Regulation & Policy
Global regulatory and policy developments affecting crypto and digital assets. Each article is summarised by AI into a factual overview of 50 words or fewer.

Revolut obtains Gibraltar crypto licence to enhance global operations
Revolut has secured a cryptocurrency licence from Gibraltar, enabling the company to expand its services globally and strengthen its position in the digital finance sector.
CFTC Challenges CME's Legal Position on Perpetual Futures
The U.S. Commodity Futures Trading Commission has rejected the legal stance of the Chicago Mercantile Exchange regarding perpetual futures, marking a significant development in the ongoing regulatory debate.
$33 Million Moved from Bitcoin Wallet Involved in Noah Doe Lawsuit
A Bitcoin wallet linked to the Noah Doe lawsuit has transferred $33 million. The movement raises questions about the ownership and future of the assets in the ongoing legal case.
New York and Wyoming Work Together on Cryptocurrency Regulation
New York and Wyoming are collaborating to establish cryptocurrency regulations in response to the GENIUS Act. This partnership aims to create a more cohesive regulatory framework for digital assets.
Fidelity report assesses Solana's network health with minor concerns noted
A recent Fidelity report evaluates Solana's network performance, highlighting its strengths while also mentioning a few areas for improvement.
European Banking Authority Places USDC Under Significant Token Supervision
The European Banking Authority has classified USDC as a significant token, subjecting it to enhanced regulatory scrutiny. This decision reflects ongoing efforts to regulate stablecoins within the European financial system.
Fidelity Agrees to $500,000 Settlement Over Crypto Withdrawal Issues in California
Fidelity has settled a dispute in California by agreeing to pay $500,000 related to issues with cryptocurrency withdrawals.
New bill proposes relief for honest mistakes in crypto tax reporting
A new legislative proposal aims to provide a pathway for individuals who have made genuine errors in their cryptocurrency tax filings, offering potential relief from penalties.
Strive Increases Bitcoin Holdings to 36,818 BTC Before $700 Million Settlement
Strive has raised its Bitcoin holdings to 36,818 BTC in preparation for a $700 million settlement involving SATS.
Latvia Revises Tax Regulations for Cryptocurrency and Opens 2027 Declaration Window
Latvia has updated its tax treatment for cryptocurrencies, allowing for a declaration window in 2027. This change aims to clarify tax obligations for crypto investors and enhance regulatory compliance.
JPMorgan Launches JPM Coin on Ethereum for Public-Chain Settlement Testing
JPMorgan has introduced its JPM Coin on the Ethereum blockchain, marking a significant step as banks explore public-chain settlement solutions.
Crypto.com and Novig challenge Missouri prediction market regulations in court
Crypto.com and Novig have filed a lawsuit in federal court against Missouri's prediction market regulations, seeking to contest the state's legal framework governing such markets.
BingX and YouHodler included in ESMA MiCA register update
BingX and YouHodler have been added to the ESMA MiCA register, reflecting their compliance with regulatory standards.
France proposes stablecoin tax and regulations for self-custodial wallets
France is advancing a tax on stablecoins and is considering regulations for self-custodial wallets. Additionally, proposals for an exit tax are being examined as part of the country's evolving cryptocurrency framework.
Crypto vault deposits exceed $10 billion amid regulatory scrutiny on lending risks
Deposits in crypto vaults have surpassed $10 billion, raising concerns about lending risks that are attracting regulatory attention.
Seoul Court Acquits Jonber Kim in $253 Million Cryptocurrency Scam Case
A Seoul court has acquitted Jonber Kim, who was accused of orchestrating a $253 million cryptocurrency scam. The ruling has significant implications for ongoing cryptocurrency regulation and legal accountability in South Korea.
South Korea to Discuss Tax Delay with Cryptocurrency Exchanges
South Korean officials are set to meet with cryptocurrency exchanges to address requests for a delay in tax implementation related to digital assets.
Broadcom and Verizon oppose SEC's tokenized stock framework for OKX-ICE listing
Broadcom and Verizon have raised objections to the SEC's proposed framework for tokenised stocks, which affects the listing of these assets on the OKX-ICE exchange.
This Week in Crypto Law: Key Developments and Updates
The latest updates in cryptocurrency regulation and legal matters are discussed, highlighting significant changes and ongoing cases affecting the crypto industry.
Crypto.com and Novig file lawsuit against Missouri over sports wagering laws
Crypto.com and Novig have initiated legal action against the state of Missouri, seeking to block recently enacted sports wagering laws that they argue are unconstitutional.
CFTC suggests federal oversight framework for cryptocurrency exchanges
The Commodity Futures Trading Commission has proposed a new framework for federal oversight of cryptocurrency exchanges in the United States, aiming to enhance regulation and consumer protection in the digital asset market.
Fidelity's $500,000 Crypto Settlement Excludes IRAs from Wallet Transfer Terms
Fidelity has reached a $500,000 settlement regarding cryptocurrency transactions, but the terms do not apply to Individual Retirement Accounts (IRAs) concerning wallet transfers.
Latvia to introduce one-time 10% crypto tax declaration window in 2027
Latvia has announced plans for a one-time tax declaration window for cryptocurrencies, allowing individuals to declare their holdings at a 10% tax rate in 2027.
Latvia plans to allow crypto tax payments by 2027 amid taxation overhaul
Latvia's parliament is working on a significant overhaul of its cryptocurrency taxation system, aiming to enable tax payments in cryptocurrency by 2027.
Crypto PAC Spending Against Sherrod Brown Exceeds $52 Million
Political action committees supporting cryptocurrency interests have spent over $52 million targeting Senator Sherrod Brown in Ohio.
SEC approves Coinbase earnings bets with fixed settlements despite number changes
The SEC has approved a new type of earnings bet for Coinbase that remains settled even if the underlying numbers change, marking a significant development in financial derivatives.
Most Americans Oppose Betting on Elections, Impacting Prediction Markets
A significant number of Americans are against participating in betting on elections, which poses challenges for prediction markets. This trend raises concerns about the viability and future of such markets in the political landscape.
French Lawmakers Approve Stablecoin Tax Amendment by One Vote
French lawmakers have narrowly approved a tax amendment concerning stablecoins, passing the measure by a single vote. The change aims to clarify the tax treatment of these digital assets.
SEC Chair Atkins Calls for Comprehensive Regulations on Cryptocurrency
SEC Chair Gary Atkins has reiterated the need for thorough regulations governing the cryptocurrency sector to ensure investor protection and market integrity.
Trump's Treasury Department Proposed Crypto Privacy Rule Now Under Scrutiny
A proposed privacy rule for cryptocurrency by Trump's Treasury Department has come to light, raising questions about its implications and the reasons for its lack of implementation.
Circle defends USDC economics amid competition from rival stablecoins
Circle has responded to challenges from rival stablecoins that are offering better deals to its partners, asserting the stability and economic model of USDC.
French Assembly Approves Tax on Crypto-to-Stablecoin Swaps by One Vote
The French National Assembly has narrowly approved a tax on swaps between cryptocurrencies and stablecoins, passing the measure by a single vote.
French Assembly Approves Tax Proposal for Stablecoin Swaps
The French National Assembly has narrowly approved a proposal to impose a tax on stablecoin swaps, aiming to regulate the cryptocurrency market more effectively.
Crypto Companies Contribute $210 Million to Political Donations Amid Regulatory Scrutiny
A report reveals that major cryptocurrency firms have made significant political donations totalling $210 million, coinciding with increasing regulatory scrutiny in the sector.
Crypto King Allegedly Misused $16.3 Million of Investor Funds for Luxury Living
A court has heard that a cryptocurrency entrepreneur, referred to as the 'Crypto King', spent $16.3 million of investor funds on a lavish lifestyle.
CFTC Moves Forward with Crypto Regulation Following CLARITY Act Setback
The Commodity Futures Trading Commission is advancing its regulatory framework for cryptocurrencies after the Senate's failure to pass the CLARITY Act, which aimed to provide clearer guidelines for digital asset regulation.
Crypto Super PAC Fairshake Invests Millions to Oppose Sherrod Brown
Fairshake, a political action committee focused on cryptocurrency, has allocated millions to campaigns aimed at defeating Senator Sherrod Brown.
MSCI Tightens Index Rules Amid Scrutiny of Bitcoin Treasury Firms
MSCI has revised its index rules, increasing scrutiny on Bitcoin treasury firms, including Strategy. The changes aim to enhance compliance and transparency in the cryptocurrency sector.
Lagarde highlights resilience of euro-area economy and imminent digital euro
Christine Lagarde stated that the euro-area economy remains resilient and announced that the launch of a digital euro is approaching.
SBI and Startale Collaborate on Yen-Dollar Stablecoin Settlement Pilot
SBI and Startale have partnered to pilot a stablecoin settlement system using yen and dollars, aiming to enhance cross-border transactions.
Bitcoin Treasury Strategy May Be Removed from MSCI Index Following New Rules
MSCI has finalised new rules that could lead to the removal of Bitcoin treasury strategies from its indices, impacting institutional investment strategies.
Crypto PACs increase funding against Sherrod Brown in Ohio Senate race
Political Action Committees focused on cryptocurrency are ramping up their spending to oppose Sherrod Brown in the Ohio Senate race, highlighting the growing influence of crypto interests in political campaigns.
Crypto.com, Gemini, and a16z contribute $210.5M to Trump super PACs
Crypto.com, Gemini, and a16z are among the donors contributing $210.5 million to super PACs supporting Donald Trump.
MSCI's new rules may impact Strategy's Bitcoin purchasing capacity
MSCI's updated regulations could restrict Strategy's ability to buy Bitcoin, following a significant decline in its stock value. This change raises concerns about the broader implications for cryptocurrency investments.
Perpetuals Seeks SEC Exemption to Trade Tokenised US Stocks
Perpetuals, a Nasdaq-listed firm, has filed for an exemption with the SEC to trade tokenised US stocks, aiming to innovate within the regulatory framework.
U.S. judge denies Gemini's appeal to overturn $5 million settlement
A U.S. judge has rejected Gemini's appeal to void a $5 million settlement, despite support from the CFTC.

CZ Questions Solana's Awareness of China's Regulations After Event Halted
Changpeng Zhao, CEO of Binance, has raised concerns about Solana's understanding of Chinese regulations following the suspension of its Shanghai event.
Judge denies CFTC and Gemini's request to reverse $5 million settlement
A judge has rejected the Commodity Futures Trading Commission and Gemini's bid to undo a $5 million settlement related to regulatory issues.

Australia Initiates Consultation for New Cryptocurrency Tax Reporting Regulations
The Australian government has opened a consultation process to develop new tax reporting laws for cryptocurrency transactions, aiming to enhance compliance and transparency in the sector.

ASIC Suggests Stricter Regulations for Crypto Exchanges Before 2027 Deadline
The Australian Securities and Investments Commission has proposed new rules for cryptocurrency exchanges, aiming to enhance consumer protection and compliance ahead of a licensing deadline set for 2027.
Australia proposes draft bill for OECD crypto tax reporting framework
The Australian government has released a draft bill aimed at adopting the OECD's framework for cryptocurrency tax reporting, seeking to enhance compliance and transparency in the crypto sector.
Hyperliquid CEO Jeff Yan outlines US compliance strategy for operators
Jeff Yan, CEO of Hyperliquid, has presented a compliance plan aimed at regulating operators rather than the entire chain in the US. This approach seeks to address regulatory challenges in the cryptocurrency sector.
CFTC aims to integrate Hyperliquid into US market, according to Trump
The Commodity Futures Trading Commission is reportedly working on integrating Hyperliquid into the US market, as stated by former President Trump.
Kraken Parent Payward Expands Banking Operations in Europe
Payward, the parent company of Kraken, is broadening its banking presence across Europe to enhance its services and support for customers.
USDC Achieves Key EU Regulatory Milestone Ahead of November Changes
USDC has reached an important regulatory milestone in the EU, which will bring changes in November. These developments are expected to impact its operations and compliance within the European market.
Russia to Ban Peer-to-Peer Bitcoin Trading, Confirms Central Bank
The Central Bank of Russia has announced plans to prohibit peer-to-peer Bitcoin trading, marking a significant shift in the country's stance on cryptocurrency transactions.
South Korea identifies two crypto firms involved in recent security breaches
South Korea has named two cryptocurrency firms as part of a wave of security breaches affecting major banks and financial institutions.
UK court determines Chinese law applies to 61,000 seized Bitcoin claims
A UK court has ruled that claims regarding 61,000 Bitcoin seized in a case will be governed by Chinese law.
Ex-Trump adviser Bo Hines profited from stablecoin legislation, reports WSJ
Bo Hines, a former adviser to Donald Trump, reportedly gained financially after aiding in the passage of a stablecoin bill.
Russia Prohibits Self-Custody Withdrawals From Regulated Crypto Accounts
Russia has implemented a ban on self-custody withdrawals from regulated cryptocurrency accounts, affecting how users can manage their digital assets.
Trump's crypto bill loses key negotiator as Patrick Witt departs White House team
Patrick Witt, the White House negotiator for Trump's crypto bill, has exited his position, impacting the administration's approach to cryptocurrency regulation.
Sweden Considers Digital Krona Amid ECB's Digital Euro Developments
Sweden's Riksbank is revisiting plans for a digital krona as the European Central Bank progresses with its digital euro initiatives.
Australia considers A$14 million capital requirement for cryptocurrency firms
Australia is contemplating a new capital rule of A$14 million for cryptocurrency companies as part of a broader regulatory crackdown on the sector.
Wall Street Moves Forward Amidst Uncertainty Over Crypto Regulations
Financial advisors on Wall Street are taking proactive steps in the cryptocurrency space, no longer waiting for Congress to establish regulatory guidelines.
Russia to prohibit direct peer-to-peer cryptocurrency trades from July 2027
Russia plans to ban direct peer-to-peer cryptocurrency transactions starting in July 2027, aiming to regulate the digital currency market more effectively.
BingX EU Obtains MiCAR Licence for Regulated Crypto Services in Europe
BingX EU has secured a MiCAR licence, enabling the company to offer regulated cryptocurrency services across Europe, enhancing compliance and consumer protection in the digital asset space.
Legal Opinion on Potential Overturn of SEC and CFTC Pro-Crypto Rules
A legal analysis explores whether the pro-crypto regulations established by the SEC and CFTC can be challenged or overturned, examining the implications for the cryptocurrency industry.
SEC Approves Binary Options on Coinbase and MARA Metrics
The SEC has approved binary options trading on Coinbase and MARA metrics, but clarified that this does not equate to a bet on Bitcoin's price.

BingX EU Obtains MiCAR Licence for Crypto Services in Europe
BingX EU has secured a MiCAR licence, enabling it to offer regulated cryptocurrency services across 29 European markets.
Coins.ph refutes allegations of involvement in offshore gaming activities
Coins.ph has denied claims linking the company to offshore gaming operations in the Philippines, asserting its commitment to compliance and regulatory standards.
US community banks file lawsuit against federal regulators over crypto licenses
A group of US community banks has initiated legal action against federal regulators, seeking to stop the issuance of cryptocurrency bank licences, citing concerns over regulatory compliance and financial stability.
Australia's financial watchdog proposes stricter regulations for crypto exchanges
The Australian Securities and Investments Commission is advocating for tougher rules for cryptocurrency exchanges as the licensing deadline approaches.
Nine Major Banks Restrict Crypto Accounts Amid New OCC Regulations
Nine large banks have begun blocking cryptocurrency accounts, responding to recent regulations from the Office of the Comptroller of the Currency (OCC) that aim to enhance oversight of digital assets.
USDC Recognised as EU's First Major E-Money Token Under MiCA Regulations
USDC has been officially designated as the first significant e-money token in the European Union under the Markets in Crypto-Assets (MiCA) regulations, marking a milestone for digital currencies in the region.
USDC divides global reserves ahead of EBA's November 12 deadline
The European Banking Authority has mandated a handover of USDC's global reserves by November 12, prompting a split in its reserves.
South Korea to enhance cybersecurity following attacks on banks and crypto firms
South Korea is planning a significant overhaul of its cybersecurity measures after recent attacks targeted banks and cryptocurrency exchanges, highlighting vulnerabilities in the financial sector.
Australia invites public input on crypto platform regulations before 2027 launch
The Australian government is seeking feedback on proposed regulations for cryptocurrency platforms as it prepares for a rollout in 2027.
Qivalis secures Dutch EMI licence, faces MiCA regulations hindering launch
Qivalis has obtained a Dutch Electronic Money Institution licence but is unable to launch due to restrictions imposed by the Markets in Crypto-Assets regulations.
SEC approves Cboe's prediction market options linked to Coinbase, Nvidia, Tesla
The SEC has approved Cboe's new prediction market options that are tied to key performance indicators for Coinbase, Nvidia, and Tesla, marking a significant development in the trading of financial derivatives.
Coins.ph users experience app lockout due to central bank intervention
Users of Coins.ph are facing difficulties accessing the app following intervention from the central bank. The situation has raised concerns among customers regarding their funds and account access.
Coinbase website inaccessible for some users following court order in Taiwan
Some users are experiencing difficulties accessing the Coinbase website due to a court-ordered block in Taiwan.
Groups collaborate to oppose Illinois cryptocurrency tax after six-month hiatus
Various organisations have united to challenge the Illinois cryptocurrency tax following a six-month pause in efforts.
EU classifies Circle’s USDC stablecoin as ‘significant’ under MiCA regulations
The European Banking Authority has classified Circle’s USDC stablecoin as a ‘significant’ token under the Markets in Crypto-Assets regulation, highlighting its importance in the EU financial landscape.
OCC report links debanking efforts to cryptocurrency activities
A report by the OCC reveals that efforts to debank individuals and businesses are often associated with cryptocurrency activities.
Coinbase collaborates with law enforcement to tackle West African scams
Coinbase has partnered with law enforcement agencies to disrupt scam networks operating in West Africa, aiming to combat fraudulent activities that exploit cryptocurrency.
Ukraine's Kinetic Sanctions Impact Russian A7A5 Stablecoin Operations
Ukraine's kinetic sanctions have disrupted the operations of the Russian A7A5 stablecoin, according to a report by Elliptic.
Qivalis Obtains Dutch Licence for Euro Stablecoin Initiative
Qivalis has secured a licence in the Netherlands as 37 banks prepare to issue a euro stablecoin under the Markets in Crypto-Assets regulation.
Former FTX Europe chief seeks SEC exemption for U.S. tokenized stock trading
The former head of FTX Europe is pursuing a new SEC exemption to facilitate tokenized stock trading in the U.S.
France Introduces 31.4% Tax on Stablecoins, Excluding USDT and DAI
France has announced a 31.4% tax on stablecoins, notably excluding USDT and DAI. This move raises questions about its potential impact on the Markets in Crypto-Assets (MiCA) regulation.
Qivalis receives Dutch e-money licence for euro stablecoin
Qivalis has been granted an e-money licence by the Dutch central bank, enabling it to issue a euro stablecoin. This authorisation marks a significant step for the company in the digital currency space.
Bitcoin's upcoming difficulty increase may reduce miners' earnings
A projected 5-7% rise in Bitcoin's mining difficulty could result in some rigs earning less than their electricity costs, putting pressure on miners' revenue.
Qivalis obtains Dutch e-money licence for euro stablecoin project
Qivalis has secured a Dutch e-money licence, allowing it to proceed with plans for a euro stablecoin. This development marks a significant step in the company's efforts to expand its financial services in the European market.
Dutch Central Bank Approves Qivalis for E-Money Licence Under MiCA
The Dutch central bank has granted Qivalis an electronic money institution licence, enabling the issuance of a euro token compliant with the Markets in Crypto-Assets (MiCA) regulation.
Coins.ph asserts BSP licence remains valid despite revocation claims
Coins.ph has stated that its licence from the Bangko Sentral ng Pilipinas is still intact, countering recent claims regarding potential revocation.
Blockchain.com Seeks CFTC Licences for Crypto Derivatives in the U.S.
Blockchain.com has filed for licences with the CFTC to offer crypto derivatives and prediction markets in the United States, aiming to expand its services in the growing digital asset market.
Sam Bankman-Fried's lawyer presents case for Supreme Court appeal
The lawyer for former FTX CEO Sam Bankman-Fried outlines arguments for his Supreme Court appeal, focusing on legal precedents and implications for the cryptocurrency industry.
Bank of America supports crypto AML regulations amid $5 billion reporting issue
Bank of America has endorsed stricter anti-money laundering rules for cryptocurrency, despite revealing over $5 billion in suspicious activity reports that were not filed.
Proposed French tax on stablecoins may push crypto traders abroad
A new tax proposal in France targeting regulated stablecoins could lead to an exodus of crypto traders seeking more favourable jurisdictions.

