Archive
10 briefings published
- Oct 30, 2026DailyUSUK
Daily Crypto Regulatory Brief — Oct 30, 2026
The US and UK are moving in different directions today. The SEC is building rails while swinging the enforcement hammer — a proposed custody framework for advisers and funds plus an innovation exemption for tokenized NMS stock, alongside fresh charges in a $130 million fraud that weaponized fake SEC filings. In the UK, the FCA closed out its action against HTX with High Court undertakings and a full market exit, and FCA-authorized e-money issuer ePayments Systems entered special administration. Net read: US posture is constructive on infrastructure but aggressive on fraud; UK posture remains firmly restrictive on offshore platforms and promotions.
- Jun 12, 2026DailyJPUSGLOBALSG
Daily Crypto Regulatory Brief — Jun 12, 2026
Japan's Lower House passed a sweeping bill reclassifying crypto as financial instruments under the securities framework, opening a path to ETFs and lower tax treatment with effect expected in 2027 pending upper-house approval. The permissive tilt extends to the EU, where Hungary will unwind criminal-liability rules on crypto trading after EU scrutiny, and to the US, where the SEC's proposal to scrap key NMS rules including Rule 611 is being read as a major unlock for tokenized US equities on decentralized venues. Enforcement counterweight came from the DOJ, which charged two individuals in the $389 million AudiA6 crypto laundering case, and from South Korea, where Bithumb's CEO was booked as a bribery suspect. Net read: structural liberalization on market access, with no letup on AML and conduct enforcement.
- Jun 11, 2026DailySGUSUK
Daily Crypto Regulatory Brief — Jun 11, 2026
APAC enforcement risk jumped today: the Philippine central bank publicly declared Binance and its local partner unlicensed, a move that historically precedes operational restrictions, while South Korean police booked Bithumb's CEO as a bribery suspect. In the US, the CFTC opened its first formal rulemaking for prediction-market contracts, drawing a regulatory line between permissible event contracts and gambling. Meanwhile, the comment battle over Treasury's GENIUS Act AML rules intensified, with Anchorage backing the framework but seeking secondary-market sanctions clarity, and Paradigm and Hyperliquid Policy Center pushing back on liability scope for DeFi apps and validators. UK de-banking friction continues, with industry groups claiming roughly 40% of crypto transactions are blocked by banks.
- Jun 8, 2026AnalysisEU
MiCA Titles III & IV: the EU stablecoin regime, explained
Asset-referenced tokens (ARTs) and e-money tokens (EMTs) are now under prudential supervision across the EU. Here is what issuers, exchanges, and depositors need to understand about authorisation, reserve composition, redemption rights, and the volume caps.
- Jun 7, 2026AnalysisGLOBALEUUKSG
FATF Travel Rule for VASPs: where global implementation actually stands
The FATF Travel Rule extends bank-style originator/beneficiary information sharing to virtual asset transfers above USD/EUR 1,000. Implementation is patchy — here is the current map of which jurisdictions enforce, which require but tolerate gaps, and which are still drafting.
- Jun 6, 2026AnalysisUS
OCC interpretive letters on bank crypto custody: the current state of permissibility
A national bank can custody crypto-assets, hold stablecoin reserves, and run an independent node — within the bounds set by Letters 1170, 1172, 1174, and the 2021 supervisory non-objection requirement. Here is what is currently permitted and what still requires prior notice.
- Jun 5, 2026AnalysisUK
FCA cryptoasset financial promotions: the rules behind the UK marketing ban
Since October 2023 every cryptoasset promotion targeting UK consumers must either be issued or approved by an FCA-authorised firm — and comply with a content rulebook including risk warnings, 24-hour cooling-off, and a ban on incentives. Here is what the regime actually requires.
- Jun 4, 2026AnalysisSG
Singapore's single-currency stablecoin framework: what MAS-regulated SCS issuance requires
MAS finalised its single-currency stablecoin (SCS) framework in 2023, creating a labelled regime for fully-reserved stablecoins issued in Singapore. Here is how it differs from a generic DPT licence — and why the "MAS-regulated stablecoin" label matters for market access.
- Jun 3, 2026AnalysisHK
Hong Kong's Stablecoins Ordinance: licensing fiat-referenced stablecoin issuers
The Stablecoins Ordinance establishes a HKMA-administered licensing regime for issuers of fiat-referenced stablecoins ("FRS") with a Hong Kong nexus. Here is the perimeter, the licensing conditions, and the prior sandbox cohort that shaped them.
- Jun 2, 2026AnalysisGLOBAL
FSB global stablecoin recommendations: the supranational baseline shaping national frameworks
The Financial Stability Board's revised 2023 recommendations on global stablecoins set a minimum-standards baseline that most national frameworks — MiCA, HKMA, MAS SCS, UK proposals — implement in some form. Here is what the recommendations require and how they map to current national rules.