Crypto Regulation News

South Africa’s tax authority has released a new draft guide on crypto taxation, signaling closer oversight of digital asset income, trading, and reporting obligations. The update is expected to clarify how crypto gains, losses, mining, staking, and business activity may be treated for tax purposes. For investors and exchanges, the draft guide could raise compliance expectations as crypto becomes more formally integrated into tax enforcement.

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The U.S. Securities and Exchange Commission (SEC) has opened a 60-day comment period to overhaul rules for cryptocurrency exchange-traded funds (ETFs) and novel funds. The move aims to provide clarity on regulatory requirements for these investment products. The comment period will close on September 12.

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Australia’s crypto Travel Rule takes effect on July 1, bringing tighter checks for digital asset transfers. The rule is expected to require crypto service providers to collect and share key sender and receiver information, aligning the sector more closely with anti-money laundering standards used in traditional finance. The change may raise compliance costs for exchanges while improving transaction oversight.

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The CLARITY Act may face a difficult path in the Senate even as lawmakers prepare to take up the crypto market structure bill in July. TD Cowen said Republicans may need confidence that Trump will sign the bill before taking politically difficult votes, while Democrats could push amendments on ethics and crypto ownership. The report adds caution to industry hopes for quick passage.

The UK Financial Conduct Authority finalized its crypto regulatory framework, requiring crypto firms to obtain FCA authorization before the regime takes effect on Oct. 25, 2027. The rules introduce mandatory licensing, capital standards, and stronger market abuse safeguards.

The Bank of Thailand is preparing rules for a Thai Baht stablecoin, with formal regulations expected between 2026 and early 2027. The framework is designed to improve payment and settlement efficiency rather than support speculative trading. Officials are also exploring links to carbon credit markets and green finance, signaling Thailand’s cautious but active move toward regulated digital money.

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Binance’s European operations face pressure as the MiCA transition period ends and crypto firms need authorization from an EU member state to keep serving users across the bloc. Reports said Binance customers in several countries received withdrawal guidance, though the exchange said it is not requiring withdrawals by July 1. The setback could benefit licensed rivals such as Coinbase, OKX, Bitpanda, and Crypto.com.

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Hyperliquid has been placed on Singapore MAS’s Investor Alert List, which flags entities that may be wrongly perceived as licensed or regulated by the authority. Hyperliquid said nothing about the network has changed and emphasized that users retain self-custody and settle transactions transparently onchain. The development highlights the tension between permissionless DeFi infrastructure and national regulatory frameworks.

The CLARITY Act is entering a critical window as lawmakers try to resolve remaining disputes before the August recess. Eleanor Terrett reported that political pressure is rising after fallout from the Housing bill, while Kristin Smith said negotiators from Congress, the White House, and the crypto industry are still meeting regularly. The timeline puts fresh focus on whether U.S. crypto market structure rules can advance next month.

Four law enforcement organizations warned that Section 604 of the CLARITY Act could create gaps in oversight and accountability for certain crypto participants. In a letter to administration officials, the groups said the provision may weaken investigations into illicit activity and exempt some market actors from KYC and AML reporting standards. The pushback adds another obstacle as lawmakers try to bring the crypto bill to the Senate floor.