Crypto markets surged after the US Federal Reserve cut interest rates for the first time since December 2024, dropping them from 4.3% to 4.1%. This sparked a rise in Bitcoin's price, with analysts cautiously optimistic about future market responses, despite potential short-term corrections. Meanwhile, in France, the securities regulator, AMF, expressed concerns about crypto companies obtaining licenses in more lenient EU jurisdictions, threatening to revoke their EU passports. Pakistan opened up its digital asset market by inviting Expressions of Interest from leading crypto firms through its new regulator, PVARA. Contrasting these developments, Thailand faced a crackdown on scams, freezing millions of bank accounts and imposing daily transfer limits amidst the turmoil. Additionally, Australia eased regulatory requirements for stablecoin distributors to foster innovation while ensuring consumer protections.

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