#On January 23, 2025, U.S. President Donald Trump signed an executive order establishing a cryptocurrency working group tasked with drafting new digital asset regulations and exploring the creation of a national cryptocurrency stockpile. This move aligns with his administration's pro-crypto stance, which has been a significant factor in the recent surge of Bitcoin's price.
In China, despite stringent regulations against cryptocurrency trading, underground networks continue to facilitate large-scale transactions, enabling individuals to circumvent capital controls and, in some cases, launder money. Authorities are intensifying efforts to curb these activities, but sophisticated methods employed by traders pose significant challenges.
Additionally, Tether, a stablecoin pegged to the U.S. dollar, has become increasingly popular among international criminals for its liquidity and relative anonymity, prompting heightened scrutiny from U.S. and EU law enforcement agencies.