Crypto Regulation News

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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Tennessee will ban virtual currency kiosks starting July 1, 2026, after Governor Bill Lee signed the measure into law on April 13. The law applies to operators, property owners who knowingly allow kiosks, and anyone who owns or manages terminals used for crypto exchange. The ban adds Tennessee to the growing list of states taking tougher action against crypto ATM-related scams.

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The CFTC has sued New Mexico in a bid to reaffirm federal authority over prediction markets, escalating the fight between Washington and state gambling regulators. The case centers on whether event contracts offered by federally regulated platforms should be overseen by the CFTC or restricted under state betting laws. The dispute could shape how crypto-linked prediction markets operate across the U.S.

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Indian tax authorities have issued about 44,000 notices to crypto traders over alleged non-disclosure of gains, after discrepancies were found between trading records and income tax filings. Officials also uncovered Rs 888.82 crore in undisclosed income during search and seizure operations. The move signals tighter enforcement as crypto reporting becomes a larger focus for India’s tax department.

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The SEC aims to remove a 20-year-old rule, allowing for blockchain-based trading. This change could simplify trading processes and increase adoption. A public comment period is expected to follow the proposal.

Zimbabwe is preparing new steps to regulate cryptocurrency activity, signaling a shift toward formal oversight of digital assets. The planned framework is expected to help authorities track crypto-related transactions, improve consumer safeguards, and reduce illicit finance risks. The development adds Zimbabwe to the list of African markets seeking clearer rules for the expanding crypto sector.

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A new U.S. House proposal seeks to form a federal task force dedicated to crypto-related theft and fraud cases. Backed by lawmakers from both parties, the bill aims to close gaps between federal, state, and local enforcement teams as digital asset scams grow more complex. The measure would give victims a clearer reporting path and investigators a more coordinated response structure.

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Delaware lawmakers have advanced House Bill 441. This bill would ban the installation, ownership, and operation of all crypto ATMs across the state. The bill, sponsored by Representative Cyndie Romer and Senator Spiros Mantzavinos, targets a class of machines that regulators say has become a tool for scammers.

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