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U.S. SEC Policy Statement: Staking Activities of Three Types of PoS Networks Do Not Constitute Securities Offerings

ChainCatcher news, according to the official website, the U.S. Securities and Exchange Commission (SEC) has released a policy statement regarding PoS network staking activities, clarifying that three types of staking activities do not constitute securities issuance: 1) Self-staking (node operators using their own crypto assets to participate in network validation); 2) Third-party non-custodial staking (asset owners retain control, only delegating validation rights); 3) Compliant custodial staking (custodians strictly segregate client assets, not used for operations or re-hypothecation).The statement points out that the network rewards obtained from the above staking activities are considered compensation for validation services, rather than investment returns based on the efforts of others in managing and operating, and therefore do not meet the securities definition standards of the Howey test. It also clarifies that four types of supporting services (penalty insurance, early unbonding, reward restructuring, asset aggregation) do not change the nature of staking. This policy does not apply to staking services that provide fixed returns or engage in trading using client assets.The SEC emphasizes that custodial institutions must ensure that staking assets: 1) are independent of operating funds; 2) are prohibited from being lent or re-hypothecated; 3) are not subject to third-party claims. This policy aims to provide regulatory certainty for compliant staking activities while maintaining enforcement authority over security tokens.

Guatemala's largest bank, Banco Industrial, integrates the blockchain payment protocol SukuPay, supporting instant cross-border remittances

ChainCatcher news, according to Cointelegraph, Guatemala's largest commercial bank, Banco Industrial, announced the integration of blockchain infrastructure service provider SukuPay into its mobile banking app Zigi. Users can instantly receive remittances from the United States for a fixed fee of $0.99, without the need to hold a crypto wallet or an international bank account (IBAN). SukuPay stated that this collaboration marks the first adoption of a native crypto protocol by a large retail bank in Latin America.Banco Industrial was established in 1968 and has over 1,600 service points in Guatemala, with assets reaching 1.5 billion quetzals (approximately $20 million) in 2023. Its operations extend to regions such as Honduras, Panama, and El Salvador. The bank holds a significant position in the local remittance market, while cross-border remittances are a key pillar of the Latin American economy—total remittances to Latin America and the Caribbean are expected to reach $161 billion in 2024, but traditional channel fees range from 6% to 10%.SukuPay CEO Yonathan Lapchik pointed out that Guatemala receives $21 billion in remittances annually, and blockchain technology can reduce settlement times from days to instant while alleviating cost pressures. He stated, "The key to achieving large-scale adoption of blockchain is to make the technology invisible to users," emphasizing that stablecoins are a core tool for optimizing cross-border payment efficiency.According to Chainalysis's 2024 report, Latin America is the second-fastest region in the world for cryptocurrency adoption, but Guatemala lags behind neighboring countries like Argentina and Brazil. Currently, over 90% of crypto transactions in the region involve stablecoins, which are better suited for everyday payment scenarios due to their peg to fiat currencies.
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