The commission also singled out Hungary for failing to comply with the EU's MiCA framework after an amendment to a local law.

Brian Armstrong made the media rounds before and after he announced Coinbase was pulling its support for a major US crypto bill, reportedly facing off with Jamie Dimon in Davos.

An official said that Hong Kong authorities would work on a draft framework, and had begun processing license applications for stablecoin issuers and addressing crypto taxes.