The Trump administration is considering requiring banks to collect customer citizenship information.

Implement the Genius Act! The U.S. will regulate stablecoin issuers and require the ability to freeze transactions for “anti–money laundering” purposes

The U.S. Department of the Treasury classifies stablecoin issuers as financial institutions, requiring them to comply with anti-money-laundering regulations and designating U.S. residents with no criminal record as compliance officers. The new requirements give issuers the authority to freeze transactions, emphasizing the protection of the financial system and the promotion of technological development. However, regulatory pressure and political leverage still exist, and the outlook for the market remains to be seen.

Hong Kong Monetary Authority: Will continue to communicate with institutions that have not yet been granted stablecoin licenses in the first batch, and is open but cautious about issuing additional licenses

Gate News message, on April 10, the Hong Kong Monetary Authority said it would maintain communication and engagement with the first batch of applicants that did not receive a license, as well as other institutions that apply in the future, to review these applications under uniform regulatory standards and requirements. Regarding the later issuance of stablecoin licenses and the timeline, the Monetary Authority has an open yet cautious attitude, and at this stage there is no clear inclination.

Brittle rumor: Taiwan’s special law passing means USDT withdrawals will be banned! Crypto City takes you through, one by one, to break down panic-filled fallacies

There are netizens on Threads claiming that Taiwan’s special act will ban USDT trading, and that it is actually fear-based marketing. Experts emphasize that the draft allows offshore stablecoin trading and urge people to choose legitimate exchanges to avoid scams and risks. The government will penalize unregistered underground coin traders according to law, and the public should stay rational and not easily believe online rumors.

The Banque de France calls for stronger restrictions on stablecoin payments under the MiCA framework

Gate News message, April 10, Denis Beau, Deputy Governor of the Banque de France, called for limiting the use of stablecoins in payments under the framework of the European Union’s Markets in Crypto-Assets regulation (MiCA), especially stablecoins pegged to currencies other than the euro. French regulators are strengthening oversight of crypto assets from multiple directions.

“Sports Betting Contract” is a derivative! The U.S. CFTC blocks local law enforcement to fight for regulatory control of prediction markets

The U.S. federal government argues that sports event wagering should be treated as a financial derivative rather than gambling, and it seeks to bar Arizona from enforcing against Kalshi, the prediction market platform. If the court backs the federal position, prediction markets will operate under uniform nationwide regulation, weakening each state’s ability to regulate. This legal dispute concerns the legitimacy of prediction markets and the allocation of regulatory authority, affecting the future development of the industry.

A certain CEX offers temporary relocation options for employees in the United Arab Emirates to deal with regional conflict

Amid the impact of the Iran war, a certain CEX offered about 1,000 temporary relocation options for its employees in the UAE, including to places such as Hong Kong. Its UAE operations remain normal, and global user services are unaffected. This move is intended to address disruptions to cryptocurrency activities caused by regional conflicts.