The Bank of China is conducting trials for an offline payment system that connects to SIM cards, enabling users to make phone payments with the digital yuan. South Korea will require all local firms to disclose their cryptocurrency holdings from 2024 to enhance transparency and align with supervision guidelines. The Russian parliament has passed the digital ruble bill, bringing Russia's central bank digital currency (CBDC) project closer to reality. The European Banking Authority (EBA) has called for the early adoption of stablecoin standards by issuers ahead of expected regulatory requirements. Celsius Network has filed a lawsuit against StakeHound to recover $150 million worth of tokens, alleging that StakeHound failed to return the tokens.
