Crypto Regulation News

Raffles Family Office is expanding its digital-asset wealth management strategy as more of Asia’s young wealthy clients hold assets in Bitcoin, Ethereum and stablecoins. Its Revo unit already holds Hong Kong licenses for digital-asset portfolio management, while the firm is also expanding into Rwanda through a new capital-mobilization agreement. Fortune

Ethereum core developers have delayed the planned Glamsterdam activation on Hoodi while they investigate EIP-8037 interactions with existing mainnet smart contracts. The October 26 schedule, including the planned gas-limit increase to 200 million, has been removed. A replacement activation epoch and timestamp will be announced later.

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HSBC has launched RedCoin, its first stablecoin, in Hong Kong. The HKD-denominated token is licensed and regulated by the Hong Kong Monetary Authority and will initially be available through PayMe. More than 3.3 million users will be able to activate stablecoin wallets for peer-to-peer transfers and payments at over 100,000 merchants.

Bybit’s Dubai entity has secured a Virtual Asset Service Provider license from Dubai’s Virtual Assets Regulatory Authority for exchange services. The approval moves Bybit beyond its earlier in-principle status and allows the licensed entity to offer regulated spot crypto trading services in Dubai under VARA’s framework.

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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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