Techub News Evening Report: Japan will approve the first yen stablecoin JPYC, Qubic has listed DOGE as the target for the next attack test.

Organizer: Nona

Fear and Greed Index: 56 (Greed) Bitcoin price: $115,047 BTC/ETH Spot ETF Capital Flow (Last Week) BTC Net Inflow: $547.82 M ETH net inflow: $2.85 B

Regulation/Macro

The Indian tax authorities are engaging in tax policy discussions with local cryptocurrency industry participants.

According to the Economic Times of India, the Central Board of Direct Taxes (CBDT) of India has communicated with local cryptocurrency industry participants, requesting them to provide feedback on issues such as VDA (Virtual Digital Assets) regulation, outflow of trading volume, tax framework, loss deductions, the impact of the 30% tax rate, challenges in TDS enforcement, and tax fairness between domestic and foreign exchanges.

Renmin University of China Law School offers legal training courses on the disposal of virtual currencies involved in cases, stablecoins, and RWA.

The Law School of Renmin University of China offers a training program on the legal handling of virtual currencies involved in cases, stablecoins, and RWA, and has released an enrollment brochure. "In response to practical demands and to enhance the professional capabilities of legal practitioners in virtual currency-related cases, the Law School of Renmin University of China, leveraging its interdisciplinary strengths in financial technology and law, in collaboration with authoritative experts, plans to hold an advanced training course on the legal practice of handling virtual currencies involved in cases, stablecoins, and RWA from August 29 to 31 at Renmin University of China. This program will systematically analyze the legal attributes, regulatory frameworks, disposal procedures, compliance procedures, and investment opportunities of these digital assets, assisting practitioners in addressing new legal challenges."

Japan will approve the first stablecoin denominated in yen, JPYC.

The Financial Services Agency of Japan will approve the country's first yen-denominated stablecoin, JPYC, this month. The agency will register the fintech company JPYC Inc. as a remittance business, and sales are expected to begin within weeks of registration. This digital currency will be backed by liquid assets such as government bonds to maintain its value stable at 1 JPYC = 1 yen.

Project/Company Updates

Zhao Yin International Securities officially launches virtual asset trading services.

Zhao Yin International Securities has officially launched virtual asset trading services. Qualified investors can directly participate in Bitcoin, Ethereum, and USDT trading through their virtual asset accounts. In the future, within the framework of risk control and compliance management, Zhao Yin International Securities will expand the range and functionality of virtual asset trading.

Jeju City, South Korea, has implemented virtual currency seizure procedures for approximately 50 tax debtors.

According to Newsis, the city of Jeju in Jeju Province, South Korea, is implementing virtual currency seizure procedures for tax delinquents. The city announced that it has recently completed a comprehensive investigation into the virtual asset holdings of tax delinquents and will recover unpaid taxes through the seizure of virtual assets. The investigation confirmed that 49 individuals hold virtual assets worth 230 million Korean Won.

Japanese real estate company Lib Work plans to purchase 500 million yen worth of Bitcoin this year.

Japanese real estate company Lib Work Co plans to purchase Bitcoin worth 5 billion yen (approximately 3.4 million USD) between September and December 2025 to combat inflation risks and seek growth opportunities.

Capital B raised approximately 2.2 million euros to advance its Bitcoin reserve strategy.

European listed company Capital B (formerly The Blockchain Group) announced an increase in capital of approximately 11.5 million euros through the issuance of shares, fully subscribed by Adam Back. The funds raised are expected to acquire approximately 17 bitcoins, bringing the company's potential total holdings to 2,218.

The LayerZero Foundation has initiated a vote for the acquisition of the StarGate proposal, currently with a support rate of 97.09%.

The LayerZero Foundation's acquisition proposal for StarGate has opened for voting, with a current support rate of 97.09%. Voting will end on August 24.

The Qubic community has listed Dogecoin as the next target for a 51% attack test.

After successfully launching a 51% "attack" on Monero, Qubic's founder Sergey Ivancheglo sought opinions from the community, asking which ASIC-supported, proof-of-work (PoW) blockchain the group should target for the next 51% "attack". The candidates included DOGE, Kaspa, and Zcash. Today, Ivancheglo announced that the voting result is Dogecoin.

Thailand launches "Tourist Wallet" with cryptocurrency features still in sandbox testing phase.

Thailand has launched a QR code payment "Tourist Wallet" for currency exchange into Thai Baht, but the cryptocurrency exchange feature will only be enabled after the regulatory authorities complete their review in mid-August. The Bank of Thailand stated that the "Tourist Wallet" aims to solve practical problems, and cross-border QR code payments are currently interconnected only with eight partner countries, including Singapore and Malaysia. Soon, it will be interconnected with China's payment system via UnionPay. Tourists can top up their wallets through service provider counters, foreign debit and credit cards, or overseas bank transfers. The spending limit rules are as follows: merchants with card-swipe terminals have a monthly limit of 500,000 Baht (approximately 13,800 USD), and small shops have a limit of 50,000 Baht. Cash withdrawals are prohibited, and accounts can only be closed through redemption.

Deep & Forward-looking

Six Strategies for Investing in Crypto Assets: Web3 Investment and RWA After Stablecoin Compliance

How does AI conduct value transfer and asset confirmation? It cannot go through traditional banks' KYC. Web3 is the infrastructure for AI to engage in economic activities. Therefore, public chains that provide a friendly environment for AI users and AI Agents will have tremendous growth potential in the future. Currently, coins that claim to be "AI concepts" are all speculation, but great projects that truly serve the AI ecosystem will definitely emerge in the future.

Crypto OTC: The "Invisible Engine" of African Stablecoin Payments

Thus, cryptocurrency over-the-counter (OTC) trading has become a core component for stablecoin payment companies, especially for these African "small currencies, remittance-challenged countries." The lack of local financial infrastructure and the ineffectiveness of traditional channels have forced the rapid development of the cryptocurrency OTC market. Its efficient deposit/withdrawal services allow corporate funds to circulate safely and quickly between fiat and stablecoins.

viewpoint

Why has the traditional regulatory system become a joke on the blockchain?

Why is it said that the traditional regulatory system has almost completely failed on-chain? This brings us to a ridiculous regulatory rule that regulatory agencies around the world are still continuing to implement - the Travel Rule.

FinCEN MSB is just a ticket; what licenses are needed for a compliant US stock token trading platform?

For compliant US stock token trading platforms, this is almost an essential license. Because even though most US stock token trading platforms do not directly involve USD deposits and withdrawals, their business is fundamentally based on receiving and transmitting stablecoins pegged to USD, which aligns with FinCEN's definition of CVC, thus falling under FinCEN regulation.