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Crypto
Nepal crypto trading rises despite ban; IMF urges faster regulation
The International Monetary Fund said crypto-related flows in Nepal have risen sharply despite a legal ban, and urged the country to strengthen oversight and build a regulatory framework. In an annual consultation report, the IMF flagged growing stablecoin and unsecured crypto flows from 2019 to 2024 and estimated significant cross-border activity. It called for rules aligned with international standards and urged Nepal to complete its FATF implementation plan and exit the grey list.
Crypto
U.S. banks call for stablecoin rules to cover secondary market trading
U.S. banking groups have urged regulators to clearly extend anti-money laundering rules for stablecoins beyond issuance to secondary market trading. The crypto industry has pushed back, warning that imposing responsibility for transactions issuers cannot control could shrink the DeFi ecosystem. The debate centres on who should monitor transfers after issuance, including movements between exchanges, DeFi protocols and private wallets, and how far regulatory responsibility should reach.
Crypto
Binance says 2025 illicit crypto recovery rate 11 percent, 55 times higher than traditional assets
About 11 percent of illicit cryptocurrency transaction volume in 2025 was seized or frozen through cooperation between law enforcement agencies and private-sector groups, Binance Research said. Binance said the recovery rate was about 55 times higher than that for traditional financial assets. The report cited cases involving Tether, Interpol and the T3 Financial Crime Unit. Analysts including Chainalysis and TRM Labs questioned Binance’s figures, citing excluded categories such as hacks and ransomware.
