South Korea Expands Crypto Travel Rule and Tightens VASP Governance Standards
VASPs must immediately recalibrate AML/CTF systems to capture all transfers exceeding the new $680 threshold and enforce stricter shareholder vetting.
Brazil Central Bank Finalizes Licensing Framework for Virtual Asset Service Providers
VASPs must immediately implement robust internal controls, including client asset segregation and minimum capital reserves, to meet the February 2026 compliance deadline.
UK Treasury Publishes Draft Law Bringing Crypto Assets into Regulatory Perimeter
The UK's comprehensive framework mandates full authorization for core crypto activities, requiring firms to architect compliance systems aligned with traditional finance standards.
Australian Parliament Mandates Licensing for Digital Asset Platforms and Custodians
The Bill mandates AFS licensing for digital asset platforms, fundamentally reclassifying core crypto services under established financial product law.
European Union Mandates Standardized Crypto Transaction Reporting for Tax Authorities
DAC8's Implementing Regulation compels CASPs to architect a unified, cross-border data reporting module, transforming tax compliance into a systemic EU mandate.
SEC and CFTC Clarify Spot Crypto Trading Is Permissible on Registered Exchanges
The joint interpretive statement confirms regulated exchanges can list spot crypto products, immediately lowering systemic risk and accelerating institutional market integration.
IRS Finalizes Digital Asset Broker Reporting on New Form 1099-DA
Custodial brokers must immediately update compliance frameworks to report 2025 gross proceeds, preparing for complex 2026 cost basis mandates.
Australian Parliament Introduces Bill Mandating Digital Asset Platform Licensing
The Bill mandates AFS licensing for digital asset platforms and tokenized custody, structurally integrating them into the financial services perimeter.
CNMV Authorizes First EU DLT Trading and Settlement System Operation
This landmark EU DLT Pilot Regime approval establishes the operational blueprint for tokenized securities, merging MTF and CSD functions into a single, regulated digital framework.
