Hong Kong Securities and Futures Commission approves Victory Fintech Virtual Asset Trading Platform License

Belarus Approves Crypto Banks to Support 26 Cryptocurrencies and 11 Business Categories

Gate News message, April 24 — Belarus will allow crypto banks to support 26 cryptocurrencies and offer 11 types of services, according to Alexander Egorov, First Deputy Chairman of the National Bank of Belarus, speaking at the Digital Banking 2026 conference. The supported cryptocurrencies include m

Declare Your Crypto or Face Jail: South Africa’s Aggressive New Capital Flow Rules

South Africa’s proposed capital flow management regulations 2026 introduce strict new requirements for travelers entering or leaving South Africa with cryptocurrency. Key Takeaways South African Treasury draft rules require visitors to declare crypto or face up to 5 years in prison. New 2026 cap

U.S. OCC Sets Draft Framework for Stablecoin Issuers Under GENIUS Act Framework

OCC draft sets federal rules for stablecoin issuers and custody services, focusing on safety and regulatory compliance. Proposal excludes AML and sanctions rules, leaving those areas for separate coordination with Treasury agencies. Framework marks initial step in multi-agency

Tether freezes $344 million in USDT on the Tron network: OFAC collaboration, two addresses implicated in sanctions evasion

According to a Decrypt 4/23 report, stablecoin issuer Tether froze two wallets on the Tron chain that day, totaling $344 million USDT—one of the largest single-instance freezing actions in Tether’s history. The entity coordinating the action did so in conjunction with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies. The two addresses were marked as allegedly involved in sanctions evasion, criminal networks, or other illegal activities. Two Tron addresses total $344 million USDT frozen Decrypt cites Tether data, saying that this freeze was concentrated on the Tron network, broken down into the following two transactions: Address (prefix) Frozen amount Chain TNiq9…QZH81 About $213 million USDT Tron

JPMorgan: DeFi hackers are increasingly common, and interest in compression mechanisms to address TVL stagnation is drawing capital into USDT

JPMorgan Chase’s report believes that DeFi continues to face ongoing vulnerabilities, cross-chain bridge and oracle attacks are frequent, causing TVL to stagnate and weakening institutional investors’ willingness to invest, with capital shifting to USDT that is traceable and can be frozen. The KelpDAO and Rhea Finance attacks reveal risk-management risks; centralized stablecoins and custodial solutions are more favored. In the long run, improving this will require going beyond insurance and governance. DeFi will not be able to return to the 2021 era of high TVL, and stablecoins will become even more concentrated.