Regulation & Policy

The French National Assembly passed a bill requiring users to disclose self-hosted wallets with over €5,000, despite DGFIP's inability to verify data. Critics warn this may increase cybersecurity risks for users.

The U.S. Department of the Treasury classifies stablecoin issuers as financial institutions, requiring them to comply with anti–money laundering regulations, and designates U.S. residents with no criminal record as compliance officers. The new rules give issuers the authority to freeze transactions, emphasizing protecting the financial system and promoting technological development. However, regulatory pressure and political wrangling still exist, and the outlook for the market remains to be seen.

A netizen on Threads claimed that Taiwan’s special law would ban USDT trading, saying it’s actually fear-based marketing. Experts emphasized that the draft permits overseas stablecoin transactions, and urged people to choose legitimate exchanges to avoid scams and risks. The government will legally penalize unregistered underground coin dealers, and the public should stay rational and not believe online rumors.

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 give issuers the authority to freeze transactions, emphasizing the protection of the financial system and the promotion of technological development. However, regulatory pressure and political leverage still exist, and the outlook for the market remains to be seen.

Gate News message, on April 10, the Hong Kong Monetary Authority said it would maintain communication and engagement with the first batch of applicants that did not receive a license, as well as other institutions that apply in the future, to review these applications under uniform regulatory standards and requirements. Regarding the later issuance of stablecoin licenses and the timeline, the Monetary Authority has an open yet cautious attitude, and at this stage there is no clear inclination.

There are netizens on Threads claiming that Taiwan’s special act will ban USDT trading, and that it is actually fear-based marketing. Experts emphasize that the draft allows offshore stablecoin trading and urge people to choose legitimate exchanges to avoid scams and risks. The government will penalize unregistered underground coin traders according to law, and the public should stay rational and not easily believe online rumors.

Gate News message, April 10, Denis Beau, Deputy Governor of the Banque de France, called for limiting the use of stablecoins in payments under the framework of the European Union’s Markets in Crypto-Assets regulation (MiCA), especially stablecoins pegged to currencies other than the euro. French regulators are strengthening oversight of crypto assets from multiple directions.

The U.S. federal government argues that sports event wagering should be treated as a financial derivative rather than gambling, and it seeks to bar Arizona from enforcing against Kalshi, the prediction market platform. If the court backs the federal position, prediction markets will operate under uniform nationwide regulation, weakening each state’s ability to regulate. This legal dispute concerns the legitimacy of prediction markets and the allocation of regulatory authority, affecting the future development of the industry.

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.