The Bank of Korea calls on regulators to restrict the issuance of Korean won stablecoins to licensed commercial banks.

SEC acknowledges mistaken enforcement in crypto, 95 companies face cumulative penalties of $2.3 billion

The U.S. Securities and Exchange Commission (SEC) acknowledges that its prior enforcement actions against the crypto industry have had shortcomings, emphasizing that the focus should not be on the number of cases. Since February 2025, seven crypto cases have been withdrawn, with the goal of adjusting policy. The new chair, Atkins, is pushing for regulatory innovation, proposing a “safe harbor” mechanism designed to give compliant space to startup crypto projects and aiming to reshape the industry’s compliance path.

U.S. Department of Justice rejects Tornado Cash developer’s motion to dismiss; retrial countdown begins

The U.S. Department of Justice opposes the motion to dismiss filed by co-founder Roman Storm of Tornado Cash, arguing that the Supreme Court ruling he cited does not apply. Storm was charged with money laundering and other offenses for operating a cryptocurrency privacy protocol. The DOJ said that Storm was alleged to have knowingly allowed users to commit wrongdoing without intervening, and that Tornado Cash has no legitimate uses, causing serious harm to the entire ecosystem of crypto privacy developers and revealing contradictions in the Trump administration’s crypto policy.

The SEC’s approval of some crypto enforcement cases is unproductive; the $2.3 billion fine didn’t protect investors

The U.S. Securities and Exchange Commission (SEC) has recently approved some cryptocurrency enforcement actions that have not harmed investors, and is shifting its focus to substantive harmful conduct such as fraud and market manipulation. SEC Chair Atkins emphasized reallocating resources, reducing the overall number of enforcement actions, to strengthen the effectiveness of investor protection.

Ripple report: 8 African countries advance crypto regulation, with South Africa leading the stablecoin space

Ripple reports that about 8 countries in Africa have established cryptocurrency regulatory frameworks, driving high adoption rates due to demand for remittances and inadequate financial infrastructure. Regulation is more mature in South Africa and Mauritius, while Nigeria and Kenya are still developing. Stablecoins are gradually shifting from speculation to business use, enhancing the potential for integrating financial systems.

Strengthen the bank-tax interaction! China encourages banks to use blockchain, but ordinary people trading coins and engaging in tokenization are all illegal.

The Chinese government encourages banks to use blockchain technology to strengthen “bank-tax interactions,” improve the financing environment for small and medium-sized enterprises, while fully banning private cryptocurrency trading and mining. It treats stablecoins and tokenization as illegal activities, showing clear policy boundaries and emphasizing official oversight and financial security.

Does the party fear secret mobilization? Jack Dorsey: China demands that Apple remove Bitchat, a decentralized communications app

Apple removed the decentralized communications app Bitchat from app stores due to China’s regulatory requirements. Because its Bluetooth and mesh network features were deemed to carry a risk of social mobilization, it was found to violate China’s Cybersecurity Law. Bitchat’s decentralized architecture makes it difficult for the government to regulate, and it has played a role in protests in multiple countries. The app can still be used outside China, and its downloads have continued to increase recently.