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The Financial Conduct Authority has registered a 51% slump in digital asset applications in the last three years, while the average waiting time for an approval shot up to 497 days from 311.
With the new policy, New Zealand-based digital asset service providers must collect information on users' digital asset transactions starting April 1, 2026.
Speaking at the Wyoming Blockchain Symposium, Governor Mark Gordon shared that the state was working on backing the stablecoin tokens through U.S. Treasury bills and repurchase agreements.
India is moving past enacting taxes on digital assets with an upcoming consultation paper likely to provide the sector with proper regulations as the nation looks to shape the growing industry.
DBS programmed the qualifying conditions to receive the grant into smart contracts on its permissioned blockchain, automatically triggering money transfers to the qualified beneficiaries.
The digital assets annex, developed in partnership with the ICMA and ISLA, provides a standardized framework for digital cash and securities, which is said to aid the growth of the repo market.
China's Supreme People's Court and the Supreme People's Procuratorate announced that under the new interpretation of the law, "virtual asset" transactions are to be listed as money laundering methods.
With input from Anthropic, lawmakers proceeded with the amendments to the SB-1074 bill, including limiting enforcement penalties and criminal perjury provisions.
In a recent response, ASX Managing Director and CEO Helen Lofthouse acknowledged the "serious nature of these proceedings," adding that they will cooperate with ASIC's investigation.
While there are no immediate plans to regulate digital asset sales and purchases, India continues to strictly monitor the industry, ensuring that it isn't a free-for-all or a crypto-wild west.
Apart from dropping the submission of wallet addresses and transaction IDs, the IRS will no longer require investment time transactions and broker specifications under the latest tax mandates.
At the third Foresight Conference, David Chiu, a Hong Kong Special Administrative Region legislative council member, said they must soon introduce "legislation related to stablecoin."
