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Philippines' Blockchain Initiative Faces Challenges Right from the Launch
The Philippine government is implementing a document verification system on Polygon, a move overshadowed by the disruption of the network itself.
The Philippine government officially launched a document verification system based on the Polygon blockchain, marking a significant step in the strategy of digitizing and increasing the transparency of public services. However, at the time of deployment, the Polygon network – the chosen platform – encountered a technical disruption, overshadowing this important event somewhat. Nevertheless, the project continued as planned, demonstrating the authorities' determination to adopt new technological solutions.
South Korea Establishes Legal Framework for Cryptocurrency Lending Activities
South Korean authorities are preparing to issue stricter regulations on cryptocurrency lending, targeting leveraged products of up to 4 times to protect investors.
According to a recent announcement, the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) will collaborate to establish a joint task force, with the goal of building and issuing a legal framework for this sector as early as next month. This move comes in the context of major exchanges like Bithumb and Upbit implementing collateralized loan products with concerning leverage ratios, increasing the risk of severe losses for retail investors in a highly volatile capital market.
JPMorgan CEO Jamie Dimon Supports Stablecoins, But Remains Skeptical About Bitcoin
The CEO of JPMorgan believes that stablecoins can do things that fiat money cannot, alongside implementing a partnership agreement with Coinbase.
JPMorgan Chase CEO Jamie Dimon, once famous for his fierce criticism of cryptocurrencies, has had a notable change in perspective on digital assets. In an interview with CNBC on Thursday, the leader of the largest bank in the United States expressed clear support for stablecoins while maintaining a skeptical stance on Bitcoin.
Visa Expands Stablecoin Ecosystem with Avalanche and Stellar
Visa adds support for three new tokens PYUSD, USDG, and EURC on two blockchains, highlighting the potential to fundamentally change global cash flows.
Visa Inc. has announced a significant expansion of its stablecoin payment capabilities in its latest move to strengthen its position in the digital asset space. The world's leading payment corporation announced on Thursday that its infrastructure now supports three new types of digital tokens along with two additional blockchains, marking an important step in its payment network diversification strategy.
Stablecoin EURAU Officially Launched Backed by Deutsche Bank
AllUnity issues the first euro-pegged stablecoin EURAU under the German legal framework, targeting cross-border payments and corporate treasury management.
AllUnity has officially launched EURAU, the first euro-pegged stablecoin fully compliant with the European Union's Markets in Crypto-Assets (MiCAR) regulations. This joint venture is backed by DWS – the asset management unit of Deutsche Bank, along with Galaxy and Flow Traders, marking a significant step in the institutionalization of stablecoins in Europe.
Coinbase Announces Plans for a "Comprehensive Exchange" Integrating All Assets
Coinbase announced plans to integrate millions of tokens, derivatives, and traditional securities on-chain, targeting the $100 trillion market.
Coinbase Global Inc. (COIN) officially announced its strategic vision to become a "Comprehensive Exchange" on July 31, alongside the release of its Q2 2025 financial report. This move marks an important transformation for the largest cryptocurrency exchange in the U.S. from a purely crypto asset platform to a comprehensive trading center for all types of digital assets.
Bolivia Collaborates with El Salvador to Develop the Crypto Asset Market
The Central Bank of Bolivia signed an agreement with CNAD to build a legal framework, with crypto transaction volume increasing from 46.5 million to 294 million USD.
The Central Bank of Bolivia (BCB) and the National Commission on Digital Assets of El Salvador (CNAD) have officially signed a bilateral cooperation agreement to promote the development of the crypto asset market in Bolivia. This move comes amid Bolivia's strong growth in crypto transaction volume after officially legalizing activities related to virtual assets.
Fake Ads Become Traps to Hunt Cryptocurrency Asset Users
A large-scale malware campaign is using fake ads to trap cryptocurrency asset users, potentially targeting over 10 million users worldwide.
A sophisticated large-scale malware distribution campaign named 'JSCEAL' is quietly targeting cryptocurrency asset users by impersonating popular trading applications. According to a report released by the cybersecurity company Check Point on July 29, this campaign has been active since at least March 2024, continuously evolving and leveraging online ads to lure users into installing malicious software disguised as nearly 50 reputable trading platforms such as Binance, MetaMask, and Kraken.
SEC Reversal: Most Cryptocurrencies Are Not Securities
SEC Chairman Paul Atkins stated that the majority of cryptocurrencies do not fall under securities, reversing Gensler's policy and paving the way for 'Project Crypto'.
In a statement that shook the digital asset market, Chairman of the U.S. Securities and Exchange Commission (SEC) Paul Atkins officially confirmed on July 31 that 'the majority of cryptocurrencies are not securities.' This move marks a complete reversal from the stance of his predecessor Gary Gensler, who had asserted that most cryptocurrencies fell under the purview of securities law.
99% of Billion-Dollar Corporations Prepare to Shift Strategy Towards Digital Assets
Deloitte's survey shows that 99% of CFOs at billion-dollar corporations expect to use cryptocurrency, signaling a strategic shift towards digital assets.
A survey published by Deloitte in Q2/2025 shows that 99% of Chief Financial Officers (CFOs) at companies with revenues over $1 billion express expectations to use cryptocurrency in long-term business operations. This is a clear signal of a strategic shift quietly taking place, as digital assets, once seen as peripheral investment channels, are gradually becoming a strategic focus in the boardrooms of the world's leading corporations.
US Lawmakers Explore Argentina's Cryptocurrency Ecosystem
The US House delegation led by Chairman French Hill met with Argentine President Milei to learn about the legal framework and stablecoin tax policy in the country.
A delegation of six US lawmakers visited Argentina to study how the local cryptocurrency ecosystem operates. The trip comes as Argentina stands out as one of the countries with the highest crypto adoption rates in the world, mainly due to citizens using digital assets as a means to preserve wealth in the face of hyperinflation and the devaluation of the peso.
RD Technologies Raises 40 Million USD From ZA Group For Hong Kong Stablecoin Project
ZA Group led a Series A2 funding round worth 40 million USD into RD Technologies – one of three companies participating in Hong Kong's stablecoin sandbox.
ZA Group has just announced leading a Series A2 funding round worth 40 million USD into RD Technologies, one of the three rare businesses participating in Hong Kong's stablecoin sandbox. The event takes place against the backdrop of the official stablecoin regulatory framework coming into effect this week, generating great expectations in the digital asset market in this administrative region.
HKMA Requires Full Identity Verification of All Stablecoin Holders
The Hong Kong Monetary Authority (HKMA) announced strict regulations effective from 1/8/2025, requiring identity verification for each stablecoin holder.
The Hong Kong Monetary Authority (HKMA) has just announced a series of documents related to the new regulations on stablecoins, effective from 1 August 2025. This regulation imposes mandatory identity verification requirements for each stablecoin holder, exceeding current international standards and creating a stringent precedent in the digital asset industry.
Ripple Praises White House Cryptocurrency Asset Strategy as 'Most Supportive Ever'
Ripple welcomes the White House's 160-page report, viewing it as the strongest pro-cryptocurrency administration in U.S. history.
Ripple has expressed strong support for the cryptocurrency asset strategy report published by the White House on July 30 through the President's Working Group on Digital Asset Markets. This 160-page report outlines a comprehensive national strategy to expand the global leadership role of the United States in digital financial technology, while also demonstrating a strong opposition to the deployment of central bank digital currency (CBDC).
Indonesia Quadruples Tax on Cryptocurrency Assets on Foreign Exchanges
Starting August 1, Indonesia will impose a 0.21% tax on cryptocurrency transactions on domestic exchanges and a 1% tax on international exchanges.
Indonesia - the largest economy in Southeast Asia - is set to implement a policy to increase taxes on cryptocurrency transactions starting August 1, according to new regulations issued by the Ministry of Finance. This move targets both domestic and international exchanges, aiming to increase budget revenue from the rapidly developing digital asset market.
Algeria Issues Comprehensive Ban on All Cryptocurrency Activities
Algeria officially criminalizes the use, trading, and mining of cryptocurrencies through Law No. 25-10, with a maximum prison sentence of one year.
Algeria has just enacted one of the strictest anti-cryptocurrency laws in the world, criminalizing all forms of use, exchange, or mining of cryptocurrencies. Law No. 25-10 was enacted on July 24, 2025, and published in Official Gazette No. 48, marking a clear shift from previous cautious warnings to an official and comprehensive ban.
Coinbase and JPMorgan Collaborate to Allow Reward Points Conversion to USDC
The agreement between Coinbase and JPMorgan Chase allows Chase customers to convert Ultimate Rewards points into the stablecoin USDC.
Coinbase has just announced a strategic partnership with JPMorgan Chase to simplify the onboarding process to the leading crypto platform for customers of the largest bank in the United States. Accordingly, customers using Chase services can easily open a Coinbase account through their existing credit card or bank account, while also converting 'Chase Ultimate Rewards' points into the stablecoin USDC.
White House Proposes Mandatory Reporting of Foreign Cryptocurrency Accounts
The White House released a 168-page report on digital assets, requiring Americans to report cryptocurrency accounts to prevent the transfer of assets abroad.
The White House has just proposed an important initiative requiring Congress to consider enacting a law that mandates American taxpayers to report 'foreign digital asset accounts.' This move is part of a comprehensive strategy to reinforce America's leadership position in the digital asset field while preventing Americans from transferring cryptocurrency assets to foreign exchanges to evade taxes.
Circle Paves the Way for USDC in the U.S. Banking System
Stablecoin issuer Circle collaborates with FIS to integrate USDC with the Money Movement Hub, opening up access to $64 billion in market capitalization for traditional banks.
The traditional financial market and cryptocurrency are witnessing significant progress as Circle announces a strategic partnership with FIS, a Florida-based fintech company. This agreement will integrate the USDC stablecoin into the Money Movement Hub platform, paving the way for American banks to access digital assets with a market capitalization of nearly $64 billion.