UK Advances Integrated Crypto Regulation, Abandons Phased Stablecoin Approach
The UK's consolidated crypto framework mandates concurrent stablecoin legislation and regulated custody, streamlining compliance for digital asset firms.
SEC Permits State Trust Companies as Qualified Crypto Custodians
The SEC's no-action relief allows registered investment advisers to treat state trust companies as "banks" for crypto custody, significantly de-risking institutional entry.
Scotland Bill Legally Defines Digital Assets as Property
The Digital Assets (Scotland) Bill establishes digital assets as property, providing critical legal certainty for industry operations and investment.
EU Strengthens Crypto Oversight, Sanctions Russian Stablecoin
European regulators are tightening their grip on the crypto market by sanctioning a Russian stablecoin and centralizing oversight.
White House Establishes Framework for U.S. Blockchain Innovation
The White House's comprehensive digital assets report outlines a strategic framework to foster U.S. blockchain leadership, enhancing regulatory clarity and integrating digital assets into mainstream finance for enterprise operational advantage.
UK FCA Prohibits Credit Card Use for Retail Cryptocurrency Purchases
The FCA's ban on credit-funded crypto purchases enhances consumer protection, mandating a recalibration of retail client onboarding and risk frameworks.
Canada Integrates Crypto-Asset Reporting Framework into Income Tax Act
Canada mandates crypto-asset service providers to implement enhanced tax reporting and due diligence, aligning with OECD CARF standards by 2026.
Nigerian Central Bank, SEC Establish Collaborative Digital Asset Regulatory Framework
Nigeria's CBN and SEC pivot to a unified digital asset framework, mandating operational clarity for fintechs and fostering regulated innovation.
Hong Kong Enacts Stablecoin Ordinance, Commences Licensing Regime
The Stablecoin Ordinance mandates robust capital, reserve, and redemption frameworks, redefining operational compliance for issuers.
