Hong Kong Securities and Futures Commission approves Victory Fintech Virtual Asset Trading Platform License

CFTC chief launches innovation task force focused on crypto framework

The CFTC is establishing an Innovation Task Force to enhance its crypto and blockchain regulation, led by Michael Passalacqua. The initiative aims to provide a platform for dialogue among innovators on crypto, AI, and prediction markets.

ECB: Stablecoins and Tokenized Deposits Must Use Central Bank Money as Settlement Anchor

European Central Bank Executive Board member Cipollone pointed out that stablecoins and tokenized deposits need to be anchored on tokenized central bank money for settlement to achieve scalability in tokenized financial markets. The DLT settlement project Pontes, expected to launch in 2026, and the Appia plan before 2028 will advance the construction of Europe's tokenized finance ecosystem. He warned of the risks of lacking a unified legal framework.

US CFTC Chairperson Announces Establishment of "Innovation Task Force" to Define Regulatory Guidelines for Crypto Assets, AI, and Prediction Markets

U.S. CFTC Chair Michael S. Selig announced the establishment of an "Innovation Task Force" that will work with the Innovation Advisory Committee to develop regulatory frameworks for crypto assets, AI automated systems, and prediction markets to promote fintech innovation and ensure U.S. market participants are not excluded. The task force will coordinate with the SEC's crypto task force to address overlapping regulatory issues.

CPC Central Committee and State Council "Regulations on Clean Conduct for Leaders of State-owned Enterprises": Prohibited from accepting or soliciting virtual currencies and other property.

Golden Finance reports that the General Office of the CPC Central Committee and the General Office of the State Council have issued the "Regulations on the Integrity and Clean Conduct of Leaders of State-Owned Enterprises," which stipulate that leaders of state-owned enterprises are prohibited from using their authority or influence for personal gain, and are not allowed to accept or solicit gifts, cash gifts, securities, virtual currencies, or other property from affiliated enterprises of their own company, enterprises with business relations to their company and its invested enterprises, as well as from management and service recipients, nor to agree to accept such items after resignation or retirement.

Tether Says It Will Be Audited By Big Four Accounting Firm—But Won't Say Which One

Tether plans to undergo its first full audit by a Big Four accounting firm to verify its $192 billion in reserves backing USDT. This move aims to ensure compliance with U.S. regulations under the GENIUS Act, although the specific auditing firm has not been disclosed.

Taiwan VASP Association Renamed to "Virtual Asset Service Providers Industry Association," Establishes Three Major Committees to Strengthen "Listing Review and Anti-Fraud"

Taiwan's virtual asset regulation has reached a new milestone, with the Virtual Currency Association rebranding as the Virtual Asset Service Industry Association and establishing three specialized committees to strengthen compliance and governance. The association urges the government to set reasonable transition periods and compliance guidance in the legislative process of the "Virtual Asset Service Law" to promote industry development and international alignment.