美众议院金融服务委员会主席：《CLARITY法案》有望填补《GENIUS法案》监管空白

UK Regulator Shuts Down Crypto Exchange Zedxion, Accuses It of Processing Approximately $1 Billion in Funds for Iran

UK regulators have shut down cryptocurrency exchange Zedxion, accusing it of processing approximately $1 billion in funds for Iran's Islamic Revolutionary Guard Corps, in violation of international sanctions. This action follows sanctions imposed by the United States and European Union against Zedxion, reflecting a global trend of increasingly stringent regulation of cryptocurrency exchanges.

South Korea's National Tax Service Plans to Complete Selection of Virtual Asset Custodian Service Providers in the First Half of the Year

Gate News - On March 21, South Korea's National Tax Service plans to complete the selection of virtual asset custodian service providers in the first half of this year. This initiative stems from a virtual asset theft incident that occurred last month, when the National Tax Service accidentally leaked mnemonic phrase information while announcing the results of an on-site investigation, resulting in the seized virtual assets being stolen twice.

U.S. House Committee on Financial Services will hold a tokenization hearing on March 26

Gate News, on March 21st, crypto journalist Eleanor Terrett posted on the X platform stating that the U.S. House Committee on Financial Services plans to hold a hearing on tokenization on March 26th at 10:00 AM (Eastern Time). Blockchain Association CEO Summer Mersinger will attend as an invited witness.

BoE Faces Strong Backlash Over Proposal to Limit Stablecoin in UK

The Bank of England faces rising opposition to a proposal limiting GBP stablecoin holdings to £20,000 for individuals and £10 million for businesses. Introduced to protect financial stability, critics argue it could disrupt lending and hinder growth in the crypto sector.

Hong Kong Securities and Futures Professionals Union Chairman: Virtual Asset Regulatory Approach Should Not Be Applied to Traditional Securities Industry

Gate News reported that on March 21, Hong Kong Securities and Futures Professionals Union Chairman Chen Zhihua commented on the controversy surrounding brokers' "pre-registration of designated bank accounts" for customers. He stated that although the regulatory circular proposes establishing a bank account registration mechanism with caps, the related practices may stem from inappropriately applying virtual asset regulatory concepts (such as pre-approval of wallet addresses) to the traditional securities industry.

Citigroup Slashes Bitcoin and Ethereum 12-Month Price Targets, Citing Stalled U.S. Crypto Legislation Weighing on Upside Catalysts

Citigroup has lowered its target prices for Bitcoin and Ethereum, indicating a cautious outlook on the medium-term prospects of the crypto market. The Bitcoin target price has been reduced from $143,000 to $112,000, while Ethereum's has been lowered from $4,304 to $3,175, mainly due to slow progress in U.S. cryptocurrency legislation. Although there is still room for upward movement over the next year, the market may remain volatile in the short term, with Ethereum's valuation becoming more reliant on fundamentals.