Regulation & Policy

The Chairman of the FDIC in the United States emphasized that under the GENIUS Act, stablecoins (such as USDT, USDC) are not covered by FDIC deposit insurance to distinguish them from traditional bank deposits and prevent misleading investors. Additionally, although banks can issue stablecoins, they must adhere to strict reserve requirements.

Author: Coinfound By March 2026, the global digital financial market will be at a critical crossroads of regulatory restructuring and industry revaluation. Hong Kong is about to issue the first batch of licenses for fiat-backed stablecoin issuers. This is not just a routine licensing approval but a landmark event signaling that Hong Kong's digital financial infrastructure is entering a practical phase. On the surface, this is regulatory implementation; but on a deeper level, it signifies that Hong Kong is trying to answer a more strategically important question: in the context of accelerating US-China digital financial competition and tightening global compliance frameworks, how can Hong Kong build a trustworthy system through the stablecoin regime that supports cross-border payments, enterprise-level treasury management, and RWA tokenization settlement? CoinFound believes that understanding the significance of the “night before the license” should not only focus on who will receive the first batch of licenses but also on what Hong Kong ultimately aims to reshape with this system.

A recent meeting between Senator Cynthia Lummis and Fed chair nominee Kevin Warsh reignited debates over a potential Central Bank Digital Currency (CBDC). While Lummis supports financial innovations, Warsh favors a wholesale CBDC, opposing retail ones due to privacy concerns.

Florida passes the first stablecoin regulation bill in the United States, SB 314, bringing stablecoins into the money services regulatory framework and establishing their legal status. The law requires stablecoin issuers to comply with traditional financial standards and emphasizes consumer protection and anti-money laundering measures. This move aims to attract Web3 companies, enhance transparency of digital assets, and balance innovation with financial stability. The state government also plans to allow the use of stablecoins for paying state-level service fees, demonstrating the increasing legalization trend of digital assets.

Russian companies, in response to losses caused by Iran's dual exchange rate system, have developed cryptocurrency transfer, underground hawala exchanges, and internal settlement systems, successfully reducing export losses. However, after the outbreak of war in 2025, this financial system came to a complete halt, affecting cross-border transactions and logistics.

Two US lawmakers have introduced a new bill. That aims to stop people from betting on violent global events. The proposal is called the Death Bets Act. It would ban prediction markets from offering bets related to war, terrorism, assassination or a person’s death. The bill was introduced on

U.S. regulators SEC and CFTC are harmonizing oversight to reduce duplicate compliance, proposing “substituted compliance” for overlapping obligations. The initiative focuses on areas like prediction markets and digital assets, aiming for seamless regulation while retaining agency independence.

A report from Gujarat National Law University advocates for a structured regulatory framework for crypto-assets in India, addressing the current reliance on taxation and fragmented oversight. It highlights the need for legal clarity to foster growth and innovation in the digital asset sector.

CFTC Chair Michael Selig's plan aims to modernize U.S. financial markets by implementing clear crypto regulations, supporting tokenized assets, and enhancing oversight, fostering innovation while ensuring investor protection.

Ghana has launched a year-long crypto pilot program to regulate digital assets through a controlled sandbox for 11 service providers, aiming to enhance investor protection and financial inclusion while observing trading activity.

Gujarat National Law University report highlights lack of a dedicated crypto law despite taxation and AML rules in India. Study proposes five regulatory models including SEBI oversight, RBI control, multi-regulator system, or a new authority. Nearly 12 crore Indians use crypto,

A senior official at Australia's corporate regulator argues that blockchain and cryptocurrencies should not be seen as a separate asset class but rather as part of existing financial services, advocating for regulations based on economic functions instead of technology.

Mega Financial Holding Chairman Dong Rui-bin pointed out that issuing stablecoins in Taiwan faces three major challenges: insufficient payment demand, limited influence of bank brands, and strict regulatory requirements. The model of banks issuing stablecoins is difficult to profit from, and future legislation will be led by financial institutions, but market demand remains uncertain.

A report from Gujarat National Law University recommends India establish a comprehensive crypto regulatory framework, highlighting the use of cryptocurrencies by 12 crore Indians. It advocates for a multi-agency approach to improve consumer protection and industry growth.

National People's Congress Deputy Fu Xiguo submitted a proposal recommending to accelerate the revision of the "People's Bank of China Law," clarifying the legal status of digital RMB and the central bank's core responsibilities to ensure its circulation security and the rights of financial consumers. At the same time, legal regulations should be established to address counterfeiting and tampering behaviors.

BWA Chairman Dilip Chenoy participated in the Q & A. He called for thorough independent verification before crypto investment. The immediate step for victims is to register a complaint with the authorities. Dilip Chenoy, Chairman of Bharat Web3 Association (BWA), interacted with the media and pa

Gate News Report, March 11 — The Hong Kong Monetary Authority's first batch of stablecoin licenses will be issued after the Two Sessions, with fewer than 4 companies in the initial batch. It is reported that RD Technologies, the issuer of the stablecoin participating in the HKMA's "sandbox" testing, will not be awarded a license in the first batch. The company was founded by former HKMA Chief Executive Chen De-lin. The HKMA previously revealed that a total of 36 institutions submitted applications for stablecoin licenses in the first round, but emphasized that the number of licenses issued in the initial batch will definitely not be large, with a focus on cautious and prudent approval.

CFTC Chairman Mike Selig stated at the conference that the United States will accelerate the development of a regulatory framework for digital assets, focusing on prediction markets, DeFi, crypto contracts, and other areas. At the same time, the CFTC is strengthening coordination with the SEC to resolve regulatory disagreements, which is expected to promote market compliance and innovative development.

Minnesota considers a complete ban on Bitcoin ATMs after scams resulted in $333 million in losses, especially among elderly victims. Law enforcement has difficulty tracking the flow of funds, and the industry remains cautious about the ban, believing that banning alone cannot fundamentally solve the scam problem. Legislators need to evaluate more effective regulatory measures.

The U.S. Senate is advancing legislation on the structure of the crypto market, with stablecoin yield issues becoming a point of controversy. Democratic Senator Angela Alsobrooks and Republican Senator Tom Tillis are working together to seek a compromise, emphasizing the need to find a balance between the crypto industry and the banking sector to avoid impacting financial stability. The banking industry hopes to restrict stablecoin yield payments to prevent capital outflows from the banking system, while the crypto industry opposes this restriction, arguing that yields are key incentives for users. Future regulatory frameworks need to consider the interests of both sides.