ZEDXION

ZEDXION cryptocurrency exchange processed **$1.36 billion** in trading volume over the past 24 hours. **Top Performer:** - RECALL/USDT led gains with a **49.15% increase** This marks a slight decline from yesterday's $1.57B volume, though trading activity remains robust. RECALL has shown strong momentum, previously gaining 78.75% in October. The exchange continues to maintain billion-dollar daily volumes, indicating sustained market interest across its 83 trading pairs. Visit [ZEDXION](http://zedxion.io) for live trading data.

The UK has enacted groundbreaking legislation that officially recognizes **digital assets as a distinct category of property**. This new law creates a **third property classification** specifically for crypto and digital assets, separate from traditional personal and real property categories. Key implications: - Legal clarity for crypto ownership and transactions - Enhanced protection for digital asset holders - Clearer framework for courts handling crypto disputes - Potential boost to UK's position as crypto-friendly jurisdiction The legislation addresses long-standing legal uncertainties around digital asset ownership and provides a **solid foundation** for the growing crypto economy in the UK.

European Union banks have announced plans to launch a **euro-pegged stablecoin** in 2026, marking a significant step in the region's digital currency adoption. This development follows a growing trend of **institutional stablecoin initiatives** across major economies: - US Bancorp recently launched its stablecoin on the Stellar network - India introduced the rupee-pegged digital asset Arc - Nordic banks previously joined a European alliance for euro-backed digital currencies The EU's move represents a **coordinated effort** by traditional banking institutions to enter the stablecoin market, potentially providing greater stability and regulatory compliance compared to existing options. This initiative could reshape the European digital payments landscape and offer businesses and consumers a **regulated alternative** to current stablecoin offerings.

**Kyrgyzstan has officially launched its national stablecoin USDKG**, marking a significant milestone in state-backed digital currencies. **Key Details:** - Total issuance capped at **$50 million USD** - **Gold-backed** for stability and value preservation - Represents Kyrgyzstan's entry into sovereign digital currency space This launch follows months of planning, with the country first announcing plans for the national stablecoin in November. The **USDKG represents a hybrid approach** - combining traditional gold backing with modern blockchain technology. **Why This Matters:** - First major **gold-backed national stablecoin** from a sovereign state - Could influence other nations considering similar digital currency initiatives - Provides alternative to traditional fiat currencies with precious metal backing The launch positions Kyrgyzstan as an early adopter in the **sovereign digital currency movement**, potentially setting precedent for other nations exploring state-issued stablecoins backed by physical assets.

Swiss banks have successfully implemented **real-time settlement** using distributed ledger technology, marking a significant advancement in traditional banking infrastructure. This development follows the European Central Bank's announcement to pilot a blockchain-based euro settlement system by 2026, indicating growing institutional adoption of distributed ledger solutions. **Key implications:** - Faster transaction processing for Swiss banking customers - Reduced settlement times from days to minutes - Enhanced transparency in financial transactions - Potential model for other European banking systems The implementation demonstrates how traditional financial institutions are integrating blockchain technology to improve operational efficiency while maintaining regulatory compliance.

**Fidelity International** has received approval to offer its Bitcoin ETF to retail investors in the UK, marking a significant milestone for cryptocurrency access in the region. This development follows the UK Financial Regulator's decision in August to lift the ban on crypto exchange-traded notes for retail investors, opening the door for broader cryptocurrency investment products. **Key implications:** - UK retail investors can now access Bitcoin exposure through a regulated ETF structure - Represents growing institutional acceptance of cryptocurrency investments - Aligns with global trend of Bitcoin ETF approvals The approval demonstrates the UK's evolving regulatory stance toward digital assets, providing retail investors with a traditional investment vehicle to gain Bitcoin exposure without directly holding the cryptocurrency.

Kenya's Parliament has officially passed the **Virtual Asset Service Providers Bill**, marking a significant step toward comprehensive cryptocurrency regulation in the East African nation. The legislation aims to: - Establish regulatory framework for crypto service providers - Enhance consumer protection in digital asset transactions - Bring clarity to the previously uncertain regulatory landscape This move follows similar regulatory efforts across Africa, with **Ghana** having introduced cryptocurrency platform licensing earlier this year to boost revenue and oversight. The bill represents Kenya's commitment to balancing innovation with investor protection as crypto adoption continues growing across the continent.

Kazakhstan's central bank has officially launched **KZTE**, a new stablecoin built on the Solana blockchain. This development follows the country's previous crypto milestone - launching Central Asia's first Bitcoin ETF in August 2024. **Key Points:** - KZTE represents Kazakhstan's continued embrace of digital assets - Built on Solana's fast and low-cost blockchain infrastructure - Positions Kazakhstan as a regional leader in crypto adoption The launch demonstrates the country's progressive approach to integrating blockchain technology into its financial system, building on its earlier Bitcoin ETF success.

**American Express has introduced blockchain-based Travel Stamps**, marking the financial giant's entry into Web3 travel solutions. The new system leverages blockchain technology to create digital travel verification stamps, though specific implementation details remain limited from the initial announcement. **Key Points:** - Major financial institution adopting blockchain technology - Focus on travel-related applications - Part of growing trend of traditional companies exploring Web3 solutions This move signals continued mainstream adoption of blockchain technology by established financial services companies, particularly in the travel and payments sector where Amex has significant market presence.

South Korea is developing a comprehensive regulatory framework for won-backed stablecoins, marking a significant shift in the nation's digital currency policy. The Bank of Korea and Financial Services Commission are collaborating to: - Establish clear guidelines for won-backed stablecoin issuance - Implement oversight mechanisms for stablecoin operators - Create consumer protection measures This initiative follows earlier efforts from April 2025 when the central bank first announced its intention to regulate stablecoins. The framework aims to balance innovation with financial stability.