Stephenen

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Those few of you staying in Hong Kong, better behave yourselves, sigh...
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The assets confiscated in Singapore’s largest-ever money laundering case involving the “Fujian gang” and 3 billion yuan will be auctioned starting September 7.
Just the tip of the iceberg, right? 😅😅😅
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Iranian Husky: No disunity allowed! 😆😆
After seeing big brother just introduce a “Unity Law,” Husky immediately began promoting “No Disunity”!
It really is true that you become like the bastard you hang around with—you can’t sleep in the same bed and end up with two different kinds of scumbags...
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Hong Kong inflation is indeed severe.
Having a baby with Xiao Jianhua used to cost 50 million RMB.
Now it costs $50 million, and the service is still this poor.
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Top 10 passports ranked by visa-free access.
Singapore retains the top spot, while the US remains at the bottom.
I'm getting ready to move to Singapore.
A US passport + Singapore permanent residency feels like a solid combination. 😂
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You grandsons, your grandpa has made it official:
Xinhua News Agency: The Strait of Hormuz is now shipping out 15–20 million barrels of crude oil daily, not far below the 20 million barrels before the war. U.S. military formations have been providing scheduled escorts for passage on the Omani side for more than 10 days.
Iran has already lost everything: including its naval, ground, air, and missile forces, all “sea-condition radars,” and any ability to scan the movements of vessels at sea.
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The next U.S. stablecoin fight is not about the peg. It is about identity. A joint proposal would require permitted payment stablecoin issuers to maintain effective customer identification programs.
1/12
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The legal move is simple and consequential: treat permitted payment stablecoin issuers as financial institutions for Bank Secrecy Act purposes. That brings sanctions, AML, due diligence, and customer-ID logic closer to issuance.
3/12
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Under the proposal, an issuer’s program would use risk-based procedures to verify each customer’s identity. Before opening an account, it would obtain core information such as name, address, and an identification number.
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For individuals, the proposed information includes date of birth. For entities, it includes date of formation. The issuer would need procedures for documentary or non-documentary verification, and for cases where identity cannot be
5/12
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confirmed.
6/12
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Important distinction: this is issuer-side customer identification for accounts and relationships with permitted issuers. It is not a final rule imposing a universal identity check on every self-custodied wallet.
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The practical implication is obvious. The compliant stablecoin issuer starts to look less like a crypto project and more like a regulated financial institution with a reserve business attached.
8/12
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My view: stablecoins will not win mass adoption by pretending regulation does not exist. But regulators should target the issuer and the fiat gateway—not turn every piece of open-source wallet software into a bank branch.
9/12
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来源 1/3 · Federal Reserve Board
10/12
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来源 2/3 · Financial Crimes Enforcement Network and partner agencies
11/12
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来源 3/3 · Office of the Law Revision Counsel, U.S. House of Representatives
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Circle reported that its Agent Stack now hosts 900+ paid services, and that 99.3% of x402 agent-payment volume settles in USDC. Company-reported data, but a notable sign of where stablecoin utility is being tested. —Circle
CRCL9.71%
USDC0.02%
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The UK will expand the Global Talent visa in August: more than 100 innovative research companies will be able to support top research talent moving to the UK. Talent mobility policy is becoming more directly tied to R&D and industrial capabilities.
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