South Korea’s push for a comprehensive crypto law has been postponed to 2026 as regulators clash over who may issue stablecoins. According to Yonhap, the FSC’s draft would require 100% reserves held with licensed custodians, while the Bank of Korea wants bank-controlled consortia with at least 51% ownership.

On 30 December 2025, BlackRock's blockchain-based USD Institutional Digital Liquidity Fund (BUIDL) crossed $100 million in cumulative income distributed fully onchain to token holders. The tokenized money market fund, backed by U.S. Treasuries and cash-equivalent assets and now operating across multiple blockchains, showcases that institutional-scale yield can be delivered through tokenized securities.

On December 30, 2025, Delphi Digital said GameFi endured a difficult year, with funding falling more than 55% year over year, and predicted expansion for Web2.5 titles. The firm highlighted shrinking investment rounds across Web3 gaming while noting active studios and new launches like Ndus Interactive’s Xociety still securing capital.

On December 30, South Korea postponed submitting its Digital Asset Basic Law to 2026 because of disagreements between the Financial Services Commission and major banks over stablecoin oversight. The draft law targets investor protection and requires stablecoin issuers to hold more than 100% of issuance in reserves, but the delay has introduced uncertainty for the country's digital asset market.

Trust Wallet has begun verifying wallet ownership to filter reimbursement submissions after its browser extension was compromised on December 25. CEO Eowyn Chen said 2,596 addresses were affected but around 5,000 claims were filed, and losses totaled $7 million. The company is prioritizing accuracy over speed while investigations continue.

Australia's eSafety Commissioner brought new rules into force on Dec. 27 requiring search engines to verify user ages and apply strict filters for minors, with six months allowed for full rollout. Ireland plans to use its EU Council presidency in July 2026 to push ID-based social media verification and a ban on anonymous accounts, while US officials promote measures like the GRANITE Act and sanctions on EU regulators over alleged censorship of American platforms.

As of December 30, 2025, tokenized stocks have reached a combined market capitalization of $1.2 billion, with the strongest gains in September and December. Institutional activity accelerated via launches from Backed Finance and Securitize, while Nasdaq filed with the SEC to list tokenized shares. Observers liken the moment to early stablecoin and DeFi phases.

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.