Thailand SEC Proposes $151K Daily Cap on Stablecoin Transfers

The proposed rules would limit each person's one-way stablecoin transfers to about $151,000 per day through verified accounts.

• Thailand's SEC is proposing a daily transfer cap of approximately $151,000 for stablecoins to mitigate risks like money laundering and cybercrime.
• The proposed regulations mandate that all stablecoin deposits and withdrawals must occur through verified accounts, with exemptions for transfers between regulated operators adhering to the Travel Rule.
• This move aligns with a global trend of increased stablecoin regulation and could influence regional standards for digital asset payments.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, 3 1 securities law classification, 2 1 established hubs, 6 1 ethereum evm l 1 s

Tags: #thailandsec #stablecoin #transfercap #moneylaundering #cybercrime #travelrule #digitalassetpayments #regulatoryoversight #aml

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World Liberty Financial USD1 Launches On Canton Network

World Liberty Financial USD1 stablecoin is now native on Canton Network, enabling synchronized tokenized asset payments with reduced settlement risk.

• World Liberty Financial's USD1 stablecoin is now natively issued on the Canton Network, enabling synchronized settlement of tokenized assets and payments, thereby reducing settlement risk for institutions.
• The USD1 stablecoin, valued at $4.05 billion, is fully reserved and redeemable 1:1 for U.S. dollars, positioning it as a key tool for collateral, lending, and cross-border payments within the Canton ecosystem.
• While World Liberty Trust Company has received conditional OCC charter approval, final authorization is pending, and the stablecoin's launch has drawn attention due to political connections and regulatory scrutiny.

Topics: Asset types, Infrastructure providers, Legal regulatory, Stablecoins digital cash, Tokenization platforms, Securities law classification

Tags: #worldlibertyfinancial #usd1stablecoin #cantonnetwork #tokenizedassets #settlementrisk #nativeissuance #institutionalfinance #occcharterapproval #regulatoryoversight

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SEC Wants a Live Feed Into Your Crypto Wallet. Nigeria Isn’t Ready for What That Means For Privacy - Tekedia

Is Nigeria's SEC building crypto oversight — or a surveillance pipe? A legal look at the privacy risks in the new digital assets framework.

• Nigeria's SEC is proposing new rules that would grant it API-based access to crypto transaction data, raising significant privacy concerns.
• The article argues that this 'standing tap' model of access, rather than targeted requests, could lead to surveillance rather than supervision, especially given the identifiability of blockchain data.
• Compliance with data protection laws, including the Nigeria Data Protection Act 2023, is crucial, and firms must integrate securities, AML, cybersecurity, and data protection requirements holistically.

Topics: Legal regulatory, Compliance, Jurisdictions, 3 1 securities law classification, 33 1 automated on chain compliance, 33 2 kyc aml frameworks, 2 3 regulatory sandboxes pilots

Tags: #nigeriasec #cryptoprivacy #dataprotection #apiaccess #surveillance #walletdata #transactionmonitoring #nigeriadataprotectionact #personaldata #regulatoryoversight

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Global Central Banks Unveil Framework for Tokenized Asset Compliance

Global banks and regulators push token rules balancing privacy, compliance and growth as tokenized finance and crypto adoption expand.

• Global financial institutions and regulators have launched a new framework to enhance compliance for tokenized assets while safeguarding user privacy.
• The initiative, involving entities like the IMF, Banque de France, and JPMorgan, focuses on integrating compliance checks directly into digital assets using technologies like zero-knowledge proofs.
• This development signals an acceleration in traditional banks' adoption of blockchain and a tightening regulatory approach to digital assets, aiming to balance oversight with innovation.

Topics: Legal regulatory, Infrastructure providers, Blockchain usage, 3 1 securities law classification, 4 1 tokenization platforms, 6 2 layer 2 scaling, 33 1 automated on chain compliance, 25 3 privacy preserving tech

Tags: #tokenizedassets #complianceframework #userprivacy #zeroknowledgeproofs #globalbanks #digitalassets #blockchain #regulatoryoversight #financialrules #imf

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Crypto-Backed GOP Win in Alabama Senate Runoff Raises Compliance Questions

Barry Moore won the Republican primary runoff for Alabama’s U.S. Senate seat on Tuesday, defeating Democrat Everett Wess by securing 55.8% of the vote, according to NBC News. The race became necessary after neither candidate received a majority in the May 19 contest. Moore is set...

• Barry Moore won the Alabama Republican Senate runoff with significant financial backing from pro-crypto political committees, raising compliance and transparency questions.
• Fairshake-affiliated groups spent over $12 million on media and advertising to support Moore, highlighting the increasing scale of crypto industry political spending in U.S. federal contests.
• The election outcome prompts scrutiny regarding regulatory oversight, disclosure practices, and the potential impact of crypto-aligned political influence on future legislation and enforcement.

Topics: Legal regulatory, Political endorsements opposition, Compliance, Securities law classification, Pro innovation policy, Aml antimoneylaundering, Kyc proof of identity, Automated on chain compliance

Tags: #barrymoore #alabamasenaterunoff #fairshake #cryptopoliticalspending #fecdisclosures #compliancequestions #procrypto #advocacygroup #regulatoryoversight #politicalinfluence

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Mudrex Report Reveals Why Indian Crypto Traders Rarely Panic Sell

A new Mudrex report reveals that 91% of Indian crypto investors remain calm during market downturns, highlighting a growing trend toward disciplined i

• A Mudrex report indicates that 91% of Indian crypto investors avoid panic selling during market downturns, showing increased discipline.
• Investors are treating crypto as a complementary asset class with conservative portfolio allocations, influenced by strict tax policies and regulatory oversight.
• The trend towards long-term strategies like Crypto SIPs suggests a maturing Indian crypto market, potentially attracting institutional interest despite lower trading volumes.

Topics: Institutional adoption, Legal regulatory, Scalability, Institutional capital inflows, Investor protection disclosure, Retail global adoption

Tags: #indiancryptoinvestors #mudrexreport #panicselling #marketvolatility #portfolioallocation #taxpolicies #regulatoryoversight #systematicinvestmentplans #cryptosips #marketmaturity

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Kalshi expands perpetual futures business after $6B trading volume

• Kalshi has achieved significant trading volume ($5.5 billion in two weeks) with its new CFTC-regulated perpetual futures contracts, initially focused on Bitcoin.
• The company plans to expand its perpetual futures offerings to include more cryptocurrencies and eventually non-digital assets, positioning itself as a next-generation derivatives exchange.
• The launch highlights the demand for regulated derivatives in the US market, offering an alternative to offshore, unregulated platforms and emphasizing the risks associated with leveraged trading.

Topics: Institutional adoption, Scalability, Blockchain usage, Onboarding prime brokerage, Growth metrics, Ethereum evm l 1 s

Tags: #kalshi #perpetualfutures #tradingvolume #crypto #cftc #derivatives #bitcoin #leveragedpositions #regulatoryoversight #marketexpansion

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