framework

The Governor of the People's Bank of China, Pan Gongsheng, reported to the Standing Committee of the National People's Congress on the financial work situation since October 2025 at the 25th meeting of the 14th National People's Congress Standing Committee, entrusted by the State Council. It was pointed out that the positioning of the digital renminbi has smoothly transitioned from cash to deposit currency.In terms of preventing and resolving financial risk hidden dangers, a new round of crackdown on illegal and criminal activities in the financial sector related to "black and gray industries" has been launched, completing a nationwide special action against illegal fundraising. The regulatory policy framework for virtual currencies has been improved, strengthening the analysis of clues related to underground money laundering involving virtual currencies, and establishing a normalized mechanism for the rectification of the entire chain of virtual currency "mining." Strengthening the regulation of real-world asset (RWA) tokenization.

Crypto journalist Eleanor Terrett posted on the X platform that former House Financial Services Committee Chairman Patrick McHenry stated that the cryptocurrency industry missed the best opportunity to promote market structure legislation and establish a regulatory framework; he also admitted that he bears some responsibility for this.

Chainlink stated that Apex, T-REX, and the ERC3643 Association have implemented a compliance framework to align on-chain bonds with the Swift standard.

The Office of the Comptroller of the Currency in the United States has issued a regulatory framework for banks using artificial intelligence.

On November 3, Veda, an on-chain treasury infrastructure provider, announced that Veda, Aave Labs, and Kamino Foundation released a public summary of a legal framework discussing how U.S. federal securities laws apply to decentralized lending protocols and non-custodial treasuries. Veda stated that the framework addresses how securities laws should apply when financial activities traditionally performed by intermediaries are executed by smart contracts, and ownership, control, and decision-making are decentralized among different participants. The three parties submitted a more detailed version to the U.S. Securities and Exchange Commission (SEC) on October 26 and requested to communicate with the commission's staff. Aave Labs clarified that the detailed version was submitted to the SEC's crypto working group and corporate finance department, and requested a meeting with the staff, with the complete submitted documents remaining confidential.Veda stated: Securities regulation should follow the rights, obligations, and powers that are actually formed by arrangements, including who owns the assets, who bears the obligations, who exercises the authority, and whose economic outcomes are affected. Common infrastructure, receipt tokens, or discretionary service providers cannot unilaterally decide the above issues. The document analyzes against the Howey investment contract standard, Reves note standard, the Investment Company Act of 1940, and the Investment Advisers Act of 1940, and concludes that the analyzed agreements and treasury arrangements do not constitute investment contracts or notes, and the described treasury does not constitute an investment company, nor does the discretionary investment compensation necessarily constitute custody of client assets.Veda also stated that these conclusions depend on the specific structure, contractual arrangements, and distribution of rights and powers described in the document; if the ownership structure, repayment commitments, discretionary powers, or redemption restrictions differ, the legal analysis may also change. This submission did not request the SEC to establish exemptions, safe harbors, or specialized regulatory regimes for decentralized finance, but rather to apply existing securities laws and ask the commission to confirm that the law has distinguished between activities such as issuance, investment management, and custody. The blog post noted that the content is for informational reference only and does not constitute legal advice, and the SEC has not endorsed the conclusions of the document. According to publicly available information from RootData and Veda, Veda was established in 2024 and completed an $18 million financing round led by CoinFund in June 2025.

The Chief Executive Officer of the Hong Kong Securities and Futures Commission, Ashley Alder, stated at the Hong Kong FinTech Week 2026 that the Hong Kong Securities and Futures Commission plans to establish a cybersecurity framework for licensed institutions and impose higher requirements on higher-risk institutions to enhance their ability to withstand AI-driven cyber threats.Alder also mentioned that Hong Kong institutions are at the forefront of tokenization, and tokenization must bring substantial economic benefits to the market in order to achieve scalable development.

According to the official website of the French Senate, the French Senate passed Bill No. 21 on October 27, 2026, in a first reading under an accelerated procedure, authorizing the approval of two multilateral documents related to the automatic exchange of tax information:The first is a multilateral agreement on the automatic exchange of information regarding the reporting framework for crypto assets (CARF) between competent authorities, and the second is a supplementary document to the multilateral agreement on the automatic exchange of financial account information (CRS). Both documents were signed on November 26, 2024, in Asunción, Paraguay, with the specific text found in the annex of Bill No. 921 (2025-2026 fiscal year).

According to market news, voice AI company Deepgram has acquired the developer of the open-source voice AI infrastructure framework Pipecat, Daily. The parties did not disclose the transaction amount and promised to continue maintaining Pipecat as open-source and vendor-neutral.Pipecat can manage voice and video streams and integrates speech-to-text (STT), large language models (LLM), and text-to-speech (TTS) to reduce real-time interaction latency.

According to CoinDesk, Google has announced a crypto asset custody security product called Google Multi-Party Compute (MPC) aimed at banks and other financial institutions. This product is currently in private preview, with several large financial institutions participating in testing, and it is planned to be commercially available in early 2027.The system decentralizes control of private keys across multiple independent systems, reducing the risk of single-point theft through collaborative signing. Google's parent company Alphabet has used this technology to protect its digital assets on Ethereum and Solana, but the specific types of assets and the list of financial institutions participating in the testing have not been disclosed.

According to news from Zhiyuan AGIBOT, Zhiyuan has officially launched the embodied Agent framework Genie Master, allowing robots to "unlock new skills while on the job."Genie Master enables robots to achieve autonomous improvement after deployment, continuously enhancing their capabilities in real operations, thereby laying the foundation for cross-scenario replication and scalable applications.

a16z recently submitted a public comment letter to the U.S. Commodity Futures Trading Commission (CFTC) in response to the CFTC's request for comments on the listing of computing power derivative contracts, expressing support for establishing a regulated computing power derivatives market in the United States. The related derivatives would help AI startups and cloud service providers hedge against computing power price, utilization, and duration risks, and reduce the financing costs of AI infrastructure.a16z stated that the CFTC does not need new statutory authority, as the Commodity Exchange Act (CEA), Part 38 core principles, and Part 40 self-certification process are sufficient, and no new rules are needed prior to listing. The letter suggested that the CFTC rely on the existing regulatory framework to support the adoption of computing power price benchmarks that comply with the principles of the International Organization of Securities Commissions (IOSCO), and allow exchanges to launch cash-settled computing power futures, including fixed-term futures and perpetual contracts.a16z crypto is an investor in Ornn, and ICE announced in May plans to launch GPU computing power futures based on the Ornn Computing Power Price Index (OCPI).

According to official news from Bitget, the platform announced an upgrade to its RWA strategy, further expanding its tokenized stock business from asset trading access to institutional-level liquidity infrastructure construction. This upgrade introduces the Super Match Engine, breaking through the traditional single model of direct connection to brokers, adopting an internal matching priority mechanism, and providing market makers with lower latency trade execution, clearer liquidity distribution, and more efficient capital utilization through exclusive quoting channels and layered depth market data. At the same time, Super Match supports differentiated order processing and market services to meet the diverse trading and operational needs of institutional traders.Previously, Bitget launched the rToken US stock transfer function on October 13, supporting over 3,000 US stocks and ETFs. Users can transfer eligible stock assets from traditional brokerage accounts to Bitget, and once the stocks are credited, they will be automatically converted into US stock spot rTokens based on the corresponding number of shares. On this basis, relying on the Super Match framework, the efficiency of US stock trading will be continuously enhanced.Bitget CEO Gracy Chen stated that the next phase of tokenized asset development is crucial for bridging the asset and liquidity channels between traditional finance and the digital asset market. Bitget will continue to improve cross-market trading infrastructure, promote the application of rToken in scenarios such as spot trading, lending, margin, and asset management, enhance asset liquidity and capital efficiency, and deepen the strategic layout of the panoramic exchange (UEX).

The Digital Currency Renminbi Operation Management Center interprets the recently released core results of the central bank's digital renminbi system DCEPS and the digital renminbi smart contract ecological service framework e-CNY SMART Contract. DCEPS is a comprehensive payment and settlement platform that integrates issuance management, retail, wholesale, blockchain payment, and smart contract services, providing a technical foundation to support digital currency.e-CNY SMART Contract is designed to meet the needs of digital economic development, constructing a smart contract service system that involves multiple participants and open collaboration, which has already been implemented in scenarios such as prepaid fund management, supply chain finance, fiscal subsidies, consumer red envelopes, and wage distribution for migrant workers. The digital renminbi has been upgraded from cash-type 1.0 to deposit currency-type 2.0 as of January 1, 2026, with DCEPS and the digital currency cross-border settlement comprehensive service platform being built and operated by the Digital Currency Renminbi Operation Management Center and the International Operation Center, respectively.

Bitcoin News posted on platform X, stating that as the Clarity Act is stalled, regulators are independently formulating rules for the digital asset market based on existing authorities. The Commodity Futures Trading Commission has solicited opinions on a framework for retail digital asset trading, which includes a new category of "crypto asset market" exchanges, with the comment period ending on December 14.The comment period for the Securities and Exchange Commission's proposed Regulation Crypto Assets will close on October 20. The pace at which regulators are crafting rules is faster than congressional legislation, but the relevant rules may face challenges in court or be rescinded by future commissions; a lasting regulatory framework still requires legislation.

DeepSeek announced the full open-source of its internal inference framework DeepInfer, and simultaneously open-sourced the production-level token encoding and decoding component deepseek-recipe. DeepInfer integrates high-performance operators and a deeply optimized inference engine, supporting distributed inference, speculative decoding, SWA Bounded Replay, and structured output, compatible with NVIDIA and Huawei Ascend platforms.DeepSeek stated that it has implemented high throughput and low latency large-scale inference services for DeepSeek V4.1 Flash based on DeepInfer, and future inference code and optimizations for new models will continue to be updated here. deepseek-recipe is fully aligned with the processing logic of the DeepSeek official API, aiming to ensure that the community receives an experience consistent with the official deployment. The open-source repository and technical report have been released simultaneously.