The European Central Bank advances the digital euro, while the regulatory framework for central bank digital currencies in various countries awaits clarification.

BridgeNomad

2025-07-10 13:50:44

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Crypto Assets Regulation and Industry Trends

Regulatory Trends

ECB President Lagarde stated that Bitcoin is a speculative asset that requires regulation. She hopes to launch the digital euro within 5 years. The ECB Governing Council is discussing whether to advance the digitalization of the euro, but no clear decision has been made yet.
The International Monetary Fund report shows that nearly 80% of central banks globally are legally not allowed or it is unclear whether they can issue digital currencies. The IMF reviewed the central bank laws of 174 member countries and found that only about 40 countries are legally permitted to issue digital currencies.
The Central Bank of Russia has proposed new banking regulations that allow financial institutions to freeze accounts of individuals or companies deemed to be related to encryption activities. The new regulations will label encryption-related transactions as "suspicious transactions" that may involve money laundering or terrorist financing. This amendment is expected to be issued in October this year.

Industry News

The BSN Open Permissioned Chain will officially launch on the Chinese official website on January 31. BSN plans to establish a universal digital payment network within 5 years, create more public city nodes, and promote private BSN, among other initiatives.
Bitcoin Core released version 0.21.0, which incorporates Schnorr Signature and Taproot related features. The next version will be named 22.0 and is scheduled for release on August 1.
Creditors may demand that Mentougou compensate up to 90% of the remaining BTC.
A certain Crypto Assets custodian has been approved by the Office of the Comptroller of the Currency, becoming the first nationwide digital asset bank.
The mayor of Miami, USA is considering investing part of the treasury reserves in Bitcoin, hoping to make the city one of the most encryption-forward cities in the United States.
Osprey Funds launched a Bitcoin Trust Fund with management fees that are a quarter of a competitor's.
Biden will appoint former CFTC chairman Gary Gensler as SEC chairman. Gensler has an in-depth understanding of Crypto Assets technology.
A certain asset management company has resumed subscriptions for crypto asset trusts excluding ETH and XRP, and has dissolved the XRP trust.
A certain asset management company had a total fund inflow of 3.3 billion USD for all products in the fourth quarter of 2020, with institutional investors accounting for 93%.
Forbes released the Crypto Assets billionaires list, with Gemini co-founder ranking first with a net worth of $1.4 billion.

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