Andreessen Horowitz launches strategic expansion into Asian crypto market, 
appointing SungMo Park as Head of APAC go-to-market in South Korea. Andreessen 
Horowitz (A16z) crypto announced its expansion into Asia, opening its first 
office in Seoul, South Korea. The move comes in response to the region’s 
significant crypto market presence, with South Korea being the second-largest 
[…]

A16z Crypto Expands Into Asia With Seoul Office Launch

The Polish government reintroduced an identical version of an 84-page crypto 
bill that was vetoed by the president, raising questions about local versus 
centralized EU oversight.

Poland resubmits vetoed crypto bill: ‘Not even a comma’ changed

An experiment in Prague might end up mattering more for Bitcoin than the usual 
ETF inflow chart. Speaking on the “Crypto In America” show on 10 December, 
Coinbase Head of Institutional John D’Agostino highlighted that the Czech 
National Bank has begun testing Bitcoin in its national treasury and for 
payments, and argued that this sort of move by a Eurozone central bank is 
likely to spread. Czech Bitcoin Pilot Could Spread Across Eurozone “The Czech 
national bank chose very well in their service providers,” he said, adding 
that the central bank is “putting Bitcoin on their national treasury and they 
are experimenting with and learning in real time using Bitcoin for payments.” 
The pilot is small — “a million dollars of Bitcoin” — but for D’Agostino the 
signal is not in the size, it is in who is doing it and why. He drew a 
deliberate contrast with earlier sovereign experiments: “No disrespect to El 
Salvador… this wasn’t a ‘I want to shake up my economy because I’m heading in 
the wrong direction’… This is, we are a stable Euro zone country… we don’t 
have to do this.” Related Reading: Standard Chartered Cuts 2026 Bitcoin Price 
Prediction By 50% Instead, the Czech move followed “all the bells and 
whistles” of a traditional process: RFPs, vendor selection, formal adoption 
into policy. That, he suggested, is exactly what makes it dangerous — for the 
status quo. “That type of thing is contagious and I can see more Euro zone 
[countries] following suit very very shortly,” he said. The comment did not 
come in isolation. Throughout the interview, D’Agostino hammered a consistent 
thesis: institutional adoption has always been less about perfect regulatory 
clarity and more about liquidity, credible market structure and having the 
“right” types of participants in the pool. “I’ve always been a bit of a 
skeptic on the argument that the reason institutions haven’t invested… is 
regulatory clarity,” he said. Clarity is “top three,” but in his ranking it 
comes after liquidity and sits alongside alpha potential. If two of the three 
are present, “people will find a way.” Bitcoin’s spot ETFs, in his view, have 
already created something the asset previously lacked: a cohort of 
structurally compelled participants. “The ETFs, in my view, are kind of the 
surrogate commercial users of Bitcoin,” he argued. They “have to rebalance… 
it’s codified into their business model,” acting as a stabilizing force 
similar to industrial users in commodities markets. Related Reading: Bitcoin 
Lacks Fresh Momentum As Realized Cap Growth Still Declining A Eurozone central 
bank experimenting with Bitcoin on its balance sheet pushes that logic one 
step further up the food chain. D’Agostino did not spell out a grand theory of 
“Bitcoin as reserve asset” — he was careful, almost lawyerly, about what he 
could say — but the implication is not terribly subtle: when a central bank 
with access to normal EU funding “doesn’t have to do this” and still chooses 
to, it normalizes Bitcoin inside the most conservative layer of the monetary 
system. That sits alongside a broader reputational repair job he thinks the 
industry still has to finish. Crypto, he argued, has had no more structural 
failures than other markets — he pointed to the London Metal Exchange’s 
cancellation of billions in nickel trades as an under-discussed parallel to 
FTX — but “we tend to push the jokers to positions of prominence,” whereas 
TradFi “does a good job of hiding their jokers.” Between cleaner narratives, 
ETF-driven “surrogate” demand and now a Eurozone central bank quietly wiring a 
million dollars into Bitcoin, D’Agostino’s message was that the institutional 
story is less about a sudden wave and more about erosion. “There’s no wave,” 
he said earlier in the conversation. “It’s this gradual erosion as opposed to 
this crashing wave.” If he is right about the Czech experiment being 
contagious, that erosion may soon be happening from the inside of the Euro 
system as well, not just from asset managers in New York. At press time, BTC 
traded at $90,234. Featured image created with DALL.E, chart from 
TradingView.com

More Eurozone Countries Will Buy Bitcoin, Says Coinbase’s Institutional Chief

The MoU marks a cautious step toward real-world stablecoin payments in the 
UAE, with e&amp; assessing how AE Coin could integrate into its digital channels.

UAE telco giant e& taps dirham stablecoin for bill payments pilot

Gelephu Mindfulness City introduces sovereign gold-backed digital token TER, 
leveraging Solana blockchain to bring physical gold into the digital realm. 
Bhutan announced the launch of TER, a gold-backed digital token, on December 
11, 2025, through Gelephu Mindfulness City (GMC). The token, whose name 
derives from the Dzongkha word for “Treasure,” will be issued on Solana’s […]

Cryptocurrency price in MMK