The People's Daily introduced the concept of "tokens" in an article titled "A Discussion on Tokens (New Knowledge)," presenting tokens as information processing units in AI. The article points out that around the development of tokens, a new value system is taking shape, facilitating the commercialization of artificial intelligence. Daily token invocations have exceeded 1.4 quadrillion, indicating that a virtuous cycle of data supply is beginning to be established.

South Korea's People Power Party held a closed-door meeting on March 23rd with representatives from major cryptocurrency exchanges to discuss the abolition of the virtual asset taxation system scheduled for implementation in 2027, and to hear proposals on stablecoin issuance and legislation. Party whip Song Yeon-seok has proposed amending the Income Tax Law to address the double taxation issue.

Gate News reported that on March 22, Pan Gongsheng, Governor of the People's Bank of China, stated at the China Development Forum 2026 Annual Conference that the central bank will continue to implement a moderately loose monetary policy, comprehensively utilizing various monetary policy tools such as the reserve requirement ratio, policy interest rates, and open market operations to maintain ample liquidity. (China News Service)

The Procuratorate of Yuetang District, Xiangtan City, Hunan Province announced a verdict in a money laundering case. Eight defendants were sentenced for concealing telecom fraud proceeds through virtual currency and counterfeit Moutai liquor transactions, with the case involving more than 6.84 million yuan. The criminal group used sophisticated methods to disguise illegal proceeds as legitimate income. They were ultimately discovered by police and subjected to a full-chain crackdown.

On March 20, Gate News reported that across the entire network over the past 24 hours, liquidations reached $311 million, with long positions liquidated for $200 million and short positions liquidated for $111 million. Both long and short positions in Bitcoin and Ethereum experienced varying degrees of liquidation, with 103,431 people globally liquidated. The largest single liquidation occurred on the XYZ:GOLD-USD trading pair, valued at $3.675 million.

Gate News reported that on March 20, according to BitcoinWorld, the People's Bank of China (PBOC) announced on March 20, 2025, its decision on the Loan Prime Rate (LPR, China's benchmark lending rate), strategically maintaining rates unchanged to preserve economic stability.

South Korean police arrested 19 members of a fraud ring suspected of money laundering and seized approximately 6 billion won in criminal proceeds. The gang used an unregistered virtual asset exchange to convert fraud cash into USDT and transfer it overseas, with money laundering amounts reaching hundreds of billions of won.

Gate News reported that on March 19, a certain cryptocurrency exchange has laid off approximately 30% of its workforce since the beginning of the year, reducing total employee count to around 445 people. The exchange simultaneously introduced AI tools to improve operational efficiency. Financial reports show that the exchange recorded losses of approximately $585 million for the full year 2025, with fourth quarter revenue of around $60 million, though losses expanded further. Previously, the exchange had announced a 25% workforce reduction and withdrew from the UK, EU, and Australian markets, while making adjustments to several key executives.

The People's Bank of China plans to incorporate about 12 commercial banks into the digital yuan system to expand its operational scope. These banks will be responsible for functions such as wallet management, currency exchange, and payment processing. The digital yuan adopts a model that combines centralized management by the central bank with the operational capabilities of commercial banks. It is expected that the participation of commercial banks will continue to grow, and the application scenarios and coverage will be further expanded.

Poland's President Signs New Law Incorporating EU DAC8 Directive into Domestic Legislation, Requiring Cryptocurrency Investors to Declare Returns; Those Failing to Disclose Face Tax Rates as High as 75%. Currently, Only About 1% of Investors Comply with Tax Obligations, with an Estimated 3 Million People in Poland Holding Cryptocurrency.