CryptoTale News

Laporan Chainalysis mengklaim bahwa orang Iran sedang menarik Bitcoin dari bursa dan menyimpannya di dompet pribadi mereka.

Untuk melawan krisis mata uang, Pemerintah Pusat Iran telah membeli lebih dari $500 juta dalam aset digital yang didukung dolar.

Di tengah ketegangan geopolitik, ekosistem crypto Iran telah tumbuh menjadi hampir $7,78 miliar pada tahun 2025.

Menurut laporan oleh perusahaan analitik blockchain Elliptic, Bank Sentral Iran telah membeli lebih dari $500 juta dalam aset digital yang didukung dolar dalam tahun lalu untuk mengurangi krisis mata uang dan menghindari sanksi AS. Iran juga telah mulai menawarkan pembayaran cryptocurrency untuk kontrak senjata luar negeri, menandakan pergeseran dalam cara negara-negara yang dikenakan sanksi melakukan perdagangan.

Token PI diperdagangkan di dekat $0.18 saat tekanan pasar yang lebih luas mendorong kerugian yang lebih tajam

Pembukaan token yang besar dan likuiditas yang lemah membuat token PI terjebak dalam pengaturan yang rapuh

RSI menunjukkan level oversold yang dalam, namun penjual masih mendominasi di dekat batas kunci

Token PI tergelincir lagi, bertahan di dekat $0.1837 pada saat pers setelah penurunan ringan lainnya selama sehari terakhir. Langkah ini memperpanjang rentang menyakitkan bagi token, yang kini turun sebesar 11% dalam seminggu dan sekitar 90% dari level tahun lalu. Penurunan ini mencerminkan suasana tidak nyaman di pasar yang lebih luas, di mana selera risiko telah menyusut, dan altcoin yang lebih kecil kesulitan menemukan pembeli.

Ledger menargetkan valuasi $4B seiring meningkatnya permintaan untuk dompet penyimpanan mandiri yang aman.

Meningkatnya peretasan dan penipuan kripto mendorong permintaan yang lebih kuat untuk keamanan perangkat keras offline.

Goldman, Jefferies, dan Barclays mendukung rencana Ledger untuk masuk ke pasar publik AS.

Ledger sedang mempersiapkan penawaran umum perdana (IPO) di AS yang dapat menilai perusahaan lebih dari $4 miliar, menurut orang-orang yang akrab dengan masalah tersebut.

Pembuat dompet perangkat keras kripto Prancis telah melibatkan Goldman Sachs, Jefferies, dan Barclays untuk memberikan saran tentang pencatatan di AS. Orang-orang tersebut mengatakan bahwa peluncuran di New York dapat terjadi secepatnya pada tahun 2026.

Imbal hasil obligasi Jepang melonjak dan mengubah sinyal risiko sementara emas naik selama stres pasar.

Bitcoin tertinggal dari emas saat investor menunggu tindakan likuiditas yang jelas dari Bank of Japan.

Dukungan obligasi BOJ melemahkan yen dan memperkuat permintaan emas di seluruh pasar.

Harga emas naik sementara Bitcoin tertinggal pada awal 2026 saat pasar obligasi Jepang muncul sebagai penggerak utama sentimen risiko global. Kenaikan imbal hasil mengubah aliran modal dan posisi investor di seluruh aset. Pemerintah Jepang meningkatkan tingkat kewaspadaan karena pergerakan pasar obligasi menyebabkan kesulitan finansial bagi investor. Pejabat mengonfirmasi bahwa kondisi pasar membaik setelah penjualan besar-besaran baru-baru ini, tetapi mereka mengakui bahwa suku bunga, mata uang, dan aset berisiko terus mengalami volatilitas.

DOGE tetap mengalami penurunan tajam meskipun peluncuran ETF Nasdaq menarik permintaan awal yang lemah

Likuidasi panjang meningkat saat minat terbuka menurun, menandakan keyakinan yang memudar di pasar

Analis menyoroti struktur wedge dan saluran, menunjukkan potensi breakout jangka panjang

Penurunan Dogecoin telah berlangsung selama satu minggu lagi, dan nada di seluruh pasar tetap berat. Token tersebut telah melambat sejak awal September, jarang menemukan cukup kekuatan untuk stabil, apalagi membalikkan arah.

Pada pertengahan pagi, DOGE berada di dekat $0.1244. Pergerakan ini mengurangi satu poin persentase lagi dari hari itu dan mendorong kerugian mingguan menjadi sekitar 11%. Selain itu, kinerja tahun-ke-tahun menunjukkan cerita yang lebih dalam: penurunan 64,67% yang menggarisbawahi betapa gigihnya tren ini.

FIU memerintahkan bursa India untuk berhenti menangani token cryptocurrency yang meningkatkan anonimitas.

Koin privasi seperti Monero, Zcash, dan Dash sekarang dibatasi di bawah pedoman.

Arahkan memperkuat aturan AML, pemantauan dompet, dan pengawasan crypto luar negeri.

Unit Intelijen Keuangan India telah mengarahkan bursa crypto untuk berhenti menangani token digital yang fokus pada privasi, mengutip peningkatan risiko pencucian uang. Arahan ini, yang dikeluarkan bulan ini melalui pedoman kepatuhan yang diperbarui, menargetkan aset crypto yang meningkatkan anonimitas yang diperdagangkan di platform domestik. Langkah ini melibatkan bursa, perantara, dan regulator, dengan tujuan untuk membatasi transaksi yang tidak dapat dilacak dengan membatasi cara aset tersebut masuk dan keluar dari sistem.

Jaksa menemukan Bitcoin yang disita hilang setelah audit tahun lalu di bawah pengawasan.

Peneliti mengaitkan kehilangan tersebut dengan phishing yang terkait dengan kontrol akses dompet yang terpapar.

Kasus ini muncul saat pengadilan mengkonfirmasi kekuasaan yang lebih luas untuk menyita aset digital di seluruh negeri.

Jaksa Korea Selatan sedang menyelidiki hilangnya Bitcoin yang disita sebagai hasil kejahatan setelah audit internal menunjukkan aset yang hilang di bawah pengawasan negara. Otoritas memperkirakan kerugian mencapai sekitar 70 miliar won, atau $48 juta. Sumber senior dari kejaksaan mengatakan kepada media lokal bahwa Bitcoin kemungkinan menghilang selama manajemen tahun lalu.

Chainlink telah mengakuisisi Atlas untuk memperluas SVR dan meningkatkan pendapatan DeFi melalui pengembalian multi-rantai.

Integrasi Atlas memperluas SVR Chainlink ke rantai baru, membantu protokol untuk mengambil kembali MEV.

Kesepakatan ini mempercepat adopsi SVR di seluruh ekosistem dan menambah pendapatan berkelanjutan untuk DeFi.

Chainlink telah mengakuisisi Atlas dari FastLane untuk memperluas solusi SVR dan meningkatkan peluang pendapatan di seluruh ekosistem keuangan terdesentralisasi. Langkah ini membawa teknologi aliran pesanan yang terbukti langsung di bawah standar Chainlink. Ini juga menandai langkah menuju pengembalian nilai yang lebih besar di berbagai blockchain.

BOJ mempertahankan suku bunga acuan sebesar 0,75% sambil meningkatkan proyeksi inflasi dan pertumbuhan.

Kelemahan yen dan meningkatnya imbal hasil obligasi meningkatkan risiko untuk posisi crypto yang terleverase.

Suara yang berbeda menunjukkan tekanan internal untuk pengetatan yang lebih cepat dan kewaspadaan pasar.

Bank sentral Jepang mempertahankan suku bunga tidak berubah pada hari Jumat, namun keputusan tersebut secara diam-diam menimbulkan risiko baru bagi Bitcoin dan pasar crypto. Bank of Japan mempertahankan suku bunga acuannya di 0,75% di Tokyo pada 23 Januari, meningkatkan proyeksi inflasi dan pertumbuhan. Meskipun harga hampir tidak berubah, suara tersebut mengungkapkan ketegangan kebijakan internal, risiko pendanaan yen, dan tekanan yang semakin besar pada posisi crypto yang terleverase.

Harga SAND naik seiring meningkatnya permintaan GameFi dan lonjakan volume di seluruh token utama.

Pembeli mempertahankan zona $0.14–$0.10 sementara rendah yang lebih tinggi membentuk struktur pemulihan awal.

Kekangan kunci dekat $0.29 membatasi potensi kenaikan karena sinyal tren yang lebih luas tetap hati-hati.

Harga SAND naik lagi hari ini, menambah hampir 11% dalam 24 jam dan memperpanjang pemulihan yang telah dibangun selama dua minggu. Gerakan ini terjadi setelah periode sebelumnya yang kuat, ketika token naik sekitar 30% minggu lalu dan masuk kembali dalam percakapan pasar setelah periode perdagangan yang sepi.

Experts warn NYSE’s tokenization plan lacks a clear blockchain design and token economics.

Centralization concerns rise as NYSE’s tokenization model appears to preserve intermediaries.

Crypto industry leaders still view on-chain tokenized stocks as a major market milestone.

The NYSE tokenization plan has sparked debate over whether the New York Stock Exchange is poised to deliver a genuine blockchain platform or merely a broad vision. The proposal targets tokenized stocks and tokenized exchange-traded funds (ETFs) with modern market features.

Columbia Business School professor Omid Malekan criticized the plan as “vaporware,” arguing it lacks the details needed to judge feasibility. His remarks amplified wider skepticism about how traditional finance will execute real-world asset tokenization.

NYSE tokenization plan faces “vaporware” criticism on specifics

Malekan said the NYSE described outcomes without explaining implementation. He argued that the proposal does not read like a technical roadmap. He highlighted missing information about blockchain selection. Malekan said the NYSE did not state which blockchain network the platform would use.

He also said the exchange did not clarify whether it prefers a permissioned blockchain or a permissionless blockchain. In addition, he said the NYSE did not describe any hybrid architecture. Token economics drew similar criticism. Malekan said the announcement did not explain fee mechanisms, incentives, or token design choices.

Those gaps matter, he argued, because tokenized securities require clear operating rules. Consequently, he framed the announcement as conceptual messaging rather than execution planning.

Malekan also questioned what “multi-chain support” means in practice. He said the plan did not explain how the platform would operate across chains.

Related: NYSE Moves Toward On-Chain Trading With Tokenized Securities

ICE targets 24/7 trading and instant settlement for ETFs

The NYSE and its parent, Intercontinental Exchange (ICE), have outlined goals for a blockchain platform tied to real-world asset tokenization. The headline aims include 24/7 trading for stocks and ETFs. The proposal also targets instant settlement. In addition, it mentions multi-chain support and custody services, but it leaves core design decisions unspecified.

Malekan challenged the idea that continuous trading requires blockchain. He argued that exchanges already run powerful databases and could extend trading hours using conventional systems.

He raised similar doubts about instant settlement. Malekan suggested that settlement speed depends on market structure and business relationships, not only on software.

In addition, the critique points to a broader tension. Exchanges can modernize operations without adopting blockchain while tokenization claims a different value proposition. Still, ICE and the NYSE have positioned tokenized markets as a forward step. The plan’s stated features signal interest in new token listings and always-on access.

Centralization concerns shape tokenized stocks debate today

Malekan argued that the NYSE operates within a centralized market structure. He described the exchange model as highly centralized and oligopolistic. He said cryptographic technology does not change that structure by itself. However, he suggested that meaningful decentralization would require a shift away from existing frameworks.

That argument centers on access and intermediation. Malekan implied that tokenization may preserve current gatekeeping, rather than open markets broadly. Supporters in the crypto industry view the announcement as a positive signal. Carlos Domingo, chief executive officer of Securitize, said, “On-chain trading of natively tokenized stocks is a major positive development.”

Meanwhile, Alexander Spiegelman, head of research at Aptos Labs, described the timing as “timely” for traditional markets to adopt blockchain technology. Their comments reflect optimism that institutional momentum can accelerate the adoption of blockchain.

The discussion also touches decentralized finance (DeFi), which refers to blockchain-based financial activity that can reduce reliance on traditional intermediaries. Malekan argued that public access and bearer-like assets define permissionless systems more than simple cryptography.

Furthermore, the disagreement highlights the gap between vision and delivery in tokenization. Skeptics want architecture, token standards, and token economics before treating the plan as credible.

The post NYSE Tokenization Strategy Sparks Debate Over Missing Details appeared first on Cryptotale.

The post NYSE Tokenization Strategy Sparks Debate Over Missing Details appeared first on Cryptotale.

SEC and CFTC to hold joint public crypto oversight event on Jan 27, signaling alignment.

The leaders aim to reduce jurisdictional confusion through regulatory harmonization talks.

Event highlights coordination as Congress delays crypto market structure legislation.

U.S. crypto regulation could take a forward step starting January 27, when the SEC and CFTC will hold a joint public event. The session, scheduled from 10 a.m. to 11 a.m. Eastern at CFTC headquarters, brings SEC Chairman Paul S. Atkins and CFTC Chairman Michael Selig together. The agencies say the discussion aims to address regulatory harmonization and reduce long-standing jurisdictional confusion in crypto oversight.

A Public Display of Regulatory Alignment

The Securities and Exchange Commission and the Commodity Futures Trading Commission confirmed the joint event would be open to the public and livestreamed. According to the SEC, the session focuses on harmonization and U.S. financial leadership in the crypto era. Importantly, the choice of a public forum signals institutional coordination rather than private enforcement discussions.

Paul Atkins said he looks forward to joining Michael Selig to discuss alignment between both agencies. He added that the discussion supports President Donald Trump’s promise to make the United States the crypto capital. Notably, both agencies tied their cooperation directly to that broader federal agenda.

The event takes place at CFTC headquarters, indicating shared ownership of crypto oversight. However, the format remains structured and limited to introductory remarks and a panel discussion. That structure highlights policy design rather than enforcement actions or investigations.

Leadership Ties Reinforce a Shared Direction

Personal history between Atkins and Selig adds context to the coordination. Atkins previously served as Selig’s boss at the SEC before Selig moved to the CFTC. Notably, Selig worked on crypto policy at the SEC before becoming the CFTC’s permanent chairman last month.

Selig replaced interim chair Caroline Pham, who previously participated in similar coordination efforts. In September, Atkins and Pham jointly declared an end to agency turf wars. They also hosted a roundtable on decentralized finance and prediction markets.

Since taking office, Selig has announced a new “future-proof” crypto initiative at the CFTC. That initiative aligns with the agencies’ stated goal of reducing unclear jurisdictional boundaries. According to both chairs, legacy silos have forced market participants to navigate misaligned regulatory designs.

In a joint statement, Atkins and Selig said the event builds on broader harmonization efforts. They emphasized innovation under American law and in the service of U.S. investors and consumers. Notably, the language focused on system design rather than enforcement penalties.

Related: SEC and CFTC Roundtable Seeks Clear Crypto Oversight Rules

Policy Coordination Amid Congressional Delays

While agencies coordinate, Congress continues work on crypto market structure legislation. The Senate Banking and Agriculture Committees are advancing separate bills defining agency oversight roles. However, delays have slowed progress due to ongoing bipartisan negotiations.

Earlier this month, a Senate Banking draft triggered industry concern. That version added restrictions on stablecoin yields and decentralized finance. As a result, Coinbase withdrew support, and the committee delayed its markup.

Meanwhile, Senate Agriculture Republicans released their draft ahead of a scheduled markup next week. That version lacked Democratic support, according to committee disclosures. Both committees must still reconcile differences before a final Senate vote.

Meanwhile, the SEC–CFTC event indicates administrative coordination while lawmakers debate statutory authority. The agencies acknowledged Congress’s role but emphasized near-term policy alignment. The event occurs as staff at both agencies continue drafting oversight frameworks.

The session will open with remarks from each chairman, followed by a joint panel discussion. According to agency statements, the discussion centers on harmonization and U.S. financial leadership. The timing places regulatory coordination alongside legislative uncertainty.

The joint SEC-CFTC event brings agency leadership, shared history, and public transparency into one forum. It indicates ongoing coordination efforts tied to President Trump’s crypto agenda and current congressional debates. The statements, setting, and timing consolidate a clear picture of agencies presenting a unified regulatory approach.

The post SEC-CFTC Unity Points to an End of U.S. Crypto Rule Splits appeared first on Cryptotale.

The post SEC-CFTC Unity Points to an End of U.S. Crypto Rule Splits appeared first on Cryptotale.

YZi Labs memasuki listing publik BitGo untuk mendukung pertumbuhan kustodi kripto yang diatur.

BitGo melayani lebih dari 5.100 institusi dengan kustodi yang aman, staking, dan alat stablecoin.

Debut NYSE menunjukkan permintaan yang meningkat untuk platform kripto yang sesuai di seluruh keuangan global.

YZi Labs, sebelumnya Binance Labs dan sekarang merupakan cabang investasi senilai $10 miliar yang terhubung dengan Changpeng Zhao, telah bergabung dalam Penawaran Umum Perdana BitGo di Bursa Efek New York dengan kode BTGO. Perusahaan tersebut memasuki listing sebagai investor institusional besar, menunjukkan dukungan untuk infrastruktur kripto yang diatur dan layanan aset digital yang sesuai.

World Liberty Financial bermitra dengan Spacecoin untuk memperluas pembayaran USD1 melalui internet luar angkasa.

Kapitalisasi pasar USD1 mencapai $3,3B saat stablecoin berkembang melampaui penggunaan penyelesaian on-chain.

Kesepakatan ini menghubungkan DeFi dengan jaringan satelit untuk menjangkau pengguna tanpa akses perbankan yang andal.

World Liberty Financial memperluas penggunaan stablecoin USD1 ke dalam pembayaran internet berbasis satelit melalui kemitraan dengan Spacecoin. Langkah ini diambil saat USD1 melampaui $3,2 miliar dalam nilai pasar dan mencari adopsi dunia nyata yang lebih luas.

Circle CEO says stablecoins can handle billions of AI-driven payments at scale.

US lawmakers debate yield limits as banks warn of deposit migration risks.

Money market fund growth shapes stablecoin yield comparisons in policy talks.

Circle CEO Jeremy Allaire said stablecoins remain critical digital infrastructure as U.S. lawmakers debate tighter yield rules. He said stablecoins can support billions of transactions for artificial intelligence agents while coexisting with traditional banking structures. His remarks surfaced during regulatory debates over stablecoin yields and broader concerns about deposit migration from banks.

Allaire spoke during digital asset infrastructure panels as Congress reviewed draft language under the CLARITY Act. The proposal triggered backlash in January 2026 after lawmakers moved to restrict passive yield on stablecoin holdings. The debate followed earlier legislation that reshaped stablecoin oversight in the United States.

"STABLECOIN FEARS ARE TOTALLY ABSURD”

Jeremy Allaire pushes back on claims that stablecoin rewards would drain bank deposits and destabilize credit markets, calling the argument “totally absurd.” pic.twitter.com/9WJ791lnfG

— Coin Bureau (@coinbureau) January 22, 2026

Stablecoins and Artificial Intelligence Transactions

Allaire stated that stablecoins remain the only system capable of handling transaction volumes required by AI agents. He said future AI systems may execute billions of automated payments that demand constant liquidity and instant settlement. According to Allaire, existing payment rails cannot match that scale without friction.

Industry executives echoed similar projections during public forums on digital finance.
Galaxy Digital CEO Michael Novogratz said in September 2025 that AI agents may soon dominate stablecoin usage. He cited automated purchasing and machine-driven commerce as likely demand drivers.

Former Binance CEO Changpeng Zhao made related claims at Davos. He said crypto payments could enable AI-led commerce across global markets. Yet public examples remain limited to experimental deployments rather than live systems.

Yield Debate and Banking Sector Warnings

Allaire compared stablecoin yields to money market funds during public discussions.
He said government money market funds expanded for decades without triggering systemic bank disruptions. He did not provide timelines or quantified impacts in available remarks.

Banking groups warned lawmakers about deposit erosion risks. The Kansas City Federal Reserve estimated that yield-bearing stablecoins could remove $1.5 trillion in lending capacity. Representatives said deposit migration could weaken traditional credit intermediation.

U.S. money market funds now hold about $7.7 trillion in assets, according to the Investment Company Institute. Balances rose by $868 billion over the past year despite Federal Reserve rate cuts. Critics note that money funds operate under different regulatory and insurance frameworks than stablecoins.

Legislative Framework and Regulatory Friction

The GENIUS Act, whichwas passed in 2025, made it illegal for issuers to pay interest directly to their bondholders. Crypto platforms argued the law still permitted third-party yield programs to operate. 

The interpretation of that law created the framework for subsequent policy conflicts. Draft CLARITY Act language sought to close that gap. The proposal would ban passive yield for holding stablecoins while allowing rewards tied to transaction activity. Lawmakers postponed progress because industry objections became known. 

Related: Hong Kong Prepares Stablecoin Licenses for Digital Finance

Circle’s comments place stablecoins at the center of two debates: artificial intelligence payments and U.S. financial regulation. Lawmakers weigh yield limits as banks warn of deposit risks, while industry leaders frame stablecoins as neutral infrastructure. With AI transaction volumes rising and legislative language unsettled, regulatory choices may shape how digital dollars integrate with banking and automated commerce going forward globally.

The question of whether lawmakers can create financial stability regulations without restricting stablecoin usage, which supports emerging AI-based transactions, remains vital as Congress evaluates the proposed changes.

The post Circle CEO Says Stablecoins Can Power AI Payments Globally appeared first on Cryptotale.

The post Circle CEO Says Stablecoins Can Power AI Payments Globally appeared first on Cryptotale.

61% investor kripto India menginginkan pajak yang mirip dengan pajak saham atau reksa dana pada aset digital.

Hampir 90% memahami aturan pajak 30% dan 1% TDS, namun 66% masih menyebutkan bahwa rezim tersebut tidak adil.

59% mengurangi aktivitas kripto mereka karena pajak, sementara 80% mengatakan bahwa aturan yang jelas sangat penting.

Sebuah survei CoinSwitch yang dirilis menjelang Anggaran Persatuan India pada 1 Februari menunjukkan seruan untuk reformasi pajak kripto. Survei tersebut menemukan bahwa 61% investor kripto India ingin pajak kripto dikenakan seperti saham atau reksa dana.

17% lainnya mendukung kerangka pajak terpisah untuk kripto, sementara 22% memilih preferensi lain. Selain itu, jajak pendapat nasional menunjukkan kesadaran terhadap aturan Aset Digital Virtual (VDA), di samping ketidakpuasan terhadap pendekatan saat ini.

Vietnam to licence exchanges from January 20, 2026, under a government pilot framework.

New finance rules define licensing adjustment and revocation for crypto market operators.

Banks and securities firms prepare exchanges while meeting high capital and staffing rules.

Vietnam will begin formally licensing cryptocurrency trading market operators from January 20, 2026, marking a key step in its pilot framework for a regulated digital asset market. The Vietnam State Securities Commission confirmed the timeline after the Ministry of Finance issued new administrative procedures governing crypto exchange licensing.

The move follows Government Resolution No. 05/2025/NQ-CP, which approved a controlled pilot for cryptocurrency trading services in Vietnam. According to the SSC, applications will be accepted under Decision No. 96/QD-BTC, dated January 20, 2026, which defines the scope, process, and oversight responsibilities for the sector. Detailed guidance appears in an appendix attached to the decision and published on the SSC’s official portal at www.ssc.gov.vn.

New Licensing Framework Takes Effect

Decision No. 96/QD-BTC introduces three administrative procedures under the Ministry of Finance’s authority. These cover licensing, license adjustments, and license revocation for organizations operating cryptocurrency trading markets.

JUST IN: State Securities Commission of Vietnam begins licensing crypto-asset trading markets from Jan 20, 2026. pic.twitter.com/IEB9HWa1q7

— Whale Insider (@WhaleInsider) January 21, 2026

The SSC stated that applicants must follow the standardized process outlined in the new appendix. The appendix lists required documents, application steps, and compliance obligations for each procedure. The framework supports the government’s pilot approach rather than a full market rollout.

Financial Institutions Prepare for Market Entry

Industry data cited by Vietnam VN shows that about 10 securities firms and banks have announced plans to enter the crypto exchange market. These institutions expect to launch operations after securing regulatory approval. Within the securities sector, SSI Securities formed SSI Digital Technology Joint Stock Company in 2022. The unit, known as SSID, has expanded its digital asset initiatives in recent years.

SSID and SSI Fund Management Company signed cooperation agreements with Tether, U2U Network, and Amazon Web Services. The partnerships aim to develop a blockchain-based digital finance ecosystem using cloud infrastructure.

Meanwhile, VIX Securities contributed capital to establish the VIX Cryptocurrency Exchange, known as VIXEX. The firm also signed a cooperation agreement with FPT to prepare its technology systems.

Banks Align With Pilot Market Rules

Several banks have also announced readiness to participate once licenses are issued. Military Commercial Joint Stock Bank, known as MB, has partnered with Dunamu, the operator of Upbit.

The collaboration focuses on building a Vietnam-based cryptocurrency exchange. It also covers legal frameworks, operational processes, and investor protection measures. Techcombank has established the Techcom Cryptocurrency Exchange, or TCEX, with charter capital reaching hundreds of billions of dong. Its TCBS trading platform already displays a dedicated cryptocurrency section tracking major digital assets.

VPBank has also confirmed it has prepared internal resources and systems. The bank said it will begin operations immediately after receiving regulatory approval. With capital thresholds set at 10,000 billion VND and strict ownership and staffing rules, how many firms will ultimately qualify for Vietnam’s tightly controlled crypto market pilot?

Related: Five Firms to Join Vietnam’s Regulated Crypto Exchange Plan

Licensing Conditions Under the Pilot Program

Resolution No. 05/2025/NQ-CP sets detailed entry requirements for service providers.
Applicants must operate as Vietnamese enterprises under the Enterprise Law. Charter capital must be fully contributed in Vietnamese dong. At least 65% of that capital must come from organizations. More than 35% must be contributed by at least two eligible institutions. These include banks, securities firms, fund managers, insurers, or technology companies.

Each entity or individual may invest in only one licensed provider. Applicants must also maintain registered offices with adequate facilities and secure technology systems.

Senior management must meet experience standards. The General Director requires at least two years in finance or related fields, while the Chief Technology Officer needs five years in information technology.

Organizations must employ at least 10 cybersecurity-certified technology staff. They must also maintain at least 10 employees holding securities professional certifications across operational departments.

The post Vietnam Opens Crypto Exchange Licensing Under New Finance Rules appeared first on Cryptotale.

The post Vietnam Opens Crypto Exchange Licensing Under New Finance Rules appeared first on Cryptotale.

CZ mengatakan bahwa dia sedang dalam pembicaraan dengan selusin pemerintah tentang tokenisasi aset milik negara.

Tokenisasi dapat membantu negara mengumpulkan dana lebih awal dengan menjual bagian kecil dari aset.

BlackRock menganggap tokenisasi sebagai tema 2026 saat IBIT memimpin ETF Bitcoin spot AS.

Changpeng Zhao, salah satu pendiri Binance dan mantan CEO, mengatakan bahwa dia sedang dalam pembicaraan dengan "mungkin selusin pemerintah" tentang tokenisasi aset negara. Pernyataan tersebut disampaikan di Forum Ekonomi Dunia di Davos. Tidak ada negara atau aset yang diidentifikasi selama panel. Diskusi berfokus pada bagaimana tokenisasi dapat membantu pemerintah mengumpulkan dana dengan menjual sebagian kecil dari kepemilikan publik.

BitGo menetapkan harga IPO-nya pada $18, di atas kisaran yang dipasarkan sebesar $15–$17 untuk 11.8M sahamnya.

IPO ini mengumpulkan $212.8 juta dan menilai BitGo sekitar $2.08 miliar setelah penetapan harga akhir.

Debut NYSE BitGo datang saat debat undang-undang struktur pasar AS menambah risiko regulasi baru.

BitGo Holdings menetapkan harga penawaran umum perdana awalnya di $18 per saham, di atas kisaran yang dipasarkan sebesar $15 hingga $17. Perusahaan berencana untuk menjual 11.8 juta saham, menurut laporan Reuters. Langkah penetapan harga ini meningkatkan total dana yang dikumpulkan dan menetapkan penilaian yang lebih tinggi untuk perusahaan kustodi kripto.

Thailand’s SEC to enable cryptocurrency ETFs and futures trading under new regulations.

Cryptocurrency ETFs allow investors exposure without holding private keys or wallets.

Futures trading on TFEX provides legal clarity and hedging options for investors.

Thailand’s Securities and Exchange Commission will introduce new regulations covering crypto ETFs and crypto futures trading this year. The rules will allow crypto ETFs and enable crypto futures trading on the Thailand Futures Exchange (TFEX). 

Deputy Secretary-General Jomkwan Kongsakul said the SEC has already approved crypto ETFs in principle and is finalizing operational guidelines. The move aims to place digital asset investment under clearer legal oversight while expanding regulated market access.

SEC Sets Framework for Crypto ETFs

The Thai SEC plans to release formal guidelines for crypto exchange-traded funds early this year, according to the Bangkok Post. These rules will explain how asset managers and licensed digital asset exchanges can jointly structure ETF products. The SEC board has already approved crypto ETFs in principle.

Jomkwan Kongsakul said crypto ETFs appeal to investors concerned about wallet management and cybersecurity risks. ETFs allow exposure to digital assets without holding private keys. Consequently, investors avoid direct custody responsibilities and hacking concerns.

The SEC is finalizing investment limits, operational requirements and disclosure standards for ETF issuers. However, product approval will require close coordination between asset managers and licensed exchanges. Once completed, eligible products could list on the Stock Exchange of Thailand.

To support trading activity, the regulator is considering market maker mechanisms for crypto ETFs. These participants could include exchanges, financial institutions, and firms holding cryptocurrencies on balance sheets. As a result, the SEC expects tighter spreads and steadier pricing during trading hours.

The regulator stressed that crypto ETFs already trade in overseas markets, including the United States and Hong Kong. Thailand’s rules aim to provide similar access under domestic supervision.

Crypto Futures Trading Planned for TFEX

Alongside ETFs, the SEC is preparing to enable crypto futures trading on the Thailand Futures Exchange. The regulator wants digital assets recognized as an underlying asset class under the Derivatives Act. 

This change would provide legal clarity for crypto-linked derivatives. Under the proposal, crypto futures would trade on TFEX under the Futures Trading Act. Jomkwan said futures contracts could help investors manage risk more effectively. 

Notably, futures allow hedging strategies similar to those used in commodities and equities markets. The SEC is also reviewing liquidity safeguards for futures trading. Market maker participation remains under consideration to improve order depth and price stability. 

However, final rules will define eligibility and capital requirements. Thailand approved its first spot Bitcoin ETF in 2024 through One Asset Management, using a fund-of-funds setup aimed at institutional investors.

Now, regulators want to go beyond just Bitcoin. In October 2025, the SEC started working on wider ETF rules that could later include groups of different digital tokens. However, officials have not disclosed a final product list.

Related: Thailand Moves to Track Crypto and Gold Flows in Real Time

Oversight Expands Across Digital Asset Ecosystem

Beyond investment products, the SEC is tightening oversight across Thailand’s digital asset sector. The regulator plans clearer rules for online financial influencers. Factual market commentary may remain unlicensed, while investment recommendations will require authorization.

The SEC is also collaborating with the Bank of Thailand on a regulatory sandbox for tokenization. Officials think tokenized bonds and fund units could make investing easier for everyday people. Thailand’s first green token is expected to roll out under this setup.

At the same time, the Bank of Thailand is closely watching stablecoin use, including USDT, due to worries about cross-border transfers and grey money. This oversight comes alongside stronger enforcement by the SEC.

Overall, Thailand is building on its 2021 Digital Assets Decree, which made crypto trading and payments legal. Rather than sudden bans, the country has chosen a steady, rule-based approach. Officials say this approach supports market development while maintaining controls.

The Ministry of Finance also introduced a five-year capital gains tax exemption on crypto transactions. That policy aims to attract global digital asset activity. However, crypto payments remain restricted.

Meanwhile, Thailand’s SEC is advancing rules for crypto ETFs, futures trading, and tokenized products within existing laws. The framework involves the SEC, TFEX, asset managers, and licensed exchanges. Regulators say the approach focuses on structured access, defined oversight, and coordinated market development.

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