Regulations News

China has implemented new foreign exchange regulations aimed at curbing crypto-related financial activities, requiring banks to monitor and report transactions linked to cross-border gambling, underground banking, and illicit digital asset trading.

In 2025, with a pro-crypto administration taking shape, U.S. Congress is set to focus on cryptocurrency legislation, especially stablecoins and the FIT21 Act.

Japan’s government has decided against incorporating Bitcoin into its national reserves, citing its volatile nature and the fact that it falls outside the scope of traditional foreign exchange assets.

Turkey has introduced new regulations aimed at tackling money laundering and terrorism financing within the cryptocurrency sector.

Starting in 2025, Russia will impose strict limitations on cryptocurrency mining, including a full ban in 10 regions and seasonal restrictions in others.

South Korea is working on amending its Foreign Exchange Transactions Act to require virtual asset service providers (VASPs) engaged in cross-border transactions to register and report user transaction details to the Bank of Korea.

Hong Kong has granted licenses to four additional cryptocurrency exchanges, reinforcing its goal to become a leading global crypto hub.