The Hong Kong Securities and Futures Commission issues a virtual asset trading platform license to VDX, bringing the total number of licensed platforms to 12.

South Korea is drafting a Digital Assets Framework Act, and stablecoin issuance must obtain bank-level authorization

The Democratic Party of Korea introduced the “Digital Assets Basic Act,” establishing a digital asset regulatory framework, including issuance requirements for stablecoins and rules governing market conduct. In addition, the Financial Services Commission requires exchanges to implement a uniform withdrawal delay to combat voice scams. The core of the bill centers on a dispute over the eligibility requirements for stablecoin issuance, with the central bank and the Financial Services Commission taking different positions.

New U.S. FDIC rules! Stablecoin reserves face strict requirements and are not covered by the $250k per-person deposit insurance benefit

The U.S. FDIC has introduced a regulatory framework for stablecoins, requiring a 1:1 reserve, liquidity, and a redemption window within two days. The bill does not apply deposit insurance and is intended to ensure stability in the financial system. The FDIC has clearly set capital requirements and limits on earnings, and has clarified the security and compliance of stablecoins. This proposal is currently in a public comment period.

Gate Daily Report (April 9): New SEC Enforcement Chief Controversy; U.S. Treasury Department Urges Stablecoin Issuers to Comply

Bitcoin (BTC) gives back the overnight gains, temporarily trading at around $70,650 on April 9. The U.S. SEC appointed David Woodcock as its new Enforcement Director, after concerns were raised about how crypto cases would be handled following the departure of the prior official. The U.S. Treasury is planning to require stablecoin issuers to take on anti-money-laundering and sanctions compliance obligations.

South Korea’s ruling party proposes a “Digital Asset Basic Act,” aiming to establish a comprehensive regulatory framework and strengthen stablecoin regulation

Gate News message, April 9, according to a report by CoinDesk, South Korea’s ruling party has proposed a “Basic Act on Digital Assets,” aiming to establish a comprehensive legal framework covering issuance, trading, custody, and regulation. The bill would classify digital assets such as stablecoins—those pegged to fiat currencies or real-world assets—as a special category, requiring issuers to obtain licenses and meet requirements including capital, reserves, and redemption. The bill also plans to introduce a licensing and information disclosure system, clearly prohibiting market manipulation and insider trading, and intends to set up a Digital Assets Committee to coordinate regulatory oversight.

The U.S. Department of the Treasury is planning to issue new anti-money-laundering rules for stablecoins, strengthening sanctions compliance requirements

The U.S. Treasury plans to jointly issue new regulations requiring stablecoin issuers to establish anti-money laundering and sanctions compliance systems to address suspicious transactions and comply with the Bank Secrecy Act. This move is intended to advance the implementation of the GENIUS Act, which is expected to take effect in 2027.

Prediction markets win big! Court rules: New Jersey has “no authority to ban” Kalshi from launching sports event contracts

The U.S. federal appeals court ruled that the state of New Jersey lacks authority to block the sports contract offerings of the prediction market platform Kalshi, which are regulated by the CFTC, stating that federal law takes precedence over state law. Although Kalshi prevailed, experts said this is only a temporary victory and that the Supreme Court will ultimately have to decide the jurisdiction issue.