policy

According to Jinshi reports, European Central Bank Vice President Guindos stated that if inflation expectations change due to the situation in Iran, the European Central Bank may alter its policy stance.

According to a report by Bloomberg, a working paper from the European Central Bank warns that the widespread adoption of stablecoins poses significant risks to the banking sector in the eurozone and the monetary policy sovereignty of the European Central Bank, particularly for stablecoins pegged to foreign currencies like the US dollar.The paper points out that the rapid expansion of stablecoins could trigger a reallocation of retail bank deposits towards digital assets, constraining banks' ability to act as credit intermediaries and increasing uncertainty in the transmission of policy rates to loan volumes. If a mature stablecoin market is dominated by non-euro-denominated instruments, the risks will be further amplified. The President of the Dutch Central Bank stated that stablecoins, due to their reserve management methods, could pose risks to the core of the financial system. The President of the German Central Bank had previously praised euro-denominated stablecoins for payments.

According to CoinDesk, CFTC (Commodity Futures Trading Commission) Chairman Mike Selig discussed the regulatory progress of cryptocurrency perpetual futures and prediction markets in his speech. He stated that the CFTC is working to launch "real perpetual futures" in the United States, with an announcement of related policies expected in about a month to attract liquidity back to the U.S. and provide investor protection.Additionally, he mentioned that the CFTC will soon provide guidance for prediction markets, including a notice of proposed rulemaking to set clear standards.

According to Jinshi reports, Federal Reserve official Kashkari stated that before the Iran war, the inflation trend was improving, but now the conflict has made the monetary policy outlook uncertain.

According to Jinshi reports, Federal Reserve official Kashkari stated that the war in Iran could impact monetary policy.

According to Jinshi, Federal Reserve's Williams stated that he still believes the Federal Reserve's policy rate is slightly above the neutral rate.

According to Jinshi reports, Fed's Schmid said that we do not have cyclical issues in the labor market, and if there are, we would have a different view on monetary policy.

According to Jinshi reports, Federal Reserve official Williams stated that the current monetary policy is "in a favorable position" to support the Federal Reserve's goals.

According to Jinshi reports, Federal Reserve's Williams stated that the ultimate goal of interest rate cuts is to prevent the policy from becoming too tight.

According to a report by Cointelegraph, the latest working paper released by the European Central Bank on Tuesday shows that the growth of stablecoin usage is siphoning off funds from bank deposits, weakening the transmission of monetary policy to loans.The research indicates that the rising interest in stablecoins is associated with a significant decline in retail bank deposits and a decrease in corporate loans. When deposits decrease, banks may be forced to rely more on wholesale or market financing, which is typically more expensive and unstable. The European Central Bank points out that the extent of stablecoins' interference with the transmission channels of monetary policy depends on their adoption scale, design features, and regulatory approach. In particular, stablecoins denominated in foreign currencies may further weaken the link between domestic monetary policy and bank loans.

According to Jinshi News, Saira Malik from Nuveen Investments stated in a research report that the broad impact of the U.S.-Israel attacks on Iran remains to be seen. He believes that global markets may experience more volatility, and its far-reaching effects will become clearer over time.Although the surge in oil prices may drive up inflation, Malik expects this will not affect the Federal Reserve's policy in the short term. He maintains his forecast of two rate cuts by the Federal Reserve this year and believes that the 10-year U.S. Treasury yield will fluctuate around the 4% range.

According to Cointelegraph, NYDIG's research director Greg Cipolaro stated that if artificial intelligence disrupts the labor market or causes volatility that prompts central banks to ease monetary policy, Bitcoin will benefit. He pointed out that AI, as a "general technology," will transmit its effects on employment and economic growth to Bitcoin.If AI-driven growth is accompanied by liquidity expansion and controlled real interest rates, it will support Bitcoin; conversely, if it raises real yields and tightens policy, Bitcoin may come under pressure. If AI triggers labor disruptions and leads to monetary easing, liquidity injections will be favorable for Bitcoin. He acknowledged that the transition will bring challenges but expects AI to follow the "historical pattern" of technological development—integrating rather than displacing.

According to the updated paid collaboration policy of platform X, financial products, services, or opportunities (including loans, investment services, cryptocurrencies, buy now pay later services, and other finance-related content) are listed as prohibited categories for paid collaboration promotion. In addition, the policy requires that all paid collaboration content must clearly indicate its commercial nature in the post, such as "advertisement" or "promotional content," and ensure compliance with all applicable laws and regulations. Users who violate this policy may face penalties such as requests to delete posts or account suspensions.

Coinbase Chief Policy Officer Faryar Shirzad posted on the X platform in response to "the White House's agreement goals may fall short." He stated that Coinbase and the company's CEO Brian Armstrong have been involved in negotiations for months and have committed to several potential compromise solutions. Coinbase's core goal has always been to protect the interests of the GENIUS Act and the general American public. He also thanked Patrick Witt, Executive Director of the President's Digital Asset Advisory Council, for his efforts in pushing for problem resolution and looks forward to the smooth implementation of the President's crypto agenda.According to senior journalist Sander Lutz from crypto media Decrypt, the White House originally hoped to reach an agreement on stablecoin yield issues before the weekend, but a banking industry insider directly involved in the negotiations stated that this goal would not be achieved. The current divide between the crypto industry and banking lobbyists regarding whether stablecoins should generate yield remains significant. This controversy has become a major obstacle to advancing the crypto market structure bill and directly points to Coinbase CEO's insistence that stablecoins should be able to generate yield for users.According to previous reports from ChainCatcher, David Sacks, the White House's crypto and AI director, stated that the crypto industry has made significant concessions regarding stablecoin yields, and banks should respond accordingly.

According to Jin Ten, Fed's Schmid stated on Wednesday that high inflation remains a key issue that the Fed needs to address, but he did not specify how monetary policy should respond. Schmid said, "I think we still have work to do on inflation," while noting that the employment situation is quite good. He pointed out that the large amount of mortgage-backed securities held from the Fed's past bond-buying actions continues to suppress housing borrowing costs, and mortgage rates "could be 75 to 100 basis points lower than their original levels."

According to Jinshi reports, the Financial Secretary Paul Chan stated in the "2026 Budget" that the government will submit a draft digital asset policy bill within the year, establishing a licensing system for service providers involved in digital asset trading and custody.Hong Kong has implemented a licensing system for fiat-backed stablecoin issuers, with the first batch of licenses to be issued in March. The government and financial regulators will continue to promote licensed issuers to explore more application scenarios under compliance and manageable risk conditions.

According to Jinshi, Federal Reserve's Goolsbee stated that the progress on inflation has stalled, and it is still unclear whether the Federal Reserve's policy remains restrictive.

Bitcoin mining company Abundant Mines CEO Beau Turner disclosed that as the U.S. tax law restores full "Bonus Depreciation" policy in mid-2025, eligible Bitcoin mining equipment can now achieve a 100% tax deduction in the year of purchase.Turner pointed out that under the current tax framework, if investors directly hold mining hardware, they can immediately deduct the entire equipment cost as an expense, significantly reducing taxable income for the year. He stated that this has become "one of the most powerful tax strategies in the crypto industry." Reports indicate that as tax season approaches, changes in relevant tax policies are prompting the market to refocus on the asset allocation and tax planning value of Bitcoin mining.

According to a report by Hong Kong media Orange News, the President of the Hong Kong Securities and Futures Professionals Association, Chen Zhi-hua, disclosed that the Hong Kong virtual asset industry is facing a sudden "compliance storm." Practitioners in related businesses have reported encountering bewildering regulatory requirements during the application process for virtual asset-related business qualifications. The existing written policy requires an additional 5 hours of Continuing Professional Training (CPT).However, the latest requirements were not issued through formal written documents or public guidelines, but were communicated "quietly" to license upgrade applicants in the form of verbal notifications or individual emails, stating that all responsible officers (RO) for relevant license upgrades, including those who have already obtained upgrade qualifications, must pass a virtual asset regulation exam conducted by a designated single institution. This nearly "invisible" directive undermines the transparency and fairness that regulatory agencies should uphold.Chen Zhi-hua suggested maintaining the original requirement of an additional 5 hours of Continuing Professional Training (CPT) and urged regulatory agencies to immediately suspend the enforcement of exam requirements through invisible policies.

According to Jinshi reports, Federal Reserve official Logan stated that the policy is well-prepared to address risks to the mission.