Wyoming Stablecoin Committee Hiring 2026 Summer Legal Interns to Participate in Digital Asset Regulatory Framework Development

Jack Dorsey posted to confirm that Apple has removed Bitchat, the decentralized messaging software, at China’s request.

Block CEO Jack Dorsey confirmed that Apple has removed the decentralized communications app Bitchat in accordance with China’s requirements because it violates China’s Cybersecurity Law. Bitchat uses Bluetooth and a mesh network for communication and does not rely on the internet, which is why it has been widely used in protests. The app can still be used in other countries, and the global download count has exceeded 3 million.

U.S. CFTC Chair: The federal regulatory framework is clear that the CFTC has jurisdiction over prediction markets

Gate News message: On April 6, U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig posted on the X platform that U.S. federal law clearly states that the derivatives market is regulated by the CFTC. Whether it is prediction markets related to sports, politics, or oil prices, under the federal regulatory framework the CFTC has clear jurisdiction to regulate these markets, and it is obligated to uphold the relevant regulations.

Polymarket and Kalshi Face Setbacks as Prediction Markets Confront Legitimacy Questions - Unchained

This week, major prediction market platforms Polymarket and Kalshi faced significant backlash, highlighting the divide between regulatory approval and public acceptance. Polymarket withdrew controversial betting markets after public outcry, while Kalshi's contract offerings were banned in Nevada, stressing the industry's legitimacy challenges.

Korea’s FSC requires exchanges to set up an asset reconciliation system every 5 minutes, to be deployed by the end of May

The Korea Financial Services Commission requires all cryptocurrency exchanges to set up a system to verify assets every 5 minutes, and to complete it by the end of May. It found that some exchanges’ verification frequency is insufficient and that there are defects in their trading circuit breaker mechanisms; all exchanges are required to publish their asset balances and submit to audits. The regulatory measures stem from an operational mistake at an exchange in February.

China orders Apple to pull Dorsey's Bitchat, the messaging app used during Iran protests

Apple removed Bitchat, a decentralized messaging app by Jack Dorsey, from its China App Store at China's request, citing regulatory violations. Despite this, the app remains available globally and has seen over three million downloads.

Russia Moves to Formalize Cryptocurrency Market With New Legislation

Russia's State Duma has introduced three bills to regulate cryptocurrency transactions, allowing limited access for non-qualified investors. The legislation mandates tax reporting and penalties for illegal use, aiming to create a structured digital asset market while predicting closures of non-compliant exchanges.