1. Scholar: China Needs to Promote the Construction of Stablecoins link

The Deputy Director of the Institute of Finance at the Chinese Academy of Social Sciences and the Deputy Director of the National Institution for Finance and Development stated in an article published in the Learning Times, which is affiliated with the Party School of the Central Committee of the Communist Party of China, that Bitcoin is not a genuine currency in nature. Instead, it is a peculiarly styled financial asset, and this asset itself possesses investment value. In fact, it is stablecoins that are truly likely to exert a significant impact on the international financial system. Once the US dollar — backed stablecoins more closely link the international credit of the US dollar with the application scenarios in the virtual world, it is highly probable that they will greatly reinforce the hegemony of the US dollar. China needs to advance the construction of stablecoins and expand the utilization of digital tokens on internet platforms. As long as the design and risk prevention and control measures are appropriately implemented, expanding the use of digital tokens on these platforms can notably enhance the international currency status of the Renminbi, thereby enabling China to more calmly face the challenges posed by US dollar — backed stablecoins.

2. Chairman of Hong Kong’s MPFA: Will Study the Possibility of Including Virtual Assets in the Mandatory Provident Fund link

According to a report by Hong Kong 01, Chairperson of the Mandatory Provident Fund Schemes Authority (MPFA) in Hong Kong, and Chief Executive Officer of the MPFA, stated when attending the Legislative Council that some legislators were concerned about whether virtual assets would be included in the Mandatory Provident Fund (MPF) in Hong Kong in the future. The authorities said that they would continue to conduct research on this matter. Lau Mak Ka — hin pointed out that special attention would be paid to issues such as whether there is sufficient transparency, as well as price volatility, platform risks, liquidity risks, and security risks.

3. South Korean Financial Regulator Imposes a 0.6% Regulatory Fee on Crypto Exchanges link

The Financial Supervisory Service (FSS) of South Korea has required cryptocurrency exchanges to pay a total of 7.9 billion South Korean won (approximately $5.54 million) in annual regulatory fees. The fee rate is set at 0.6%, which is higher than the initially projected 0.4%. These fees need to be paid quarterly by the end of March, May, July, and October each year. With the exception of Korbit (whose operating income is below 3 billion South Korean won, approximately $2.08 million), the fee distribution is as follows: Dunamu, the operator of Upbit, will pay 6.7 billion South Korean won (approximately $4.64 million); Bithumb will pay 900 million South Korean won (approximately $624,000); Coinone will pay 150 million South Korean won (approximately $104,000); and Gopax will pay about 21.35 million South Korean won (approximately $14,800). The total fees for the four major exchanges amount to approximately 7.9 billion South Korean won (approximately $5.54 million).

4. Pakistan Considers Attracting Bitcoin Mining Enterprises to Consume Excess Electricity link

The Pakistani government is exploring the possibility of attracting bitcoin mining operators to consume excess electricity and reduce the financial burden on the power industry. The country’s Ministry of Energy has held consultations with relevant parties to design a special electricity tariff standard for emerging industries such as cryptocurrency mining.

5. Dubai Land Department (DLD) Announces the Launch of a Real — Estate Tokenization Pilot Project link

The Dubai Land Department (DLD) has announced the launch of a pilot project for real — estate tokenization. It plans to convert real — estate assets into digital tokens through blockchain technology. The project is being advanced in collaboration with the Dubai Future Foundation and the Virtual Assets Regulatory Authority. It is expected that by 2033, the market size will exceed $16 billion, accounting for 7% of the total real — estate transactions in Dubai.

6. Dubai Financial Services Authority (DFSA) Launches a Tokenization Regulatory Sandbox link

The Dubai Financial Services Authority (DFSA) has invited firms to apply by April 24, 2025, to join its tokenization regulatory sandbox for testing tokenized investment products and services. The sandbox provides a regulated testing environment for firms, supporting innovative financial solutions. Data from Rwa xyz shows that the real — world asset (RWA) tokenization market is valued at approximately $18.86 billion, with a user growth of over 5% in the past month. Eligible projects include tokenized equities, bonds, sukuk, and collective investment fund units. Both existing DFSA — authorized firms and new applicants can participate, provided they have a robust business model and compliance capabilities.

7. North Korea’s Bitcoin Holdings Surpass Those of El Salvador and Bhutan, Ranking Third in Global Government Holdings link

After the attack on Bybit, the North Korean hacking group Lazarus Group has converted ETH into BTC and currently holds 13,562 BTC, worth approximately $1.14 billion. North Korea’s bitcoin holdings have surpassed those of El Salvador (6,117 BTC) and Bhutan (10,635 BTC), making it the third — largest government — held entity in the world, second only to the United States (198,109 BTC) and the United Kingdom (61,245 BTC).

8. Hong Kong — listed Company EDA Group Holdings Plans to Spend up to $5 Million on Cryptocurrency Purchases link

The Hong Kong — listed company EDA Group Holdings issued a voluntary announcement, disclosing that the company’s board of directors proposed a cryptocurrency purchase plan with a total amount not exceeding $5 million. Currently, the company is exploring how blockchain technology can empower the cross — border e — commerce logistics industry to promote the full — chain traceability of cross — border goods and B2B cryptocurrency settlement. In addition, EDA Group Holdings announced that it will establish a department specifically responsible for managing and supervising virtual asset businesses and conducting risk control.

In December last year, Anhua issued an article on its official WeChat account, pointing out that the EDA project had significant potential financial risks due to its suspected involvement in pyramid schemes. The project claimed to be launched by Hong Kong EDA Group Holdings Co., Ltd., and it developed members in the name of cross — border e — commerce, requiring them to pay an enrollment fee in exchange for the so — called “popularity traffic” and priced in Renminbi. The project mainly relied on virtual currency trading platforms overseas or with uncertain security for fund collection. There were problems such as instability of platform funds and difficulties in supervision. Once illegal activities such as financial fraud and money laundering occurred, it would be difficult for the public to safeguard their rights.

9. Metaplanet: Will Issue 2 — Billion — Yen Zero — Coupon Ordinary Bonds to Increase Bitcoin Holdings link

On Tuesday, Japanese — listed company Metaplanet Inc. announced the issuance of 2 — billion — yen (approximately $13.38 million) zero — coupon ordinary bonds to purchase more bitcoins.

Later on Tuesday, Metaplanet announced that it had spent 1.879 billion yen (around $12.54 million) to acquire 150 additional bitcoins, with an average purchase price of 12,526,226 yen ($83,583) per bitcoin. As a result, the company’s bitcoin holdings rose to 3,200 bitcoins.

Previously, Metaplanet had announced the establishment of its Strategic Advisory Committee and appointed Eric Trump, the second son of Trump, as a member of the committee.

10. A Project Party Says that Listing Tokens on South Korean Exchanges Requires Paying a Huge Intermediary Fee link

Multiple project parties told Wu Blockchain that listing on South Korea’s leading exchanges Upbit and Bithumb requires paying intermediary fees of around $10 million and $2 million respectively, or paying 3% to 5% of the tokens to successfully list on Upbit. The intermediary institutions are related to Upbit’s shareholders or market makers. However, it is worth noting that paying huge intermediary fees is not a unified phenomenon. Among the 7 project parties consulted by Wu Blockchain, 3 said they basically did not pay any fees and reminded that there is a risk of being scammed by listing through intermediaries. In addition, leading projects in the United States generally do not need to pay intermediary fees.

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