Crypto Regulation News

Senator Cynthia Lummis said the CLARITY Act would stop developers from being prosecuted for writing code, pointing to Section 604 as a safeguard for non-custodial crypto infrastructure. The provision would cover developers, node operators, and validators that do not control customer funds. Industry leaders are pushing to keep the language intact as Congress weighs how to regulate DeFi without treating all builders as financial intermediaries.

The Bank of England has relaxed its stablecoin regulations, providing clarity for the industry. The move aims to promote innovation while ensuring financial stability. Key details of the new rules are expected to be released soon.

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South Korea is considering allowing fintech firms to join a new virtual asset transfer licensing regime set to take effect in December. Companies approved under the framework will be able to offer blockchain based cross border remittance and foreign exchange services under formal regulatory oversight. Officials from relevant government agencies and industry participants told local media that authorities have started drafting enforcement regulations for amendments to the Foreign Exchange Transactions Act and are reviewing registration requirements for businesses seeking to operate virtual asset transfer services.

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Malta is preparing a framework for DeFi, DAOs, and software-based organizations as regulators look beyond MiCA’s current scope. The proposal would create clearer legal treatment for decentralized protocols that may not fit traditional company structures. If adopted, it could make Malta one of the first EU jurisdictions to build dedicated rules for on-chain governance and DeFi operations.

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Ireland is moving to set clearer standards for assessing crypto-related risks, according to reports. The planned guidance is expected to help authorities and firms evaluate exposure to digital assets more consistently as the EU’s MiCA framework reshapes crypto regulation. The development could affect exchanges, service providers, and companies handling crypto transactions or customer assets in Ireland.

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Texas is moving to better control the power impact of large data centers and crypto mining sites as electricity demand strains the state grid. Regulators are working on rules to ensure major users do not shift infrastructure costs onto ordinary ratepayers, while ERCOT also has authority to cut power to certain large users during emergencies. The decision could reshape how miners plan expansion in one of the largest U.S. mining hubs.

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The Federal Reserve proposed KYC requirements for payment stablecoin issuers under the GENIUS Act. This aims to boost AML compliance and align crypto with traditional finance standards. It could drive institutional adoption but increase costs and affect privacy for users.

Sri Lanka is taking steps towards regulating virtual assets through a joint awareness initiative. The move aims to educate the public on the risks and benefits of virtual assets. The initiative is a collaborative effort between government agencies and industry stakeholders.

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The International Monetary Fund (IMF) has expressed concerns over Nigeria’s growing stablecoin market, citing potential risks to monetary rules. The IMF warns that the boom is testing the country’s regulatory framework. Stablecoin transactions have surged in Nigeria, with some estimates suggesting over $1 billion in transactions.

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Mexico’s fintech industry is calling for a second-generation legal framework to update the rules governing digital finance. The proposal reflects concerns that existing regulation has not kept pace with new business models, technology, and investor demand. A revised framework could improve regulatory certainty for fintech operators while shaping how Mexico approaches crypto-linked services and digital payments.

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