Crypto Regulation News

The UK is adjusting its crypto regulatory framework to prevent stablecoin payment firms from being caught unnecessarily by dealing and arranging requirements. HM Treasury said the changes are intended to support tokenised payments while maintaining the broader FCA-supervised crypto regime. Firms should still assess whether their activities will require FSMA authorisation when the new framework begins on 25 October 2027.

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Argentina has committed to implement the OECD’s Crypto-Asset Reporting Framework and begin automatically exchanging information on crypto transactions by September 2029. The move will give Argentine tax authorities more visibility into crypto activity conducted abroad and is aimed at reducing tax evasion and avoidance linked to offshore digital assets. Argentina becomes part of a growing global CARF network spanning 77 jurisdictions.

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The EU’s Cyber Resilience Act reporting requirements take effect from September 11, requiring manufacturers of products with digital elements to report actively exploited vulnerabilities and severe security incidents. Companies must submit an early warning within 24 hours and a full notification within 72 hours. Reports will be filed through ENISA’s new Single Reporting Platform and shared with relevant national cyber authorities.

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The UK is expanding passkey access for GOV.UK One Login as part of its push to make digital public services simpler and safer. Passkeys use device-based security such as Face ID, fingerprint, or PIN, while biometric data stays on the user’s device and is not stored by GOV.UK One Login. The feature remains optional, so users can continue signing in with passwords if preferred.

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Canada’s OSFI said tokenized deposits are legally the same as traditional bank deposits, clarifying that the technology used to represent a deposit does not change its legal status. The statement gives banks a clearer path to explore blockchain-based deposit products while remaining under existing federal banking laws. The guidance could support tokenized payment and settlement experiments within Canada’s regulated banking system.

Russia will reportedly require clients to provide a taxpayer identification number before opening accounts with crypto depositories. The measure is part of the country’s new regulated crypto framework and is aimed at strengthening AML controls, customer identification, and transaction oversight. The rule adds another layer of compliance as Russia formalizes exchanges, depositories, and digital currency account providers.

The Digital Asset Market Clarity Act draft seeks to create a formal U.S. framework for digital assets by defining SEC and CFTC roles across securities, digital commodities, exchanges, brokers, custodians, and DeFi-related activity. The bill also includes customer asset protections in bankruptcy, law enforcement grants, software developer safeguards, and ethics rules for certain digital asset transactions.

Germany’s long-standing tax-free rule for crypto gains may face a major deadline under a draft Finance Ministry proposal. Reports say Bitcoin and other crypto assets bought by December 31, 2026 would keep the current one-year holding exemption, while later purchases could fall under a new 25% flat tax. The proposal is not yet final, but it could reshape Germany’s appeal for long-term crypto investors.

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Gemini has secured full MPI approval in Singapore after receiving in-principle approval from MAS nearly two years ago. The licence allows Gemini to operate under Singapore’s Payment Services Act for digital payment token services and cross-border money transfers. The approval adds to Singapore’s role as a regulated crypto hub and gives Gemini a stronger base for serving users across the region.

India’s Financial Intelligence Unit has reportedly issued notices to 15 offshore crypto platforms, including WEEX, BloFin, and WOO X, for allegedly operating without proper registration. The move extends India’s compliance push against foreign exchanges serving local users without meeting anti-money-laundering requirements. The action could raise pressure on platforms to register or risk access restrictions.

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