Recently, a global regulatory storm has been escalating, with Italy and Australia also joining in. The Central Bank of Italy has frequently interviewed encryption service providers, urging them to operate in Compliance under regulation. On February 15, Fabio Panetta, the President of the Central Bank of Italy, discussed the regulation of Cryptocurrency, digital finance, and encryption at the forex conference, and also pointed out differences in regulatory opinions with the United States.

The Australian regulatory agency ASIC has launched a regulatory blitz targeting Cryptocurrency exchanges and multiple remittance agencies. ASIC has taken regulatory actions against 13 related institutions, issued Compliance warnings to over 50, rejected renewal applications from 6, restricted operations of 2, and seen 3 exit the market. This stems from suspicious transaction reports within the industry. Since the investigation began last year, this action is an important step in purifying the industry and raising Compliance standards. FTX Australia's subsidiary FTX Express and Zipmax Australia have also been removed from the registration list. Reports suggest that the Australian government plans to introduce regulations for encryption exchanges, requiring a financial services license for transparency above specific thresholds.

With the popularity of Crypto Assets and the increase in users, traditional countries and financial institutions feel threatened by the right to coin money, and traditional financial interests are damaged. In 2025, Australia plans to crack down on Cryptocurrency ATM providers and enact strict laws to curb the development of Cryptocurrency. However, technological progress is first reflected in the financial field, and each progress will encounter suppression from traditional forces. Nevertheless, the development of the times will not change due to traditional interest groups. The United States chooses to join in order to seek development; otherwise, it will be eliminated.

Here is today's newsletter:

MicroStrategy founder Michael Saylor has released 21 Bitcoin rules, sharing investment ideas, emphasizing investing in Bitcoin with money that can be lost, and calling those who do not respect Bitcoin clowns.
CEO Sean Murray of the financial news website DeepBank posted on the X platform, concluding that Jack Dorsey is Satoshi Nakamoto after organizing the facts about Bitcoin.
Elon Musk's xAI released the new generation chatbot GRC-3, Musk called it the smartest artificial intelligence.
4. Ubit announcement, Karl Network will upgrade its network. Karl VA deposit and withdrawal services will be suspended from February 25th, and will be resumed after the upgrade is stable.
5. Analyst Ali shared data on-chain, showing that the inflow of funds into Bitcoin and Ethereum has dropped by over 30% in the past month, from $45 billion to $30 billion.