Here are some additional news regarding Crypto & Regulations as of July 5, 2025, that deserve attention:
---
⚠️ China & Offshore Yuan Stablecoin
JD.com and Ant Group urge the PBOC to allow stablecoins pegged to the offshore yuan—as an effort to expand the international use of the Chinese currency and challenge the dominance of the US dollar.
---
📉 Market Weakness & Impact of US Data
Although the US labor data for June showed an addition of 147,000 jobs, Bitcoin, which briefly touched $110,000, eventually corrected to ~$107,845, in line with corrections in stocks related to tensions over US import tariffs.
---
🇸🇬 Singapore Tightens Crypto Licensing
MAS sets strict rules for crypto platforms that only serve overseas clients—resulting in an exodus from Singapore and prompting liquidity to flow into Hong Kong, which is preparing Web3 and stablecoin regulations in just a matter of weeks.
---
🌏 South Korea's Sentiment Boosts Its Performance
The Kospi index surged ~30% in H1 2025, driven by government support for won-denominated stablecoins and a crypto reform agenda under President Lee Jae-myung.
---
🛡️ Surge in Crypto Violence
Not only online threats, but a surge in violence against crypto asset owners has occurred in the last 18 months—including kidnappings in Karachi and France—marking a shift from digital hacking to real physical threats.
---
🏦 Global Regulations: US Stablecoin & OECD CARF
The US passed a bill on the stability of dollar-denominated stablecoins; crypto legislation is set to be completed by September. Meanwhile, the OECD expands the Crypto-Asset Reporting Framework (CARF) to enhance tax transparency for CASPs.
---
