Dutch regulator bans Polymarket from operating in the country

The Netherlands bans Polymarket, deeming it illegal gambling. Prediction markets are facing setbacks across Europe.

The Dutch gambling regulatory authority KSA has classified Polymarket as illegal gambling, requiring it to cease operations locally and imposing a fine of €420,000 per week. The article discusses the legal positioning and regulatory trends of prediction markets, showing that Europe is tightening its stance compared to the more lenient approach in the United States, and emphasizes the regulatory challenges faced by Polymarket and the double-edged sword effect of globalization.

The U.S. SEC allows broker-dealers to include stablecoin capital at a 2% discount, promoting the development of tokenization and crypto businesses.

The U.S. Securities and Exchange Commission (SEC) latest guidelines allow securities brokers to apply a 2% discount rate to stablecoin holdings when calculating capital, significantly reducing the capital cost of stablecoins and enhancing their compliance status. This change promotes the development of tokenized securities and crypto asset businesses and is seen as an important step by the SEC to modernize crypto regulation.

President of the Hong Kong Securities and Futures Professionals Association, Chen Zhihua: Virtual asset industry practitioner approval applications must be open and transparent

President of the Hong Kong Securities and Futures Professionals Association, Chen Zhihua, stated that virtual asset license applicants are required to take an opaque regulatory exam, which increases compliance costs and affects business development. The association recommends suspending the exam requirement and establishing a public consultation mechanism to promote fairness and feasibility of policies.

WLFI Token Drops as Senators Demand UAE Investment Probe

The WLFI token dropped 8% amid U.S. Senators' concerns over the UAE's stake in World Liberty and potential national security risks. Despite scrutiny and calls for a CFIUS review, the company continues to grow, expanding into the forex market with a new platform.

Hong Kong's virtual asset industry faces an "invisible compliance storm," and the Securities and Futures Professionals Association calls for a suspension of mandatory exams

Hong Kong virtual asset practitioners face sudden compliance requirements, including mandatory participation in a single regulatory exam. This policy lacks transparency and fairness, increasing compliance costs and affecting business development. The Hong Kong Securities and Futures Professionals Association calls for a suspension of this requirement and the establishment of an open consultation mechanism.

Lagarde to step down early as ECB President? Foreign media list four major candidates—what impact could this have on the industry?

European Central Bank President Lagarde is considering stepping down early, sparking market attention on her successor. Lagarde holds a tough stance on cryptocurrencies, and it is expected that her successor may relax regulations, which could benefit the development of the Web3 industry. As the digital euro progress advances and MiCA II is implemented, Europe may shift toward a more flexible digital currency system, thereby regaining its digital economy competitiveness.