ChainCatcher news, stablecoin issuer Circle recently submitted a response to the European Insurance and Occupational Pensions Authority (EIOPA) regarding the technical consultation on standard formula capital requirements for crypto asset investments.Circle advocates for a more nuanced risk assessment approach for tokenized assets such as electronic money tokens (EMTs), believing that their risks are significantly lower than those of other crypto assets.Circle emphasizes that EIOPA's recommendations should align with existing regulatory frameworks (such as the Capital Requirements Regulation, CRR) to ensure that capital requirements for crypto assets are both robust and conducive to innovation. Circle is committed to continuing collaboration with global regulators to promote the safe and inclusive development of digital finance.

ChainCatcher News, the Web3 Working Group of the Liberal Democratic Party of Japan's Digital Society Promotion Headquarters held its second study session, focusing on the review of regulations related to crypto assets (virtual currencies).The meeting discussed the different regulatory approaches to crypto assets compared to traditional securities and explored the direction for future regulatory revisions. Participants believed that, in addition to investor protection, it is necessary to consider the coordination with overseas regulations and the smoothness of transactions, suggesting further improvements to disclosure regulations, market access, and conduct standards.In addition, some experts pointed out that the existing regulatory framework should be abandoned, and more detailed regulatory discussions should be conducted based on the characteristics of crypto assets.

ChainCatcher news, Zhou Xiaochuan, Vice Chairman of the Boao Forum for Asia and former Governor of the People's Bank of China, delivered a New Year outlook, pointing out that the world will face four major changes by 2025: the international environment will remain turbulent, uncertainty in global economic recovery will increase, rapid development of AI technology will bring both opportunities and challenges, and the climate change crisis will intensify. He also emphasized three unchanging trends: the continuous strengthening of global South countries, Asia's promotion of inclusive economic globalization, and China's deepening of reform and opening up.Zhou Xiaochuan mentioned that global public debt is about to exceed $100 trillion, which will increase the external financing costs and exchange rate depreciation pressures for emerging markets and developing countries, posing challenges to the fiscal sustainability of developed countries. The impact of digital encrypted assets on global financial stability and security needs to be monitored.

ChainCatcher news, according to Cointelegraph, KuCoin has launched a peer-to-peer payment system called KuCoin Pay, allowing users to pay merchants directly from their exchange account balances. The tool supports payments in 54 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC).

ChainCatcher news, according to Coinpost, the Japanese government has officially responded to the inquiry by Senator Akira Hamada regarding "the promotion of Bitcoin reserves by the United States and other countries." Hamada previously stated on December 11 that "Japan should follow the example of the United States and other countries and consider converting part of its foreign exchange reserves into Bitcoin and other crypto assets."In response, the Japanese government stated that it has not yet fully grasped the relevant movements of the United States and other countries, believing that discussions in other countries about introducing Bitcoin reserves are still ongoing, and "the government finds it difficult to take a position on specific situations." According to the legal framework of special accounting operations, "crypto assets do not fall under foreign exchange," and the current foreign exchange reserves aim to maintain the stability of foreign currency assets and foreign currency bond markets.The defense document repeatedly emphasizes that special accounting operations will prioritize ensuring the safety and liquidity of foreign exchange reserves, implying that the volatility of crypto assets like Bitcoin does not align with the current system.

ChainCatcher news, according to Coinpost, the Japanese government has made an official response to Senator Akira Hamada's inquiry regarding "the promotion of Bitcoin reserves by the United States and other countries." Akira Hamada previously suggested on December 11 that "Japan should follow the example of the United States and other countries and consider converting part of its foreign exchange reserves into Bitcoin and other crypto assets."In response, the Japanese government stated that it has not yet fully grasped the relevant movements of the United States and other countries, believing that discussions in other countries about introducing Bitcoin reserves are still ongoing, and "the government finds it difficult to take a position on specific situations." According to the legal framework governing special accounting operations, "crypto assets do not fall under foreign exchange," and the current foreign exchange reserves aim to maintain the stability of foreign currency assets and foreign currency bond markets.The response document repeatedly emphasizes that ensuring the safety and liquidity of foreign exchange reserves is the top priority of special accounting operations, implying that the volatility of Bitcoin and other crypto assets is not compatible with the current system.

ChainCatcher news, the Philippine Securities and Exchange Commission (SEC) has introduced comprehensive regulations for cryptocurrency asset management, covering disclosure, public offerings, trading, and marketing activities. These regulations aim to enhance investor protection and promote transparency in the burgeoning digital asset market.According to the new guidelines, cryptocurrency asset issuers must submit disclosure documents to the SEC at least 30 days prior to any marketing activities or public sales. This document must detail the provider of the cryptocurrency asset, the issuer, key features, risks, and underlying technology, as well as clearly state potential risks, including value loss and limited transferability.Cryptocurrency assets classified as securities must obtain a registration statement approved by the SEC before public offering. Entities issuing or trading cryptocurrency assets must comply with anti-money laundering (AML) laws and SEC reporting requirements. It emphasizes that non-compliance may result in fines, suspension, or revocation of licenses. (Crowdfund Insider)

ChainCatcher news, Spartan Group analysis indicates that in the 2024 U.S. presidential election, Trump not only won the election with an overwhelming advantage, but the Republican Party also took control of both the Senate and the House of Representatives. This victory provides significant leverage for driving policy changes, and it is expected to be very favorable for the crypto industry in the next 12 months.The article points out that the difference in this election lies in the importance of the crypto agenda. Trump and his core advisors are crypto-friendly, and crypto companies provided substantial support during the election. Additionally, Trump expressed a desire for the U.S. to become a global crypto hub. Currently, the U.S. is a leader in crypto infrastructure, mining, and trading, but the new government's policies may further solidify this position.Historical data shows that the 12 months following a U.S. election are typically a strong performance period for crypto assets. The clarity of policies resulting from the election and the overlapping effects of the BTC halving cycle may shift market sentiment towards risk appetite, particularly benefiting the performance of small and medium-sized tokens. Spartan Group believes that as the "altcoin season" approaches, the crypto market will see more upward potential in the coming year.