Last week brought several landmark events to the crypto industry, reflecting both the growth of the sector and the tightening of regulation.
China
- The PRC Banking Regulatory Commission has unofficially instructed brokers in Hong Kong to suspend business in the field of RWA (tokenized real assets).
- The decision was explained by the need to control risks and verify the real business basis of projects.
- Contrast: mainland China maintains a strict ban on cryptocurrency trading, while Hong Kong, on the contrary, positions itself as a hub for digital assets.
South Korea
- Between January and August, 36,684 suspicious crypto transactions were recorded — more than in 2023-2024 combined.
- 90% of violations are related to “hwangchigi” schemes (illegal currency transfers through offshore accounts).
- Since 2021, prosecutors have been handed cases involving crypto crimes worth $7.1 billion.
UAE
- The Ministry of Finance has signed the multilateral CARF (Crypto-Asset Reporting Framework) agreement on the automatic exchange of tax information.
- The implementation of the regulation is planned for 2027, with the first data exchanges in 2028.
- Public consultations involving exchanges, custodians, and wallet providers have already been launched.
Stablecoins
- Companies in the sector have attracted $621.8 million in investments since the beginning of the year (7 times more than in the whole of 2024).
- The record round was $300 million from Hong Kong’s OSL Group.
- The capitalization of stablecoins has reached $297 billion, with a forecast of $1 trillion by 2028.
- Market leaders Circle and Tether are facing competition: JPMorgan, Stripe, Bank of America, and Citigroup are preparing their own stablecoins.
Ukraine
- The NBU accused the fintech service Trustee Plus of providing payment services without a license.
- The company considers the claims to be partially unfounded, but the regulator requires restrictions on P2P transfers and settlements in euros.
- Experts call the situation a “dangerous precedent” for the market, which already lacks a specific law on virtual assets.
The week was a landmark one for the crypto market: investments in stablecoins and new products from Wall Street strengthened institutional confidence, while regulatory initiatives in China, Korea, and Ukraine serve as a reminder of the high risks involved. In the coming months, the market will see a clash between two trends: large-scale institutional growth and increased government control.
Source: https://www.fixygen.ua/news/20250927/znakovaya-nedelya-dlya-kriptorynka-obzor-fixygen.html
