Global Regulatory Updates
UK Introduces Crypto Regulation: The UK government has unveiled draft legislation to regulate cryptocurrency exchanges, dealers, and agents. This move aims to enhance transparency, consumer protection, and operational resilience within the crypto sector. The legislation is expected to be finalized by the end of 2025. Reuters
South Korea Plans Spot Crypto ETFs: South Korea's ruling party has announced plans to approve spot cryptocurrency ETFs by the end of the year, signaling a significant shift in the country's approach to crypto investments.
Crypto Leaders Express Optimism: At the TIME100 Talks event, industry leaders expressed renewed optimism about the future of digital assets in the U.S., driven by growing bipartisan support for stablecoin regulation and potential legislation like the STABLE Act and GENIUS Act.
