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law

The Japanese Financial Services Agency is promoting the transition of the crypto asset business law and simultaneously launching three stablecoin payment pilot experiments

According to market news, at the "9th BCCC Collaborative Day" held on April 21, 2026, Shigeru Shimizu, the head of the Risk Analysis Division of the Financial Services Agency (FSA) of Japan, delivered a special speech revealing significant progress in cryptocurrency regulation. The FSA has submitted a bill to the extraordinary Diet, proposing to transition cryptocurrencies from the Payment Services Act to the Financial Instruments and Exchange Act, mainly involving four core aspects: regulations on information disclosure, the establishment of new classifications for independent operators, strengthening penalties for unregistered operators, and preparing regulations against insider trading.At the same time, the FSA is advancing three "Payment Innovation Projects (PIP)" empirical experiments: first, a cross-border payment trial using yen stablecoins involving three major banks; second, on-chain settlement of securities such as government bonds, corporate bonds, and stocks based on blockchain, aiming for 24/7 continuous trading; third, an interbank tokenized deposit transfer experiment that just received support on April 3 of this month, which will be promoted in conjunction with the Bank of Japan's central bank digital currency tokenization sandbox project. Mr. Shimizu stated that blockchain has great potential in enhancing the convenience of financial services and diversifying products, and the FSA will continue to promote institutional development and practical support.

The consultation on the draft "Financial Law" has ended, with very little involvement regarding the legal status of digital currencies and the regulatory boundaries of crypto assets

According to Caixin, the one-month public consultation for the "Financial Law of the People's Republic of China (Draft)" ended today (April 19). This is the first overarching law in China and the world with "finance" in its name. The expansion of "quasi-judicial powers" for financial regulation is a topic of great concern in the market.According to Article 55 and related provisions, financial regulatory authorities have the right to access and copy property rights information, communication records, and transaction records of relevant entities and individuals when investigating financial violations. They can directly freeze or seal assets if there is evidence suggesting the transfer or concealment of illegal funds and securities. They can even decide that individuals suspected of violations cannot leave the country during the investigation.In addition, Zeng Gang, chief expert and director of the Shanghai Financial and Development Laboratory, believes that the "Financial Law" should also strengthen its focus and coverage on emerging financial formats. Topics such as AI-driven financial decision-making, the legal status of digital currencies, and the regulatory boundaries of crypto assets have sparked widespread controversy globally, but the draft addresses them very little. How to maintain a dynamic balance between lawful regulation and inclusive innovation is a problem left to be solved by legislation.

Rhea Finance disclosed the reason for the attack, a flaw in the slippage protection logic led to a loss of 18.4 million dollars

According to RHEA Finance's official disclosure, the NEAR ecosystem lending protocol RHEA Finance (formerly known as Burrow Finance) experienced a margin trading feature hack, resulting in a loss of approximately $18.4 million.The attacker began laying the groundwork several days prior by creating multiple fake token pools on Ref Finance and injecting liquidity, constructing a malicious exchange route that exploited a vulnerability in the protocol's slippage protection mechanism—this mechanism did not account for the scenario where intermediate tokens were reused when calculating the minimum output of multi-step exchanges—leading to the borrowed debt tokens being directed into fake token pools controlled by the attacker, triggering a large-scale forced liquidation that ultimately drained the protocol's reserve pool. During the attack, the attacker deleted a total of 55 intermediate accounts to cover their tracks. Currently, the attacker has returned approximately 3.359 million USDC and 1.564 million NEAR to the RHEA lending contract, while another 4.34 million USDT has been frozen (of which Tether froze 3.291 million and NEAR Intents froze 1.053 million). The protocol contract has been suspended, and the team is collaborating with centralized exchanges for joint tracking and has notified relevant law enforcement agencies.

DGrid AI launches the AI agent platform DClaw, helping users build their personal local AI assistant with one click

AI infrastructure service provider DGrid officially launched its core product DClaw ------ a one-click personal AI agent deployment platform specifically designed for the DGrid ecosystem, aimed at significantly lowering the participation threshold for the open agent economy, providing out-of-the-box personal local AI assistants for individuals, developers, teams, and various communities.According to the official introduction, compared to the open-source framework OpenClaw, DClaw has achieved a comprehensive product upgrade. It focuses on true one-click agent deployment capabilities, compressing the technical configuration process that originally took hours into minutes; it natively integrates DGrid's unified model access API, allowing immediate access to top global models such as GPT-5.4, Claude Opus 4.6, Kimi K2.5 without the need for additional API key configuration; at the same time, it natively adapts to mainstream office and communication platforms such as WeChat, WeChat Work, DingTalk, and Telegram, enabling a single agent to operate uniformly across different environments.In addition, DClaw features a user-controlled persistent memory system and a hot-swappable modular skill plugin ecosystem, supporting multi-agent collaborative work to meet automation execution needs across various scenarios. Each DClaw instance can serve as an intelligent node in the DGrid network, achieving a deep integration of personal usage value and open ecosystem construction.Currently, DClaw has officially launched, allowing users to quickly build their own personal AI agents and participate in the construction of the DGrid open agent economy ecosystem.
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