Key Highlights: Binance will halt eight services—including margin trading, loans, and Launchpool—and delist 22 tokens for Brazilian residents starting October 27. Eligible Brazilian users are transitioning to local regulated entities, utilizing Binance Brasil Corretora de Câmbio e Valores Mobiliários SA for fiat transactions by October 29. New regulatory requirements enforced by the Central Bank of ...
Key Highlights: The European Securities and Markets Authority (ESMA) has issued updated guidance targeting crypto-asset service providers handling unauthorized stablecoins under the Markets in Crypto-Assets (MiCA) framework. Crypto firms must establish technical, contractual, and organizational controls to block European Union clients from purchasing or expanding exposure to non-compliant tokens. Firms are permitted to facilitate temporary, ...
Key Highlights Greece has published a draft bill proposing a 10% capital gains tax on cryptocurrency investments. The draft legislation includes an annual tax-free threshold of up to €500 ($560) for crypto profits. Scheduled for parliamentary submission in November, the proposed rate is significantly lower than crypto taxes in peer European Union nations like Germany, ...
Key Highlights: Lawmakers face a tight 22-day Senate post-election window to negotiate and pass the CLARITY Act (H.R. 3633) following an earlier procedural setback. Key sticking points between Democratic and Republican negotiators focus on ethics provisions, illicit finance, consumer protections, and stablecoin regulations. Both the SEC and CFTC are navigating regulatory moves under existing statutory ...
Key Highlights: Stablecoin payments platform Rain has submitted an application to the Office of the Comptroller of the Currency (OCC) for a national trust-bank charter. Operating as a New York subsidiary named Rain National Trust bank, the proposed entity plans to provide fiduciary digital asset and dollar custody, stablecoin reserve management, and institutional token issuance ...
Key Highlights: OKX founder Star Xu projects that blockchain and crypto industry transformations beginning in 2026 will vastly outpace the progress seen over the previous decade. Centralized exchanges are projected to evolve beyond pure trading hubs into comprehensive global platforms offering payments, asset storage, and tokenized shares. Advances in self-custody and on-chain infrastructure could allow ...
Key Highlights The U.S. Department of the Treasury and FinCEN have officially withdrawn a controversial December 2020 regulatory proposal targeting self-hosted cryptocurrency wallets. The agency also withdrew a separate proposal that sought stricter reporting and recordkeeping measures for crypto mixing transactions. The unhosted wallet rule, which was left pending for nearly six years, would have ...
Key Highlights: Securities and Exchange Commission Chairman Paul S. Atkins signaled upcoming regulatory proposals aimed at preventing onchain markets from being driven offshore. The SEC’s planned custody overhaul would permit self-custody under specific conditions, recognize state trust companies as custodians, and address broker-dealer safekeeping services. Complementary customer-protection proposals outline proof-of-reserves verifications, asset segregation, and a ...
Key Highlights The proposed regulatory plan introduces two primary components: Regulation Crypto Asset Transactions (CTX) and Regulation Crypto Asset Markets (CAM), targeting retail leveraged and financed trading. Unlike sweeping legislative efforts, ordinary spot trading remains under state-level oversight, while platforms opting into the federal regime gain a standardized CFTC pathway for margin trading. The Commodity ...
Key Highlights: The Commodity Futures Trading Commission (CFTC) has unveiled two regulatory frameworks: Regulation Crypto Asset Transactions (Regulation CTX) and Regulation Crypto Asset Markets (Regulation CAM). Regulation CAM introduces an optional federal licensing framework for crypto exchanges under the Designated Contracts Management (DCM) system, offering a way to bypass state-by-state regulatory regimes and provide retail ...
Key Highlights: The CFTC is utilizing Section 2(c)(2)(D) of the Commodity Exchange Act to create a tailored federal framework that offers crypto exchanges regulated access to retail leverage. Platforms opting into the regime must adopt strict compliance standards inspired by FTX’s collapse, including proof of reserves, customer fund segregation, and intermediation via futures commission merchants. ...
Key Highlights The Commodity Futures Trading Commission (CFTC) announced an advance notice of proposed rulemaking introducing Regulation Crypto Asset Transactions (Regulation CTX) and Regulation Crypto Asset Markets (Regulation CAM). The framework aims to establish uniform federal oversight for crypto asset exchanges under existing statutory authorities rather than relying on regulation by enforcement. A statutory gap ...