News linked to this event type.
The IMF Board completed its review, approved the disbursement of approximately $138 million to El Salvador, and granted a waiver for the country's violation concerning its overpurchase of Bitcoin.
Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission, said that regulatory agencies already possess substantial existing statutory authority. While participating in the work of the President's Working Group on Digital Asset Markets, he has studied statutory authorizations and legislative-level authorities, and will continue to issue regulatory rules in the crypto sector based on existing regulatory authority to prepare for the development of new areas in finance.
Odaily reports: Brazil's presidential election will be held on October 4, and the result could influence the country's crypto policy direction (Brazil ranks first globally in crypto adoption). Incumbent President Lula is facing off against former President's son Flavio Bolsonaro. If incumbent President Lula is re-elected, regulation and compliance requirements are expected to be strengthened, and the central bank has already tightened oversight of exchanges; he may also push for taxation of stablecoin transactions (previously shelved due to the election). If former President's son Flavio Bolsonaro wins, his crypto stance is unclear, and there is no record indicating he has ever mentioned cryptocurrency. However, he previously defended someone associated with the "Bitcoin Pharaoh" pyramid scheme. (Bitcoin.com News)
According to a report in Caijing magazine, Zhang Ming, Deputy Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, and other experts have advocated exploring the tokenization of dim sum bonds in Hong Kong as a priority asset direction worthy of development in the era of HKD stablecoins. Dim sum bonds combine the internationalization of the RMB, Hong Kong’s regulatory advantages, national asset allocation requirements, and the attributes of an offshore RMB and standardized financial instrument, alongside internationalized issuers and standard fixed-income asset features. Aligning with the global RWA (Real-World Assets) tokenization trend, they represent a crucial breakthrough avenue for Hong Kong’s digital finance sector and are well-suited to serve as premium underlying assets for an HKD stablecoin ecosystem. Whether a stablecoin ecosystem can generate long-term demand hinges not on “who issues,” but on “which assets can be purchased, settled, and allocated.”
Odaily News: A 60-year-old woman in Hong Kong reported that she had earlier met a fraudster claiming to be an investment expert on an online platform, and was subsequently induced to invest in cryptocurrency on a fraudulent website.Between April 14 and September 22, the woman made multiple transfers totaling approximately HK$21.5 million to designated investment accounts. The platform later demanded that she pay a deposit to prove that the investment account was not being used for money laundering.Police initially classified the case as obtaining property by deception, and it is being followed up by the Fourth Team of the Criminal Investigation Unit of the Sau Mau Ping Police District. No arrests have been made so far. (HK01 NFT)
The Philippines Anti-Money Laundering Council announced that the Court of Appeals has frozen 25 virtual asset wallets and assets including 86 bank accounts linked to a congressman and related individuals and entities.
Odaily Reports: Bitcoin News posted on X that the SEC plans to propose new rules under the 1940 Act, allowing investment advisers to directly hold bitcoin and other digital assets when no qualified custodian is willing to custody such assets. The SEC stated that traditional custodians typically refuse to custody such assets, creating a compliance gap in the existing custody framework. Once the proposal is published in the Federal Register, a 60-day public comment period will begin.
Macro and geopolitical developments intensified this week, with Federal Reserve officials stating they have ample time to set policy, while explosions echoed in Middle Eastern waters and Saudi Aramco facilities were reportedly on fire. Domestically, China’s Ministry of Commerce launched an anti-dumping investigation against the EU, and OpenAI’s head of security resigned.
Odaily News: USDC issuer Circle has submitted recommendations to the European Commission, advocating for revisions to the rules for foreign stablecoins under the Markets in Crypto-Assets Regulation (MiCA) and the establishment of a recognition mechanism for foreign issuers.Circle suggests that foreign stablecoin issuers should be primarily regulated by the authorities in their place of registration, and after obtaining equivalence recognition from relevant parties and the European Banking Authority (EBA), EU-licensed local entities would be responsible for distribution. This mechanism would also allow euro stablecoins to circulate in foreign jurisdictions.Circle also requested the removal of the requirement for e-money token issuers to hold 30% of reserve assets in commercial banks; for "significant" e-money tokens, the ratio is 60%. The company argues that this requirement increases exposure to banking credit risk and counterparty risk. (Bitcoin.com News)
The U.S. Senate failed to advance the Digital Asset Market Clarity Act, with the retirement of key lawmakers making it impossible to revive this 635-page bill, backed by both Wall Street and the crypto industry, before the end of the year, leaving the crypto regulatory framework facing a complete reset.
the U.S. Senate recently failed to advance the 635-page Digital Asset Market Clarity Act (Clarity Act), which aims to establish a regulatory framework for digital asset market structure.The bill sought to legally classify crypto tokens, set licensing requirements for trading-related businesses, and delineate the regulatory jurisdiction between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). (CoinDesk)
The Trump administration convened a rare closed-door meeting to discuss follow-up measures regarding the Middle East conflict and denied plans to impose a diesel export ban. Meanwhile, it pressured South Korea over the roughly $200 billion Alaska LNG project, while US-Russia-Ukraine negotiations also involved tens of billions of dollars in oil trades.
Odaily News: Greek police have dismantled a crypto investment scam ring and arrested 17 people, including 9 military personnel. A preliminary police investigation shows that about 10,000 people participated in the investment, with an average contribution of about €800 per person, and the amount involved is estimated to exceed €8 million.The ring operated by recruiting new participants to obtain higher returns, showing pyramid-like characteristics; it recently froze withdrawals and claimed that investors could receive double their principal back in 50 days after doubling their capital. Police have seized about €280,000, and the investigation is ongoing.
The Malaysian Ministry of Finance announced that the 10% import tariff on certain gold products will be officially lifted effective November 1. This policy adjustment will directly reduce cross-border trade costs for related products.
The Independent Community Bankers of America (ICBA) sued the Office of the Comptroller of the Currency (OCC), alleging that it illegally allowed crypto companies to enter the banking sector through national trust charters. The plaintiff argues that this action violates legal provisions, grants special privileges to crypto entities, and circumvents core financial regulatory obligations.
According to reports, Donald Trump plans to appoint current Director of National Intelligence Jay Clayton as the United States' first "AI Envoy." The move is seen as part of Trump's effort to establish an AI force similar to the "Space Force" and drive industry development without excessive regulation.
NEAR co-founder Illia Polosukhin posted that the recent increase in developer activity and further reduction in development barriers within the ecosystem center on what applications to build and how to establish distribution channels. In response, he proposed a series of potential building directions, including AI virtual pets combining NEAR AI’s on-chain verifiable inference with non-fungible tokens (NFTs); a universal checkout component supporting cross-chain intent payments; a decentralized encyclopedia integrating prediction markets with AI-generated content; a privacy-oriented OTC market based on NEAR Intents, alongside liquidation-resistant lending and perpetual contract management; a cross-chain event registration escrow tool backed by staking deposits; a privacy-preserving code review agent; a corporate cap table management tool; Delta-neutral strategy management; private copy trading utilizing view keys; an end-to-end encrypted medical auxiliary diagnostic system; a privacy-focused voice transcription desktop application; and AI benchmarking based on private test sets, among others.
Odaily News: When a token project fails to deliver tokens as agreed, investors need to review the signed agreements, attachments, amendments, and cover letters to confirm the legal entity bearing the obligation, the number of tokens or calculation method, delivery trigger events, vesting arrangements, and transfer restrictions.The projected launch date published by the project does not equate to a binding delivery deadline. When tokens have already been distributed to other participants, it is necessary to assess whether the delivery obligation has been triggered based on the agreement's definition of the token generation event, whether the investor has completed the prerequisites, and the project team's actual conduct.When a project requests an extension of the lock-up period, a reduction in allocation, a token swap, or a change in the responsible entity, investors should verify whether the contract authorization and amendment documents contain waiver of rights clauses. Investors may retain payment records, transaction hashes, wallet addresses, communication records, and project announcements, and review the notification, remediation, negotiation, arbitration, or litigation procedures. (Bitcoin.com News)
Odaily News: Bitwise Asset Management Chief Investment Officer Matt Hougan stated that after the Senate declined to advance the CLARITY Act on September 15, stablecoin platforms retain room to offer balance rewards to customers, and exchanges such as Coinbase also continue to maintain existing state-level licenses and advantages in integrating trading and brokerage operations.The U.S. Securities and Exchange Commission (SEC) issued a five-year exemption for tokenized stock trading on September 17, allowing qualifying platforms to adopt permissioned automated market makers and liquidity pools for testing. Hougan listed Securitize, which provides services for BlackRock, Apollo, and KKR tokenized funds, as a beneficiary.SEC staff updated token buyback guidance on September 28, stating that for networks that are already functional and have no centralized party, buyback announcements do not constitute a promise on which purchasers rely for expected profits; the guidance does not have legal effect. (Bitcoin.com News)
Odaily News: Nate Geraci, President of ETF Store, stated that the U.S. SEC has approved the first batch of 3x leveraged Bitcoin and Ethereum ETFs for listing and trading. Recent SEC filings show that the related products include ETFs seeking to achieve 3x the daily performance of Bitcoin or Ethereum.Geraci noted that less than three years ago, the SEC's lawsuit with Grayscale over a standard spot Bitcoin ETF had not yet concluded, and now the regulatory environment has changed significantly.