future need to obtain authorization under the Financial Services and Markets Act (FSMA), and those previously registered under the anti-money laundering framework will not be automatically exempt. This guidance consultation is seen as a significant step in the UK's gradual improvement of its crypto regulatory system, marking an acceleration in its transition from partial regulation to a comprehensive licensing regime. (Cointelegraph)
According to DL News, Jeremy Allaire, CEO of stablecoin issuer Circle, stated that the company currently has no plans to launch a Korean won-pegged stablecoin but is closely monitoring legislative developments in South Korea and seeking to expand its business within the local regulatory framework. Should South Korea establish a legal pathway allowing global enterprises to enter the market, Circle would be willing to apply for a license, establish a local branch, and provide technical support to Korean institutions issuing stablecoins.
Decentralized equity asset trading protocol DeShare announced a partnership with compliant digital asset exchange DigiFT to launch the first SpaceX Pre-IPO asset presale on the Monad network. Under the agreement, all SpaceX-related assets will be custodied in compliance by DigiFT, ensuring a 1:1 peg to the underlying real-world asset value and delivering a secure, transparent, and auditable investment experience. This collaboration marks DeShare’s establishment of a full-cycle equity trading ecosystem spanning secondary-market trading of Hong Kong and U.S. equities, IPO subscription, and Pre-IPO allocation. Starting with SpaceX, on-chain investment in high-quality global Pre-IPO equity assets is gradually becoming a reality.
According to CoinDesk, Wall Street brokerage Bernstein released a research report stating that prediction market trading volume is expected to grow from $5.1 billion in 2025 to approximately $100 billion in 2030, representing a compound annual growth rate (CAGR) of roughly 80%. Trading volume is projected to reach $24 billion in 2026, while Polymarket and Kalshi combined have already generated $60 billion in trading volume year-to-date. The report identifies three core drivers of this growth: increasing regulatory clarity at the federal level, blockchain infrastructure enabling global liquidity, and integration with mainstream trading platforms. Industry revenue is expected to rise from approximately $400 million in 2025 to about $10.8 billion in 2030. Distribution capability is viewed as a key competitive barrier. Robinhood has achieved an annualized revenue run-rate of $350 million from prediction markets and is advancing its exchange infrastructure development; Coinbase, meanwhile, offers nationwide access to over 1,000 contracts via the Kalshi platform. Bernstein maintains an “Outperform” rating on both companies.
Odaily According to reports, U.S. President Donald Trump stated that he would dismiss Federal Reserve Chair Jerome Powell if Powell remains in his position after his term expires. Powell's term as Chair is scheduled to end on May 15th. In an interview, Trump said, "If he doesn't leave, then I'll have to fire him." It is reported that Kevin Warsh, Trump's nominee to succeed Powell, has not yet been confirmed by the Senate. This means Powell may continue to serve in an "acting Chair" capacity during the transition period. Powell has previously stated that he will legally remain in his position if his successor is not confirmed. Additionally, the U.S. Department of Justice is currently investigating the renovation project at the Federal Reserve headquarters. Trump has repeatedly criticized Powell for not cutting interest rates as he desired and has questioned the costs of the related projects, suggesting there "may be corruption or serious mismanagement."Powell responded by stating he has no intention of resigning before the investigation concludes, emphasizing that he will fulfill his duties until the investigation is "completely finished and a transparent conclusion is reached." (CCTV News)
Odaily News U.S. Senator Warren recently expressed concerns about Musk's planned payment platform X Money, set to launch in April, stating it could pose risks to consumer protection, national security, and the stability of the financial system. Warren pointed out that after acquiring and rebranding X, Musk is pushing it to become a "super app" covering "users' entire financial lives," potentially even replacing the traditional banking system. She questioned X's performance in security and content governance, arguing that this undermines its credibility in entering the consumer finance space. Additionally, Warren criticized the current regulatory environment for becoming more lenient, including the Trump administration's push for the "GENIUS Act," which provides a "special pathway" for private companies to issue stablecoins, potentially weakening necessary regulatory constraints. (Decrypt)
According to CryptoSlate, the White House Council of Economic Advisers recently released a research report stating that banning stablecoin yields offers only minimal protection for bank lending, yet would significantly reduce consumers’ ability to earn returns through digital cash. This conclusion directly undermines the banking industry’s core argument in favor of yield restrictions and provides new policy support for the CLARITY Act. Currently, Treasury Secretary Bessent and SEC Chair Atkins have both publicly endorsed the bill, indicating growing alignment between the executive branch and regulatory agencies. However, the Senate Banking Committee has yet to announce a timeline for reviewing the legislation, and political maneuvering remains the largest uncertainty. Analysts note that if the committee completes its review before the summer recess, the bill’s chances of passage will rise substantially; otherwise, it faces the dual risks of electoral pressures and legislative delays.
According to Bloomberg, cryptocurrency hedge funds are extending their trading activities into traditional commodities and stock indices. Previously, these funds operated in the cryptocurrency markets—long overlooked by Wall Street—trading tokens on 24/7, clearinghouse-free, and unregulated platforms. Now, traditional assets such as crude oil, copper, and the Nasdaq-100 Index are increasingly appearing on these platforms, signaling that cryptocurrency trading infrastructure is penetrating mainstream financial assets.
According to a post by Bitget CEO Gracy Chen, Bitget’s IPO Prime product—launched in partnership with Republic—offers four core advantages: - Underlying Assets: Real SpaceX equity is held via an SPV and tokenized; Bitget, as a participating party, guarantees token redemption. - Compliance: Republic maintains a comprehensive compliance framework and extensive Pre-IPO issuance experience. - Participation Method: Supports both primary-market subscription and secondary-market trading, enabling users to acquire tokens at lower prices. - Liquidity: The $preSPAX allocation has a market value of approximately $60 million, delivering an enhanced trading experience.
Odaily News Eric Anziani, COO of crypto.com, stated at Paris Blockchain Week that prediction markets could become a trillion-dollar market. Because users have a direct stake in the outcomes, their accuracy can be 30% higher than surveys. (Cointelegraph)
Odaily News The State Bank of Pakistan has officially allowed banks to open accounts for licensed Virtual Asset Service Providers, lifting its 2018 ban. (Cointelegraph)
According to DL News, Bitcoin has surged 8% over the past two weeks and is currently trading near $74,000. Max Kahn, CEO of Digital Wealth Partners, noted that Bitcoin’s next upward move hinges on three key factors: first, inflation data driven by energy prices; second, market expectations regarding the Federal Reserve’s monetary policy—should inflation remain under control and market sentiment shift toward dovish expectations, risk assets like Bitcoin would benefit directly; and third, sustained institutional inflows, with Bitcoin ETFs recording $523 million in net inflows in April, continuing the strong performance seen since March.
According to market reports, the State Bank of Pakistan has officially lifted its ban on virtual assets, which had been in effect since 2018. Banks are now permitted to open separate, non-interest-bearing Pakistani Rupee accounts for Virtual Asset Service Providers (VASPs) licensed by the Pakistan Virtual Assets Regulatory Authority (PVARA). Banks must conduct due diligence on such entities.
According to an official website announcement, Anthropic has introduced identity verification for certain use cases of Claude to prevent abuse, enforce its usage policies, and fulfill legal obligations. This process is powered by Persona, requiring users to submit a government-issued photo ID and possibly undergo real-time selfie verification. Anthropic states that verification data is used solely for identity confirmation—not for model training, marketing, or advertising. If verification fails, users may retry multiple times within the process or submit a form to request human assistance. Accounts may be suspended in cases of repeated violations of usage policies or terms of service, registration from unsupported regions, or use by individuals under 18 years of age.
The People’s Bank of China Shaoguan Branch, in collaboration with the General Office of the Shaoguan Municipal People’s Government, issued a risk alert on virtual currencies ahead of the “4·15” National Security Education Day for All Citizens. It also disclosed four typical cases: money laundering through “high-paying U.S. dollar-pegged stablecoin (USDT) part-time jobs,” illegal fundraising under the guise of “capital-guaranteed, high-yield cryptocurrency trading,” pyramid scheme fraud involving the “RWA Digital Culture & Tourism Fund,” and offline “currency swapping” activities constituting de facto foreign exchange transactions. Regulators clarified that virtual currency exchange, trading, and RWA tokenization activities are all illegal financial activities. Projects promising “high returns, low risk, and guaranteed profits” are mostly scams. The public should abandon fantasies of getting rich overnight, steer clear of virtual currency-related investments, opt for legitimate financial channels, and promptly report any suspicious activity to the police to minimize losses.
According to Cointelegraph, U.S. Senator Tim Scott said today that he is optimistic the CLARITY Act will be finalized this summer.
According to Bloomberg, a new report indicates that many U.S. cryptocurrency investors may have failed to report their digital asset holdings to the Internal Revenue Service (IRS). Tyler Menzer, an assistant professor at Texas Christian University, and his co-authors analyzed anonymized IRS tax data and found that between 2013 and 2021, only 6.5% of taxpayers reported cryptocurrency sales—despite surveys from the same period indicating that 12% to 21% of U.S. adults had held cryptocurrency. The analysis suggests that some investors’ failure to accurately report cryptocurrency-related income and transactions may result in tax revenue losses. The study also found that cryptocurrency holders are more likely to hold meme tokens, tend to be younger and have lower incomes, and exhibit trading behaviors markedly different from those of traditional stock investors. CoinTracker data shows that for the 2025 tax year, cryptocurrency investors on average need to report 836 transactions; short-term holdings yield an average loss of $636, while long-term holdings generate an average gain of $2,692.
According to DL News, the Central Bank of Russia plans to require all cryptocurrency traders to undergo identity verification and push domestic exchanges to fully implement “Know Your Customer” (KYC) protocols to de-anonymize cryptocurrency transactions within the country. The related regulations are expected to take effect in July this year. The central bank also requires Russian citizens to declare their cryptocurrency assets held in overseas wallets to the Federal Tax Service. The new rules will also prohibit users from directly transferring assets from Russian custodial wallets to overseas non-custodial wallets; all transfers must go through official cryptocurrency custodians and exchanges. The central bank stated it will not confiscate citizens’ cryptocurrency assets but emphasized enhanced oversight of non-custodial wallets to comply with anti-money laundering (AML) and KYC requirements. Additionally, Russia plans to launch a blockchain-based digital ruble to improve economic transparency and curb capital flight.
Odaily News According to the Russian Central Bank, it plans to require its citizens to report their crypto assets held overseas after the new round of crypto regulatory rules take effect.Vladimir Chistyukhin, First Deputy Governor of the Russian Central Bank, pointed out that the new regulations will strengthen KYC requirements for exchanges to enhance transaction transparency. He also emphasized that the regulations do not prohibit individuals or institutions from holding crypto assets in overseas wallets, but they must be reported to the Federal Tax Service. This measure is expected to take effect in July along with the relevant regulatory framework. (DL News)
According to Paul Grewal, Coinbase’s Chief Legal Officer, Virginia Governor Abigail Spanberger has signed HB 798, a bill extending the state’s unclaimed property laws to digital assets and ensuring that digital assets can be administered in kind. This measure aims to improve the legal ownership framework and handling mechanisms for digital assets. Paul Grewal expressed his gratitude for this development.