1. Tether Announces It Will Discontinue Support for Offshore RMB Stablecoin CNH₮ link
Tether has announced it will discontinue support for its offshore Chinese yuan stablecoin, CNH₮. Effective immediately, new issuance will cease, and no new tokens will be minted. Redemption support will be terminated one year after the announcement, with a separate reminder to be issued before the redemption deadline. Tether stated the decision is based on changing market conditions, low product demand, and insufficient ongoing usage by the community, noting that the scale of CNH₮ usage cannot support continued operational costs. Redemptions will still be processed normally in accordance with terms until the deadline, and holders are advised to complete redemptions as soon as possible.
2. Metaplanet CEO Responds to Anonymous Allegations, Discloses Bitcoin and Options Trading Details link
Metaplanet CEO Simon Gerovich publicly responded to allegations from anonymous accounts, including: over the past six months, amid increased volatility, the company has allocated more capital to yield-generating businesses, profiting from selling put options and put spreads, with part of the proceeds used for long-term Bitcoin purchases and timely disclosures; all four Bitcoin acquisitions in September were promptly disclosed, with the strategy being systematic long-term accumulation rather than market timing; option transactions reduce the cost of Bitcoin acquisition, not betting on price increases; net profit is not an appropriate metric for evaluating Bitcoin treasury companies, operating profit of 6.2 billion yen (up 1694% year-on-year) demonstrates the quality of the strategy, and recurring losses are only due to unrealized valuation changes; credit facility arrangements and three withdrawals between October and December were disclosed in a timely manner, with loan amounts, collateral, interest rate structures, purposes and terms fully public; lender identities and specific interest rates were not disclosed at the counterparty’s request, but the terms are favorable to the company.
3. Hong Kong Lawmaker Ng Kit-chong Proposes Airdropping Stablecoin “Consumption Vouchers” to Residents link
Ng Kit-chong, a member of the Hong Kong Legislative Council, stated on the 78 HOY Info Channel program Finance Chat that Hong Kong is expected to issue the first batch of stablecoin issuer licenses in March. He proposed that after the licenses are issued, eligible citizens should receive stablecoins via airdrop/consumer vouchers for spending at local small and medium-sized enterprises (such as restaurants and entertainment venues) to drive adoption and boost the economy. The related administrative costs could be borne by the licensed companies.
4. Uzbekistan Issues Its First-Ever Cryptocurrency Mining License link
The National Agency for Perspective Projects (NAPP) of Uzbekistan has officially issued the country’s first-ever cryptocurrency mining license. The relevant information has been published in the agency’s electronic registration system. The first company to obtain legal digital asset mining qualification is the private firm NexaGrid. It received the official permit document from the competent authority on January 19, 2026. Its mining equipment will be deployed in the Romitan District of Bukhara Region. NexaGrid was registered and established in Tashkent in April 2025, with a registered capital of 600 million Uzbekistani soums (approximately 50,000 US dollars).
5. Bank of Russia: Foreign Crypto Exchanges and Platforms May Operate Legally in Russia by Registering Local Subsidiaries link
The Central Bank of Russia has announced that foreign cryptocurrency exchanges and trading platforms may legally operate in the Russian market by registering subsidiaries in Russia. Ekaterina Lozgacheva, Director of the Department for Strategic Development of Financial Markets at the Central Bank of Russia, stated that relevant rules will be incorporated into the upcoming crypto regulatory legislation. Under the previously submitted regulatory framework, digital currencies and stablecoins will be recognized as “monetary values” — they may be bought and sold but cannot be used as a means of payment within Russia.
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6. Dubai Launches Real Estate Token Secondary Market, Advancing $16B Tokenization Plan link
The Dubai Land Department (DLD) and tokenization firm Ctrl Alt have announced the launch of a secondary market for real estate tokens, with an initial batch of approximately $5 million worth of fractional real estate assets officially entering the controlled trading phase. Around 7.8 million tokens (representing 10 Dubai properties) are available for trading on a compliant distribution platform. All transactions are recorded on the XRP Ledger and custody is provided by Ripple Custody. This project is part of Dubai’s goal to achieve $16 billion in real estate tokenization by 2033, aimed at testing market infrastructure and compliance frameworks, and synchronizing tokenized property transactions with the official land registration system.
7. Vietnamese Crypto Holders and Local Firms Face Severe Losses and Industry Contraction After Bitcoin’s Price Halved link
Since Bitcoin hit an all-time high of $126,000 in October 2025, its price has nearly halved, leaving Vietnamese crypto asset holders and local crypto companies grappling with heavy losses and industry contraction. Approximately 55% of Vietnamese individual crypto investors recorded losses last year, and many startups have faced bankruptcy, layoffs, or downsizing. Local Vietnamese crypto projects — ranging from NFTs to blockchain lending and trading services — have been severely hit. Nguyen The Vinh, co-founder of blockchain firm Ninety Eight, stated that the company has laid off nearly one-third of its employees since last year.
8. Ruble-Backed Stablecoin A7A5 Claims Compliance in Kyrgyzstan but Remains Sanctioned link
Oleg Ogienko, Director of External Affairs at A7A5, stated during Consensus Hong Kong that the company is registered in Kyrgyzstan and complies with local regulations, maintaining KYC, AML, and regular audit mechanisms, and claims not to violate Financial Action Task Force principles. However, its issuer and affiliated entities such as Old Vector LLC have been sanctioned by the U.S. Department of the Treasury. Reports indicate that A7A5 primarily provides cross-border settlement channels for Russian entities restricted by banks, and facilitates liquidity interoperability via DeFi and USDT. Previously, the company was a sponsor at Token2049 Singapore, but its related information was subsequently removed.
9. Russian Broker Finam Registers a Crypto Mining Investment Fund with the Central Bank link
Russia’s leading brokerage firm Finam has registered an investment fund focused on cryptocurrency mining with the Central Bank of Russia, with plans to launch trading of fund shares in the coming days. Vladislav Kochetkov, Chairman of Finam’s Board of Directors, stated that the fund is currently in the final stages of operational preparation, and a series of investment products related to digital asset mining will be rolled out in the future. The mining fund’s computing infrastructure is located in the Ardatovsky District of the Republic of Mordovia, connected to the local natural gas infrastructure, and uses distributed gas-fired power generation to supply energy to mining rigs, aiming to reduce operating costs and improve efficiency.
10. UAE Has Mined Approximately $453.6M Worth of Bitcoin via Partner Citadel link
The United Arab Emirates has mined approximately $453.6 million worth of Bitcoin through its partner Citadel. It appears the UAE has retained most of the mined Bitcoin, with its last major outbound transfer occurring four months ago. Excluding energy costs, the UAE currently holds an estimated $344 million in paper profit from its Bitcoin mining operations.
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