Regulations

The Office of the Comptroller of the Currency’s Oct. 14 debanking findings identify historical restrictions on digital asset issuers, exchanges, and administrators, often attributed to financial crime considerations.The findings review…

The European Banking Authority announced on Oct. 14 that USDC issued by Circle Internet Financial Europe SAS is the European Union's first significant e-money token under the EU's Markets in Crypto-Assets Regulation (MiCA).The designation…

Bank-backed company Qivalis said on Oct. 14 that it has received an electronic money institution (EMI) license from De Nederlandsche Bank (DNB), the Dutch central bank.The authorization meets a licensing condition for its planned token, and…

Philippine crypto platform Coins.ph said users’ funds were safe and that it was working to restore affected services in an Oct. 14 statement.The response follows news reports about offshore gaming transactions and the company’s engagement…

In December 2023, Senator Elizabeth Warren asked Bank of America CEO Brian Moynihan whether crypto companies handling financial transactions should follow the same anti-money-laundering rules as banks.“Absolutely,” he said. On Oct. 13,…

South Korea has ordered the blocking of domestic access to 27 crypto websites, including KuCoin and MEXC, extending its crackdown on unregistered operators and raising concerns about existing customers’ ability to withdraw.The country’s…

Australia's markets regulator proposed extending retail leverage restrictions to crypto-settled derivatives amid mounting losses among investors trading risky financial products.On Oct. 12, the Australian Securities and Investments…

South Korea has established procedures for courts to seize and sell debtors' cryptocurrency to satisfy civil claims.On Oct. 12, the Supreme Court promulgated Rule 3280, introducing standardized procedures for freezing, transferring, and…

The Financial Stability Board (FSB) warned that stablecoins could face redemption crises if, during market stress, reserves become inaccessible across borders.In an Oct. 12 report, the global financial watchdog said stablecoin issuers…

EU finance ministers agreed to shift oversight of major crypto companies to a central watchdog, reshaping supervision under MiCA.The Council of the European Union reached a political agreement on Oct. 9 to give the European Securities and…