Australia Introduces Digital Asset Legislation Mandating Financial Services Licensing
New Australian legislation requires digital asset platforms to secure an AFSL, integrating the sector into the existing robust financial services compliance architecture.
Congress Introduces BITCOIN Act Establishing Strategic National Reserve
This legislation formally designates Bitcoin as a strategic reserve asset, fundamentally altering its risk classification and affirming self-custody rights.
European Central Bank Advances Digital Euro Regulation to Next Preparatory Phase
The ECB's advancement of the Digital Euro Regulation mandates PSPs prepare for a systemic shift toward a sovereign digital legal tender.
SEC Launches Project Crypto to Formalize Digital Asset Securities Regulatory Framework
The SEC's shift to formal rulemaking replaces enforcement-driven uncertainty, mandating a systemic overhaul of token classification and disclosure protocols.
ESMA Finalizes MiCA Technical Standards Mandating Full CASP Compliance Framework
CASPs must immediately integrate MiCA's final technical standards, operationalizing market abuse controls and strict reverse solicitation limits before the December 30, 2024 deadline.
Bank of England Proposes Strict Reserve Rules for Systemic Stablecoin Issuers
Issuers of systemic sterling stablecoins must architect new reserve frameworks, mandating 40% in BoE deposits to mitigate liquidity risk.
SEC Rescinds SAB 121 Removing Major Bank Digital Asset Custody Hurdle
The SEC's SAB 121 rescission eliminates prohibitive balance sheet constraints, strategically clearing the path for institutional banking entry into digital asset custody.
St. Paul Council Bans Cryptocurrency Kiosks Citing Consumer Fraud Risk
Municipal action prohibiting crypto kiosks establishes a critical precedent for local jurisdictions to regulate digital asset access based on immediate consumer protection and fraud mitigation mandates.
FinCEN Designates Crypto Mixers Primary Money Laundering Concern under PATRIOT Act
The final rule mandates BSA-regulated entities implement "special measures" to prohibit or severely restrict transactions involving designated mixing services, fundamentally altering AML/KYC risk models.
