BITPRISMIA
The Osaka Exchange is exploring cryptocurrency derivatives and ETFs, signaling a significant step towards integrating digital assets into Japan's regulated financial system, with potential impacts on market liquidity and investor engagement.
South Korea's Financial Supervisory Service (FSS) issued a warning to major crypto exchanges Upbit and Bithumb over their crypto lending services, citing legal risks and prompting immediate suspensions and regulatory actions.
The Bank of Korea's labor union has issued a warning about the risks associated with Korean won-pegged stablecoins, citing concerns over shadow banking, systemic financial instability, and operational vulnerabilities.
South Korea is reviewing the application of its Foreign Exchange Transactions Act to stablecoins like USDT, aiming to regulate their use under existing financial laws to ensure oversight without stifling innovation.
The upcoming White House visit to the Federal Reserve on July 24 is a significant event for economic policy discussions, with potential implications for financial markets, including cryptocurrencies.
Citadel Securities urges the U.S. SEC to adopt a cautious and comprehensive regulatory approach for tokenized securities, balancing innovation with risk management to ensure market stability and growth.
Tokenized bank deposits are gaining regulatory preference over stablecoins outside the U.S. due to their alignment with existing financial frameworks, offering stability and trust in digital payments.
The U.S. House is poised to pass key crypto legislation, including the GENIUS Act, a market structure bill, and a CBDC bill, marking a pivotal moment for digital asset regulation in the United States.
Congresswoman Maxine Waters criticizes the CLARITY and GENIUS Acts as 'risky giveaways' that could undermine SEC oversight and investor safety, while also highlighting the global implications of U.S. cryptocurrency regulation.
The Bank of England warns that stablecoins pose a critical threat to the traditional banking system by potentially draining liquidity, and advocates for tokenized deposits issued by regulated commercial banks instead.