Crypto

Summary Taiwan has passed a comprehensive cryptocurrency regulation law requiring all digital asset platforms to obtain licenses from the Financial Supervisory Commission (FSC) before operating. The legislation introduces reserve requirements and strict penalties for non-compliance, positioning Taiwan as one of the most rigorously regulated crypto jurisdictions in Asia. Details The bill, passed on July 1 and sent for presidential approval, rests on three pillars: mandatory licensing for all exchanges, custodians, and wallet providers; reserve mandates requiring platforms to hold a percentage of client assets; and severe penalties including fines and criminal liability for unlicensed operators. ...

Core Summary President Trump’s latest annual financial disclosure report reveals he earned over $1.2 billion from cryptocurrency-related businesses in the past year. The income spans token sales, equity transactions, and brand licensing, making crypto his most lucrative business sector since returning to office. Details According to documents filed with the Federal Election Commission and White House disclosures, Trump’s crypto income came from three main channels: World Liberty Financial Token Sales: Contributed approximately $236 million in direct revenue. The project has been controversial, with critics arguing it leverages presidential influence. ...

[Core Summary] Leading tokenization firm Securitize is expected to begin trading on the New York Stock Exchange this Thursday after investors approved a SPAC merger, becoming one of the first publicly traded pure-play tokenization companies. This move signals further capital market recognition for the real-world asset (RWA) tokenization sector. Securitize specializes in tokenizing traditional assets such as real estate and private equity through blockchain technology. The company previously secured investment from traditional finance giants including BlackRock. This listing will bring more liquidity and public attention to the tokenization industry. ...

Core Summary The UK Financial Conduct Authority (FCA) has officially released a comprehensive regulatory framework for crypto assets, covering capital requirements, stablecoin oversight, and market abuse prevention. The new rules will take effect in October 2027, marking a crucial step in UK crypto regulation aimed at providing a clear legal framework while protecting investor interests. Event Details According to The Block, this regulatory framework is the UK’s most comprehensive crypto regulation to date. The new rules contain three core components: first, setting minimum capital requirements for crypto asset service providers to ensure financial stability; second, implementing strict oversight of stablecoin issuance and operations, requiring issuers to hold sufficient reserve assets; third, extending traditional financial market anti-manipulation and anti-insider trading rules to crypto asset markets. ...

Strategy, the company led by Michael Saylor, has adopted a new capital management framework authorizing up to $2 billion in share buybacks and creating a bitcoin monetization program to support liquidity.

The European Securities and Markets Authority has called on unauthorized crypto-asset service providers to wind down operations as the MiCA transitional period ends on July 1, marking a critical enforcement milestone for the world’s first comprehensive crypto regulatory framework.

Summary U.S.-listed Bitcoin spot ETFs have experienced record fund outflows in June, with investors withdrawing over $4 billion cumulatively, the highest monthly outflow since the products were approved in January 2024. Meanwhile, Bitcoin has fallen below the $60,000 mark, down nearly 7% for the week, indicating that institutional risk appetite for crypto assets is cooling significantly. Details According to CoinDesk, as of June 29, net outflows from the eleven U.S. Bitcoin spot ETFs have reached $4 billion this month, with Grayscale GBTC contributing the largest share. This figure breaks the previous outflow record set in March, suggesting institutional withdrawal is accelerating. ...

Summary The Bank for International Settlements argued in its annual report that stablecoins still fall short of money on singleness, elasticity, and integrity, warning of currency substitution risks in emerging markets. Details According to The Block, the report — regarded as a bellwether for global central banks — notes that while stablecoins have achieved significant growth in payments and transfers, their underlying mechanisms are insufficient to guarantee absolute value stability. The report specifically flagged the rapid penetration of stablecoins in emerging market economies, warning this could undermine local central banks’ monetary policy transmission. ...

BlackRock-backed tokenization specialist Securitize aims to raise $400 million through a SPAC merger, with plans to begin trading on the NYSE next week pending shareholder approval. Editor: GoodInfo Global News Team

The world’s largest crypto exchange Binance notified EU users of partial service suspension after failing to secure MiCA compliance license, marking a major clash between crypto industry and EU regulation.