The US Treasury asks for community feedback on the GENIUS Act to help implement stablecoin regulation. The law won’t take effect until responsible agencies finalize their own policies, or 18 months pass. This current round of comments focuses on enforcement tools. Treasury wants to prevent financial misconduct without giving issuers an infeasible burden. US Treasury…
China’s local legislature has formally declined to create local rules for disposing of seized cryptocurrency. Instead, it called for national-level regulations from the Beijing authorities. This reflects an inevitable collateral consequence of China’s total crypto ban. Henan Province Says Local Legislation Unsuitable The Congress of Henan Province, a central Chinese province south of Beijing with…
Japan’s Financial Services Agency will approve the nation’s first yen-denominated stablecoin. This approval allows fintech firm JPYC Inc. to issue its digital token. The company plans to launch the stablecoin later this year. According to a Nikkei report published on August 18, the regulator plans to register JPYC as a money transfer service provider within…
The US Treasury’s Office of Foreign Assets Control (OFAC) announced new sanctions against A7A5, a Russian ruble-pegged stablecoin, and its affiliates. According to a press release on August 14, 2025, OFAC also added the stablecoin‘s creator, A7 LLC, to its Specially Designated Nationals list. Ruble-Backed Stablecoin A7A5 Plummets; Will Tether Be Affected? This move against A7A5 followed…
The Federal Reserve just announced that it’s loosening its scrutiny over banks’ interactions with crypto. It has previously maintained a program to monitor these activities, which is now closing. This act mirrors an executive order President Trump signed last week, which sought to curtail unfair crypto debanking. This seems like a bullish development for the…
Lawmakers in New York are considering a bill that would impose a tax on digital asset transactions. The proposal, introduced in the state’s Assembly on Aug. 13, seeks to apply a 0.2% excise tax on the sale or transfer of digital assets like Bitcoin and Ethereum starting in September. According to the bill, revenue from…
The SEC keeps delaying Solana ETF applications, postponing four filings from Bitwise, 21Shares, Canary Capital, and Marinade Finance. There has not been any concrete explanation for this process. There are a few competing explanations for this setback, but there’s a simple and plausible answer. The Commission generally takes as much time as it can with…
In a recent interview, Treasury Secretary Scott Bessent claimed that the US won’t buy any Bitcoin for its Strategic Reserve. Instead, the federal government plans to fill it solely using assets from legal seizures. Bessent suggested that this reserve could contain between $15 and $20 billion, but that’s an oversimplification. Bitfinex repayments alone would reduce…
South Korea has officially made digital asset ecosystem development a national priority for the next five years. The Presidential Committee on Policy Planning included it among 123 policy agendas under the Lee Jae-myung administration. The committee listed “building a digital asset ecosystem” under its broader “innovative economy that leads the world” agenda. The Financial Services…
HMRC (His Majesty’s Revenue & Customs), the UK’s primary tax agency, is set to impose some new rules on crypto by January 2026. If token holders don’t familiarize themselves with the changes, they could face steep penalties. Lee Murphy, Managing Director at The Accountancy Partnership, provided BeInCrypto with some exclusive commentary on how to navigate…