Landmark week for crypto market – Fixygen review

Ринки 02.10.2025    17:14

Last week brought several landmark events to the crypto industry, reflecting both the growth of the sector and tighter regulation.

China

• The PRC Banking Regulatory Commission has unofficially instructed brokers in Hong Kong to suspend business in the field of RWA (tokenized real assets).
• The decision was explained by the need to control risks and verify the real business basis of projects.
• Contrast: mainland China maintains a strict ban on cryptocurrency trading, while Hong Kong, on the contrary, positions itself as a hub for digital assets.

South Korea

• Between January and August, 36,684 suspicious crypto transactions were recorded — more than in 2023-2024 combined.
• 90% of violations are related to “hwangchigi” schemes (illegal currency transfers through offshore companies).
• Since 2021, prosecutors have been handed cases involving crypto crimes worth $7.1 billion.

UAE

• The Ministry of Finance has signed the multilateral CARF (Crypto-Asset Reporting Framework) agreement on the automatic exchange of tax information.
• The implementation of the regulation is planned for 2027, with the first data exchanges in 2028.
• Public consultations have already been launched with the participation of exchanges, custodians, and wallet providers.

Stablecoins

• Companies in the sector have attracted $621.8 million in investments since the beginning of the year (7 times more than in the whole of 2024).
• The record round was $300 million from Hong Kong's OSL Group.
• The capitalization of stablecoins has reached $297 billion, with a forecast of $1 trillion by 2028.
• Market leaders Circle and Tether are facing competition: JPMorgan, Stripe, Bank of America, and Citigroup are preparing their own stablecoins.

Ukraine

• The NBU accused the fintech service Trustee Plus of providing payment services without a license.
• The company considers the claims to be partially unfounded, but the regulator demands to restrict P2P transfers and settlements in euros.
• Experts call the situation a “dangerous precedent” for the market, which already lacks a specific law on virtual assets.

The week was a landmark one for the crypto market: investments in stablecoins and new products from Wall Street strengthened institutional confidence, while regulatory initiatives in China, Korea, and Ukraine serve as a reminder of the high risks involved. In the coming months, the market will see a clash between two trends: large-scale institutional growth and increased government control.

Теги:   Fixygen Crypto Market Переглядів:   70