7.1 AI Daily Hong Kong digital asset regulation new era: "Policy Declaration 2.0" issued

1. Headlines

1. A New Era of Digital Asset Regulation in Hong Kong: The "Hong Kong Digital Asset Development Policy Declaration 2.0" Officially Released

The Hong Kong SAR Government officially released the "Hong Kong Digital Asset Development Policy Declaration 2.0" on June 26, proposing the "LEAP" framework, aimed at making Hong Kong a global leading digital asset center. This policy declaration provides a comprehensive regulatory framework for the development of digital assets, covering various aspects such as issuance, trading, storage, and management.

The "Policy Declaration" clearly categorizes digital assets into three major categories: utility tokens, governance tokens, and capital market product tokens, and implements differentiated supervision for different types. Among them, utility tokens and governance tokens will not be subject to the new regulatory system, while capital market product tokens must comply with strict issuance, trading, and regulatory requirements.

In addition, the "Policy Declaration" has innovatively set up a "cross-border regulatory trigger"; as long as a stablecoin is "partially or fully" pegged to the Hong Kong dollar, it must be regulated by Hong Kong regardless of whether the issuer is located in Hong Kong. This design directly addresses the cross-border circulation characteristics of mainstream stablecoins such as USDT and USDC, avoiding regulatory arbitrage.

Industry insiders believe that the "Policy Declaration 2.0" has injected new momentum into the development of Hong Kong's digital asset industry, which is beneficial for attracting more quality projects and funds to Hong Kong, further consolidating its position as an international financial center. At the same time, strict regulatory measures will also provide strong protection for investor rights and promote the long-term healthy development of the industry.

2. Bitcoin long-term bullish expectations heat up: Analysts say young people are disappointed with the capitalist system.

Renowned market analyst Jordi Visser stated on Anthony Pompliano's podcast that the younger generation under 25 is increasingly disillusioned with the capitalist system. Influenced by the impact of AI and economic uncertainties, the call for establishing a welfare system through public spending is growing stronger. He pointed out that the government will be forced to continuously alleviate social pressures, which will further drive the long-term value of Bitcoin as an anti-inflation asset.

Visser believes that in the next five years, AI and robots will change the structure of the workforce and accelerate the restructuring of the financial system. Against this backdrop, young people’s disappointment with the existing economic system will continue to grow. "The greater the anger, the harder it is to suppress the price of Bitcoin," he said.

At the same time, the proportion of long-term holders of Bitcoin continues to rise, reflecting the market's recognition of Bitcoin's long-term value. Data shows that investors holding for more than a year now account for over 66%, a historical high.

Analysts point out that Bitcoin, as a decentralized digital asset, maintains a certain distance from traditional financial systems and can serve as a safe haven during economic turmoil. As the younger generation's disillusionment with the existing system continues to grow, the long-term bullish outlook for Bitcoin is expected to persist.

3. The EU may accept Trump's "unified tariff" proposal seeking exemptions for key industries.

According to informed sources, the EU is willing to accept a trade agreement reached with the United States, which includes a "uniform tariff" of 10% on many export products from the EU. However, the EU hopes that the United States will commit to implementing lower tariffs on key industries such as pharmaceuticals, alcohol, semiconductors, and commercial aircraft.

Previously, U.S. President Trump has repeatedly urged the European Union to remove tariff barriers on American products and threatened to impose a 20% punitive tariff on EU cars. The differences between the two sides on trade issues have always been the main cause of the tension.

Analysts believe that the EU's decision to accept the "unified tariff" proposal reflects its desire to ease trade tensions with the United States through compromise. However, the EU's insistence on seeking exemptions for key industries shows that it is still upholding its domestic industrial interests.

If an agreement is ultimately reached, it will help ease global trade tensions and inject a "shot in the arm" into the world economy. However, it may also exacerbate the technological competition between the US and Europe in key areas, affecting the global industrial landscape.

4. Will the price of XRP soar to $3380? Shocking prediction sparks heated discussion.

A recent prediction released by a cryptocurrency analyst has sparked heated discussions: he claims that the price of XRP could soar to an impressive all-time high of $3380. This bold prediction is based on a valuation model, significantly higher than XRP's current trading price.

The analyst believes that due to the broad application prospects of XRP in the global payment settlement field, its value is severely underestimated. He pointed out that as more institutional investors and companies adopt XRP, its price will rise significantly.

However, this prediction has been questioned by other analysts. They believe that the possibility of XRP's price soaring to $3380 is extremely low, as this would push XRP's market value above Bitcoin, which is nearly impossible to achieve under the current circumstances.

Industry insiders point out that XRP, as a utility token, is primarily priced based on its actual application scenarios. Currently, the application of XRP in cross-border payments and digital assets is gradually expanding, which will support its price increase. However, to achieve a price target of several thousand dollars, the XRP ecosystem still needs to make significant progress.

5. The issue of Bitcoin miner taxation has sparked heated discussions, with the industry calling for a fair competitive environment.

MicroStrategy Executive Chairman Michael Saylor recently expressed concerns about tax policies affecting Bitcoin miners in the United States. In a tweet, he emphasized the need to eliminate "unfair taxation" on miners to ensure the United States maintains its dominance in the global cryptocurrency market.

Saylor's remarks have sparked widespread discussion in the industry. Supporters believe that Bitcoin miners, as an important part of the industry's infrastructure, should receive fair tax treatment to maintain the United States' competitiveness in this emerging field.

Opponents are concerned that excessive preferential policies may distort the market environment and affect the long-term healthy development of the industry. They believe that Bitcoin miners should be treated the same as other industries and follow the current tax regulations.

Analysts point out that the tax issues faced by Bitcoin miners reflect the gradual integration of the cryptocurrency industry into the mainstream economy. As regulations become increasingly refined, relevant policies will continue to adjust to meet the development needs of the industry. Only by creating a fair and orderly competitive environment can we promote the long-term sustainable development of the cryptocurrency industry.

2. Industry News

1. Bitcoin is consolidating around $107,000 with significantly decreased trading volume.

The price of Bitcoin has remained relatively stable over the past 24 hours, fluctuating narrowly around $107,000. However, trading volume has seen a significant decline, dropping over 20% since early June, indicating a cooling enthusiasm among market participants. Analysts point out that as the July 9 deadline for U.S. tariffs approaches, concerns about rising import costs and tightening dollar liquidity have intensified, suppressing demand for risk assets.

Deutsche Bank's "Pennsylvania Plan" has begun to attract attention. The plan aims to attract domestic demand through regulatory exemptions, tax incentives, and stablecoin legislation, support government bonds, and promote the popularization of the US dollar stablecoin to alleviate inflationary pressure. However, it remains to be seen whether this initiative can genuinely boost confidence in the crypto market.

Overall, increasing macro uncertainty has made investor sentiment cautious. Bitcoin may maintain a range-bound fluctuation pattern in the short term, which will largely depend on subsequent important economic data and policy direction. Investors need to closely monitor risk events and prudently manage their positions.

2. Continuous inflow of Ethereum ETF funds, price stabilizes around the $2,500 mark.

The price of Ethereum has slightly increased by 3.5% in the past 24 hours, reaching $2,519. Institutional funds continue to flow in, becoming a major supporting force. Data shows that last week, the daily net inflow of Ethereum spot ETFs reached $31.8 million, which is a decrease compared to the previous week but still at a high level.

Analysts believe that the sustained institutional demand, the upcoming network upgrades, and the integration of major retail platforms have provided strong support for Ethereum's price to stabilize around the $2,500 mark. Additionally, Ethereum's weekly relative strength index is approaching a key resistance level, suggesting potential for an upward breakthrough to $3,000.

However, some analysts warn that Ethereum may enter a period of consolidation, as its price may have approached a local peak of this round of increase based on order flow and on-chain indicators. Investors need to closely monitor subsequent capital flows and fundamental changes, and prudently manage risks.

3. Altcoins generally decline, while PayFi and SocialFi sectors are relatively resilient.

Data shows that the cryptocurrency market sectors generally corrected, with only the PayFi and SocialFi sectors remaining relatively strong, rising 1.56% and 0.19% respectively in 24 hours. In the PayFi sector, Monero, Payment, and others rose by 2.77%, 3.97%, and 4.29%; in the SocialFi sector, Toncoin rose by 0.48%.

Analysts point out that the performance of altcoins may be worse than expected, forcing industry participants to re-examine innovation and real application cases. Some once-promising sectors such as NFTs and full-chain gaming have developed slowly or even stagnated, facing more skepticism. In contrast, ecosystems like Solana, Base, TON, and BTCFi have become stronger, emerging as the "new four kings of the crypto industry."

Overall, the cryptocurrency industry is undergoing a profound "great differentiation", with a clearer pattern of survival of the fittest. Investors need to pay attention to the development trends of hot sectors and cautiously manage risks.

4. Good news continues to come from the Solana ecosystem, and the SOL price is expected to break through the resistance of 158 USD in the short term.

Good news continues to come from the Solana ecosystem, with the price of the SOL token rising over 5% in the past 24 hours, reaching a high of $149.96. Sources reveal that the first Solana staking ETF will begin trading this Wednesday, a move that is expected to further encourage institutional funds to enter.

Analysts say that if the price of SOL can successfully break through the resistance level of $158, it will open up further upside potential, with a short-term target possibly pointing to $180. However, some analysts also warn that the Solana ecosystem is about to face a large number of token unlocks, which may put some pressure on the price.

Overall, the development of the Solana ecosystem is receiving significant attention from the market. Investors should closely monitor the flow of funds after the ETF listing, while also guarding against potential supply-side shocks from token unlocks, and operate with caution.

5. XRP, TRON, and Dogecoin funding rates lead, reflecting bullish sentiment.

Data shows that as Bitcoin enters the traditionally weak third quarter, the perpetual funding rates of XRP, TRON, and Dogecoin lead major cryptocurrencies, reflecting bullish sentiment towards these altcoins. Analysts expect significant volatility in the market.

The funding rate is an important indicator for measuring the demand for bullish or bearish positions. When the funding rate is greater than 0.01%, it indicates a generally bullish market; when it is below 0.005%, it indicates a prevailing bearish sentiment. Currently, the funding rates for XRP, TRON, and Dogecoin are at a high level, showing that traders' demand for long positions in these cryptocurrencies is increasing.

However, some analysts have pointed out that the performance of altcoins may be worse than expected, which could force industry participants to reassess innovation and real use cases. Investors need to closely monitor subsequent fundamental changes and manage risks cautiously.

6. Dogecoin price focuses on the key resistance of 0.20 USD, social heat continues to rise.

The price of Dogecoin has fluctuated narrowly around $0.16 in the past 24 hours. Analysts point out that if Dogecoin can successfully break through the key resistance level of $0.20, it will open up further upside potential, with a short-term target possibly pointing to $0.32.

Meanwhile, the social popularity of Dogecoin continues to rise, and traders are becoming optimistic about its future trend. Some analysts believe that the price of Dogecoin may increase by 58% in the coming weeks. However, some analysts also caution to closely monitor changes in technical indicators such as the relative strength index to assess future volatility risks.

Overall, Dogecoin is expected to continue its upward trend in the short term, but investors need to carefully manage their positions to prevent potential correction risks.

7. Cryptocurrency concept stocks generally rose, with Circle leading the increase by over 1.7%.

U.S. stocks related to cryptocurrencies generally rose before the market opened on July 1. Among them, Circle had the largest increase, rising by 1.73%; Immersion and others rose by 2.96% and 5.6%, respectively; while Sharplink Gaming, Microstrategy, Coinbase, and MARA Holdings experienced varying degrees of decline.

Analysts point out that the performance of cryptocurrency concept stocks is often closely related to the overall trends in the cryptocurrency market. Recently, as major cryptocurrencies like Bitcoin have stabilized, investor sentiment towards related concept stocks has warmed. However, some analysts also caution that the volatility of concept stocks is often greater than that of the cryptocurrencies themselves, and investors need to carefully manage their risks.

Overall, cryptocurrency concept stocks are expected to continue their upward trend in the short term, but investors need to closely monitor changes in the cryptocurrency market and operate with caution.

3. Project Highlights

1. Gate推出AI驱动智能交易助手GetAgent

Get is an emerging cryptocurrency exchange that has recently launched an AI-driven smart trading assistant named GetAgent. GetAgent integrates AI algorithms, real-time data, and over 50 professional-grade trading tools, allowing users to obtain personalized market analysis, trading strategies, and execution suggestions through simple conversations, significantly enhancing trading efficiency.

GetAgent can track price fluctuations in real-time. By combining users' trading history, preferences, and focused assets, it intelligently responds to market changes and provides personalized technical indicators, sentiment analysis, and data insights to help users seize trading opportunities. It monitors market dynamics around the clock, effectively reducing the time cost of switching between multiple platforms, enhancing operational efficiency and judgment accuracy.

The launch of this product signifies that cryptocurrency exchanges are actively embracing AI technology to provide users with a smarter trading experience. Industry insiders believe that AI assistants will become a standard feature in future exchanges, potentially driving a comprehensive improvement in trading efficiency and user experience. However, the accuracy and security of AI assistants still need further verification, and their long-term impact remains to be tested by the market.

2. Trusta.AI announced the TA token economic model, with an airdrop accounting for 3%.

Trusta.AI is a company focused on cybersecurity and privacy, which recently announced the economic model of its token TA. The total supply of TA is 1 billion tokens, with early investors accounting for 13%, core contributors for 21%, and the community, ecosystem, and foundation for 66%. It is worth noting that the airdrop allocation accounts for only 3%.

The company stated that the TA token will be used to support the development of the Trusta.AI ecosystem, including incentivizing community contributors and paying service fees. The lower airdrop ratio aims to prevent the token price from being excessively influenced by speculation, ensuring that the token value aligns with the ecosystem value.

Analysts believe that the token economic model of Trusta.AI is well-designed and beneficial for the long-term development of the ecosystem. However, due to the low proportion of airdrops, it may affect the liquidity of the token in the secondary market. Overall, the model reflects the company's emphasis on cybersecurity and privacy, and is expected to bring a positive impact to the industry.

3. Lightchain AI completed a $21 million financing and plans to launch its mainnet in July.

Lightchain AI is a blockchain project focused on building scalable infrastructure that supports next-generation artificial intelligence applications in decentralized environments. The project recently completed a total financing of 21 million USD and plans to launch its mainnet in July.

After the launch of the Lightchain AI mainnet, it will support the training, deployment, and commercialization of AI models, providing developers with one-stop AI infrastructure services. The project has also initiated a developer grant program of $150,000 to encourage community collaboration and open-source contributions, enhancing transparency before the mainnet release.

Industry insiders believe that Lightchain AI provides strong support for the integration of AI and blockchain technology, and is expected to promote the decentralized development of AI applications. However, the project is still in its early stages, and its technical feasibility and business model need further validation. Overall, Lightchain AI represents a new trend in industry development and is worth ongoing attention.

4. New Trends in the Sui Ecosystem: Grayscale Trust and Native USDC Launch

Sui is an emerging public chain based on the Move language, and its ecosystem has recently seen two important developments: Grayscale Trust and the launch of Native USDC.

Grayscale Trust is a product that allows institutional investors to safely store and trade digital assets, and its launch on Sui is expected to attract more institutional funds into the ecosystem. At the same time, the launch of Native USDC provides native stablecoin support for the Sui ecosystem, which is beneficial for building financial applications such as DeFi.

Analysts believe that these two trends signify that the Sui ecosystem is developing towards maturity. The addition of Grayscale Trust and Native USDC not only enhances the security and practicality of Sui but also lays a foundation for its future development. However, Sui is still in its early stages of development, and its ecosystem construction will require time.

5. Polygon Labs and GSR launch Katana blockchain focused on DeFi

Polygon Labs and the crypto trading firm GSR recently launched a new Ethereum ecosystem blockchain called Katana, focusing on the decentralized finance (DeFi) sector.

The Katana blockchain aims to address two major pain points in the DeFi space: unsustainable returns caused by token inflation and the fragmentation of digital assets across multiple chains and applications. This blockchain will adopt an innovative token economic model and cross-chain interoperability solutions to provide a more sustainable and efficient operating environment for DeFi applications.

Industry insiders believe that the launch of the Katana blockchain reflects the industry's emphasis on the development of DeFi. By focusing on addressing the pain points of DeFi, Katana is expected to drive innovation in this field and attract more funds and users. However, whether it can ultimately achieve its goals will take time to verify.

6. Centrifuge collaborates with S&P Dow Jones Indices to bring the S&P 500 index on-chain

Centrifuge is a lending protocol focused on on-chain assets, and recently announced a collaboration with Standard & Poor's Dow Jones Index ( S&P DJI ) to put the S&P 500 index on-chain.

Through this collaboration, Centrifuge will provide on-chain proof infrastructure for the S&P 500 index, enabling it to be used as collateral to support on-chain lending and other financial applications. This not only aids in the tokenization of traditional financial assets but also brings new development opportunities for blockchain finance.

Analysts believe that this move marks a further integration of traditional finance and crypto finance. As more traditional assets are tokenized and brought on-chain, blockchain finance is expected to gain a broader development space. However, the formulation of relevant regulatory policies remains a significant challenge, requiring close cooperation between the industry and regulatory bodies.

7. Resupply sends a communication request to the hacker, hoping to recover the stolen funds.

On June 26, the DeFi protocol Resupply was hacked, resulting in a loss of approximately $9.6 million in crypto assets. After the incident, Resupply's founder Yu Xian issued a communication request to the hacker's address on-chain, hoping to recover the stolen funds.

The cosine indicates that the Resupply team is willing to engage in open dialogue with the hackers to resolve their differences and has provided an on-chain address for communication. However, the hackers have not responded yet.

Industry insiders believe that Resupply's move aims to recover losses through reconciliation and avoid further legal disputes. However, due to the anonymity of the hacker's identity, there is still significant uncertainty about whether both parties can reach an agreement. Overall, this incident has once again raised the industry's emphasis on security, prompting more projects to strengthen their defenses.

4. Economic Dynamics

1. The Federal Reserve's interest rate cut expectations are heating up, and the market is paying attention to the economic outlook.

Economic Background: The US economy performed moderately in the first half of 2025, with GDP growth slowing to 2.1% and the inflation rate remaining high at 5.2%, while the job market remained robust. Nevertheless, trade tensions and geopolitical risks have intensified downward pressure on the economy.

Important event: Federal Reserve Chairman Powell hinted in his latest speech that if inflation continues to rise, consideration will be given to raising interest rates in response. However, institutions such as Goldman Sachs expect the Federal Reserve to begin a rate-cutting cycle in September, with three consecutive cuts of 25 basis points expected within the year. This aligns with the stance of the Trump administration, as Trump has repeatedly publicly criticized the Federal Reserve's policies as being too "hawkish."

Market reaction: The warming expectation of interest rate cuts has boosted market confidence in the economic outlook. The S&P 500 index rose 0.8% on Friday, ending a three-week streak of declines. Meanwhile, the dollar index fell slightly, helping to alleviate pressure on corporate export costs. The bond market reflects concerns about an economic slowdown, with the 10-year Treasury yield sliding to 2.15%.

Expert Opinion: Jan Hatzius, Chief Economist at Goldman Sachs, believes that the effects of tariffs are lower than expected, inflationary pressures are easing, and the labor market is weak, which will drive the Federal Reserve to start a rate-cutting cycle in September. However, she cautioned that "a rate cut is not expected in July unless this week’s employment data is significantly worse than expected." On the other hand, analysts at Morgan Stanley are cautious about recent rate cuts, believing that the likelihood of the Federal Reserve cutting rates in the short term is low.

2. EU and US trade negotiations have stalled, casting a shadow over the global economic outlook.

Economic Background: The European economy showed weak performance in the first half of 2025, with an annualized GDP growth rate of only 0.9%, below expectations. The unemployment rate slightly rose to 6.8%, and the manufacturing PMI continued to contract, reflecting weak demand. The inflation rate hovered around 2.1%, close to the ECB's target range of 2%.

Important event: Trade negotiations between the EU and the US on issues such as digital taxes have reached a deadlock. European Commissioner for Trade, Valdis Dombrovskis, stated that the EU will not make concessions in the negotiations, and legislation on digital taxes is not on the agenda. Meanwhile, the Trump administration insists that the EU ease regulations on American tech giants.

Market reaction: The escalating trade tensions have increased downward pressure on the global economy. European stock markets fell in response, with the German DAX index closing down 1.2% on Friday. The euro dipped slightly against the dollar to 1.12. European Central Bank Governing Council member Kazaks warned that a 10% tariff on EU products by the U.S. would severely impact European exports.

Expert Opinion: Economists at Capital Economics stated in a report that Trump's tariffs and trade tensions remain a major risk for Asia, with Vietnam being the most vulnerable economy. Goldman Sachs analysts believe that the Eurozone economy will further slow down in the second half of the year, with an expected annual GDP growth rate of only 1.1%. They warned that "any further rate cuts will be very limited," and the ECB's policy tools are running low.

3. South Korea restarts the "Kimchi Bond" market to cope with capital outflow pressure.

Economic Background: South Korea's economy is expected to maintain moderate growth in the first half of 2025, with an annualized GDP growth rate of 2.4%. However, weak exports and sluggish household consumption have dragged down economic performance. The inflation rate remains low at 1.8%, and the job market is also under some pressure.

Important event: The Bank of Korea has restarted the "Kimchi Bond" market to address the pressure of capital outflows. "Kimchi Bonds" refer to foreign currency bonds issued by foreign entities in South Korea. This move stems not only from regulatory relaxation but also aims to attract foreign investment inflows and alleviate capital outflow pressure.

Market reaction: The South Korean stock market and the won exchange rate saw a slight increase following the announcement. However, market participants are cautious about the actual effects of this measure. Data from the Korea Bond Market Association shows that the net outflow of funds from the South Korean bond market reached 42 billion USD in the first half of this year.

Expert Opinion: Goldman Sachs analysts state that the South Korean central bank's decision to restart the "Kimchi Bond" market is logical. They believe that this move will help ease capital outflow pressure and inject new vitality into the South Korean economy. However, they caution that if trade tensions escalate further, the South Korean export sector will face a heavy blow.

5. Regulation & Policy

1. The Monetary Authority of Singapore tightens regulations on cryptocurrency trading to curb money laundering and other financial crimes.

The Monetary Authority of Singapore ( MAS ) issued a statement indicating that it will tighten regulations on cryptocurrency transactions to curb financial crimes such as money laundering using cryptocurrencies. This initiative aims to strengthen the regulation of cryptocurrency service providers and maintain the reputation and integrity of Singapore as a financial hub.

Policy Background: As one of Asia's major financial centers, Singapore has maintained a cautious approach to the regulation of crypto assets. With the continuous growth of cryptocurrency trading activities, the risks of money laundering and other illegal activities have also increased. The MAS believes it is necessary to take further measures to strengthen the regulation of crypto asset service providers.

Policy Content: The MAS has raised the threshold for issuing the "Digital Token Payment Service" ( DTSP ) license, and generally will not issue such licenses. For companies that have already obtained the DTSP license, the MAS will strengthen on-site inspections and audits to ensure compliance with anti-money laundering and anti-terrorism financing regulations. In addition, the MAS will enhance cooperation with other regulatory agencies to share information and intelligence.

Market response: The cryptocurrency industry understands this policy, believing it helps curb illegal activities and increases compliance and transparency in the industry. However, there are also industry insiders who are concerned that overly strict regulations may hinder the development of Singapore's cryptocurrency industry, leading to a loss of innovation and investment.

Expert Opinion: Zhang Wei, Director of the Asia Blockchain Research Institute at the National University of Singapore, stated: "Cryptocurrencies do carry the risk of being misused for money laundering and other illegal activities, so appropriate regulation is needed. However, regulatory measures should balance risks and innovation, avoiding excessive restrictions on legitimate cryptocurrency applications."

2. The U.S. Senate voted to remove the artificial intelligence regulatory ban from the Trump tax reform bill.

The U.S. Senate voted to remove the ban on artificial intelligence regulation from the Trump tax reform bill, a move that could clear the way for future AI regulatory policy.

Policy Background: The Trump administration has been promoting policies for tax cuts and spending reductions aimed at stimulating economic growth. However, a provision was included in the tax reform bill that prohibits the federal government from developing regulatory policies for artificial intelligence, sparking widespread controversy. Supporters argue that this can prevent excessive regulation from hindering AI innovation, while opponents are concerned that a lack of regulation could pose risks.

Policy Content: The Senate voted to remove the ban clause, which means the federal government can formulate regulations for artificial intelligence in the future. However, the specific regulatory details have yet to be determined and will require further legislation and debate.

Market Reaction: Technology companies have reacted differently to this. Some companies welcome the decision, believing that appropriate regulation is beneficial for the long-term healthy development of the industry. However, some companies are concerned that excessive regulation will increase compliance costs and hinder innovation. Investors are also worried about the uncertainty of future regulatory policies.

Expert Opinion: Kai-Fu Lee, Director of the Stanford Artificial Intelligence Research Institute, stated: "The development of artificial intelligence technology is rapid, and there must be corresponding regulatory measures to ensure its safe and responsible application. However, regulatory policies need to balance innovation and risk and should not be overly rigid. We need a flexible regulatory framework that can adjust as technology evolves."

3. The Financial Action Task Force warns of the crime risks associated with stablecoins and calls for enhanced regulation.

The Financial Action Task Force ( FATF ) recently issued a warning about the rising criminal activities related to stablecoins, urging countries to strengthen regulation of stablecoin issuers, implement real-time monitoring, and enhance international cooperation.

Policy Background: With the popularization of cryptocurrencies, stablecoins, as digital tokens linked to fiat currencies, are increasingly used in payments and transactions. However, at the same time, stablecoins are also exploited by some criminals for illegal activities such as money laundering. As the organization that sets global anti-money laundering standards, the FATF needs to take action to address this risk.

Policy content: The FATF calls on countries to unify regulatory standards for stablecoin issuers, requiring them to implement real-time transaction monitoring, identify and report suspicious activities. At the same time, the FATF also suggests strengthening information sharing and cooperation among countries to combat cross-border criminal activities.

Market reaction: Stablecoin issuers have expressed understanding and support for this policy, stating that they will strengthen internal compliance measures and actively cooperate with regulatory requirements. However, some industry insiders are concerned that excessive regulation will increase compliance costs and impact the development of stablecoins.

Expert Opinion: Jessica Hartley, policy advisor at the blockchain analysis company Chainalysis, stated: "Stablecoins do carry the risk of being misused for criminal activities, and therefore appropriate regulation is needed. However, regulatory measures should follow a risk-based approach, with differentiated regulatory requirements for different types of stablecoins."