Yesterday crypto industry witnessed many happenings, from regulators tightening their grip on stablecoins in one corner of the world to companies using their Bitcoin to get loans. Let’s have a look at what unfolded over the past 24 hours.
Canada to Reshape Digital Currency Laws
Canada announced measures that will reshape how digital currency operators conduct business. The 2025 federal budget of the country introduced a comprehensive regulatory framework targeting companies that issue stablecoins. The country’s move signals growing worry among policymakers about the risks that stablecoins might pose to the financial system.
Metaplanet continues to buy BTC
Over in Japan, Metaplanet Inc. managed to pull off an impressive financial move by borrowing $100 million using its Bitcoin stash as collateral. The company put up about 3% of its 30,823 Bitcoin holdings to secure this loan. What’s interesting is that this loan has no end date and is just a piece of a much bigger $500 million credit line the company announced three days earlier.
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Is MicroStrategy at risks?
Finally, well-known Bitcoin analyst Willy Woo weighed in on concerns about MicroStrategy potentially having to sell its massive Bitcoin holdings during the next market crash. His take? It’s not going to happen. Woo confidently dismissed worries that MicroStrategy might face a forced liquidation, saying it would take an extremely long and brutal step market to push the company into that corner. While some critics worry about the company’s debt levels and whether it might eventually need to dump Bitcoin to pay bills, Woo believes the firm’s position is much stronger than the skeptics suggest.
This ends the small roundup of what happened yesterday in the world of crypto. Stay tuned for more updates and happenings of this fast-paced industry.
