BIP 110 Debate Grows Across the Bitcoin Network
Cryptocurrency News
5 min read time
|Updated: 2026-07-13
As of July 13, the
crypto market agenda is shaped by stablecoins advancing on both the regulatory and adoption fronts, alongside the Bitcoin network's own internal governance test. The Bank of Thailand is placing high-volume stablecoin transactions, led by USDT, under strict scrutiny to combat money laundering and illicit financial flows, while in Japan, Lawson convenience stores will begin accepting payments in the yen-based stablecoin JPYC starting in August, taking the integration of stablecoins into daily life one step further. On the Bitcoin side, Strategy executive Michael Saylor emphasized that the real risk of the contested BIP 110 proposal is not spam, but the precedent of allowing a small group to change the network's rules, drawing the community's attention to the consensus process.
Crypto Market Context
The day's developments show that the stablecoin market is growing on two fronts: rules are tightening on the regulatory side, while these assets are gaining more ground in everyday payment systems. The simultaneous strengthening of regulatory pressure and commercial adoption signals that stablecoins are no longer viewed as speculative instruments, but as a permanent payment infrastructure whose reliability is now being tested.
On the Bitcoin front, investor focus is shifting from price action to the network's decision-making processes. As the weight of institutional capital grows, protocol-level debates are no longer a technical detail but a direct component of risk pricing. The market is now factoring in not only price, but also the governance stability of the network as a valuation criterion.
Warning from Saylor: The Real Risk Is Not Spam
The BIP 110 proposal under debate in the
Bitcoin network aims to reduce spam by limiting the amount of non-monetary data that can be attached to transactions, but according to Strategy executive Michael Saylor, the real danger lies in the precedent this change would set.
-
The proposal is being pushed forward without broad support: its author uses a pseudonym, the vast majority of miners do not back it, and instead of the high miner approval threshold typically required, it relies on a user-activated path.
-
Some developers note that the proposal could invalidate certain currently valid transactions and carries the risk of splitting the network in two.
-
Saylor stated, "There are 110 things more dangerous to Bitcoin than spam," stressing that the real risk is the idea that a small group could change the network's rules without broad support.
Overall, this development shows that a technical spam debate has evolved into a matter of governance and legitimacy; it demonstrates that in decentralized networks like Bitcoin, they set the rules and how they carry as much weight as the rules themselves.
Bank of Thailand Steps Up Stablecoin Oversight
The Bank of Thailand, together with the country's Securities and Exchange Commission, is placing high-volume
stablecoin transactions under audit, deploying a multi-layered and lasting oversight mechanism against money laundering, illicit financial flows, and funds originating from the "gray economy."
-
Audits focus particularly on USDT transactions, cash movements, and currency exchanges; banks' compliance obligations are being expanded to cover cash networks, gold trading, and currency exchange offices.
-
Cash movements exceeding 5 million baht (approximately $150,000) now require full source-of-funds disclosure, while the exchange of large banknotes for smaller denominations is also being placed under monitoring.
Overall, this development shows regulators' tendency to bring stablecoin flows under the same oversight framework as traditional money laundering channels; it points to the potential for tightening stablecoin regulations across Southeast Asia.
Japan's Lawson Pilots Stablecoin Payments with JPYC
Lawson, Japan's third-largest convenience store chain, will begin accepting payments in the yen-based stablecoin JPYC at its Takanawa Gateway City location in Tokyo starting in early August.
-
The pilot is part of a proof-of-concept trial conducted in partnership with KDDI, Japan's second-largest telecom operator, and HashPort, a crypto wallet firm supporting JPYC transactions.
-
JPYC launched last October as Japan's first registered yen stablecoin since licensing requirements were introduced in 2023; its on-chain circulation surpassed 2 billion yen ($12.36 million) last week.
-
The stablecoin maintains a 1:1 peg to the yen and operates on Avalanche, Ethereum, Polygon, and Kaia; JPYC Inc. backs all issued assets with 100% reserves held in yen deposits and government bonds.
Overall, this development marks a concrete step in the integration of stablecoins into traditional retail payment infrastructure; it highlights the potential for Japan's regulated yen stablecoin ecosystem to expand into everyday commerce.
CoinTR Insight
The day's picture highlights two critical axes in the crypto market's maturation process. On the stablecoin side, the clarification of regulatory frameworks and the spread of commercial use are strengthening these assets' central role in trading pairs. On the Bitcoin side, protocol-level debates remind investors to monitor not only price but also the network's long-term stability. This environment once again underscores the importance of reliable trading infrastructure and deep liquidity.
In this environment, CoinTR's deep liquidity structure and stable
USDT/TRY trading flow offer users:
-
The ability to closely follow stablecoin regulations and institutional developments,
-
Secure and uninterrupted trading in Bitcoin amid volatility driven by network-level debates,
-
The ability to maintain controlled and disciplined positioning while governance-related uncertainties persist.
Investor focus is shifting from daily price movements toward the long-term reliability of networks and stablecoin infrastructures.
Forward-Looking Assessment
In the short term, the market's focus will be on the course of the BIP 110 debate and the Bitcoin community's response to the proposal. The proposal's attempt to advance without broad support keeps the risk of a network split on the agenda; the potential for this uncertainty to translate into price volatility should be watched closely.
In the longer term, developments on the stablecoin front will be decisive. The simultaneous progress of oversight and adoption in Asia is reinforcing stablecoins' permanent role in global payment infrastructure; the spread of this trend to other regions stands as one of the key dynamics accelerating the crypto market's integration with traditional finance.
2026-07-13Legal Notice
The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.
Bitcoin on the Radar of Governments and BanksRecommended
Cryptocurrency NewsQuantum Testing of Bitcoin and New Crypto Regulations As of September 14, the crypto market is seeing moderate declines. Bitcoin is trading at around $76,900, Ethereum near $2,450 and XRP around $1.34, while technology and regulation are among the day’s key themes. An experimental method designed to address future quantum risks on the Bitcoin mainnet is back in focus, while the UK is preparing to expand the Bank of England’s innovation responsibilities across payments and stablecoins. In the US, the SEC is continuing to work on updated custody rul2026-09-14
Cryptocurrency NewsNew Developments in Crypto Tax and Blockchain Security As of September 10, the crypto market is seeing relatively limited price movements. Bitcoin is trading at around $78,200, Ethereum near $2,470 and XRP around $1.39, while developments in regulation and security infrastructure are among the day’s main headlines. Germany’s Finance Ministry is working on a new framework for taxing crypto gains, blockchain intelligence company TRM Labs has reached a $2 billion valuation, and a breach involving Trezor’s third-party email provider has brought phishin2026-09-10
Cryptocurrency NewsInstitutional Bitcoin Flows Continue as Stablecoin Usage Expands As of September 9, the crypto market is focused on the U.S. monetary policy expectations, spot Bitcoin ETF flows and the continued expansion of stablecoin usage. Spot Bitcoin ETFs recorded approximately $987 million in net inflows last week, while Visa’s stablecoin settlement volume surpassed a $20 billion annualized run rate, representing growth of more than 15x year over year. Together, these developments show a market that continues to navigate macroeconomic uncertainty while the role of dig2026-09-09
