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X @Nick Szabo
Nick Szabo· 2025-11-03 01:19
RT Muju 6.0⚡∞/21M (@therealmuju)THE OP_RETURN CATASTROPHE: HOW BITCOIN CORE'S PROPOSED EXPANSION THREATENS BITCOIN'S MONETARY MISSIONThis investigation exposes how Bitcoin Core v30's scheduled October 30, 2025 changes disguise a civilizational threat to monetary sovereignty. What appears as routine protocol maintenance would enable permanent infrastructure capture through 51,200x blockchain data expansion that could weaponize Bitcoin's immutability against individual economic freedom.Critical findings with ...
China Maintains Scrutiny of Crypto While Asia Embraces Stablecoins
Yahoo Finance· 2025-10-27 19:09
Core Insights - China will maintain strict regulations on cryptocurrencies and stablecoins while monitoring international developments in digital assets [1][2] - The People's Bank of China (PBOC) emphasizes the risks associated with stablecoins, particularly regarding customer identification and anti-money laundering compliance [2] - The PBOC plans to collaborate with law enforcement to enforce regulations and protect financial stability within China [1] Regulatory Environment - PBOC Governor Pan Gongsheng highlighted concerns over stablecoins increasing global financial system vulnerabilities and undermining monetary sovereignty in less developed economies [2] - The PBOC will closely monitor the development of stablecoins in overseas markets, indicating a proactive regulatory stance [2] Market Developments - Japanese startup JPYC launched the first yen-backed stablecoin, aiming to issue $66 billion (10 trillion yen) worth of tokens over three years [2] - South Korea introduced its first fully regulated won-backed stablecoin, KRW1, through BDACS and Woori Bank [3] - Bank of China’s Hong Kong shares rose on reports of plans to apply for a stablecoin license, while Standard Chartered has shown interest in the stablecoin market [3] Industry Trends - Users on Myriad are optimistic about the stablecoin market, predicting a market cap exceeding $360 billion before February [4] - Chinese firms are exploring offshore stablecoin opportunities, with Ant Group applying for the "ANTCOIN" trademark in Hong Kong and JD.com seeking licenses for cross-border B2B payments [4] Global Perspective - The role of Chinese regulators in shaping global stablecoin regulation is evolving amid relative financial stability and the absence of sanction-related pressures [5]
X @mert | helius.dev
mert | helius.dev· 2025-10-15 09:31
"it will be non-traceable, no matter how illegal the chinese communist government says it is. they will either have to shutdown the telecommunications network and make it illegal to have a cellphone or they will have to give up the monetary sovereignty they've had.""the 2nd theme is a bit more speculative. and that is, getting rid of money all together. going from government-backed currency to purely private currencies." ...
Asia Morning Briefing: Capital Controls Doom Asia’s Stablecoin Dreams—Except in Hong Kong
Yahoo Finance· 2025-09-24 02:51
Group 1 - The discussions around a Korean Won stablecoin are gaining traction ahead of Korea Blockchain Week, highlighting the political significance of local currencies as digital alternatives to the U.S. dollar [1][2] - Most Asian currencies face capital controls that limit their global circulation, with the Hong Kong dollar being the only currency in the region that can function as a stablecoin on an international scale [2][6] - A bill to legalize stablecoins in Korea is progressing, but it is not aimed at globalizing the Won due to existing regulations that prevent capital flight, reflecting a desire to maintain monetary sovereignty [3][4] Group 2 - The Korean central bank is open to the idea of Won stablecoins but expresses concerns regarding foreign convertibility, indicating that the same restrictions that protect sovereignty also hinder international utility [4][5] - Other Asian currencies, such as Taiwan's New Taiwan dollar and the renminbi, are similarly constrained by capital controls, limiting their potential for global stablecoin proposals [6] - The Hong Kong dollar's full convertibility and its established role in international markets position it uniquely as a potential global stablecoin, capable of meeting both domestic and international liquidity needs [7][8]
X @Decrypt
Decrypt· 2025-08-27 00:29
What a Digital Euro on Ethereum or Solana Means for Europe’s Monetary Sovereignty► https://t.co/6GGxP3gtiw https://t.co/6GGxP3gtiw ...
VCI Global Secures US$51 Million Convertible Note Financing to Expand Sovereign AI Infrastructure and Launch Bitcoin Treasury Reserve
Globenewswire· 2025-08-14 11:57
Core Insights - VCI Global Limited announced a convertible note financing facility of up to US$51 million, with US$20 million allocated to Bitcoin as part of a digital treasury reserve strategy [1][2] - The financing is structured with a floor conversion price of US$1.20 per share, ensuring minimal dilution for shareholders [2] - The company aims to leverage favorable market conditions, with the global AI infrastructure market projected to reach US$422.5 billion by 2030, and over 80% of institutional investors supporting digital assets in diversified portfolios [2] Company Strategy - The capital raised will be allocated to three main areas: acquiring Bitcoin as a digital reserve asset, deploying Sovereign AI Infrastructure across Southeast Asia, and expanding presence in cybersecurity, AI, and fintech [7] - The Sovereign AI Infrastructure will incorporate military-grade and quantum-resistant encryption technologies, focusing on secure data storage and communication [7] - The company emphasizes the importance of Bitcoin as a core monetary asset, representing independence and resilience in the context of data and monetary sovereignty [3] Market Positioning - VCI Global positions itself at the intersection of high-growth markets, combining sovereign AI infrastructure with Bitcoin-backed treasury innovation [2] - The company’s mission is to empower governments and enterprises in Southeast Asia to scale securely and intelligently, utilizing a sovereign AI data platform [5]