Blockchain.com receives approval and registration from the UK FCA to provide regulated cryptocurrency services

U.S. DeFi organizations call on the UK FCA not to consider non-custodial protocol developers as intermediaries

The US DeFi organization DeFi Education Fund recommends that the FCA adopt the "control" definition in the new crypto asset regulations, limiting regulation to entities that have unilateral control over user funds. It emphasizes the need to focus on specific operational capabilities and opposes applying centralized exchange platform requirements to decentralized protocols.

U.S. SEC Plans to Promote Regulatory Rule Reforms: Covering Cryptocurrency Asset Classification and Investment Contract Recognition Framework

Jim Moloney, head of the SEC's Company Finance Division, stated that the department is rapidly advancing the development of regulatory rules for digital assets, with a focus on classification guidance and proposals for the regulatory framework for issuance and sales. Additionally, the SEC is pushing for other reforms, such as the implementation of HFIAA and adjustments to reporting requirements.

The Hong Kong Institute of Certified Public Accountants plans to improve virtual asset accounting guidelines within the year and is in discussions with the Hong Kong Monetary Authority regarding stablecoin regulations.

PANews February 13 News, according to Hong Kong Economic Daily, the new President of the Hong Kong Institute of Certified Public Accountants, Lo Cheuk Kin, stated that guidelines are being developed to help the accounting industry and business community understand how to handle virtual assets in accounting. The first part of the guidelines involving virtual currencies and stablecoins has been issued. The second part, which has not yet been published, relates to the Hong Kong Monetary Authority's audit requirements for stablecoins. The institute is currently discussing this with the HKMA, and it is expected to be released within 6 months. The goal for the third part of the virtual asset accounting guidelines is to be launched by the end of the year, but it will only be released after further communication and consensus with regulators and industry stakeholders.

The Israeli military is hunting for spies on Polymarket

Israeli Defense Forces reservists and civilians have been charged for placing bets on military secrets on Polymarket,涉嫌 insider trading. This incident highlights the risks of unfair competition and insider involvement in prediction markets, especially in sensitive areas like war. It calls for potential future regulation to prevent similar issues.

Regulatory Storm Brewing? The US SEC and CFTC Keep a Close Watch on the Prediction Market

The prediction markets in the United States have rapidly emerged in recent years, attracting the attention of regulatory agencies. SEC Chairman Paul Atkins emphasized that the legal status of prediction markets as "gambling" or "financial instruments" remains controversial, especially for contracts involving events such as elections. The overlapping regulatory authority requires collaboration between federal and state governments, and whether clear rules will be established in the future remains to be seen.

SEC Chair clearly promotes cryptocurrency regulatory framework, the United States may usher in a federal digital asset regulation era

February 13 News, during a Senate hearing, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins for the first time systematically articulated his latest stance on cryptocurrency regulation. He stated that establishing a federal-level regulatory framework for the crypto asset market in the United States is "long overdue." This statement is seen as a significant policy signal, indicating that the U.S. is shifting from an "enforcement-first" approach to a phase of "rule-based" system building. For years, U.S. regulation of the crypto industry has mainly relied on case-by-case enforcement, lacking unified standards, with unclear compliance pathways for companies, and frequent obstacles to capital and innovation. Atkins pointed out that this fragmented approach can no longer meet the current market scale, and regulators need to coordinate operations within the same framework rather than acting independently.