ChainCatcher news, the Federal Reserve announced on Thursday the withdrawal of regulatory guidance regarding banks' cryptocurrency assets and dollar token businesses, and simultaneously updated the relevant business expectation standards. This move aims to ensure that regulatory requirements keep pace with the evolution of risks and further support innovation in the banking system.The announcement shows that the Federal Reserve has officially abolished the regulatory letter issued in 2022, which previously required state member banks to report in advance on proposed or existing cryptocurrency asset businesses. After the withdrawal, the Federal Reserve will no longer require banks to fulfill reporting obligations, instead opting to monitor related activities through regular regulatory procedures. Also abolished is the 2023 guidance document regarding the "no objection" procedure for state member banks participating in dollar token businesses.In addition, the Federal Reserve and the Federal Deposit Insurance Corporation jointly decided to withdraw two policy statements regarding banks' cryptocurrency asset businesses and risk exposures, which were jointly issued by federal banking regulators in 2023. The Office of the Comptroller of the Currency had previously withdrawn from that statement. The Federal Reserve stated that it will collaborate with other regulatory agencies in the future to assess whether new guidance frameworks are needed to support innovation, including cryptocurrency asset businesses.

ChainCatcher news, according to CoinGape, Binance has begun requiring all Indian users to re-verify their identities (KYC) to comply with anti-money laundering (AML) regulations.

According to ChainCatcher, as reported by The Block, Bank of America is actively lobbying for regulations on stablecoin issuance that favor banks rather than tech companies. Currently, there is a high-stakes power struggle between traditional banks, tech giants, and cryptocurrency companies like Tether.According to insiders, Bank of America is primarily lobbying lawmakers through industry organizations such as the Bank Policy Institute and the American Bankers Association to establish rules that benefit mature banks in issuing stablecoins, while restricting large tech companies (non-banks) like Amazon and Meta from issuing dollar-backed crypto tokens.

ChainCatcher news, according to Decrypt, after the Hong Kong Securities and Futures Commission (SFC) passed the new regulation "allowing licensed institutions to provide staking services," the Ethereum staking ETF launched by Huaxia Fund (Hong Kong) in collaboration with OSL Digital Securities has been approved and is set to be listed by May 15 at the latest. This Ethereum staking ETF operates through the custody of the licensed platform OSL and the node verification by the French staking service provider Kiln, allowing investors to indirectly earn staking rewards from Ethereum.Last month, the Hong Kong Securities and Futures Commission (SFC) released the "ASPIRe" roadmap, which clearly outlines five pillars—Access, Safeguards, Products, Infrastructure, and Relationships—aiming to build a complete virtual asset ecosystem. Hong Kong's first Ethereum staking ETF is scheduled to launch on April 25, with the Hong Kong government approving two staking-type crypto ETFs within three months, indicating that the regulatory framework is gradually becoming internationally competitive.

ChainCatcher news, according to the Daily News, the Financial Services Commission (FSC) of South Korea has reiterated its commitment to the smooth and timely development of a regulatory framework for stablecoins. Previously, the South Korean government announced plans to review the second phase of legislation for its broader virtual asset framework, with stablecoin regulation listed as a top priority.The FSC confirmed that it will adhere to the original timeline, aiming to draft specific content for the second phase of regulation in the second half of this year. A dedicated working group composed of relevant government agencies will be responsible for organizing this process. The commission also stated that, in light of recent market volatility, it will enhance monitoring of the broader virtual asset market, including stablecoins. These efforts aim to strengthen protection for cryptocurrency users.

ChainCatcher news, Federal Reserve Chairman Powell: A "partial easing" of cryptocurrency-related bank regulations is expected.

ChainCatcher news, according to sources cited by The Wall Street Journal, Binance executives met with officials from the U.S. Treasury Department last month to discuss easing government regulations on the company. Meanwhile, Binance is exploring the possibility of a business partnership with the Trump family's cryptocurrency project. Some insiders have indicated that Binance executives proposed to Treasury officials in Washington the removal of the independent monitor position overseeing the company's anti-money laundering compliance. This move would be the first step for Binance to return to the U.S. market.

ChainCatcher news, according to Fortune magazine, the U.S. Department of Justice notified employees on Monday evening that it is disbanding a department specifically responsible for cryptocurrency-related investigations. In a four-page memo reviewed by Fortune, Deputy Attorney General Todd Blanche announced the decision, stating, "The Department of Justice is not a digital asset regulatory agency. However, the previous administration used the Department to implement a reckless regulatory strategy through prosecutions."Blanche is the second-in-command at the Department of Justice and was a defense attorney during Trump's 2024 criminal trial. He wrote that as part of the Department's efforts to comply with Trump's January executive order on digital assets, the National Cryptocurrency Enforcement Team (NCET) is being "immediately" disbanded, with the order aimed at "establishing regulatory clarity for the industry." As part of the memo on Monday, Blanche instructed DOJ employees to focus on "prosecuting those who harm digital asset investors," rather than pursuing cases against cryptocurrency exchanges, mixers like "Tornado Cash," and "offline wallets."

ChainCatcher news, according to CoinDesk, the issuer of the stablecoin USDT, Tether, may launch a new token specifically for the United States. Tether CEO Paolo Ardoino stated in an interview that the company has been involved in discussions regarding U.S. stablecoin regulations and may create a token solely for the U.S., depending on the progress of these discussions. Paolo Ardoino mentioned that the Trump administration viewed stablecoins as "an important tool for America," and if new rules are introduced to make U.S. stablecoins competitive, Tether may be interested in creating a "domestic" stablecoin, which would essentially be a "settlement currency."

ChainCatcher news, according to Finance Feeds, the Securities and Exchange Commission (SEC) of Thailand has officially filed a complaint against the cryptocurrency exchange OKX, accusing it of violating the country's digital asset regulations.The lawsuit states that OKX conducted digital asset business in Thailand without obtaining the necessary licenses, violating the provisions of the 2018 Digital Asset Business Act. The Thai SEC indicated that OKX failed to implement adequate investor protection measures, including inadequate customer identification (KYC) and anti-money laundering (AML) protocols, and also failed to fulfill mandatory regulatory reporting obligations.Reports suggest that if the violation allegations are confirmed, OKX may face fines, trading restrictions, or even a complete ban on operations in Thailand.

ChainCatcher news, according to Cointelegraph, since 2020, 47 countries around the world have relaxed or simplified regulations on cryptocurrencies, while 4 countries have tightened restrictions, even completely banning cryptocurrencies and mining.

ChainCatcher news, according to Decrypt, the government led by Australian Prime Minister Anthony Albanese has proposed a new regulatory framework for digital assets, aimed at enhancing industry certainty, strengthening consumer protection, and ensuring market integrity. The reforms require major crypto platforms to apply for an Australian financial services license, while small non-financial service businesses may be exempt.The policy document released by the Australian Treasury, titled "Developing an Innovative Australian Digital Asset Industry," states that the new regulations will cover exchanges, custodians, specific brokerage platforms, and stablecoin issuers, enhancing consistency with international standards and boosting the global competitiveness of the industry. Companies involved in the development of digital assets for non-financial purposes, software development, and infrastructure maintenance are not within the regulatory scope.The government is also paying attention to the trend of "de-banking" among financial institutions, stating that the new licensing mechanism is expected to improve risk management and transparency, reduce banks' service restrictions on the crypto industry, and is in communication with major banks regarding response measures.

ChainCatcher message, David Sacks responded on the X platform to previous reports about his sale of crypto assets, stating that he did not "dump" crypto assets, but rather divested them in accordance with government ethics regulations, emphasizing that he had hoped to retain these assets but was required by policy to carry out the operation. He added that it is his honor to serve President Trump and the American people.

ChainCatcher news, according to CoinDesk, Ark Invest CEO Cathie Wood hopes to put part of the company's funds on-chain as soon as the U.S. regulatory environment allows. Wood stated at the New York Digital Assets Summit on Tuesday: "We believe tokenization will be very important, and we hope to be able to tokenize our Venture Fund (ARKVX) or our Digital Asset Revolution Fund. I think regulation is gradually opening up, which will enable us to do this. Therefore, we want to seize this opportunity."Ark Invest's main holding company, Coinbase, is also exploring the issuance of security tokens, but lacks specific plans due to ongoing discussions with the U.S. Securities and Exchange Commission (SEC). Despite expectations that the market size could grow to trillions by 2030, regulatory uncertainty continues to hinder the tokenization process in the U.S.

ChainCatcher news, according to Cointelegraph, the Argentine National Securities Commission (CNV) has finalized regulatory rules for Virtual Asset Service Providers (VASP).The new regulations cover registration obligations, cybersecurity, asset custody, anti-money laundering, and risk disclosure, requiring mandatory separation of company and client funds, annual audits, and monthly reports to the CNV. Starting in 2024, VASPs operating in Argentina must register with the Virtual Asset Service Provider Registry (PSAV), and violators may have their registration revoked.CNV Chairman Roberto E. Silva stated that institutions failing to comply with the regulations will not be able to operate in Argentina.

ChainCatcher news, according to Cointelegraph, Turkey is advancing cryptocurrency regulation, formulating new rules for crypto asset service providers (CASPs).The Turkish Capital Markets Board (CMB) today released two regulatory documents regarding CASP licensing and operations, covering crypto trading platforms, custodians, and wallet service providers. This regulatory framework grants the CMB comprehensive oversight of crypto platforms to ensure compliance with domestic and international standards.Additionally, the framework sets the standards and requirements for establishing and providing crypto asset services in Turkey, including registered capital, management background, shareholder rules, and more.

ChainCatcher news, according to Cointelegraph, U.S. lawmakers are set to engage in a heated debate over stablecoin regulation, with major industry leaders expected to outline their vision for the future of digital asset regulation.Charles Cascarilla, co-founder and CEO of stablecoin issuer Paxos, plans to testify before the House Financial Services Committee, urging lawmakers to establish "cross-jurisdictional reciprocity" in stablecoin regulation.In prepared testimony, Cascarilla expressed concerns about the existing barriers to the adoption of Paxos' stablecoin USDG, as it is issued through a regulated subsidiary in Singapore.The Paxos CEO wrote in his remarks: "We are concerned that products like the Paxos Global Dollar Stablecoin, issued by a regulated subsidiary in Singapore, will be caught in a bind when decisions are made across departments and agencies."Cascarilla suggested that U.S. lawmakers strengthen the current "international reciprocity provisions," including clearly defining and expediting the timeline for the U.S. Treasury to designate overseas jurisdictions for stablecoin regulation. The executive stated: "This timeline will force swift action to prevent bureaucratic delays while ensuring a thorough review of foreign regulatory regimes."

ChainCatcher news, the JD recruitment official website shows that the company is hiring a stablecoin policy researcher. The position requires candidates to have a strong financial background and policy research capabilities.Job responsibilities include researching domestic and international stablecoin policies and regulations, communicating and coordinating with regulatory agencies, providing policy support to internal teams, and analyzing stablecoin market trends.

ChainCatcher news, according to the Korea Economic TV, the Financial Intelligence Unit (FIU) under the Financial Services Commission of Korea held a "Anti-Money Laundering Trustee Meeting" to discuss regulatory plans against new types of money laundering methods such as virtual asset trading.The FIU will focus on cracking down on money laundering activities using virtual accounts and simple remittances, conducting special operations once a month to analyze suspicious transactions related to crimes such as voice phishing, pyramid schemes, and gambling targeting vulnerable groups. The Financial Supervisory Service stated that it will strengthen inspections of companies with insufficient implementation of anti-money laundering systems and promote cooperation between consumer protection departments and anti-money laundering departments.

ChainCatcher message, U.S. crypto-friendly Senator Cynthia Lummis stated while sharing the news "The White House will support CRA to overturn DeFi broker rules," that "The IRS's regulations on DeFi fundamentally misunderstand how decentralized technology operates.Wyoming has been at the forefront of responsible digital asset regulation, and I have witnessed firsthand how regulatory clarity—rather than overregulation—can foster innovation. These tough federal regulations could push U.S. crypto entrepreneurs overseas when we should be nurturing this industry domestically. I am honored to join Senator Ted Cruz in overturning this attack on the crypto community."