X Platform to Launch Disclosure Requirements for Paid Promotions Including Kalshi and Polymarket Ads

Sports-betting contracts are considered derivatives! The U.S. CFTC blocks local law enforcement, seeking regulatory authority over prediction markets

The U.S. federal government is working with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi prediction markets from state and local governments to the federal level, arguing that sports betting contracts are financial derivatives. If the court backs this position, it would change the legal status of prediction markets and standardize regulation nationwide, reducing the impact of state-level betting laws.

Japan Approves Bill to Treat Crypto as Financial Products Under Securities Law

Japan's cabinet has approved a bill to classify crypto assets as financial products under securities law, prohibiting insider trading and requiring annual disclosures from issuers, marking a significant shift towards stricter regulation of the crypto sector.

Hong Kong Monetary Authority Deputy Chief Executive: If a stablecoin issuer wants to issue a Renminbi-pegged stablecoin, it must obtain approval from mainland regulatory authorities

Hong Kong Monetary Authority Deputy Chief Executive Officer Chen Weimin said that stablecoin issuers may choose to issue currencies such as Hong Kong dollars or renminbi based on their own discretion, but must obtain regulatory approval from the Mainland. As for the timetable for the second batch of stablecoin issuer licenses, there is no schedule yet. HSBC’s stablecoin will be integrated with PayMe and the HSBC HK App, supporting real-time transfers and person-to-merchant services.

Crypto regulation mega-centralization! The European Central Bank supports having “crypto service providers” directly regulated by the EU ESMA under unified supervision

The European Central Bank (ECB) supports consolidating financial regulatory powers under the European Securities and Markets Authority (ESMA) to unify the regulation of large crypto asset service providers, strengthen the EU’s competitiveness, and counter the United States and China. However, the ECB proposed that it must ensure ESMA has sufficient resources and reduce market disruption, and it is expected that the proposal will still need to be negotiated among EU lawmakers.

Will Taiwan’s special legislation shut down USDT withdrawals? An anonymous accountant posted to spark panic—here’s the full truth in one place

Recently, anonymous individuals claiming to be accountants have made statements online, saying that the draft of Taiwan’s newly passed “Virtual Asset Services Act” will prohibit the circulation of Tether (USDT) and has sparked panic. In response to this claim, Max, editor-in-chief of Crypto City, said the interpretation of the regulations in this statement is overly pessimistic, and emphasized that the purpose of the bill is to establish a compliance framework rather than a comprehensive crackdown. The article calls on the public to stay rational when facing community-driven panic posts, and to choose legitimate providers for crypto trading to avoid fund risks and scams.

Ruling sports betting contracts are derivatives! The U.S. CFTC blocks local law enforcement, pushing to secure regulatory authority over prediction markets

The U.S. federal government is working with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi prediction markets from state and local governments to the federal level, arguing that sports event contracts are financial derivatives. If the court supports this position, it will change the legal status of prediction markets and standardize regulation nationwide, reducing the influence of state-level gambling laws.