The UK is preparing to set clearer rules for stablecoins in an effort to stay aligned with global regulatory developments. Summary Bank of England will release a detailed UK stablecoin regulation consultation on Nov. 10. Initial rules focus on stablecoins used for payments, with temporary holding caps. The UK aims to match the pace of…
On Nov. 4, Democratic Party candidate Zohran Mamdani won the New York City mayoral election, beating ex-New York state governor Andrew Cuomo and GOP favorite Curtis Sliwa. Mamdani is not an outspoken opponent of cryptocurrencies. Neither is he a prominent ally. However, the crypto community flooded X with commentary on Mamdani’s victory, voicing support, rage,…
Canada has included stablecoin regulations as a key element of its 2025 federal budget to support innovation in digital finance. Summary Canada will introduce new legislation for fiat-backed stablecoins under its 2025 federal budget. The Bank of Canada will allocate $10 million over two years from 2026 to administer the framework. The move follows the…
AMINA Bank has planted its flag in the European Union, with its Austrian subsidiary receiving a full MiCA license. The move provides the bank with a regulated gateway to serve professional investors across more than thirty markets. Summary AMINA Bank’s Austrian arm has received full MiCA authorization. The license enables trading, custody, and portfolio management…
Zerohash Europe has secured MiCA authorization from the Dutch AFM, allowing the company to offer regulated crypto-asset and stablecoin services across the EEA. Summary The MiCA license enables Zerohash to provide B2B2C embedded crypto and stablecoin infrastructure to banks, fintechs, and payment platforms under a harmonized EU regulatory framework. The milestone comes amid reports that…
Binance founder Changpeng Zhao has distanced himself from rumors linking him to the launch of a crypto bank in Kyrgyzstan. Summary CZ has denied proposing the creation of a crypto bank in Kyrgyzstan called “Bereket Bank”. He emphasized having no interest in operating a crypto bank, despite supporting crypto-banking relations in general. The country recently…
Brussels is eyeing a Wall Street-style playbook as it pushes for a single regulator to oversee crypto exchanges and trading platforms across the EU. Summary The European Commission plans to expand ESMA’s powers to oversee crypto exchanges, stock markets, and clearing houses under a single EU framework. A draft proposal is expected to be published…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. India’s crypto scene is a beautiful mess. On one hand, it’s home to one of the world’s largest communities of crypto users, a young, tech-savvy crowd keen to explore the endless possibilities…
Hong Kong regulators have blocked at least five public companies from pivoting to digital asset treasury models, as they weigh whether formal guardrails are needed to curb valuation bubbles and protect retail investors. Summary Hong Kong’s securities regulator has blocked at least five listed companies from shifting to digital asset treasury models amid concerns over…
Overregulation threatens to remove Europe’s edge in digital assets, says Wojciech Kaszycki, CSO of BTCS. Summary Regulatory divergence between the U.S. and the EU is accelerating Tether, the largest stablecoin on the market, is actively banned in the EU Each EU country must pass its own law to interpret MiCA, creating inconsistency A few years…
