ChainCatcher News, U.S. SEC Chairman Gary Gensler recently spoke at a fintech conference in Las Vegas, reiterating his commitment to continue working at the SEC during his tenure and defending its enforcement measures. With the November 5 elections approaching, he acknowledged the political pressure, particularly from the cryptocurrency industry, stating, "Democracy has consequences, but we will continue to do what we do best at the SEC until the referee blows the whistle."As the elections draw near, both the Republican and Democratic parties have expressed dissatisfaction with Gensler. Trump vowed to fire him on his first day in office, and some cryptocurrency industry figures supporting Vice President Harris have also indicated their support for his removal under a potential new administration.

ChainCatcher news shows that the total assets managed by virtual asset ETFs in Hong Kong have surpassed 300 million USD, bringing new growth opportunities to the financial market. Since their listing, the total daily trading volume of six virtual asset ETFs has reached as high as 20 million HKD.In addition, Jiang Zhaosheng, a senior researcher at OKLink Research Institute, analyzed that over the past year, the development of virtual assets and Web3 in Hong Kong has been rapid. From VATP, HKD stablecoins, VAOTC, tokenization and RWA, to virtual asset spot ETFs, there has been a continuous search for development models suitable for local characteristics. In terms of stablecoins, Hong Kong has chosen regulatory measures that differ from those of Singapore and Japan, opting to regulate them through the introduction of a new license rather than incorporating them into the payment system, which represents an innovation at the regulatory level.

ChainCatcher news, the Argentine government is preparing to regulate cryptocurrency service providers through an executive order. The measure aims to keep Argentina off the Financial Action Task Force (FATF) gray list and place cryptocurrency lending institutions under the supervision of local securities regulators.According to the new decree, all cryptocurrency service providers must register with the national cryptocurrency regulatory agency and operate under a license provided by that organization, even if they are not located in Argentina. Additionally, these institutions must provide information to the national intelligence agency to comply with anti-money laundering laws, forcing cryptocurrency service providers to issue risk reports and report suspicious activities.The executive order is set to be published before March 6, when the FATF will visit Argentina to assess the anti-money laundering measures implemented since their last visit.

ChainCatcher news, according to the recent "Global Crypto Regulation Report 2023" published by PwC, in 2023, up to 25 countries/regions have developed legislation or regulatory measures related to stablecoins. According to PwC's analysis and regulatory assessment, these countries/regions include Austria, the Bahamas, Denmark, Estonia, Finland, France, Germany, Greece, Japan, Luxembourg, Portugal, Spain, Sweden, Switzerland, and others.

ChainCatcher news, according to Hong Kong's Sing Tao Daily, the Chief Executive of the Hong Kong Special Administrative Region, John Lee, expressed his concern on September 21 during a speech at a reception celebrating the 74th anniversary of the founding of the People's Republic of China and the 26th anniversary of the return of Hong Kong to China. He mentioned a fraud case involving a virtual asset trading platform that has not obtained a license. He believes that investor education is very important, and the financial services sector must clearly inform investors of the risks when recommending any investment projects. This incident highlights the importance of investing in licensed and regulated virtual asset trading platforms; otherwise, investors find it difficult to obtain protection. He stated that the SAR government's policy is to implement an effective regulatory system to protect investors; to ensure that relevant information is disclosed transparently; and to emphasize and promote investor education.In addition, Legislative Council member Lee Wai-hung stated during his speech that the JPEX incident proves that establishing a sound licensing system for virtual assets in Hong Kong is the right move. He urged the public to use licensed institutions and reputable companies, and not to easily trust unlicensed so-called internet celebrities or investment experts. He reminded the public that no investment product offers extremely high returns with no risk at all.The virtual asset trading platform JPEX has recently been named by the Hong Kong Securities and Futures Commission as operating without a license. According to Hong Kong media reports, the police have arrested 11 people in connection with the case, involving an amount of approximately HKD 1.3 billion (about RMB 1.195 billion).

ChainCatcher news, Ian Woolford, the head of currency and cash at the Reserve Bank of New Zealand (RBNZ), stated in a statement that the central bank agrees that there is currently no need for regulatory measures, but vigilance is required. Woolford noted that the public submission document indicates that cryptocurrencies pose "significant risks and opportunities," as well as "uncertainties" in the development of the industry, thus requiring extra attention: "We agree that caution is necessary, which also emphasizes the need to strengthen data and monitoring to build understanding."Additionally, Woolford added that global coordination is crucial for ensuring effective regulation. As overseas systems are implemented, best practices may become clearer. (Source link)

ChainCatcher news, according to documents released by the Bahamas Securities Commission, the Bahamas plans to introduce a new cryptocurrency bill that includes regulatory measures for stablecoins, PoW mining, and cryptocurrency collateralized lending.The document also states that operators of digital asset exchanges must ensure that the systems and controls used in their activities are adequate and appropriate for the scale and nature of their business. (Source link)

ChainCatcher news, when asked about the bankruptcy of the cryptocurrency exchange FTX, Bank of Japan Governor Haruhiko Kuroda stated that regulatory measures must be taken swiftly to address the risks of crypto assets. ( Jin10）