Crypto Regulation News

Bank Negara Malaysia has launched SSDS+, a new platform for issuing and safeguarding tokenized bonds and Islamic sukuk. Built using cloud and distributed-ledger technology, the system records ownership and transfers while linking to RENTAS+ for 24/7 payment settlement in central bank money. The platform is designed for wholesale markets but can also support tokenized government and retail bonds.

Ripple has filed comments supporting the SEC’s proposed Regulation Crypto Assets, saying the agency has authority to create clearer rules for digital asset offerings. The company argues that an investment contract is the security, not the token itself, and says regulatory treatment should depend on an issuer’s promises and obligations rather than subjective measures of decentralization.

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Arkansas is asking a federal court to uphold laws limiting crypto mining operations connected to certain foreign owners. The state says the measures target security and ownership risks rather than the mining industry as a whole. Challengers argue the restrictions unlawfully discriminate based on foreign ownership, setting up a broader legal test over state control of crypto infrastructure.

BlackRock is seeking approval for PBIT, a bitcoin-linked ETF that would combine options and fixed-income assets to soften losses during market declines. The fund would use overlapping options tranches with protection structured around an initial 10% threshold. In exchange for that protection, investors would give up part of bitcoin’s upside, meaning the ETF could lag during strong rallies.

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Australia has released draft legislation to bring the OECD’s Crypto-Asset Reporting Framework into domestic law. The proposal would require covered crypto service providers to collect and report information on qualifying users and transactions, allowing the Australian Taxation Office to exchange crypto tax data with participating jurisdictions. Australia’s first international exchanges are planned for 2028.

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Mastercard and BVNK have launched Global Money Platform, a new infrastructure layer that lets banks, fintechs and enterprises manage fiat currencies and stablecoins through one API. The platform supports multi-currency accounts, real-time conversion, stablecoin-linked cards and local bank payouts, while Mastercard Move will extend access across more than 200 countries and territories.

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BingX has obtained an EU crypto license in Austria, allowing it to operate within the European Union’s regulatory framework. The company plans to expand its services to 29 additional countries. This move positions BingX to offer regulated crypto trading across a broader European market region.

The OCC says all nine of the largest national banks it reviewed maintained policies between 2020 and September 2025 that could restrict banking access based on political, religious or social views, or lawful business activity. The regulator said some policies also limited services to sectors including digital assets, firearms, tobacco, oil and gas, and detention facilities.

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Illinois has agreed to delay enforcement of its Digital Asset Tax Act until July 1, 2027 as crypto industry groups challenge the law in court. The Crypto Council for Innovation and Blockchain Association are seeking an expedited schedule, with summary judgment briefing proposed to finish by January 22 and a court decision requested by March 1.

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The European Banking Authority has classified USDC as the EU’s first significant e-money token under MiCA. From November 12, the EBA will directly supervise key areas including reserve assets, liquidity, own funds, and recovery and redemption plans. France’s ACPR will continue overseeing governance, qualifying holdings, outsourcing and conflicts of interest.

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