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Reserve Bank of India urges global shift to CBDCs over stablecoins in latest stability report
On December 31 2025, the Reserve Bank of India used its Financial Stability Report to warn that risks from stablecoins to macrofinancial stability exceed their benefits and to strongly advocate for central bank digital currencies instead. India has been piloting its own digital rupee since December 2022, while maintaining strict tax rules on crypto and refusing to recognize private coins as legal tender. The report also outlined expectations for lower gross bad loans in banks by March 2027 and highlighted rising stress among non-banking financial companies under various stress-test scenarios.
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Coinbase research chief issues 2026 outlook, credits policy shift for 2025 growth
On December 31, 2025, Coinbase research head David Duong released the 2026 Crypto Market Outlook, attributing 2025 progress to clearer regulation and growing institutional build‑out. The report expects stablecoins and tokenized collateral to take bigger roles in 2026. Policy chief Faryar Shirzad warned that banning rewards on US stablecoins could cede ground to China as interest on the digital yuan starts January 1, 2026.
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Ethereum mainnet hits 2,201,457 daily transactions on December 30 with lower fees
On December 30, the Ethereum mainnet processed about 2,201,457 transactions, setting a new all-time daily L1 record while operating with significantly reduced gas fees. Average transaction costs have fallen to around $0.17 from $2.15 six months earlier, supported by recent upgrades such as Fusaka, Pectra, EIP-7702, and other protocol optimizations. Developers are now preparing the Glamsterdam and Hegota updates planned for 2026 and beyond to further improve scalability, costs, and censorship resistance.
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ETH+3.41%
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South Korea FSC proposes 15–20% cap on voting-share ownership at top four crypto exchanges
South Korea's Financial Services Commission plans to cap individual voting-share ownership at 15–20% for Upbit, Bithumb, Coinone, and Korbit, with mandatory divestments above the limit. Updated December 30, 2025 at 9:50 PM UTC, the proposal would affect stakes such as Song Chi-hyung's ~25% in Dunamu and Bithumb Holdings' 73%. Industry groups warn of market and property-rights concerns.
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China's Supreme People’s Court presses for fuller digital currency and virtual asset laws in 2025
On December 29 2025, China’s Supreme People’s Court used the sixth 2025 edition of its "Digital Rule of Law" journal to call for stronger legal frameworks for digital transactions and virtual assets. The publication reviews foreign approaches, including U.S. commercial law reforms, and proposes new categories such as "controllable electronic records" while China maintains a blanket ban on private cryptoassets and promotes the digital yuan. Recent moves since 2024 have also expanded anti-money laundering rules to virtual asset transactions, updated unfair competition law, and created internet courts to handle data and virtual property disputes.
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