rounded1. Nigerian SEC requires cryptocurrency companies to set up local offices According to Cointelegraph, the Nigerian Securities and Exchange Commission (SEC) has put forward new requirements for virtual asset service providers (VASPs), requiring them to set up offices in Nigeria to be eligible for the accelerated regulatory incubation program. In addition, the CEO or managing director must reside in Nigeria. Applicants must be engaged in investment and securities business and are seeking registration or submitting virtual asset-related applications to the SEC. The requirement also stipulates that applicants must report customer complaints and emergency risks and be subject to inspections, audits and monitoring by the SEC. 2. Russian regulators encourage companies to use cryptocurrencies to cope with Western sanctions According to Reuters, the Russian Central Bank encourages companies to use cryptocurrencies and other digital assets as a method of payment with foreign partners in response to Western sanctions imposed by the conflict in Ukraine. 3. The address marked as the US government transferred 249.437 bitcoins to an unknown address. According to Arkham monitoring, the address marked as the US government transferred 249.437 bitcoins to the address starting with bc1qvc at 17:58 Hong Kong time, worth about 14.38 million US dollars. 4. The address marked as the German government transferred 1,300 bitcoins to CEX. According to Paidun monitoring, the address marked as the German government transferred 1,300 bitcoins to Coinbase, Kraken, and Bitstamp, equivalent to about 75 million US dollars. 5. South Korea is establishing a system to monitor abnormal cryptocurrency trading activities. According to Bloomberg, the Financial Supervisory Service of South Korea said in a statement on Thursday that it is establishing a system to monitor abnormal cryptocurrency trading activities. It added that it is recommended that exchanges enter data and information into the system to assist regulators in discovering suspicious transactions, aiming to strengthen investor protection. 6. The "German Government" address transferred 13,475 bitcoins to another coin storage address. According to Arkham data, 15 minutes ago, a wallet address marked as "German Government" transferred 13,475 bitcoins to another address marked as "German Government." 7. The New Zealand Inland Revenue Department issued a warning to investors in the country who have not paid cryptocurrency-related taxes. According to an official announcement from the New Zealand Inland Revenue Department, the Inland Revenue Department is closely monitoring customers who actively trade cryptocurrency assets but do not declare income in their tax returns.Trevor Jeffries, a spokesman for the tax bureau, said, "The data we have has helped us identify customers who have not paid taxes, and this data is now also being used to identify customers with significant crypto assets. The tax bureau has identified 227,000 unique crypto asset users in New Zealand, making approximately 7 million transactions worth NZ$7.8 billion (approximately US$4.7 billion)."   He also said, "If people make money from cryptocurrencies, they should consider their tax obligations on that income and the risks of not declaring all relevant taxable activities."   8. China Post Savings Bank conducts identity information governance of digital RMB wallets China Post Bank issued an announcement stating that China Post Savings Bank issued the "Announcement on Promoting the Governance of Digital RMB Customer Identity Information" (hereinafter referred to as the (Announcement)). The "Announcement" stated that the Postal Savings Bank will take measures such as reducing transaction limits and restricting financial services for wallets under the name of customers in response to incomplete personal customer identity information in digital RMB accounts. The "Announcement" stated that in accordance with the relevant policies and requirements of anti-money laundering, Postal Savings Bank will further strengthen the verification of the integrity and validity of the identity information of individual digital RMB customers. The verified customer identity information includes: name, gender, nationality, occupation, residence or work address, contact number, type, number and validity period of identity document or identity certificate.   For situations where personal customer identity information is incomplete, no photocopy of the identity document is retained, or the identity document is expired and not updated in time within 90 days, Postal Savings Bank will take measures such as reducing transaction limits and restricting financial services for the wallet under the customer's name.   At the same time, Postal Savings Bank reminds that digital RMB customers can upload photocopies of certificates and update the validity period of certificates through the digital RMB APP client and mobile banking client, or bring their valid identity documents to offline business outlets to update and complete customer identity information. After the information is complete and accurate, the wallet function can be restored. 9. Bitwise submits a revised S-1 filing for Ethereum spot ETF, which will waive asset custody fees for a limited time. According to Cointelegraph, Bitwise revised its S-1 registration statement for the Ethereum spot ETF submitted to the SEC ahead of schedule, including waiving fees for the first $500 million of trust assets within the first 6 months.The document did not include a specific launch date for listing and trading on the New York Stock Exchange Arca, but said it would be launched as soon as possible after the registration effective date.   10. The United Nations and the Dfinity Foundation launched a digital credential pilot project in Cambodia to bring transparency and inclusion to the financial system According to Cointelegraph, the United Nations Development Program (UNDP) has partnered with the Dfinity Foundation to launch a blockchain-based Universal Trusted Credential (UTC) pilot project in Cambodia. Internet Computer will provide security management infrastructure, and the Monetary Authority of Singapore and other institutions are also involved. The project aims to encourage micro, small and medium-sized enterprises to participate in the digital economy, and plans to eventually promote it in ten countries.   Dominic Williams, founder of the Dfinity Foundation, said that UTC will bring transparency and inclusion to the financial system. Previously, the Monetary Authority of Singapore and the Bank of Ghana had completed a proof of concept using UTC. Cambodia has good conditions for digital asset regulation and central bank digital currency, and has cooperated with Binance and Alipay networks. This pilot project will provide a decentralized and secure digital ecosystem for governments and enterprises. 11. The Basel Committee approved a framework for banks’ risk disclosures on crypto assets, to be implemented in 2026. The Basel Committee approved a framework for banks’ risk disclosures on crypto assets and agreed to targeted revisions to its crypto asset standards. This includes a set of standardized public forms and templates covering banks’ crypto asset risks. These disclosures are designed to improve information availability and support market discipline. The framework will be published later this month, with an implementation date of January 1, 2026.