Gate News: On March 18, Kenya's Ministry of Finance released a draft of the "2026 Virtual Asset Service Provider Regulations" on Wednesday (March 15) and opened a public comment period with a deadline of April 10. The draft was developed based on the "Virtual Asset Service Provider Act" that took effect on November 4, 2025, and was drafted by a multi-agency working group involving the Central Bank of Kenya and the Capital Markets Authority.

Although the Middle East region is in turmoil due to the conflict between the US, Israel, and Iran, crypto enterprises in the UAE have demonstrated resilience in the cloud and virtual markets, with daily operations unaffected and attractiveness remaining stable.

A court in Zhangqiu District, Jinan City, Shandong Province heard a virtual currency investment case and ruled that Liu's entrustment contract for investing in "Alpha Coin" was invalid because his participation in illegal financial activities means he must bear the loss himself. The judge warned that virtual currency transactions are not protected by law.

Meta announced that starting June 15, users will no longer be able to build, publish, or update virtual reality worlds on Meta Quest headsets, and will be unable to access Meta Horizon Worlds, marking a shift toward mobile-first strategy. This adjustment reflects Meta's repositioning of its metaverse strategy, with a focus shifting toward AI and wearable products.

Ripple announced plans to expand digital asset services in Brazil, with plans to apply for a virtual asset service provider license, and has already connected with multiple local institutions to its network, including Banco Genial and Braza Bank, to promote dollar transfers and stablecoin issuance.

The fraud case involving virtual asset trading platform JPEX was re-heard at the Eastern Magistrates' Courts in Hong Kong on March 16, involving 8 defendants, including social media influencers and entertainers. The magistrate adjourned the case to June 1, while police have prosecuted 16 people in connection with this case.

South Korea's Financial Supervisory Service and other institutions signed an agreement on March 17 aimed at blocking phone scam and virtual asset crime funding chains by analyzing overseas credit card usage data and entry/exit records. The new mechanism will enable information sharing among various institutions and strengthen monitoring and response to abnormal transactions.

Gate News, on March 17, Sui Developers released a tweet stating that Sui's new virtual machine has been launched for testing, and a bug bounty program has been simultaneously opened. According to the introduction, the new virtual machine launched this time includes three core technology upgrades: a complete rewrite of the execution engine, faster caching mechanisms, and a next-generation Move language upgrade.

Korea's National Police Agency completes draft virtual asset management directive, first time including dark coin management and clarifying software wallet solutions. Over the past 5 years, virtual assets worth approximately 54.5 billion won have been seized, with police planning to select private custodian institutions. Experts recommend establishing a government-led custody system.

South Korea's financial intelligence unit imposed a 6-month partial shutdown and a 368 billion won fine on a certain CEX for violating anti-money laundering obligations. The inspection found numerous regulatory violations and customer identification issues. During this period, existing user transactions were not affected, but virtual asset transfers for new users were restricted.