Crypto Regulation

Hong Kong has officially approved its first spot Solana (SOL) exchange-traded fund, becoming the latest jurisdiction to embrace direct exposure to the network’s native token. The approval positions the city even further ahead of the United States, where regulators have yet to authorize a single Solana-based ETF.

China has reportedly stepped in to halt stablecoin initiatives by Ant Group and JD.com in Hong Kong, reigniting the debate over who holds the “right of coinage” in the world’s second-largest economy.

Ghana’s central bank is moving quickly to bring digital assets under formal regulation, with officials targeting December 2025 to introduce the country’s first comprehensive crypto framework — a move that could reshape one of West Africa’s most active digital economies.

Florida is once again making headlines in the digital asset world — this time with a fresh proposal that could see the state become one of the first in the U.S. to formally invest public funds in Bitcoin.

Laos is preparing to cut off its electricity supply to cryptocurrency mining operations by the first quarter of 2026, as the government looks to focus its resources toward industries that could help the country generate greater economic value, as announced by the Deputy Energy Minister Chanthaboun Soukaloun.

Japan is gearing up for one of its toughest crackdowns yet on the crypto industry — and this time, it’s targeting the kind of secretive deals that have long lurked in the shadows of digital finance.

Japan is planning to ban insider trading in cryptocurrencies for the first time, bringing digital assets under the same rules as traditional securities. The new law will give regulators power to investigate and penalise traders who profit from non-public information.

Kenya has taken a historic step toward formalizing its fast-growing digital asset market with the passage of the Virtual Asset Service Providers Bill, 2025, creating the country’s first comprehensive regulatory framework for cryptocurrencies and related businesses.

California has made it official that unclaimed cryptocurrencies like Bitcoin and Ethereum must be kept safe instead of being turned into cash. Custodians must notify owners and hand over dormant crypto to licensed state custodians who manage the assets securely.

Circle has no immediate plans to launch a Hong Kong dollar stablecoin and is focusing on growing its USDC and EURC tokens. The company remains open to partnerships with local firms and is exploring multi-currency stablecoin opportunities.