South Korea Targets Corporate Trading of USDT and USDC

Published at 2026-03-08 07:15:08

South Korean regulators are targeting restrictions on corporate trading of USDT and USDC, signaling growing unease about the dominance of U.S. dollar–backed stablecoins. Officials say limiting corporate exposure could protect financial stability and support alternative currency solutions, though details on scope and enforcement remain pending. The move matters because many firms and exchanges rely on USDT and USDC for liquidity and cross‑border settlement; curbs could shift activity offshore, squeeze local market depth, or accelerate adoption of won‑pegged alternatives and a potential central bank digital currency. Markets will be watching draft rules and timelines closely for implications to trading volumes, treasury practices, and the broader global stablecoin landscape.

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Ripple’s Chief Legal Officer Stuart Alderoty met over the weekend with Senator Kirsten Gillibrand (D‑NY) to discuss regulatory policy for digital assets, a development market observers say could signal constructive engagement between industry and lawmakers.

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Published at 2026-03-09 20:00:35

MicroStrategy’s 101st Bitcoin Purchase Signals Corporate Treasuries Are Here to Stay

MicroStrategy completed its 101st Bitcoin acquisition, highlighting a broader trend of companies treating BTC as a deliberate treasury reserve rather than a speculative trade. Growing corporate demand could quietly reshape supply dynamics and investor expectations for Bitcoin.

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Published at 2026-03-09 17:15:26

Banks Consider Suing OCC After Crypto Charter Approvals

Several major U.S. banks are weighing legal action against the Office of the Comptroller of the Currency after it approved national trust charters for crypto firms, arguing the agency overstepped its authority. Banks say the move lets tech-driven companies secure bank status without being held to the same standards as traditional banks.

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Published at 2026-03-09 16:00:20

Florida Stablecoin Bill Passes 37–0, Heads to Governor DeSantis

Florida lawmakers approved a broad state-level regulatory framework for payment stablecoins with a 37–0 vote, advancing the measure to Gov. Ron DeSantis. If signed, it could become the nation’s first comprehensive state regime for stablecoin payments.

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Published at 2026-03-09 14:45:15

Bithumb Faces Proposed Six-Month Partial Ban Over AML Breaches

Local media report South Korean authorities have proposed a six-month suspension of virtual asset transfers for newly registered Bithumb users over alleged AML violations, while existing customers would remain unaffected.