China's General Administration of Press and Publication is proposing guidelines to limit the use of in-game tokens, reflecting a broader push to regulate digital activities. El Salvador is encouraging Bitcoin integration by offering expedited citizenship to those who contribute to its development programs using Bitcoin, aligning with its pioneering stance of making Bitcoin legal tender. In Hong Kong, the Securities and Futures Commission is opening doors for spot crypto ETFs, highlighting its crypto-friendly approach, which contrasts with mainland China's stricter policies. In Europe, Coinbase and Circle have received regulatory approvals in France, indicating a progressive regulatory environment for cryptocurrencies, while the US faces more regulatory challenges. Meanwhile, the People's Bank of China is advocating for global collaboration in crypto regulation, focusing on creating uniform rules to mitigate risks, despite China's stringent stance on cryptocurrencies.