The U.S. Securities and Exchange Commission (SEC) Trading and Markets Division released a statement on "Broker-Dealer Custody of Crypto Asset Securities," clarifying the applicability of "physical possession or control" under the customer protection rule 15c3-3(b)(1) of the Securities Exchange Act in the context of "crypto asset securities." The statement indicates that under certain circumstances, the division will not oppose broker-dealers determining that they have "physical possession" of relevant assets in customer accounts, including the ability for broker-dealers to directly access and transfer such crypto asset securities on the relevant distributed ledger network, and to establish and implement written policies for assessing and continuously reviewing the distributed ledger technology and network relied upon.

The cybersecurity and economic investigation departments in Qiannan, Guizhou, have jointly cracked a network pyramid scheme involving "virtual currency," capturing 15 criminal suspects across multiple locations. The investigation revealed that the organization promoted the slogan "Everything valuable in the world can be tokenized," built a "virtual currency" platform for anonymous transactions, and established a multi-level hierarchy system. Members participated by recharging and staking, profiting through direct referral rewards for developing downlines, with organizational levels exceeding three and thousands of participants. Currently, the relevant suspects have been legally prosecuted.

The Russian government plans to implement a year-round ban on cryptocurrency mining in the southern Buryatia Republic and the Trans-Baikal Territory starting in 2026, as outlined in a draft document from the government’s electricity industry development committee meeting on December 10. Previously, restrictions in these areas were mainly focused on the winter peak electricity consumption period (from November 15 to March 15 of the following year), while the new plan aims to upgrade it to a permanent ban.

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Indian MP Rajya Chabha is pushing a tokenization bill in the federal parliament on Tuesday, which will allow for fractional ownership distribution of real estate, infrastructure projects, and other traditionally expensive assets through digital tokens. The MP stated that India's middle class primarily relies on bank savings, mutual funds, and fixed deposits, and tokenization can provide them access to high-return assets while offering instant, broker-free liquidity. This framework will make investment and ownership "truly beneficial to the general public," while providing India with the clarity needed to attract global capital flows from major cities like Singapore, the UAE, and Hong Kong.