ChainCatcher news, Messari founder Ryan Selkis tweeted that the crypto banking business has effectively shut down in less than a week. The message from Washington is clear: banking does not welcome cryptocurrency. From now on, the crypto industry should fully protect and promote USDC. (source link)

ChainCatcher news, PwC has released a report on global cryptocurrency regulation, stating that there are 11 countries that support the legality of cryptocurrencies, namely the United States, the European Union, Canada, Australia, France, Denmark, Germany, Japan, Switzerland, Spain, and the United Kingdom.In addition, the report also identifies several countries that do not allow the use of cryptocurrencies. Countries that absolutely prohibit cryptocurrencies include Qatar, Saudi Arabia, and China. Countries with implicit bans include Cameroon, the Central African Republic, Gabon, Guyana, Lesotho, Libya, and Zimbabwe. (Source link)

ChainCatcher news, the Bank for International Settlements (BIS) regulatory head (GHOS) has approved a global prudential regulatory standard for banks' exposure to crypto assets, which will allow a 2% crypto reserve exposure between banks. The standard, developed by the Basel Committee on Banking Supervision, will be fully implemented on January 1, 2025.The BIS stated that unsecured crypto assets and stablecoins with ineffective stabilization mechanisms will be treated conservatively. This standard will provide a robust and prudent global regulatory framework for internationally active banks' exposure to crypto assets, promoting responsible innovation while maintaining financial stability. (source link)

ChainCatcher news, Germany's top regulatory authority has called for global regulation of the cryptocurrency industry this week to protect consumers, prevent money laundering, and maintain financial stability.Mark Branson, the chairman of the Federal Financial Supervisory Authority (BaFin), stated that a hands-off approach "will only allow the industry to develop into a playground for adults." (source link)