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South Korean Government Launches First Stablecoin Legislation Forum, Advancing "Digital Asset Basic Act" Enactment Within the Year
According to Edaily, the South Korean government held the first stablecoin legislation forum attended by the Deputy Prime Minister for Economy on July 21, focusing on the "Basic Act on Digital Assets," with key topics covering the stablecoin issuance and circulation system, segmented regulation of the digital asset industry, and improvements to anti-money laundering rules.
Zano plans to transition to pure PoS through Zenith in 2027, reducing block time to 15 seconds
: Privacy blockchain Zano has announced that Zenith has entered the implementation phase, with a network transition planned for 2027, subject to testing, analysis, and review results. Zano has not yet announced an activation date, and the proposed operational parameters still require verification at the network level. Zenith will transition Zano from a hybrid PoW and PoS mechanism to a privacy-preserving pure PoS protocol. The proposed block time will be reduced from approximately 1 minute to about 15 seconds, the recommended number of confirmations will be lowered from 10 blocks to 4 to 6 blocks, and the typical confirmation time will be around 60 to 90 seconds. Andrey Sabelnikov, co-founder and core developer of Zano, stated that Zenith is based on over 12 years of privacy research, aiming to provide the network with the advantages of modern PoS while retaining the privacy protections that Zano users expect. PoW miners currently receive approximately 720 newly issued ZANO per day, equivalent to around 21,600 per month and 262,800 per year. After Zenith is activated and PoW mining ends, this issuance will be discontinued. Zano has also launched the official Zano Forum for technical discussions and community support.
former head of the Bank for International Settlements softens stance on stablecoins, supports coexistence with fiat currencies
former Bank for International Settlements Governor Agustín Carstens stated at the Point Zero Forum that stablecoins can promote financial innovation and inclusion while reducing costs.He pointed out that efforts should be made to create conditions for the coexistence of fiat currencies and stablecoins. If the goal is to establish a global system where stablecoins interact with global currencies, this must be a collaborative global effort. Better regulation and a level playing field for issuers could help stablecoins thrive in a dramatic way. (cointelegraph)
The National Financial Regulatory Administration: Eliminating Regulatory Gaps and Blind Spots to Ensure Full Coverage with No Exceptions
at today's 2026 Lujiazui Forum, Ding Xiangqun, Director of the National Financial Regulatory Administration, stated that efforts must be made to strengthen supervision, eliminate regulatory gaps and blind spots, and ensure full coverage with no exceptions. Ding Xiangqun said that efforts should be concentrated on preventing and resolving risks to firmly uphold the bottom line of preventing systemic financial risks. Focus should be placed on "reducing existing risks and controlling new risks." Risks in small and medium-sized financial institutions should be addressed in a forceful and orderly manner, with support and coordination to resolve risks related to real estate and local government debt. Adhere to the principles of treating diseases before they occur and addressing problems at the source, improve early correction mechanisms for financial risks with hard constraints, and achieve early identification, early warning, early exposure, and early disposal.Focus on "managing legal activities while also managing illegal ones." Strengthen central-local coordination and departmental collaboration, and make every effort to eliminate regulatory gaps and blind spots to ensure full coverage with no exceptions. Take the overall battle of preventing and combating illegal financial activities as a starting point, maintain a high-pressure crackdown stance, strengthen whole-chain systemic governance, and strive to protect the people's "money bags." (CCTV News)
Russia to Include USDC in Its Regulated Crypto Market, Full Regulatory Legislation to Be Completed by July
According to Cryptopolitan, Ivan Chebeskov, Deputy Minister of Finance of Russia, stated during the St. Petersburg International Economic Forum (SPIEF 2026) that USDC will be added to Russia’s regulated cryptocurrency list alongside BTC, ETH, and USDT—previously approved cryptocurrencies. He also revealed that smaller stablecoins pegged to currencies of “friendly jurisdictions,” such as the Russian ruble or the UAE dirham, may also be granted market access. Russia’s draft “Law on Digital Currency and Digital Rights” must be finalized by July 1; upon enactment, non-accredited investors will gain legal access to cryptocurrency investments for the first time—though with an annual investment cap of 300,000 rubles (approximately USD 4,000).
Russia could open up to 1 million crypto accounts within a year
Aleksey Korolenko, Executive Director of Cifra Markets, said in an interview on the eve of the St. Petersburg International Economic Forum that after the relevant bill is passed and takes effect, the number of crypto accounts opened by investors is expected to grow significantly. If large financial institutions launch convenient customer solutions, Russia could open up to 1 million crypto accounts within the first year under the compliance framework. (tass)
Zano plans to transition to pure PoS through Zenith in 2027, reducing block time to 15 seconds
: Privacy blockchain Zano has announced that Zenith has entered the implementation phase, with a network transition planned for 2027, subject to testing, analysis, and review results. Zano has not yet announced an activation date, and the proposed operational parameters still require verification at the network level. Zenith will transition Zano from a hybrid PoW and PoS mechanism to a privacy-preserving pure PoS protocol. The proposed block time will be reduced from approximately 1 minute to about 15 seconds, the recommended number of confirmations will be lowered from 10 blocks to 4 to 6 blocks, and the typical confirmation time will be around 60 to 90 seconds. Andrey Sabelnikov, co-founder and core developer of Zano, stated that Zenith is based on over 12 years of privacy research, aiming to provide the network with the advantages of modern PoS while retaining the privacy protections that Zano users expect. PoW miners currently receive approximately 720 newly issued ZANO per day, equivalent to around 21,600 per month and 262,800 per year. After Zenith is activated and PoW mining ends, this issuance will be discontinued. Zano has also launched the official Zano Forum for technical discussions and community support.
former head of the Bank for International Settlements softens stance on stablecoins, supports coexistence with fiat currencies
former Bank for International Settlements Governor Agustín Carstens stated at the Point Zero Forum that stablecoins can promote financial innovation and inclusion while reducing costs.He pointed out that efforts should be made to create conditions for the coexistence of fiat currencies and stablecoins. If the goal is to establish a global system where stablecoins interact with global currencies, this must be a collaborative global effort. Better regulation and a level playing field for issuers could help stablecoins thrive in a dramatic way. (cointelegraph)
Ethereum’s New Proposal: Validators May Need to Contribute Up to 10% of Staking Rewards to Fund the Ecosystem
According to CoinDesk, the Ethereum Research Forum has released a new proposal introducing a “Validator Redirection Yield” mechanism, allowing validators to redirect 0% to 10% of their staking rewards toward funding ecosystem infrastructure and public goods. If a majority of validators support a specific redirection percentage, that percentage will become mandatory for all validators. Based on current staking levels, a 5% to 10% redirection would generate approximately 50,000 to 70,000 ETH annually for the ecosystem—roughly $120 million. The proposal aims to address Ethereum’s long-standing “free-rider” problem; however, it has also raised external concerns regarding risks such as coordinated validator manipulation of fund allocation and misaligned interests between staking operators and ETH holders. The proposal remains under discussion and has not yet entered the formal voting process.
The National Financial Regulatory Administration: Eliminating Regulatory Gaps and Blind Spots to Ensure Full Coverage with No Exceptions
at today's 2026 Lujiazui Forum, Ding Xiangqun, Director of the National Financial Regulatory Administration, stated that efforts must be made to strengthen supervision, eliminate regulatory gaps and blind spots, and ensure full coverage with no exceptions. Ding Xiangqun said that efforts should be concentrated on preventing and resolving risks to firmly uphold the bottom line of preventing systemic financial risks. Focus should be placed on "reducing existing risks and controlling new risks." Risks in small and medium-sized financial institutions should be addressed in a forceful and orderly manner, with support and coordination to resolve risks related to real estate and local government debt. Adhere to the principles of treating diseases before they occur and addressing problems at the source, improve early correction mechanisms for financial risks with hard constraints, and achieve early identification, early warning, early exposure, and early disposal.Focus on "managing legal activities while also managing illegal ones." Strengthen central-local coordination and departmental collaboration, and make every effort to eliminate regulatory gaps and blind spots to ensure full coverage with no exceptions. Take the overall battle of preventing and combating illegal financial activities as a starting point, maintain a high-pressure crackdown stance, strengthen whole-chain systemic governance, and strive to protect the people's "money bags." (CCTV News)
Russia could open up to 1 million crypto accounts within a year
Aleksey Korolenko, Executive Director of Cifra Markets, said in an interview on the eve of the St. Petersburg International Economic Forum that after the relevant bill is passed and takes effect, the number of crypto accounts opened by investors is expected to grow significantly. If large financial institutions launch convenient customer solutions, Russia could open up to 1 million crypto accounts within the first year under the compliance framework. (tass)
SEC Chairman: Will Promote On-Chain Capital Market Reform and Clarify Boundaries of Digital Asset Securities
U.S. SEC Chairman Paul S. Atkins stated at the 2026 Reagan National Economic Forum that the U.S. Securities and Exchange Commission is advancing a "New Era SEC" regulatory reform, focusing on modernizing digital asset regulation, promoting on-chain capital market development, and supporting the U.S. in becoming a "global crypto hub."Paul Atkins criticized the SEC's previous "regulatory hostility" towards the digital asset industry, alleging that much crypto innovation was forced to relocate overseas. He stated that with the support of the Trump administration, the SEC has launched "Project Crypto" and is collaborating with the Commodity Futures Trading Commission to promote on-chain market infrastructure and harmonize crypto regulation. The SEC has recently clarified which digital assets are securities and which are not, and is advancing an innovative exemption mechanism for "tokenized listed securities," while studying how on-chain trading systems can fit within existing regulatory frameworks.Additionally, Paul Atkins emphasized that the SEC will reduce "over-disclosure" and regulatory burdens, promote "Make IPOs Great Again" reforms, including lowering compliance costs for listed companies, increasing IPO flexibility, and formally proposing to repeal the climate disclosure rules introduced under the previous administration. The future of U.S. capital markets should be built on a "free market and innovation-driven" foundation, where the regulator's role is to provide clear rules and legal certainty, not to suppress technological development.
Related news
South Korean Government Launches First Stablecoin Legislation Forum, Advancing "Digital Asset Basic Act" Enactment Within the Year
According to Edaily, the South Korean government held the first stablecoin legislation forum attended by the Deputy Prime Minister for Economy on July 21, focusing on the "Basic Act on Digital Assets," with key topics covering the stablecoin issuance and circulation system, segmented regulation of the digital asset industry, and improvements to anti-money laundering rules.
The Turing Award winner Bengio warns: current safety measures can't keep up with the rapid pace of AI capabilities
: At the Science Frontier Forum of the 2026 World Artificial Intelligence Conference (WAIC), Turing Award winner Yoshua Bengio issued a warning via remote connection: "AI has both lowered the bar for causing harm and raised the ceiling of potential damage."In recent years, this visionary "Godfather of AI" has been dedicated to addressing the security challenges posed by AI. The LawZero project led by Bengio is working to build protective systems capable of identifying and preventing harmful behaviors such as AI deception and self-preservation. The international AI safety report he spearheaded has also reached a consistent conclusion: current safety measures can no longer keep up with the explosive pace of AI capability development. (Tencent Technology)
Zano plans to transition to pure PoS through Zenith in 2027, reducing block time to 15 seconds
: Privacy blockchain Zano has announced that Zenith has entered the implementation phase, with a network transition planned for 2027, subject to testing, analysis, and review results. Zano has not yet announced an activation date, and the proposed operational parameters still require verification at the network level. Zenith will transition Zano from a hybrid PoW and PoS mechanism to a privacy-preserving pure PoS protocol. The proposed block time will be reduced from approximately 1 minute to about 15 seconds, the recommended number of confirmations will be lowered from 10 blocks to 4 to 6 blocks, and the typical confirmation time will be around 60 to 90 seconds. Andrey Sabelnikov, co-founder and core developer of Zano, stated that Zenith is based on over 12 years of privacy research, aiming to provide the network with the advantages of modern PoS while retaining the privacy protections that Zano users expect. PoW miners currently receive approximately 720 newly issued ZANO per day, equivalent to around 21,600 per month and 262,800 per year. After Zenith is activated and PoW mining ends, this issuance will be discontinued. Zano has also launched the official Zano Forum for technical discussions and community support.
Central Bank Digital Currency Research Institute Director: Stablecoins and Various Cryptocurrencies Are Rapidly Developing, Multilateral Central Bank Digital Currency Bridge Cumulative Transaction Volume Nears 500 Billion Yuan
Odaily Planet Daily reported that Mu Changchun, Director of the Digital Currency Research Institute of the People's Bank of China, delivered a speech titled "Central Bank Digital Currencies Reshaping Cross-Border Payments" at the 2026 Summer Davos Forum. He stated that new variables have emerged in the international monetary system, with stablecoins and various cryptocurrencies developing rapidly, pushing the global cross-border payment system into a new stage of development. Mu Changchun revealed that since the mBridge successfully entered a phase of sustained real transactions in June 2024, as of the end of 2025, the platform's cumulative transaction volume has reached nearly 500 billion yuan. Its ultimate goal is to evolve into a new type of Financial Market Infrastructure (FMI) built by central banks and participated in by financial institutions under a multilateral governance and equal mutual benefit framework. (Cai Jing)
former head of the Bank for International Settlements softens stance on stablecoins, supports coexistence with fiat currencies
former Bank for International Settlements Governor Agustín Carstens stated at the Point Zero Forum that stablecoins can promote financial innovation and inclusion while reducing costs.He pointed out that efforts should be made to create conditions for the coexistence of fiat currencies and stablecoins. If the goal is to establish a global system where stablecoins interact with global currencies, this must be a collaborative global effort. Better regulation and a level playing field for issuers could help stablecoins thrive in a dramatic way. (cointelegraph)
Ethereum’s New Proposal: Validators May Need to Contribute Up to 10% of Staking Rewards to Fund the Ecosystem
According to CoinDesk, the Ethereum Research Forum has released a new proposal introducing a “Validator Redirection Yield” mechanism, allowing validators to redirect 0% to 10% of their staking rewards toward funding ecosystem infrastructure and public goods. If a majority of validators support a specific redirection percentage, that percentage will become mandatory for all validators. Based on current staking levels, a 5% to 10% redirection would generate approximately 50,000 to 70,000 ETH annually for the ecosystem—roughly $120 million. The proposal aims to address Ethereum’s long-standing “free-rider” problem; however, it has also raised external concerns regarding risks such as coordinated validator manipulation of fund allocation and misaligned interests between staking operators and ETH holders. The proposal remains under discussion and has not yet entered the formal voting process.