The Central Bank of Malaysia plans to provide clearer guidance on the use of stablecoins and tokenized deposits by the end of 2026.

Ye Zhiheng: The Hong Kong Securities and Futures Commission is tendering for the "Regulatory Communication Accelerator" program, which will introduce third-party service providers as communication bridges.

The Hong Kong Securities and Futures Commission has officially announced the "Accelerator" program tender, aimed at optimizing regulatory and market communication. Meanwhile, Ye Zhiheng added measures for financial funding and perpetual contracts to ensure two-way interaction and participation of professional investors, promoting global liquidity connectivity.

$6 Trillion Deposit Defense! Traditional Finance Banks Reject White House Stablecoin Compromise Plan

The White House held its second meeting on Tuesday, attempting to mediate the disagreement between the banking industry and the crypto industry over stablecoin yield issues. However, TradFi bank representatives brought a "principles document" insisting on a complete ban. The document calls for prohibiting any financial or non-financial incentives to stablecoin holders, emphasizing that stablecoin activities must never trigger deposit outflows.

Japan's Financial Services Agency releases "Draft Guidelines for Strengthening Cybersecurity for Crypto Exchanges" and opens for public comments

The Japanese Financial Services Agency has released a draft of the cybersecurity enhancement guidelines, publicly soliciting opinions until March 11. The draft emphasizes the need to strengthen security management across the entire supply chain of encrypted exchanges to counter increasingly sophisticated cyberattacks, and proposes a three-pillar approach of "self-help, mutual aid, and public assistance."

EU considers banning all crypto transactions with Russia

The EU is considering a ban on all crypto transactions with Russia to prevent Moscow from circumventing sanctions imposed due to the Ukraine conflict. The proposal aims to target Russian crypto entities that support military operations and to restrict exports to Kyrgyzstan due to concerns over arms trade.

Feng Yi Liang announces three new initiatives: Hong Kong plans to allow licensed platforms to offer perpetual contract products and virtual asset collateralized financing services, and relax regulations on related market makers.

Hong Kong Securities and Futures Commission Chief Executive Julia Leung stated at Consensus 2026 that an ecosystem for virtual asset regulation will be established, along with three new initiatives, including allowing brokers to provide virtual asset financing for clients, establishing a regulatory framework for perpetual contracts, and relaxing related market maker regulations. Tokenized asset management is growing rapidly, and the SFC has authorized multiple tokenized funds and plans to work with the SAR government to advance legislation.

White House Stablecoin Meeting Reaches Impasse as Banks Insist on Limiting Yield Terms

On February 11, U.S. cryptocurrency and banking industry executives held a meeting at the White House to discuss the stablecoin yield and related market structure legislation. Both parties described the talks as "productive," but no agreement was reached on key issues. Participants included Ripple, the Cryptocurrency Innovation Committee, the Blockchain Association, as well as major banks such as Goldman Sachs, Citigroup, JPMorgan Chase, and representatives from the American Bankers Association. During the meeting, banks took a hard stance on stablecoin yields. According to leaked documents, the banks proposed a set of "prohibition principles," advocating for a complete ban on any financial or non-financial benefits related to holding or using payment stablecoins, and strict enforcement of anti-avoidance measures to prevent any form of yield or interest promotion beyond the limits. This position goes beyond the latest draft of the Market Structure Bill, which only prohibits passive holding of stablecoin-generated yields but allows limited active reward activities. The banks emphasized that any yield exemptions should be strictly restricted.