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Although the Ethiopian government has banned virtual money trading, the Financial Intelligence Bureau is preparing for future regulation by providing training to address illegal transactions, emphasizing that the risks of virtual assets include terrorist financing, tax evasion, and money laundering.

The Federal Reserve (FED) announced Michael Horowitz as the new Inspector General, succeeding the retired Mark Bialek. He is responsible for overseeing the Consumer Financial Protection Bureau. Some senators have questioned the manner of this appointment, believing it should be nominated by the president and confirmed by the Senate to ensure that the Inspector General can effectively oversee the Federal Reserve (FED).

On June 9, news reported that although the Ethiopian government has banned the trading of Virtual Money, officials from the Financial Intelligence Bureau (FIS) stated that they are preparing to regulate Crypto Assets.
The director of the Financial Intelligence Bureau, Muluken Amare, announced this news at the East and Southern Africa Anti-Money Laundering Group ( ESAAMLG ) meeting held in Addis Ababa. The bureau is collaborating with the United Nations, Russia, and member countries to provide training for financial security experts on monitoring and handling illegal Virtual Money transactions.
Amare stated: "In Ethiopia, trading Virtual Money is not allowed except for the Ethiopian Birr, but we are providing training in preparation for potential unauthorized trading." He added that regardless of whether the National Bank of Ethiopia decides to legalize Virtual Money in the future, the relevant technology, manpower, and professional capacity building work is ongoing.
United Nations Counter-Terrorism Project Management

According to a report by Golden Finance and disclosed by the Daily Economic News, the Hong Kong stablecoin regulations only allow designated licensed institutions to sell fiat stablecoins in Hong Kong, and only fiat stablecoins issued by licensed issuers can be sold to retail investors. In addition to the aforementioned circumstances, there is another situation of "active promotion," which means that even if one is not directly engaged in regulated stablecoin activities, if they actively promote to the public in Hong Kong or other regions that they are or seem to be conducting such activities, they also need to apply for a license.

On June 9, news broke that an alternative amendment to the U.S. digital asset market structure bill, the "CLARITY Act," has been released. This alternative amendment is an updated version of the previously submitted bill, containing recent amendments and new content. The text will serve as the basis for the consideration of revisions by Republican members of the U.S. House Financial Services Committee this Tuesday.

U.S. Republican Congressman Tim Burchett proposed HR 3798, a bill aimed at establishing a national strategic Bitcoin reserve and codifying it into federal law.

According to reports, U.S. Republican Congressman Tim Burchett has introduced HR 3798, a bill aimed at establishing a national strategic Bitcoin reserve and codifying it into federal law.

U.S. Republican Congressman Tim Burchett introduced HR 3798, a bill aimed at establishing a national strategic Bitcoin reserve and codifying it into federal law.

According to reports, the Hong Kong stablecoin regulations only allow designated licensed institutions to sell fiat stablecoins in Hong Kong, and only fiat stablecoins issued by licensed issuers can be sold to retail investors. In addition to the above situations, there is another "active promotion" scenario, where even if one is not directly engaged in regulated stablecoin activities, if they actively promote to the public in Hong Kong or other regions that they are or seem to be conducting such activities, a license is also required.

According to reports, the Reserve Bank of India continues to maintain a cautious stance on Crypto Assets, pointing out the policy and stability risks associated with them.

U.S. Republican Congressman Tim Burchett introduced HR 3798, a bill aimed at establishing a national strategic Bitcoin reserve and codifying it into federal law.

U.S. Republican Congressman Tim Burchett introduced HR 3798, a bill aimed at establishing a national strategic Bitcoin reserve and writing it into federal law.

According to crypto reporters, the House Financial Services Committee will hold a Minority Day hearing at 9:00 AM Eastern Time to further examine what they call President Trump's "crypto crimes" and assess the broader risks posed by the "CLARITY Act." Key topics include the "Stop Trump from Engaging in Crypto Act" (HR 3573) and regulatory issues surrounding the "CLARITY Act" (HR 3633).

Golden Finance reported that the Secretary for Financial Services and the Treasury, Xu Zhengyu, stated earlier in response to questions from legislators that the Hong Kong Securities and Futures Commission is considering introducing derivatives trading of virtual assets for professional investors and will formulate robust risk management measures. According to data platforms citing analysts, based on international experience, in the early stages of policy, it is expected that Hong Kong's derivatives market will use perpetual futures of mainstream virtual assets such as Bitcoin and Ether as a pilot. From international practices, several international institutions, including the Singapore Exchange (SGX), a certain trading platform, the Commodity Futures Trading Commission (CFTC), and the European MiFiDII regulatory framework, have prioritized perpetual futures as an important direction for virtual asset derivatives.

The Reserve Bank of India continues to maintain a cautious stance on Crypto Assets, pointing out the policy and stability risks associated with them.