Illinois Enacts Dual Digital Asset Laws Expanding State Regulatory Oversight
Illinois mandates comprehensive state-level licensing and consumer protections for digital asset businesses, establishing a new compliance paradigm.
FCA Proposes Tailored Regulatory Framework for UK Crypto Firms
The FCA's CP25/25 initiates a bespoke UK cryptoasset regime, balancing innovation with enhanced operational resilience and crime prevention.
Bank of England Proposes Stablecoin Ownership Caps, Sparks Industry Backlash
The Bank of England's proposed stablecoin caps mandate a critical re-evaluation of UK digital asset strategy, risking competitive disadvantage and operational complexities.
Basel Committee Revises Bank Crypto Capital Rules, Hong Kong Implements
Banks must integrate revised Basel capital standards for cryptoassets, particularly stablecoins, necessitating updated risk frameworks by 2026.
Swiss Banks Pilot Cross-Bank Payments with Public Blockchain Tokenized Deposits
This initiative establishes a novel interbank settlement layer on a public blockchain, optimizing transaction efficiency and fostering interoperable digital asset exchange.
SEC Shifts Enforcement Policy, Mandating Warnings for Digital Asset Firms
The SEC's new "notice-first" enforcement paradigm demands proactive compliance, reshaping risk mitigation strategies for digital asset entities.
South Korea Finalizes Virtual Asset Basic Law Framework
South Korea's new Virtual Asset Basic Law mandates comprehensive oversight, reclassifying firms and setting stablecoin standards, fundamentally altering market operations.
EU Centralizes Crypto Oversight under ESMA Authority
The EU is consolidating fragmented cryptocurrency regulation under ESMA, demanding uniform compliance and reshaping market access for digital asset service providers.
Federal Reserve Eases Bank Crypto Engagement Requirements
The Federal Reserve's withdrawal of prior crypto guidance streamlines bank engagement with digital assets, shifting oversight to standard supervisory processes.
