Archive
2 briefings published · type: Daily · jurisdiction: Singapore
- 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.