Gate News Report, March 12 — Sources reveal that HSBC, Standard Chartered, and Hong Kong-based virtual asset trading platform OSL will be among the first institutions to receive a Hong Kong stablecoin license. The report states that the list may be announced as early as next week, but nothing has been finalized yet, and changes are still possible. The Hong Kong Monetary Authority responded by saying they do not comment on market rumors.

Ghana Securities and Exchange Commission designates 11 companies to participate in the virtual asset trading pilot, which lasts for 12 months. Participants include 5 exchanges, 3 asset tokenization companies, 1 tokenized gold company, 1 payment system company, and 1 custodian. Those who meet the requirements can obtain an official license.

Gate News Announcement, March 10th, Hunan Financial Office confirmed that Yuzhi Financial Co., Ltd., under the name of "Virtual Asset Copy Trading," has completely "run away." Currently, police in various regions have opened channels for rights protection registration, and affected users can register through official channels.

Gate News Report, March 10 — Hong Kong Securities and Futures Commission CEO Lisa Leung stated that in 2025, the organization received nearly 900 investment scam complaints, with a quarter related to virtual currencies. The Hong Kong Securities and Futures Commission will collaborate with the police, Customs, the Hong Kong Monetary Authority, licensed brokers, and virtual asset service providers to establish communication channels with licensed institutions and actively cooperate with the police anti-scam coordination center's "24/7 Stop Payment Mechanism" to freeze transactions involving scams or high risks immediately.

Gate News reports that on March 10th, Procurator-General Yin Yong of the Supreme People's Procuratorate delivered a work report to the Fourth Session of the 14th National People's Congress. The report states that by 2025, prosecutorial agencies will intensify efforts against money laundering, prosecuting 3,259 individuals for crimes involving virtual currencies, underground banks, and other methods. Additionally, efforts will be made to lawfully punish telecommunications and online fraud crimes, with 69,000 people prosecuted.

Pudgy Penguins has launched its flagship browser game Pudgy World, which is designed more as a casual mainstream game. The game is set in the virtual world "The Berg," where players complete quests and explore. Adopting a "game first" philosophy, it differs from traditional NFT game models. The market response has been positive, and it is expected to attract more regular players.

Decentralized off-chain computing infrastructure Phala partners with Intel to launch a Trusted Authority, utilizing Intel's Trusted Domain Extension technology to create hardware-isolated confidential virtual machines, promoting the development of AI trust systems. Application scenarios include network services and large language models.

Gate News Announcement, March 10th, Prosecutor General Yin Yong of the Supreme People's Procuratorate delivered the work report of the Supreme People's Procuratorate to the Fourth Session of the 14th National People's Congress. The report states that by 2025, efforts to combat money laundering will be intensified, with 3,259 people prosecuted for crimes involving virtual currencies, underground banks, and other methods of money laundering. Additionally, law enforcement will crack down on telecom and online fraud crimes, with 69,000 people prosecuted.

Gate News Announcement: On March 9, the Financial Intelligence Unit (FIU) of South Korea issued a preliminary notice to a certain CEX for suspected violations of the "Specific Financial Transaction Information Act," engaging in transactions with unreported overseas virtual asset service providers, and inadequate KYC procedures. The exchange has been temporarily suspended for "6 months with partial operation." Responsible personnel will be held accountable. This restriction mainly affects the virtual asset withdrawal function for new users. Existing users' KRW and crypto asset deposits, withdrawals, and trading are temporarily unaffected.

Solana Virtual Machine SOON announces that the soonBase L3 network will be shut down on March 26. The team will focus on artificial intelligence capital markets and related products. Users need to withdraw their assets before the shutdown; remaining assets will be transferred to a team-controlled contract.