News · cointelegraph.com

New DeepSeek Ban In US , Swiss - Asia Crypto Ties Deepen : Asia Express

The US Department of Homeland Security ordered DeepSeek products removed from federal civilian agency IT systems, including affiliated and third-party products, and barred new purchases, warning that sensitive information could be exposed to China. The US Treasury proposed rules blocking US investment in certain AI and high-risk semiconductor projects in some foreign countries, initially aimed at China and now extended to Russia, Iran, North Korea and Cuba. Treasury also announced a first $200,000 penalty against Amidi, LLC for failing to report its Chinese subsidiary's investment in Shanghai Qiongche Intelligent Technology. In Asia, Shinhan Card and SBI agreed to test yen stablecoin payments, while Metaplanet is set to take a 93.7% stake in Super League through a 2,100 BTC deal. South Korean officials met crypto exchanges about calls to delay the crypto tax, which has already been pushed back three times to 2027.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on cointelegraph.com ↗

Keywords

stablecoinscryptoregulationChina

Open a keyword to see other news on the same topic.

Related tickers and likely impact

BTC/USDT

▲ Likely positive

Bitcoin

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/22/202681,416.09
Change that session-3.18%
BTC/USDT price, forecasts and signals →

ETH/USDT

▲ Likely positive

Ethereum

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$294.2B
Close on 10/22/20262,389.14
Change that session-3.42%
ETH/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Senate Democrat Probes Tether Payments to Ex-White House Crypto Adviser’s Firm

    Sen. Richard Blumenthal, D-Conn., asked Tether to provide records of its dealings with Bo Hines and his consulting firm Nxum by Nov. 3. The Wall Street Journal reported that Nxum earned $6.3 million from a Tether deal struck in May 2025, while Hines, who kept a one-third stake in Nxum, helped craft the GENIUS Act. A Nxum representative said Hines was not involved in the deal and received no Tether-derived funds while in government, and Tether said external counsel found no evidence of wrongdoing. Blumenthal argued the payment structure implicates federal ethics, anticorruption and lobbying laws.

    Decrypt·▼ BTC/USDT▼ ETH/USDTcryptostablecoinsregulation
  • US senator probes Tether after reported deal with ex-Trump crypto adviser

    Democratic ranking member Sen. Richard Blumenthal has asked Tether CEO Paolo Ardoino for records on contracts, payments, communications and lobbying between Tether and Nxum, a marketing company co-founded by former White House crypto adviser Bo Hines, following a Wall Street Journal report of a $6.3 million deal. Blumenthal says Hines did not divest his one-third stake in Nxum and worked with it to lobby against, or seek changes to, stablecoin legislation, and that messages show Tether coordinating Nxum's lobbying on the GENIUS Act. He says these arrangements raise alarming ethical and legal concerns. As of Friday, Kalshi event contracts gave Democrats 92% and 68% chances of retaking the House and Senate, respectively, from 2027, while Tether did not respond to a request for comment.

    Cointelegraph·• BTC/USDTTetherstablecoinscrypto
  • Korea needs rules to match rise of digital money , experts say

    Experts at a Herald Media Group forum in Seoul said blockchain could let money move as easily as email, calling it an “internet of money,” but Korea still has legal groundwork to lay before stablecoins and tokenized securities go mainstream. Revised securities laws will allow token securities from early next year, and regulators’ September roadmap ends with on-chain settlement using stablecoins, which requires a digital asset law and a won-pegged stablecoin. The main obstacle is knowing who owns a wallet, while cross-border stablecoin deals remain years away and foreign exchange rules have yet to catch up.

    koreaherald.com·stablecoinscryptoregulation
  • Banking Groups Push Back on OCC Finalized GENIUS Rules on Stablecoin Yield

    The American Bankers Association (ABA) says the OCC's finalized rules implementing the GENIUS Act undermine Congress's intent on stablecoin yield, despite several positive steps. By dropping a presumption that certain third-party arrangements violated the yield ban, the rules could let issuers offer economically equivalent yield while technically avoiding the prohibition, which the ABA warned could blur the line between stablecoins and bank deposits. The Blockchain Association backed the change, while the Bank Policy Institute sided with the ABA, warning of deposit flight. The OCC finalized its rules ahead of the Act's implementation in January 2027, and the Federal Reserve and Treasury are expected to issue their own GENIUS rules.

    cointelegraph.com·• BTC/USDT• ETH/USDTstablecoinscryptobanks
  • American Bankers Association: OCC’s GENIUS rules ‘undermine’ US Congress

    The American Bankers Association (ABA) said the OCC's finalized rules implementing the GENIUS Act include several positive steps but remain critical of provisions on stablecoin yield. The OCC dropped a proposed presumption that certain third-party arrangements violated the ban on yield payments, which the ABA says would let issuers offer economically equivalent yield while technically avoiding the prohibition. The ABA warned this could blur the line between payment stablecoins and bank deposits and threaten funds banks use for lending. The Blockchain Association welcomed the change, while the Bank Policy Institute sided with the ABA and warned of deposit flight. The OCC finalized its rules ahead of the Act's January 2027 implementation, and the Federal Reserve and Treasury are expected to issue their own GENIUS-related rules.

    Cointelegraph·• BTC/USDT• ETH/USDTstablecoinsregulationbanks
  • UK financial watchdog opens consultations for DeFi guidance, crypto laws

    The UK Financial Conduct Authority (FCA) has opened two consultations: one on how decentralized finance (DeFi) companies can comply with its money laundering and financial crime rules, and one on exclusions from cryptoasset regulation following recent legislation. The FCA says its proposed DeFi guidance seeks to clarify existing rules rather than establish new policy. The UK Cryptoasset Business Council said the UK must strike a balance so that responsible innovation can take root domestically instead of migrating elsewhere. The new regime, including stablecoin holding arrangements and reserve assets, is expected to be enforced from October 2027, with applications open since September 30 and a February 28, 2027 compliance deadline.

    Cointelegraph·• BTC/USDT• ETH/USDTcryptoregulationstablecoins

Related markets

Crypto →

Latest news

  • Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report

    As of Friday, 22 companies had filed objections to having their US stock listings tokenized on OKXICE, the proposed platform of a joint venture between OKX and Intercontinental Exchange (ICE), the parent company of the NYSE, according to Reuters. Wells Fargo, Arm Holdings and Intuit were the latest to object, joining Microsoft and Alphabet, which did so in the past week, and 6 more companies have reportedly objected. Of the 22 companies, 16 are listed on Nasdaq and 6 on the NYSE. The venture proposed tokenizing stocks of 62 companies when it filed with the SEC under the innovation exemption, while Nasdaq's September guidance warned that issuers must be cautious. OKXICE co-chair Andrew Cuomo said he expects more objections as companies avoid being the first to test the model.

    Cointelegraph·• BTC/USDTcryptotokenizationregulation
  • Affirm Lost Walmart to Klarna in 2025. Now It Has Sam's Club. Here's What Moves the Stock Before November 5

    Affirm signed an exclusive, multi-year deal on October 22 to become Sam's Club's pay-over-time provider, and the stock closed down 1.51% at $72.40 that day. The deal comes about 19 months after Klarna replaced Affirm as Walmart's installment partner, though terms were not disclosed. Affirm's Sam's Club service will go live on SamsClub.com in the coming weeks and in clubs in 2027, so the September quarter will not include it. The article links recent weakness to rate fears: September consumer prices rose 3.7% from a year earlier, the 10-year Treasury yield closed at 5.19%, and Affirm fell more than 11.5% at one point. Goldman Sachs cut its target to $103 from $115 on October 13 while keeping a Buy rating, and the Street mean sat near $99 ahead of fiscal first-quarter results due November 5 and a Fed decision on October 28.

    Yahoo Finance·Affirminterest ratesFed
  • Netanyahu Considering Crypto Plan to Dodge Banking Sanctions on Israel

    Israeli Prime Minister Benjamin Netanyahu told Channel 10 that he has asked for a plan to use cryptocurrency and blockchain networks to help Israel get around possible banking sanctions, four days before the national election. He did not say who is drafting the plan, which currency or network it would use, or when it would be ready. He said U.S. defense aid will end, “only a question of time,” and that Israel must “prepare for a rainy day” beyond Trump; the current $3.8 billion-a-year deal expires in September 2028. The article notes that Russia’s ruble stablecoin A7A5 moved about $102 billion in its first year, before sanctions and a hack of its main exchange cut its daily volume by 96% from its peak. It also notes that blockchains are public and traceable, and that on July 1 Defense Minister Israel Katz signed sanctions orders on 37 crypto wallets.

    Decrypt·• BTC/USDTcryptostablecoinssanctions
  • Weekly Wrap: Bitcoin Under Pressure As Market Volatility Intensifies

    Bitcoin and other cryptocurrencies remain under pressure as technology stocks sell off over growing concerns about the AI trade, and the Nasdaq fell nearly 700 points, or 2.60%, on Oct. 22. Bitcoin was at $81,500 on Oct. 23, down 5% for October after gaining more than 40% in Q3, while crude oil traded above $115 per barrel. Strategy bought 267 BTC for $22.1 million, bringing its holdings to 848,517 BTC. Deposits in crypto lending vaults have topped $10 billion, more than double the $4 billion at the start of 2025. Visa is in talks to acquire Fireblocks for $2.5 billion, 69% below the $8 billion valuation applied in a January 2022 fundraise.

    Yahoo Finance·▼ BTC/USDT▼ ETH/USDTcryptobitcoinBTCUSDT
  • Tesla Stock Lags Apple Because Of ‘Communications Problem,’ Says Investor Gary Black

    Investor Gary Black, managing partner of The Future Fund LLC, argued that Tesla (TSLA) has a “communications problem” that undermines its credibility despite strong products, while Apple (AAPL) does not. He noted that over the past year Apple gained 33% while Tesla fell 17%, and over five years Apple rose 133% versus 9% for Tesla. Black called on Tesla to disclose how many customers keep their FSD subscriptions three to six months after free trials end, rather than only right after. He called the reported over 75% paid FSD sign-up rate on North American third-quarter deliveries “clearly inflated,” while RBC Capital analyst Tom Narayan has estimated 30-40% on a paid basis. Tesla said it has over 1.7 million paid FSD customers globally.

    Yahoo Finance·▼ TSLATSLAelectric vehiclesAAPL
  • Norwegian Cruise Line Holdings (NCLH) Could Be 20% Undervalued As JPMorgan Flags Yield Risk

    JPMorgan downgraded Norwegian Cruise Line Holdings (NCLH) to Underweight ahead of its Q3 report, citing concern about possible pressure on net yield estimates for the second half of 2027. The stock has fallen 31.78% year to date and 33.82% over one year, though it rose 9.28% over the past month and closed at US$15.54. The most followed narrative assigns a fair value of $19.44, implying about 20% undervaluation, and expects fleet renewal to cut growth capex by about US$1b annually from 2028, which could free cash flow for deleveraging. A separate SWS DCF model estimates a future cash flow value of just $3.87, far below the share price, which the article frames as a question of whether reported earnings or long-term cash flows should be the yardstick.

    Yahoo Finance·JPMorganvaluationearnings

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.