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【Wyoming Committee Discusses Whether Stablecoins Are 'Governed' by U.S. SEC Rules】
On April 18, news reported that the Wyoming Stablecoin Committee, authorized to issue stablecoins in the state, indicated it is considering adjusting its policy wording to better align with potential regulatory guidance from the U.S. Securities and Exchange Commission (SEC). During a meeting held on April 17 at the Wyoming State Capitol expansion, Commissioner Joel Revill suggested that the agency could reduce the risk of the proposed WYST stablecoin being classified as a security under SEC rules. Previously, the SEC issued guidance stating that certain 'regulated stablecoins' are considered 'non-securities' and are essentially exempt from reporting requirements, leading to a discussion among the commissioners and Executive Director Anthony Apollo. Apollo stated, 'We intend to create our own jargon around some of these issues for clarification, and then use that as a starting point for the committee's discussion.' He added that the committee has discussed the SEC's guidelines internally but plans to address the matter in a memo in May. Wyoming previously passed a law to issue a state-level stablecoin pegged to the U.S. dollar and redeemable for fiat currency, after which the committee was established and has been exploring issues related to WYST. Wyoming Governor Mark Gordon stated last August that the government initially planned to launch the stablecoin in the first quarter of 2025, later revising the timeline to possibly launch in July.

【Financial Supervisory Service of South Korea: Will Maintain Close Cooperation with Hong Kong in Virtual Asset Regulation】
The head of the Financial Supervisory Service of South Korea, Lee Bok-hyun, visited Hong Kong this week to hold talks with senior officials from financial regulatory agencies and engage in in-depth discussions on recent financial market trends and financial stability management plans. During discussions with the Chief Executive Officer of the Hong Kong Securities and Futures Commission, Laura Cha, Lee Bok-hyun exchanged views on the latest developments in Hong Kong's virtual asset trading and regulation, agreeing to maintain close cooperation in the regulation of virtual assets going forward.

【Kyrgyz President Promotes 'Digital Som' Towards Reality】
Kyrgyz President Sadyr Japarov signed legislation on Thursday granting legal status to the 'Digital Som', marking a step towards the country issuing its own central bank digital currency (CBDC). Kyrgyzstan is still deciding whether to issue a CBDC, and the amendments to the Constitution of the Kyrgyz Republic on Thursday ensure that if the central bank continues to issue a CBDC, the 'Digital Som' will be regarded as legal tender. A statement on the president's website said: 'The purpose of the Constitution is to launch a pilot project for the national digital currency 'Digital Som' prototype and to establish a legal foundation and status.' According to the new regulations, the National Bank of the Kyrgyz Republic will be able to formulate and approve the rules for making payments on the Digital Som platform.

【Over 4 Billion USD Involved in Paraguay Cryptocurrency Fraud Cases in 2023 and 2024】
According to Bitcoin.com, Diosnel Alarcon, head of the Cyber Crime Department of the Paraguayan National Police, pointed out that in 2023 and 2024, the funds transferred through cryptocurrency fraud and Ponzi schemes exceeded 4 billion USD. Criminal intermediaries exploit investors' ignorance of cryptocurrencies to facilitate these crimes. They create fake platforms as bait, initially giving victims small profits in their accounts, only for them to realize months later that they have been scammed. This figure includes platforms that use Paraguay as a transit point to transfer illegal funds. Although cryptocurrency transactions are traceable, recovering funds and identifying those behind the scams is challenging due to international bureaucratic procedures. However, if reports are made promptly, authorities may be able to prevent crimes and recover funds.

On April 17, The Block reported that the U.S. Secret Service, with the assistance of Canadian officials, launched "Operation Avalanche" to combat phishing scams on the Ethereum network, aiming to locate wallets on the Ethereum blockchain that have been compromised. During this operation, stolen funds amounting to 4.3 million dollars were discovered. They will continue to work with Canadian law enforcement and financial partners to identify and seize stolen assets and return them to the victims.

On April 17, the government of Panama City, the capital of Panama, approved the use of cryptocurrency to pay taxes, fees, fines, and permit costs. According to local media, the city will accept Bitcoin, Ethereum, USDC, and USDT.
Panama City has now joined the ranks of other cities around the world that allow the use of cryptocurrency for municipal payments. Mizrahi stated that the capital of Panama will implement this policy in collaboration with a partner bank, without the need for new legislation, as the bank will convert the cryptocurrency to US dollars at the time of payment. Like El Salvador, the US dollar is the legal tender in Panama.
Mizrahi said, "Previous administrations attempted to push a bill in the Senate to achieve this goal, but we found a simple way to do it without new legislation. Legally, public institutions must receive funds in US dollars, so we partnered with a bank that is responsible for receiving the cryptocurrency and instantly converting the transactions to US dollars. This allows cryptocurrency to circulate freely throughout the economy and the entire government."

On April 17, Binance CEO Richard Teng told the Financial Times that under President Trump’s leadership, the U.S. has taken a more favorable attitude towards cryptocurrency, including plans to establish a regulatory framework for digital assets and a national reserve, which is encouraging other countries to take similar actions. Binance has engaged with many countries, hoping to assist them in developing cryptocurrency regulatory frameworks. However, he declined to disclose the list of countries collaborating with the company.
Richard Teng stated that Binance is currently helping some countries establish national strategic digital asset reserves. Nearly a quarter of Binance's 6,000 employees are engaged in compliance work and will continue to invest heavily in this area.
Earlier this month, both Pakistan and Kyrgyzstan announced that Binance founder CZ has begun advising them on formulating cryptocurrency regulations and utilizing blockchain technology.

On April 17, according to South Korean media reports, the South Korean Financial Services Commission announced today that it will proceed with the development of the stablecoin regulatory framework as originally planned. The Financial Services Commission refuted reports that dollar stablecoins have become a major channel for capital outflow, pointing out that from November 2024 to February 2025, the inflow and outflow of dollar stablecoins in the country were roughly equivalent (approximately 35.3 trillion won).
The Financial Services Commission listed the 'stablecoin regulatory plan' as a top priority in the second virtual asset committee meeting held in January this year, with plans to complete a detailed review through an inter-agency working group in the second half of 2025.

【The UK Financial Conduct Authority Will Implement New Regulatory Framework for Crypto Assets in 2026】
The UK Financial Conduct Authority (FCA) plans to launch a new "gateway" authorization system in 2026, which will expand the regulatory scope over crypto asset activities. This framework will cover several areas, including stablecoin issuance, payment services, lending, and exchanges. FCA's Director of Payments and Digital Assets, Matthew Long, stated that compared to the previous focus solely on anti-money laundering (AML) compliance, the new framework will significantly broaden the regulatory scope. Industry insiders point out that this regulatory framework could have a significant impact on infrastructure builders such as Layer 2 (L2) and cross-chain transactions, and may serve as a reference for other countries in formulating relevant policies.

【Pakistan Plans to Use Surplus Electricity for Bitcoin Mining and AI Data Center Construction】
According to Reuters, Pakistan's crypto committee plans to utilize the country's surplus electricity to promote Bitcoin mining and the construction of AI data centers, in order to address high electricity costs and energy surplus issues. The committee has engaged in discussions with several mining companies and will determine the location of the mining sites based on electricity supply conditions.

【Indian Officer Facing Investigation for Allegedly Tampering with Cryptocurrency Evidence】
Four officers from the Central Crime Branch of Bangalore, India, are under investigation for allegedly tampering with cryptocurrency evidence. These assets stem from the criminal proceeds of international hacker Srikrishna Ramesh. The Special Investigation Team (SIT) discovered that the officers illegally accessed Srikrishna's cryptocurrency wallet after his arrest in 2020 and transferred Bitcoin through private network experts. The investigation is ongoing and may involve broader corruption activities.

【Harvard University Study Reveals Bitcoin Mining Causes Interstate Air Pollution】
According to Decrypt, a recent study led by Harvard University found that harmful air pollutants generated by Bitcoin mining can cross state lines, affecting areas far from the mining sites. The research shows that between August 2022 and July 2023, approximately 1.9 million Americans were exposed to these fine particulate matter, with affected areas including New York City, the Houston/Austin metropolitan area, Northeast Texas, and the Illinois/Kentucky border region. Researchers stated that this "interstate pollution" creates regulatory blind spots and recommended that the U.S. Environmental Protection Agency implement "good neighbor" rules to strengthen controls on emissions from upwind state power plants. Meanwhile, Trump expressed support for the cryptocurrency industry during his campaign, hoping that "all Bitcoin is produced in the U.S.", raising concerns among environmentalists about the environmental consequences.

[New Lawsuit Questions the Legality of Trump's Tariffs]
A lawsuit filed on Monday questions the legality of President Trump's comprehensive global tariffs. The Liberty Justice Center, a Texas-based public interest law firm that leans liberal, filed the lawsuit on behalf of five business owners who claim to have been harmed by the new tariffs against the U.S. International Trade Court. This is the broadest legal action to date against Trump's scaled-back tariffs. The lawsuit alleges that Trump improperly used a 1970s law, the International Emergency Economic Powers Act, to implement most of his tariff regime, and that the president is infringing on congressional powers. The Liberty Justice Center is requesting the court to issue a broad order to block tariffs imposed under IEEPA; the court has national jurisdiction over cases involving international trade.

【Another Swedish Democratic Party MP Advocates for Including Bitcoin in National Reserves】
According to Decrypt, interest in Bitcoin in Swedish politics continues to rise. Following MP Rickard Nordin's call last week for the government to reassess its Bitcoin reserve strategy, another Swedish Democratic Party MP, Dennis Dioukarev, has spoken out on the issue this week. On Monday, Dioukarev submitted a formal inquiry to Finance Minister Elisabeth Svantesson, suggesting that Sweden emulate countries like the United States by establishing a national Bitcoin reserve through asset confiscation and other means. "This trend has emerged in multiple countries," he specifically mentioned the case of the U.S. government using confiscated funds to build a Bitcoin reserve in his inquiry, and asked, "Has the Treasury considered such a proposal?"

【Robert Kiyosaki Warns of Dollar Collapse and Recommends Bitcoin as a Safe Investment】
On April 15 (UTC+8), Robert Kiyosaki, author of "Rich Dad Poor Dad," recently predicted that a financial crisis is imminent and warned that the dollar may weaken. He suggested investing in Bitcoin, gold, and silver to preserve and increase value. At the same time, he criticized central banks for stimulating inflation through their policies.

Guard the good news, on April 15, according to Arkham data, the U.S. government currently holds 198,012 bitcoins, worth approximately $16.94 billion; it holds 59,965 ethers, worth about $9.843 million.
Previously reported by Bitcoin Magazine, Bo Hines, the executive director of the White House President's Digital Asset Working Group, stated that the U.S. may use tariff revenue to purchase bitcoins.

【French luxury department store Printemps plans to accept BTC and ETH cryptocurrency payments】
According to reliable sources, Reuters reports that French luxury department store Printemps has announced a partnership with Binance to accept cryptocurrency payments such as BTC and ETH in its stores. This makes it the first department store in Europe to support cryptocurrency payments. Additionally, luxury lighter and pen manufacturer ST Dupont has also announced it will accept cryptocurrency payments. According to Reuters, luxury brands currently supporting cryptocurrency payments also include LVMH, Gucci, Balenciaga, as well as Hublot and Tag Heuer.

【Australian Regulatory Authority: Meta Agrees to Pay AUD 50 Million to Resolve Cambridge Analytica Related Privacy Lawsuit】
According to reliable sources, the Australian privacy regulator has stated that Meta (META.US) has agreed to pay AUD 50 million to settle a lengthy legal battle stemming from the Cambridge Analytica scandal. Australian Information Commissioner Elizabeth Tydd stated, "Today's settlement is the largest payment to date aimed at addressing individual privacy issues in Australia." The UK consulting firm Cambridge Analytica was found to have retained millions of Facebook users' personal data without permission and used it for political advertising, among other things. The Australian Information Commissioner's office alleged that Meta violated privacy laws, with the personal information of over 311,000 Australian users being disclosed to Facebook's personality quiz app "This is Your Digital Life" without user consent.

【Deutsche Bank is working to address the regulatory challenges faced by financial institutions when using public blockchains】
According to reports, Deutsche Bank is dedicated to resolving the regulatory challenges that financial institutions encounter when using public blockchains, such as the risk of inadvertently transacting with criminals or sanctioned entities. The bank announced the testing version of its asset service pilot project Dama 2 in November. The platform includes a so-called 'Layer 2,' which is a tool that utilizes public blockchains to provide cheaper and more efficient transactions. Boon-Hiong Chan, the head of industry application innovation for Deutsche Bank in the Asia-Pacific region, stated in an interview that Deutsche Bank's Layer 2 connects to Ethereum, which is the busiest commercial channel in the cryptocurrency space. Chan Wenxiong mentioned that public blockchains like Ethereum are fraught with risks for regulated lending institutions. These include not knowing 'who exactly is validating the transactions,' whether transaction fees could be paid to sanctioned entities, and the unpredictable threat of hard forks, which could fundamentally alter the digital ledger. 'Chan said: "By using dual chains, these regulatory concerns should be addressed."