We offer the latest news and analysis of the crypto and Web3 industries, offering thought-provoking opinion pieces as well as events that cater to the community
Tajlandzka SEC nowelizuje ustawę o instrumentach pochodnych, aby uznać aktywa kryptowalutowe
W przełomowym posunięciu dla rynków finansowych Azji Południowo-Wschodniej, rząd Tajlandii oficjalnie uznał kryptowaluty za aktywa bazowe na mocy Ustawy o Handlu Instrumentami Pochodnymi. Po zatwierdzeniu propozycji Ministerstwa Finansów w dniu 10 lutego 2026 roku, aktywa cyfrowe takie jak Bitcoin i Ethereum są teraz klasyfikowane jako „dopuszczalne towary i zmienne.” Ta zmiana prawna umożliwia tworzenie i handel regulowanymi kontraktami terminowymi i opcjami, skutecznie przekształcając kryptowaluty z spekulacyjnego produktu samodzielnego w podstawowy filar regulowanych rynków kapitałowych Tajlandii.
Coinbase Debuts ‘Agentic Wallets’: a Financial Leap for Autonomous AI Agents
Coinbase has officially launched Agentic Wallets, a first-of-its-kind infrastructure specifically engineered for autonomous AI agents. Announced by the Coinbase Developer Platform on February 11, 2026, this new tool allows AI bots to move beyond their traditional roles as digital assistants and emerge as independent economic actors. By providing agents with the ability to hold funds, execute trades, and manage on-chain transactions autonomously, Coinbase is addressing a significant technical hurdle: the “financial wall” that currently prevents AI from completing tasks that require capital.
The development of Agentic Wallets is a strategic expansion of Coinbase’s existing technology, building upon the previously released AgentKit framework. While AgentKit allowed developers to embed wallets during the creation of an agent, Agentic Wallets provides a more “plug-and-play” solution designed for seamless integration. The system relies on the x402 protocol – a machine-to-machine payment standard co-developed with internet stakeholders – which has already processed over 50 million transactions. This protocol enables AI agents to bypass traditional human-centric payment systems, facilitating direct, programmatic access to digital resources like API keys, compute power, and premium data streams.
Security remains a primary focus of the new infrastructure, as autonomous financial software introduces unique risks such as prompt injection and unauthorized spending. To mitigate these threats, Coinbase has integrated “Smart Security Guardrails” that allow users to program specific constraints, including spending limits, session caps, and transaction controls. Furthermore, the system utilizes “enclave isolation,” a security architecture that keeps private keys within Coinbase’s secure infrastructure. This ensures that the agent’s underlying large language model (LLM) never has direct exposure to the keys, effectively preventing the AI from accidentally or maliciously compromising the wallet’s security.
The operational scope of Agentic Wallets is broad, with initial support for Ethereum Virtual Machine (EVM) compatible chains and Solana. A key highlight for developers is the ability to perform gasless transactions on Base, the Coinbase-incubated Layer 2 network, which prevents agents from becoming “stuck” due to a lack of network fees. This capability allows for continuous, 24/7 operations, such as an agent automatically rebalancing a DeFi portfolio at 3:00 AM to capitalize on yield opportunities. By providing a native financial layer for code, Coinbase is laying the groundwork for a burgeoning “machine economy” where AI systems operate independently within trusted boundaries.
Rynki kryptowalutowe spadają, gdy 'Efekt Warsha' wstrząsa traderami
Analitycy rynkowi wskazują bezpośrednio na nominację Kevina Warsha na następnego przewodniczącego Rezerwy Federalnej jako główny czynnik spadku. Według Andri Fauzana Adziimy, lidera badań w Bitrue, ruch w dół następuje po jastrzębim zwrocie w oczekiwaniach Fed, co sygnalizuje zaostrzenie płynności i mniejsze cięcia stóp procentowych w przyszłości. Traderzy teraz uważnie obserwują stabilizację cen w okolicach poziomów wsparcia od 60 000 do 65 000 dolarów, zauważając, że odnowiony impuls w makro luzowaniu prawdopodobnie będzie wymagany, aby wywołać znaczący wzrost, donosi The Block.
Binance Dominates USD1 Supply Amid Concerns Over Governance and Political Influence
Recent blockchain data has sparked intense debate across the digital asset industry as it reveals that Binance now controls the vast majority of the circulating supply of USD1, a stablecoin closely associated with World Liberty Financial (WLFI). According to a report from Forbes on Monday, the world’s largest cryptocurrency exchange holds approximately $4.7 billion in USD1, representing nearly 87% of the token’s $5.4 billion total supply. This level of concentration is considered an anomaly in the stablecoin market, where leading assets like USDT and USDC are typically distributed across a wide network of independent wallets and global exchanges.
The rapid consolidation of USD1 on Binance appears to be the result of a series of strategic integrations and high-value corporate deals occurring over the past year. In early 2025, the Abu Dhabi-backed fund MGX utilized $2 billion worth of USD1 to acquire a minority stake in Binance, immediately placing a significant portion of the stablecoin’s reserves under the exchange’s custody. More recently, in December 2025, Binance further integrated the asset by converting the remaining collateral from its defunct BUSD stablecoin into USD1. Aggressive promotional campaigns have also played a role; in late January, Binance launched a $40 million reward program, distributing WLFI governance tokens to users who hold USD1 on the platform, which significantly boosted on-chain activity.
The ties between the stablecoin and the current U.S. administration have added a layer of political scrutiny to these financial developments. USD1 is issued by World Liberty Financial, a venture founded by the Trump family, with an affiliated LLC owning a 38% stake in the company. Financial disclosures indicate the project has already contributed roughly $1 billion to President Donald Trump’s net worth. The relationship between the exchange and the project has faced additional questioning following President Trump’s October 2025 pardon of Binance founder Changpeng Zhao. While both Binance and World Liberty Financial maintain that their partnerships follow standard industry practices, the SEC recently dropped a long-standing lawsuit against the exchange shortly after it listed USD1.
Market analysts and security researchers warn that such extreme concentration creates significant systemic and governance risks. If a single entity controls nearly 90% of an asset, any technical failure, legal dispute, or financial stress at that exchange could effectively freeze the entire USD1 ecosystem. Furthermore, transparency remains a primary concern, as it is currently unclear what portion of the $4.7 billion held by Binance belongs to the exchange itself versus its individual customers. As USD1 continues to expand into decentralized lending and prediction markets, the industry remains focused on whether this centralized influence will hinder the stablecoin’s long-term stability and regulatory standing.
Backpack osiąga status jednorożca z nowym modelem tokenów przeciwko detalicznemu dumpingowi
Backpack, giełda kryptowalut założona przez byłych pracowników FTX i Alameda Research, oficjalnie osiągnęła status jednorożca, donosi Axios w poniedziałek. Firma rzekomo prowadzi rozmowy w celu zabezpieczenia 50 milionów dolarów nowego finansowania, co umieściłoby jej wycenę przed pieniędzmi na poziomie 1 miliarda dolarów. Ten wzrost wyceny podkreśla znaczną odbudowę i trajektorię wzrostu zespołu, który przeszedł z projektu portfela opartego na Solanie do kompleksowej globalnej platformy handlowej.
Ogłoszenie tej rundy finansowania zbiegło się z wprowadzeniem innowacyjnego schematu tokenizacji Backpack, który ma na celu redefinicję sposobu, w jaki tokeny wymiany są dystrybuowane i zarządzane. Zgodnie z tym planem, 37,5% całkowitej podaży 1 miliarda tokenów jest zarezerwowane dla skarbu firmy „po IPO”. Współzałożyciel Armani Ferrante wyjaśnił, że ta struktura jest specjalnie zaprojektowana, aby zapobiec powszechnej praktyce „dumpingu” tokenów na inwestorów detalicznych. Łącząc finansowe nagrody zespołu z ewentualnym publicznym notowaniem lub wyjściem kapitałowym, firma zamierza zapewnić długoterminowe dopasowanie między deweloperami a społecznością.
Binance Wzmacnia Fundusz SAFU Dzięki Zakupowi Bitcoina za 250 mln dolarów
Binance przyspieszyła swoją strategiczną zmianę w kierunku Bitcoina, kupując dodatkowe 3,600 BTC dla swojego Funduszu Zabezpieczeń Aktywów dla Użytkowników (SAFU). Ta akwizycja, zrealizowana przy użyciu około 250 milionów dolarów w stablecoinach, podnosi całkowite posiadanie Bitcoin w funduszu awaryjnym do 6,230 BTC. Ten ruch jest kluczową częścią agresywnego planu ogłoszonego 29 stycznia, aby przekształcić rezerwę ochrony użytkowników giełdy w wysokości 1 miliarda dolarów z tokenów powiązanych z dolarem na Bitcoin w ciągu 30 dni.
Giełda przedstawiła tę transformację jako deklarację długoterminowego przekonania, opisując Bitcoin jako podstawowy zasób ekosystemu kryptowalut. Przenosząc rezerwy SAFU do Bitcoin, Binance ma na celu zapewnienie, że zabezpieczenie pozostaje przejrzyste, audytowalne i odporne na inflację. Aby utrzymać skuteczność funduszu, Binance zobowiązała się utrzymać wartość rezerwy na poziomie 1 miliarda dolarów, obiecując jej uzupełnienie, jeśli zmienność rynku kiedykolwiek obniży całkową wycenę poniżej 800 milionów dolarów.
Portfele związane z Bhutanem przenoszą 22 miliony dolarów w BTC amid zmienności rynku
Rząd Królestwa Bhutanu, działający poprzez swoją suwerenną instytucję inwestycyjną, Druk Holding & Investments (DHI), zmobilizował ponad 284 Bitcoin – wycenianych na około 22,3 miliona dolarów – w ciągu ostatniego tygodnia,
Według analiz na łańcuchu od Arkham Intelligence, ruch obejmował znaczący transfer 184 BTC o wartości 14,1 miliona dolarów w środę, po wcześniejszej transakcji 100 BTC o wartości 8,3 miliona dolarów w zeszły piątek. Te środki zostały skierowane do zarejestrowanego w Singapurze market makera QCP Capital, miejsca zazwyczaj kojarzonego z zarządzaniem płynnością instytucjonalną i repositioningiem aktywów.
Tether Bolsters U.S. Regulatory Push With $100 Million Stake in Anchorage Digital
Tether, the world’s largest stablecoin issuer, announced a $100 million strategic equity investment in Anchorage Digital on Thursday, signaling a deepened commitment to regulated U.S. digital asset infrastructure. The investment values Anchorage Digital—the first federally chartered digital asset bank in the United States – at $4.2 billion. The move comes as Tether pivots toward a more compliant posture in the wake of the GENIUS Act, the landmark stablecoin legislation signed into law last summer.
While the investment is primarily financial, both firms framed the deal as a “strategic alignment” aimed at scaling digital assets within established legal frameworks. Tether has recently focused on transparency and institutional oversight, a shift underscored by its partnership with Anchorage to issue USA₮, a “Made in America” stablecoin designed specifically for the new federal regulatory regime.
“Tether exists to challenge the status quo and build global infrastructure for freedom,” said Paolo Ardoino, CEO of Tether. He noted that the investment reflects a shared belief in secure, resilient financial systems.
Nathan McCauley, co-founder and CEO of Anchorage Digital, stated that the capital infusion validates years of effort in building regulated rails. “This adds momentum as we continue developing services for stablecoin issuance and broader market adoption,” McCauley said.
In a notable departure from typical high-growth funding rounds, Anchorage Digital confirmed it is using this moment to launch its first-ever employee tender offer. This allows long-tenured staff to sell a portion of their equity at the new $4.2 billion valuation.
The company stated it “prioritized employee liquidity over raising additional primary capital,” suggesting a strong balance sheet and a desire to reward the team that navigated the firm through several years of market volatility.
Grupa CME obecnie bada rozwój własnego tokena cyfrowego w ramach strategicznej zmiany mającej na celu modernizację swojej infrastruktury cyfrowej. Dyrektor Naczelny Terry Duffy ujawnił inicjatywę podczas telekonferencji dotyczącej wyników finansowych firmy za czwarty kwartał 4 lutego, wyjaśniając, że giełda ocenia nowe sposoby zarządzania zabezpieczeniami i marżą dla instrumentów pochodnych kryptowalut. Projekt, często określany jako 'CME Coin', ma na celu ułatwienie bardziej efektywnego handlu na rynku, który działa 24/7, w przeciwieństwie do tradycyjnych godzin bankowych, które często ograniczają szybkość rozliczeń.
Binance Dominates January 2026 Exchange Reserve Rankings With $155 Billion Stronghold
Binance has secured the top spot in the January 2026 Major Crypto Exchange Reserves Ranking Report, maintaining a commanding lead over the global digital asset market. According to the latest data from CoinMarketCap, Binance’s total reserves have reached approximately $155.64 billion. This figure significantly surpasses all other major trading platforms, reinforcing Binance’s role as the market’s clear Tier 1 leader. The report highlights Binance’s dominant scale in proof-of-reserve holdings, which reflects the exchange’s position as the largest liquidity venue in the global crypto market. CoinMarketCap notes that Binance’s reserves dwarf the combined totals of many competitors, serving as a primary indicator of platform scale and market dominance.
Behind the market leader, the report outlines a sharply tiered market structure where other exchanges follow at a considerable distance. OKX ranked second in the January report with total reserves of roughly $31.29 billion, while Bybit placed third with around $14.17 billion. Other exchanges included in the ranking were Gate with $7.86 billion, HTX with $6.92 billion, Bitget with $5.33 billion, MEXC with $2.97 billion, and KuCoin with $2.16 billion. This data illustrates a clear gap between the top-tier dominance of Binance and the Tier 2 challengers such as OKX and Bybit, while smaller regional platforms comprise a third tier of reserve holders.
A detailed breakdown of Binance’s reserve mix shows a heavy concentration in major crypto-assets and stablecoins, reflecting a strategic focus on deep liquidity and user withdrawal readiness. Binance held approximately $47.47 billion in stablecoins, accounting for 30.5% of its total reserves. Bitcoin-related assets, including BTC and derivatives exposure, represented another $49.84 billion, or 32.03% of holdings. The exchange also reported $34.20 billion in exchange-owned tokens, largely driven by BNB, alongside $14.16 billion in other altcoin reserves and nearly $10 billion in ETH-related assets. CoinMarketCap notes that this stablecoin reliance remains a critical component of exchange reserves, functioning as a cash-like buffer for withdrawals and general market operations.
The report further observes that reserve composition varies significantly across different platforms. For example, OKX held around $12.49 billion in stablecoins and over $10.4 billion in Bitcoin-related assets, while Bybit’s reserve mix showed a heavier weighting toward stablecoins and BTC. Some exchanges disclosed limited information regarding their exchange-owned token holdings or specific altcoin breakdowns, focusing primarily on core assets such as BTC, ETH, and stablecoins. Across the industry, assets like DOGE, XRP, and SOL were cited as notable altcoin holdings appearing on multiple platforms. These differences in allocation highlight the various risk management and liquidity strategies employed by major global exchanges.
Tether Disrupts Bitcoin Mining With Launch of Open-Source Operating System
Tether, the company behind the world’s most widely used stablecoin, has officially released MiningOS (MOS), an open-source operating system designed to overhaul how Bitcoin mining operations are managed. The launch represents a direct challenge to the proprietary, vendor-controlled software that has long dominated the sector. By open-sourcing the software under an Apache 2.0 license, Tether aims to provide a transparent alternative for miners, ranging from small-scale home enthusiasts to massive industrial operators, as it continues to expand its footprint in global crypto infrastructure.
Built on a modular, peer-to-peer architecture, MiningOS allows operators to monitor and automate their hardware, energy consumption, and site-level infrastructure within a single, unified layer. Unlike existing fragmented software stacks that often rely on centralized services, MOS is designed to be hardware-agnostic, meaning it can function across various types of mining rigs without locking users into specific manufacturers. Tether CEO Paolo Ardoino noted that the system is built to make mining infrastructure more accessible and scalable across different geographies, ensuring that new entrants can compete without the burden of expensive, closed-source management tools.
This strategic move aligns Tether with other industry advocates for open infrastructure, such as Jack Dorsey’s Block, and marks a significant evolution for the company beyond its core stablecoin business. Tether reported a staggering net profit of over $10 billion in 2025, largely fueled by interest income on its reserves. This financial strength has allowed the firm to diversify aggressively into tokenized commodities like gold, energy production, and various payment infrastructures. Along with the operating system, Tether also unveiled a Mining SDK, which will serve as the underlying framework for future community-led development.
The release of MOS comes at a time when the mining industry is increasingly focused on efficiency and transparency. By providing a free, customizable toolset, Tether is positioning itself as a foundational player in the physical security of the Bitcoin network. As the company rolls out new products like the U.S.-focused USAT stablecoin, the launch of MiningOS signals Tether’s intent to move away from being just a financial intermediary and toward becoming a central architect of the decentralized digital economy.
Singapore Gulf Bank Unveils Institutional Stablecoin Hub for Cross-Border Settlementblockchain
Singapore Gulf Bank (SGB), a fully licensed digital wholesale bank backed by the Whampoa Group and Bahrain’s sovereign wealth fund, Mumtalakat, has officially announced a new stablecoin interoperability service designed to streamline institutional finance. The platform, which is expected to go live by the first quarter of 2026, will allow corporate clients to mint, trade, and convert stablecoins into fiat currency within a single, regulated environment. This new offering extends the capabilities of SGB Net, the bank’s proprietary real-time clearing network that currently processes more than $2 billion in monthly fiat transaction volume for digital asset firms across the Asia-GCC corridor, a report by Crypto News said.
The service will support major stablecoins, including USDC and USDT, across the Solana, Ethereum, and Arbitrum blockchains. By integrating these assets directly into a banking infrastructure, SGB aims to eliminate the operational fragmentation that currently plagues corporate treasury departments. Chief Executive Officer Shawn Chan noted that while stablecoins have become the essential “working capital” of the digital economy, the tools for managing them remain unnecessarily complex. The bank’s goal is to serve as a bridge between traditional and digital finance, offering near real-time settlement for high-volume cross-border transactions that were previously slow and expensive.
Security and regulatory compliance are central to the new platform, which includes built-in safeguards such as rigorous Know Your Customer (KYC), Know Your Business (KYB), and anti-money laundering (AML) controls. To ensure the safety of digital assets, SGB has continued its strategic partnership with Fireblocks, a leading crypto infrastructure provider, to handle institutional-grade custody. This partnership, established in late 2025, utilizes multi-party computation (MPC) cryptography to protect funds and automate treasury operations, allowing the bank to scale its services while mitigating operational risks.
The launch comes at a time of significant maturation for the global stablecoin market, which has seen the total market capitalization surpass $300 billion. The regulatory landscape has shifted rapidly with the enactment of the GENIUS Act in the United States and the introduction of central bank-approved stablecoins like USDU in the UAE. By positioning itself at the intersection of these regulated frameworks, Singapore Gulf Bank is moving to capture the increasing demand for dollar-backed liquidity and efficient global settlement solutions for institutional users.
Rynki kryptowalutowe upadają, gdy Trump sugeruje zmianę reżimu Fed
Rynek kryptowalut doświadczył gwałtownej wyprzedaży późnym czwartkiem, a Bitcoin (BTC) spadł do najniższego poziomu 81 000 $, zanim nastąpiło letnie odbicie do poziomu 82 000 $. Nagły krach zniwelował prawie 10 000 $ wartości flagowego aktywa w zaledwie 24 godziny.
Rzeź nie ograniczała się tylko do Bitcoina. Główne altcoiny odnotowały spadki w zakresie od 7% do 9%, a Ether (ETH) miał trudności z utrzymaniem się na poziomie 2 700 $, podczas gdy BNB i XRP spadły do 843 $ i 1,74 $ odpowiednio.
Według danych z CoinGlass, zmienność wywołała masowe zdarzenie likwidacyjne. Ponad 777 milionów dolarów w lewarowanych pozycjach „long” zostało przymusowo zamkniętych w ciągu jednej godziny, gdy cena spadła. W ciągu całego 24-godzinnego okresu całkowite likwidacje wzrosły do 1,75 miliarda dolarów, co oznacza jedno z najważniejszych zdarzeń delewarowania w 2026 roku.
Talos osiąga wycenę 1,5 miliarda dolarów po strategicznym wsparciu finansowym w wysokości 45 milionów dolarów
Z siedzibą w Nowym Jorku Talos, dostawca instytucjonalnej infrastruktury cyfrowych aktywów, technologii i danych wspierających pełen cykl handlowy i zarządzanie portfelem, ogłosił rozszerzenie serii B o wartości 45 milionów dolarów w dniu 29 stycznia 2026 roku. Ta strategiczna injekcja kapitału podnosi całkowite finansowanie serii B firmy do 150 milionów dolarów i zwiększa jej wycenę po pieniądzu do około 1,5 miliarda dolarów. Runda obejmowała wysokoprofilową grupę nowych strategicznych inwestorów, w tym Robinhood Markets, Sony Innovation Fund, IMC, QCP i Karatage, którzy dołączyli do powracających gigantów takich jak a16z crypto, BNY i Fidelity Investments.
Rosja otworzy rynek kryptowalut dla inwestorów detalicznych do lipca 2027
Rosja przygotowuje się do wprowadzenia kompleksowego ramowego prawa dla kryptowalut w lipcu tego roku, co oznacza znaczną zmianę w kierunku legalizacji uczestnictwa detalicznego na lokalnym rynku aktywów cyfrowych.
Anatoly Aksakov, przewodniczący Komitetu ds. Rynku Finansowego w Dumie Państwowej, niedawno poinformował Gazetę Parlamentarną, że nadchodzący zestaw zasad zostanie sfinalizowany do głosowania do końca czerwca. Chociaż oczekuje się, że ustawa zostanie zatwierdzona wkrótce potem, ramy nie wejdą w pełną moc aż za rok, co oznacza, że zarówno kwalifikowani, jak i niekwalifikowani inwestorzy będą mogli oficjalnie handlować aktywami kryptograficznymi od 1 lipca 2027.
In a move that bridges Old World security with New World finance, Tether Holdings SA has transformed a Cold War-era Swiss nuclear bunker into the world’s largest non-sovereign gold reserve.
The stablecoin giant is reportedly acquiring more than a ton of bullion per week, a pace of accumulation that has turned the crypto-native firm into a systemic force in the global precious metals market. The high-security vault, carved into the Swiss Alps, now houses a stash that exceeds the holdings of many mid-sized nation-states.
Industry analysts confirm that Tether’s relentless buying spree—totaling roughly $1 billion in physical metal every month—has made it the largest known private bullion hoard on Earth.
This aggressive accumulation strategy is forcing traditional bullion desks to recalibrate their models, as Tether’s price-insensitive buying is large enough to tighten the available float and skew market spreads.
Tether executives are positioning these massive gold reserves as a hard-asset hedge against the debasement of fiat currencies and traditional counterparty risks. This strategy aligns the company with the same macroeconomic shifts that have recently propelled gold prices above the $5,000 mark.
While the logistics of sourcing and transporting 1,000 kilograms of gold weekly from Swiss refiners are immense, Tether leadership argues the physical bunker provides a level of resilience that digital-only assets cannot match, suggesting that in an era of synthetic dollars, physical metal still buys 21st-century trust.
The news arrives as the broader crypto market continues to hold firm near cycle highs, with Bitcoin trading near $88,900 and Ethereum hovering around $3,000. While the gold provides a physical anchor for USDT and Tether Gold (XAUT), the sheer volume of assets controlled by a single private player has raised concerns among some market analysts.
Critics argue that this creates a new form of concentration risk, adding another layer to the long-standing questions regarding transparency and audit standards in the stablecoin sector. For now, however, the vault serves as a powerful symbol for crypto-native investors, offering a concrete answer to the perennial question of what exactly backs the world’s most-used digital dollar.
Ethereum Mainnet Gotowy do Wdrożenia Standardu ERC-8004 dla Autonomii Agentów AI
Ekosystem Ethereum aktualnie przygotowuje się do znaczącej zmiany infrastrukturalnej, ponieważ oficjalny standard ERC-8004 został potwierdzony do wdrożenia w sieci głównej w tym tygodniu. Początkowo zapowiedziany przez Fundację Ethereum 27 stycznia, ten nowy protokół oznacza kluczowy moment w planie na 2026 rok, aby przekształcić sieć w podstawową warstwę dla globalnej agentnej gospodarki. Często nazywany standardem „Bezaufnych Agentów”, ERC-8004 wprowadza kompleksową ramę zaprojektowaną w celu rozwiązania rosnącego kryzysu tożsamości, z którym borykają się autonomiczne systemy AI.
Japan’s Financial Watchdog Proposes Strict New Reserve Standards for Stablecoins Under 2025 Payme...
Japan’s Financial Services Agency (FSA) has officially moved to solidify the nation’s digital asset framework by launching a public consultation on stringent new draft rules governing stablecoin reserve assets. This move marks a critical step in the practical implementation of the 2025 Payment Services Act overhaul, a legislative package enacted last June designed to formalize the country’s electronic payment landscape and provide a secure environment for digital innovation.
At the heart of the new proposal are strict limitations on how stablecoin issuers manage the “specified trust beneficiary interests” that back their tokens. Under the draft notices, issuers using trust structures will be restricted to a narrow pool of high-quality collateral to ensure stability and liquidity. To qualify as a reserve asset, foreign-issued bonds must meet two primary benchmarks: they must maintain a top-tier credit risk rating of 1–2 or higher from designated agencies, and the foreign issuer must have a total outstanding bond volume of at least 100 trillion yen, which is approximately $648 billion.
The FSA is also targeting the potential for consumer confusion regarding traditional financial institutions. New supervisory guidelines will now apply to banks and insurance companies whose subsidiaries offer cryptocurrency intermediation. Under the draft, these subsidiaries are required to provide explicit explanations to customers to ensure they do not underestimate the risks involved simply because a product is being offered by a recognizable or “safe” financial group. Furthermore, businesses seeking to handle foreign-issued stablecoins must now provide a formal check showing that the overseas issuer will not engage in direct issuance or solicitation toward general users within Japan.
This regulatory push arrives as Japan’s stablecoin market shifts from theoretical pilots to live infrastructure. Following the recent launch of the country’s first legally recognized yen-backed stablecoin by fintech firm JPYC, the nation’s three “megabanks”—MUFG, SMBC, and Mizuho—have continued to advance their own stablecoin and tokenized deposit projects. These interbank settlement pilots received formal backing from the FSA in December, signaling a coordinated effort to build a regulated ecosystem. The public consultation on these specific draft rules is set to remain open until February 27, 2026.
Brytyjski Nadzorca Wchodzi w Ostateczną Fazę Kompleksowej Realizacji Regulacji Kryptowalut
Brytyjska Komisja Nadzoru Finansowego (FCA) oficjalnie weszła w końcowy etap konsultacji dotyczących kompleksowego nowego ramowania regulacyjnego, które ma na celu wprowadzenie aktywów cyfrowych pod te same rygorystyczne standardy, co tradycyjne rynki finansowe. Ten krok stanowi "ostateczny krok" w ambitnej mapie drogowej rządu, aby ustanowić Wielką Brytanię jako globalne centrum regulowanej działalności kryptograficznej, jednocześnie priorytetując ochronę konsumentów i integralność rynku.
Najnowszy pakiet konsultacyjny wprowadza dziesięć proponowanych zasad mających na celu wspieranie bardziej przejrzystego i konkurencyjnego rynku. Kluczowe obszary fokusowe obejmują nowe standardy dotyczące conductu biznesowego, ograniczenia w zakresie używania kredytów do zakupu aktywów kryptograficznych oraz surowsze wymagania dotyczące zabezpieczania aktywów. Regulator ma również na celu wyjaśnienie, jak powinny być traktowane zabezpieczenia detaliczne w umowach pożyczkowych dotyczących kryptowalut. Chociaż FCA zauważyła, że te zasady mają na celu budowanie zaufania publicznego, wydała stanowcze przypomnienie inwestorom, że regulacje nie mogą wyeliminować wrodzonej zmienności i ryzyka związanego z rynkiem kryptowalut.
Major Shakeup Looming for South Korea’s Coinone As Chairman Weighs Stake Sale
South Korea’s third-largest cryptocurrency exchange, Coinone, is reportedly exploring a major ownership restructuring that could redefine its position in the domestic market. According to an initial report by the Seoul Economic Daily, the exchange is actively considering various options to sell a significant portion of shares held by its Chairman and largest shareholder, Cha Myung-hoon. Currently, Chairman Cha controls a dominant 53.4% stake in the company, which includes his personal 19.14% holding and an additional 34.3% stake held through his company, The One Group. The potential deal may also involve shares held by the firm’s second-largest shareholder, local gaming giant Com2uS, which originally acquired a 38.42% stake between 2021 and 2022.
A representative from Coinone has confirmed that the company is currently in high-level talks with major overseas exchanges and local financial institutions regarding potential equity investments. While the company has been careful to note that no specific decisions have been finalized, the discussions appear to be gaining momentum. Industry sources have specifically pointed toward U.S.-based Coinbase as a potential participant in the sale. Executives from the American exchange are reportedly scheduled to visit South Korea this week to meet with Coinone leadership and other local firms, signaling a heightened interest from global players in the South Korean digital asset ecosystem.
The move toward a sale comes as Coinone faces mounting financial pressure following a period of sustained losses. Internal reports indicate that the exchange’s book value sat at approximately 75.2 billion won ($52.2 million) at the end of the third quarter, representing a significant decline from its previous valuation of 94.4 billion won. Analysts believe that the recent return of Chairman Cha – a white-hat hacker turned businessman – to active management after a four-month hiatus was a strategic move specifically intended to oversee the stake sale or a larger M&A deal.
This development follows a broader trend of consolidation and ownership shakeups among South Korea’s top cryptocurrency exchanges. In a recent high-profile shift, Dunamu, the parent company of the nation’s largest exchange, Upbit, became a subsidiary of the internet giant Naver following a merger with Naver Financial in November. Simultaneously, Binance finally completed its acquisition of Gopax, the country’s fifth-largest exchange, after navigating nearly two years of regulatory delays. As Coinone continues its preliminary negotiations, the outcome could mark the next major chapter in the rapid transformation of the South Korean exchange landscape.
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