Bybit will stop providing services to Japanese residents in January, bowing to relentless pressure from financial regulators. When users with Japanese IP addresses access the Bybit website, they are confronted with a message that reads: “Service not available in your country/region.” “As part of Bybit’s proactive efforts to comply with Japanese regulations, we have decided to terminate services for customers residing in Japan,” the exchange said in an announcement reported by the Japanese media outlet Co ...

Bybit 宣布将自 2026 年起分阶段退出日本市场，选择退让而非继续与日本监管对抗。日本金融厅自 2021 年以来持续追责其"无牌经营"，并在今年要求苹果与谷歌下架相关 App。Bybit 表示，日本居民账 户将从 2026 年起逐步受限，若被误判需在 2026 年 1 月 22 日前补交材料。（FinanceFeeds） （来源：吴说） ...

JUST IN: 🇷🇺 Bank of Russia prepares cryptocurrency regulation, may let unqualified investors buy crypto assets. https://t.co/D2H87SezbD ...

Core Viewpoint - The Bank of Canada emphasizes the need for regulations on stablecoins to ensure they are backed by high-quality liquid assets and pegged one-to-one to a central bank currency [1][2]. Regulatory Framework - The Canadian government plans to introduce regulations for stablecoins in the upcoming year, aiming to align with practices in other advanced economies [1][3]. - The conditions for redeeming stablecoins must be fully disclosed, including timing and any applicable fees [3]. Financial System Modernization - The legislation aims to build trust in fiat-backed stablecoins, ensuring they are safe and secure for consumers and businesses [4]. - The central bank will act as the regulator for stablecoins, with the goal of enabling Canadians to safely leverage stablecoin innovations [4]. Future Innovations - By 2026, Canada is expected to see more innovations in its financial system, including the establishment of Real-Time Rail for instant settlements and an open banking system to facilitate easier bank comparisons and switching [4][5].

The United Arab Emirates (UAE) is rapidly cementing its position as a global leader in the digital asset sector on the back of its regulatory infrastructure and the institutional adoption of cryptocurrencies, according to industry insiders at the fourth edition of Abu Dhabi Finance Week (ADFW). Speaking at ADFW, the largest financial and investment gathering in the Middle East and North Africa, Binance co-CEO Richard Teng said the UAE had been at the industry's forefront, as capital city Abu Dhabi was the ...

🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 Poland’s President vetoed a strict crypto regulation bill, arguing it threatened citizens’ freedoms and innovation, sparking backlash from top government officials.🔹 A new Zero-Knowledge Secret Santa protocol for Ethereum enables a fully private, trustless on-chain gift exchange using ZK proofs and relayers.🔸 Michael Saylor’s strategy team said they would consider lending Bitcoin in the future, according to Bloomberg.🔹 Bank of America says its ...

Regulatory Developments - Japan's financial authorities are implementing stricter regulations on cryptocurrency exchanges, requiring them to hold liability reserves to enhance investor protection and market stability [3][8] - This move reflects a global trend towards more stringent oversight of the cryptocurrency industry [3][8] AI and E-commerce - OpenAI is expanding its "Shopping Research" feature to all ChatGPT user plans, including Free, Go, Plus, and Pro, allowing a broader audience to utilize AI for product comparisons and personalized shopping guides [4][8] - This expansion positions ChatGPT as a significant player in the e-commerce sector, aiming to simplify the shopping experience for consumers [4][8] U.S. Treasury Market - The latest U.S. 2-Year Note auction saw yields decline to 3.489%, down from 3.504% in the previous auction, indicating shifting investor demand [5][8] - The bid-to-cover ratio was reported at 2.68, with direct bidders accounting for 30.7% and indirect bidders for 58.1% of accepted bids, reflecting current investor sentiment in the fixed income market [5][8] Geopolitical Context - Egypt's Prime Minister has rejected unilateral actions in the Horn of Africa or Red Sea that threaten regional sovereignty, emphasizing the importance of stability in the region [6][8] - An Iranian MP's claim regarding potential nuclear weapon provisions from Russia raises concerns about global nuclear proliferation and international security implications [7][8] Data Privacy in Marketing - Stagwell (STGW) is partnering with Harvard's OpenDP project to integrate differential privacy technology into its AI marketing platform, enhancing data security and customer privacy [9][8]

Core Insights - Economic uncertainty continues to raise questions about the safety of investments, with cryptocurrency not performing as a reliable hedge against inflation and market volatility in 2025 [1][2]. Group 1: Cryptocurrency Performance - In 2025, the S&P 500 increased by approximately 16%, while Bitcoin only rose around 6%, indicating that even major cryptocurrencies can lag behind traditional stock markets for extended periods [2]. - Cryptocurrency is increasingly viewed as a high-risk asset rather than a safe haven, particularly during economic instability [2][3]. Group 2: Market Behavior - Cryptocurrencies behave similarly to high-risk tech stocks, lacking the backing of established companies, making them highly sensitive to investor sentiment and prone to sharp declines during market panic [3][4]. - During significant market sell-offs, such as the October Black Friday event, Bitcoin's value dropped from $122,000 to $102,000, while safe-haven assets like PAX Gold appreciated [3]. Group 3: Regulatory Environment - The cryptocurrency market remains largely unregulated compared to traditional stocks, leading to speculation that future regulations could enhance transparency but also diminish the appeal of cryptocurrencies [5][6]. - Legislative efforts, such as the U.S. GENIUS Act and the CLARITY Act, aim to establish a regulatory framework for digital assets, which could significantly impact the industry [6]. Group 4: Economic Instability - Economic instability exacerbates the risks associated with cryptocurrencies, as companies holding digital assets as part of their reserves face increased volatility in their balance sheets [7]. - Sharp market declines can rapidly devalue token holdings, undermining both balance sheets and investor confidence [8].

Core Insights - Dogecoin has experienced a staggering price increase of over 45,000% since its inception in late 2013, with a hypothetical $10,000 investment now worth approximately $4.5 million, although recent performance has seen a 48% decline year to date [2][3] Industry Overview - The cryptocurrency industry is currently benefiting from a shift in U.S. regulatory approach under the new administration, moving away from litigation-heavy policies to a focus on clarity and dialogue [4] - New legislation, such as the Genius Act, has established clearer rules for stablecoins, while the creation of a U.S. Bitcoin strategic reserve enhances the legitimacy of cryptocurrencies for international investors [5] - A potential bipartisan Crypto Market Structure bill could classify certain cryptocurrencies as digital commodities, paving the way for institutional integration into business models [5] Institutional Impact - Regulatory changes may not lead to immediate price increases but could encourage risk-averse institutions like university endowments and pension funds to allocate more to cryptocurrencies, which could stabilize price volatility due to their buy-and-hold strategies [6] Dogecoin's Position - Mainstream cryptocurrencies like Bitcoin, Ethereum, and XRP have responded more positively to recent regulatory developments compared to Dogecoin, which may be attributed to its unconventional investor base [7] - Dogecoin's infinite supply raises concerns about its long-term value [8]

Hong Kong Crypto‑Regulators Roundtable: When Regulatory Perfection Becomes a Liability - Closed Systems Limit Hong Kong's Link to Global LiquidityIn 2021, HongKong made a conscious decision to move beyond restricting crypto access to just professional investors; Regulatory environments are becoming a key factor when companies decide where to set up their headquarters; Cross-border interoperability is a major challenge for both market participants and regulators. On the government-to-government level, the mo ...