Regulation & Policy

Amid the impact of the Iran war, a certain CEX offered about 1,000 temporary relocation options for its employees in the UAE, including to places such as Hong Kong. Its UAE operations remain normal, and global user services are unaffected. This move is intended to address disruptions to cryptocurrency activities caused by regional conflicts.

Circle’s Chief Strategy Officer Dante Disparte responded to the Drift Protocol theft incident, emphasizing that freezing USDC is being carried out according to law, calling for stronger coordination between law and technology, and suggesting that DeFi protocols should draw on protection mechanisms from traditional markets to advance legal protection of property rights and financial privacy.

The European Central Bank supports transferring regulatory authority over cross-border financial market participants such as crypto-asset service providers to the European Securities and Markets Authority, with the aim of strengthening the integration of the EU capital markets and their competitiveness; the related proposals will be subject to legislative talks between member states and the European Parliament.

The U.S. Department of the Treasury classifies stablecoin issuers as financial institutions, requiring them to comply with anti–money laundering regulations and designating U.S. residents with no criminal record as compliance officers. The new requirements grant issuers the authority to freeze transactions, emphasizing the protection of the financial system and the promotion of technological development. However, regulatory pressure and political power struggles still remain, and the outlook for the market in the future is still to be seen.

The article discusses legal disputes involving Polymarket prediction markets, especially the unclear boundary between insider trading and gambling. It emphasizes that using USDC for settlement exposes Chinese participants to legal risk, and it mentions the “End Prediction Market Corruption Act” proposed by a U.S. senator, which prohibits certain government officials and their family members from participating in prediction market trading.

Some users on Threads claim that Taiwan’s special legislation will ban USDT trading, saying it is actually fear-based marketing. Experts emphasize that the draft allows overseas stablecoin transactions and urge people to choose regulated exchanges to avoid scams and risks. The government will legally penalize underground coin traders that are not registered to operate. The public should stay rational and not believe online rumors.

A cryptocurrency exchange became the first CEX to be approved for a Federal Reserve master account, but the account is restricted—access is limited to the Fedwire payment system, and it cannot earn interest. This move has sparked concerns about financial risk and transparency in the U.S., and regulatory experts warn it could affect financial stability. The exchange said it is complying with anti–money laundering requirements.

The amendment to the Financial Instruments and Exchange Act passed by the Japanese government first clearly defines cryptocurrency as a financial instrument, and introduces an insider trading prohibition and an obligation to disclose annual information. This marks a new stage in cryptocurrency regulation. It is expected to take effect in 2027 and establishes core rules such as prohibiting insider trading, mandatory disclosure, and enhanced penalties. In addition, the plan includes reducing cryptocurrency tax rates and opening the door to ETFs, to promote market transparency and investor protection.

The U.S. Treasury will classify stablecoin issuers as financial institutions, requiring them to comply with anti-money-laundering regulations, and will designate U.S. residents with no criminal record as compliance officers. The new rules give issuers the authority to freeze transactions, emphasizing protection of the financial system and the promotion of technological development. However, regulatory pressure and political power struggles still remain, and the outlook for the market in the future is still to be seen.

The U.S. Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection announced that it will expand free cyber threat intelligence to eligible digital asset companies—marking the first time the cryptocurrency industry has been included in the country’s national financial cybersecurity information-sharing framework. This initiative is intended to help digital asset companies respond to cyber threats more effectively and to align with relevant policy recommendations to strengthen the resilience and security of the financial system.

The Korean Financial Intelligence Unit will impose stricter regulation on individual crypto wallets and overseas crypto exchanges. Under the new rules, digital assets transferred to individual wallets exceeding 10 million KRW must be reported, and the 1 million KRW minimum threshold will be removed. The industry is concerned this move may limit trading by Korean users, affect market liquidity, and is calling on the FIU to establish clear risk classification standards.

The French National Assembly has passed a rule requiring mandatory reporting of crypto assets held in self-custody wallets above 5,000 euros, applicable to multiple mainstream wallets. The DGFIP opposes this, arguing that enforcement will be difficult and that data centralization will increase user risk. Experts say the law may be hard to implement and urge users to closely monitor subsequent developments.

The Japanese government approved amendments to the Financial Instruments and Exchange Act on April 10, marking the first time that crypto assets are brought under regulation. The amendments prohibit insider trading and require issuers to disclose annual information. The amendments increase penalties for violations; if approved by the National Diet, they will take effect in 2027, with the goal of improving market fairness and protecting investors.

Gate News update: On April 10, Japan’s Cabinet approved a new regulatory bill for crypto assets. The bill plans to classify crypto assets as financial instruments and introduce three core regulatory requirements: a ban on insider trading, an annual information disclosure regime, and related compliance obligations. This move marks further refinement of Japan’s regulatory framework for crypto assets.

FDIC proposes rules requiring 1:1 reserves, daily monitoring, and strict redemption timelines for stablecoin issuers. Framework sets capital, liquidity, AML, and cybersecurity standards for banks issuing payment stablecoins. Proposal clarifies reserves lack direct deposit insurance,

The Hong Kong Monetary Authority will announce the first batch of stablecoin licenses on April 10 in the afternoon, with an expected issuance of 2 to 3 licenses. Previously, after a rigorous review process, it received 36 applications, aiming to ensure the soundness of stablecoin issuance.

Three Democratic senators are asking for documents related to the \$TRUMP Meme coin activity, accusing the organizers of encouraging token purchases by dangling access to President Trump. The event may allow Trump and his family to benefit and raises concerns about a conflict of interest. The senators emphasized that the organizers’ promotion is misleading and urged the addition of moral provisions in the crypto market bill to limit current officials from profiting. This incident could affect confidence in the crypto market and the legislative process.

Three U.S. senators questioned whether former President Trump is promoting the purchase of TRUMP Coin through a luncheon event, and asked the organizers to provide relevant documents. The event is limited to the first 297 token holders, and whether Trump can attend is also in doubt. The senators accuse the effort of encouraging people to buy the coin in order to profit.

Scott Bessent has stepped into the crypto debate with a strong message. He says the Digital Asset Market Clarity Act is not just about finance. Instead, he calls it a matter of national security. In a recent opinion piece published by The Wall Street Journal, Bessent urged lawmakers to act fast. He

Bitcoin surged in the short term to $71,830 before pulling back. U.S. Treasury Secretary Bessent advancing the “CLARITY Act” faces challenges that could affect stablecoin legislation. WLFI borrowed $75 million in stablecoins, raising liquidation risk. U.S. stocks rose on expectations of peace talks, and market sentiment is optimistic, but liquidity in capital flows still needs improvement.