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Regulation/Compliance

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Why Wall Street Giants Only Build Tokenized Money for Institutions

JPMorgan Chase and banks such as Citigroup are using blockchain technology to process massive funds, but tokenization solutions are primarily aimed at institutional investors rather than retail consumers. Capital fragmentation and compliance pressures resulting from legacy systems are the main reasons.

Bastion Receives Conditional Approval from OCC to Advance National Trust Bank Charter Application

Bastion has secured conditional approval from the US Office of the Comptroller of the Currency (OCC), officially initiating its national trust bank license application. The institution plans to leverage this authorization to establish stablecoin and payment infrastructure under federal regulatory oversight.

Korean Police Trace Polymarket Users On-Chain, Involving $12.7 Million in Bets

Odaily News: The cyber investigation unit of the Gangwon Special Self-Governing Province Police Agency in South Korea identified 26 Polymarket users by analyzing public blockchain transaction records and on-chain open-source intelligence, and filed cases on suspicion of illegal gambling. Among them, 18 individuals have been transferred to prosecutors, with cumulative bets totaling $12.7 million and a single user betting as much as $4.1 million.Police launched a preliminary investigation in March and began filing cases against those involved starting in May; South Korea's Korea Communications Standards Commission only ordered the blocking of Polymarket on August 18, and the transactions under investigation by authorities occurred during a period when the platform was still normally accessible. Police are advancing the investigation under Article 246 of South Korea's Criminal Act. (Bitcoin.com News)

Trump Signs Russia-Iran Sanctions Bill and Weighs Military Action Against Iran

Trump signed sanctions legislation targeting Russia and Iran on September 18 and is weighing whether to take further military action against Tehran. He also announced a Greenland security agreement with Denmark, stating that his approval rating among Republicans has reached an all-time high.

MultiversX mainnet experiencing potential issues, team conducts urgent investigation

The MultiversX mainnet has detected potential anomalies, and the team is conducting an emergency investigation. The top priority is to safeguard user assets and ensure network stability. Further updates are expected within 12 hours or once the situation is clarified.

Vietnam Plans to Issue First Batch of Crypto Asset Service Provider Licenses in 2026, Strengthens Regulatory Cooperation with Austria's FMA

Odaily Report: Vietnam plans to issue licenses to its first batch of crypto asset service providers in 2026 under a pilot legal framework, and allow the first batch of digital asset platforms to begin operations. Nguyen Duc Chi, Deputy Minister of Finance of Vietnam, met with Mariana Kuhnel, Executive Director of the Austrian Financial Market Authority (FMA), in Vienna on September 15 to discuss bilateral cooperation and the exchange of financial regulatory experience.Vu Thi Chan Phuong, Chairwoman of the State Securities Commission of Vietnam, stated that the regulatory mechanism will cover service providers and investor transactions, with a focus on risk management, investor asset protection, and anti-money laundering. Kuhnel proposed that both sides hold online technical seminars and strengthen coordination through the International Organization of Securities Commissions (IOSCO). (Bitcoin.com News)

SlowMist Warning: FomoPeek App v1.1-1.2 contains malicious code that can steal user private keys and assets.

慢雾安全团队(@SlowMist_Team)与 OKX 安全团队联合调查,FomoPeek App 1.1–1.2 版本被证实含有恶意代码。该应用内置 iOS 内核漏洞利用框架,共包含 8 种攻击方式,可根据设备型号及 iOS 版本自动选择攻击路径,成功后可逃逸 iOS 沙箱、解密 Keychain 数据,并读取其他应用文件,导致私钥、助记词、登录凭证、聊天记录等敏感信息泄露。受影响 iOS 版本为 12.0–18.7 及 26.0–26.1,攻击功能当前处于激活状态并定期自动运行。 已安装该应用的用户建议立即采取以下措施: 1. 检查账户及资产是否有异常活动 2. 在未安装过 FomoPeek 的可信设备上创建新账户并生成新私钥/助记词 3. 尽快将资产转移至新账户 4. 将设备 iOS 更新至最新版本 5. 停止使用并卸载 FomoPeek

Hong Kong Treasury Secretary: Pilot Tokenization of Exchange Fund Bills Before End of 2026

Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, stated at a press conference on the financial development measures of the Hong Kong SAR's first five-year plan for economic and social development and the Chief Executive's 2026 Policy Address that digital assets and fintech are new growth engines for Hong Kong. Digital bonds issued in Hong Kong account for approximately 50% of the global share. The tokenization of Exchange Fund Bills will be piloted before the end of 2026, and the Central Moneymarkets Unit (CMU) will establish a digital asset platform within 2026 to provide one-stop services including digital bond issuance and settlement.In terms of regulation and market development, measures include improving the virtual asset licensing regime, enhancing the regulatory framework for tokenized investment products, promoting the trading of regulated stablecoins on licensed platforms, and encouraging the expansion of application scenarios for compliant stablecoins.

Yu Yuantan: 13 Revisions of User Privacy Policy in 3 Years — Anthropic Hands Global User Data to U.S. Intelligence Agencies

Odaily reports: Yu Yuantan stated that Silicon Valley is engaged in a fierce debate over the pace and safety of AI development. After reviewing the 13 revisions of Anthropic's privacy policy since the first version was released in 2023 and comparing them with the privacy information management system standard ISO/IEC 27701, it was found that Anthropic's user privacy data security risks are increasing. There are three steps by which Anthropic became an "intelligence hub." First, transferring overseas user data to the United States; second, expanding the sources for obtaining user data; third, providing intelligence to U.S. intelligence agencies in exchange for benefits. (Sina Finance)

HuaXia Fund Hong Kong Completes First HKD-Pegged Stablecoin HKDAP Digital Asset Investment Use Case

According to Sing Tao Daily, ChinaAMC (Hong Kong) announced that it has partnered with Standard Chartered Bank and others to complete Hong Kong's first use case of an HKD stablecoin (HKDAP) investing in digital assets. This demonstrates how regulated HKD stablecoins can be integrated with digital financial assets within a compliant and regulatory framework, providing investors with more diversified investment options. HKDAP is an HKD stablecoin issued by Hong Kong-licensed stablecoin issuer Anchor Point Finance, spearheaded by Standard Chartered Bank (Hong Kong).

Dtcpay Completes $25 Million Series A Funding Round Led by Vertex Ventures Southeast Asia & India, with SBI Participating

Odaily News: Singapore-based compliant stablecoin payment company Dtcpay has announced the completion of a $25 million Series A funding round, led by Vertex Ventures Southeast Asia & India, with SBI participating through two Singapore investment entities. Dtcpay provides stablecoin and fiat currency acceptance, storage, and trading services.The funds from this round will be used to expand its merchant network, build infrastructure, develop enterprise portal and consumer application features, and enter more regulated markets. Dtcpay has integrated with WalletConnect and launched a Visa-linked stablecoin-to-fiat card. (Bitcoin.com News)

Brazil's Securities Regulator CVM Advances Distributed Ledger Pilot for Tokenized Securities

According to Ledger Insights, the Brazilian Securities and Exchange Commission (CVM) is advancing a Distributed Ledger Technology (DLT) pilot program that will conduct simulated trading tests for tokenized securities, without involving real securities or investors. The test is led by the CVM Tokenization Working Group (GTT), will run for 60 days with a possible 30-day extension, and will cover the full lifecycle (from issuance to settlement) of assets including stocks, bonds, accounts receivable certificates, and investment fund shares. The trial aims to assess the technical, operational, and legal feasibility of DLT in capital markets, explore cross-network interoperability, and identify regulatory gaps, with the final outcomes potentially driving adjustments to relevant rules and legislation. The draft resolution remains pending approval from the CVM Board of Directors.

Brian Armstrong: Responds to WSJ's Attempt to Blame Coinbase and Himself for CLARITY Act Failure

Brian Armstrong posted on X platform stating that The Wall Street Journal is preparing an article that blames Coinbase and himself for the CLARITY Act's failure to pass. Armstrong said that in January, he opposed a draft bill submitted for committee vote because it still had major issues regarding DeFi, tokenization, CFTC jurisdiction, and stablecoin rewards; after collaborative revisions from multiple parties, all four of these issues were resolved, and the revised draft passed committee review approximately four months later. Armstrong stated that he strongly supports the final version of the CLARITY Act submitted to the Senate and will continue to push for cryptocurrency regulatory rules.

Russia-Ukraine Situation Escalates; US Approves $2.7 Billion Arms Sales and Sanctions Bill Takes Effect

Fighting continues along the Russia-Ukraine front lines, with a cooling tower at the Kursk Nuclear Power Plant hit. The United States officially signed a sanctions bill against Russia and approved nearly $2.7 billion in arms sales to Ukraine, while the European Union simultaneously allocated €3.3 billion in defense funding.

A certain address opened a position of 1 million UNI with $9.05 million, at a price of $9.05

According to on-chain analyst Ai Yi, a new address opened its first position of 1 million UNI five hours ago at an entry price of $9.05. Driven by the Robinhood meme market trend and the SEC's new rules on compliant on-chain U.S. stock trading, UNI has risen 145% over the past month.

Middle East Situation Tracker: US Military Operations Against Iran Cost $43.6 Billion

Trump signs sanctions bill targeting Russia and Iran; cumulative cost of U.S. military operations against Iran reaches $43.6 billion. A Saudi oil pipeline shutdown has driven the Brent crude spot premium to a record high, while multiple nations hold negotiations on the Houthi issue.

CLARITY Act Stumbles in Senate, SEC and CFTC Continue Push for Crypto Regulation

According to Crypto in America, the US Senate failed to advance the crypto market structure bill known as the "Clear Act" this week with a 49-50 vote, with Democrats voting as a bloc against it and Republican Senators Collins, Hawley, and Moran joining the opposition. Following the setback, the focus of crypto regulation shifted from Congress to regulatory agencies: the SEC subsequently issued innovation exemption measures, paving a limited pathway for on-chain trading of tokenized US stocks, while the CFTC adopted a no-action stance regarding passive software providers and submitted a broader proposal for crypto market rulemaking to the White House. Meanwhile, Visa announced the closure of a loophole that allowed purchasing memecoins with credit cards in exchange for standard loyalty points, with related processors granted a grace period expected to expire next week. Some Democratic senators involved in the negotiations stated that the "Clear Act" is not "dead," with efforts to restart talks still underway.

Transfer amounts stay private, Sui confidential transfers support settlement on public chains

Sui stated on the X platform that if payment amounts are public, enterprises will not put salaries or supplier payments on-chain. Sui's confidential transfers can keep amounts private while allowing issuers and compliance teams to retain visibility, and complete settlement on public chains.

CFTC submits cryptocurrency market regulatory plan for White House review

The CFTC submitted a regulatory action plan covering crypto asset trading to the White House, intending to strengthen market regulation under existing statutory authority. This comes after the Senate failed to pass related cryptocurrency legislation.

Tom Lee: Crypto Market Will Keep Rising, Even If the CLARITY Act Fails

Odaily News — Tom Lee, chairman of Ethereum treasury company Bitmine, said in an interview that even if the CLARITY Act fails to pass, the crypto market may still continue to rise, as market demand matters more than any single piece of legislation. The CLARITY Act was originally intended to establish a clearer regulatory framework for the crypto industry and give the U.S. Commodity Futures Trading Commission (CFTC) more clearly defined regulatory responsibilities; even if the bill fails, the U.S. Securities and Exchange Commission (SEC) and the CFTC will continue to serve as the main federal regulators of the crypto industry.Tom Lee also pointed to prediction markets and sports markets as examples, saying these sectors have continued to grow despite regulatory uncertainty.