Crypto Regulation News

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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BingX has obtained an EU crypto license in Austria, allowing it to operate within the European Union’s regulatory framework. The company plans to expand its services to 29 additional countries. This move positions BingX to offer regulated crypto trading across a broader European market region.

The OCC says all nine of the largest national banks it reviewed maintained policies between 2020 and September 2025 that could restrict banking access based on political, religious or social views, or lawful business activity. The regulator said some policies also limited services to sectors including digital assets, firearms, tobacco, oil and gas, and detention facilities.

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Illinois has agreed to delay enforcement of its Digital Asset Tax Act until July 1, 2027 as crypto industry groups challenge the law in court. The Crypto Council for Innovation and Blockchain Association are seeking an expedited schedule, with summary judgment briefing proposed to finish by January 22 and a court decision requested by March 1.

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The European Banking Authority has classified USDC as the EU’s first significant e-money token under MiCA. From November 12, the EBA will directly supervise key areas including reserve assets, liquidity, own funds, and recovery and redemption plans. France’s ACPR will continue overseeing governance, qualifying holdings, outsourcing and conflicts of interest.

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The Brooklyn District Attorney’s office disrupted a cryptocurrency scam that targeted members of the Russian community. Authorities identified the scheme and halted its operations, and the case was announced by the Brooklyn District Attorney’s office. The case underscores ongoing efforts to protect vulnerable populations from digital fraud.

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Qivalis has been granted an Electronic Money Institution (EMI) license, allowing it to issue and manage stablecoins under regulatory oversight. The license enables Qivalis to operate within the framework of stablecoin regulation, ensuring compliance with European financial authorities. This development supports the broader adoption of regulated stablecoins in the crypto market.

South Korea’s financial regulator announced the blocking of 27 illegal cryptocurrency exchange websites. The action expands a broader crackdown on unlicensed crypto platforms, aiming to protect consumers and curb money‑laundering risks. The sites were identified as operating without proper licensing and facilitating illicit transactions.

Caroline Pham, a representative of the Bitcoin Foundation, stated that the Commodity Futures Trading Commission (CFTC) can regulate cryptocurrency markets without the need for new legislation as U.S. regulatory frameworks evolve. This suggests that existing laws may be sufficient to oversee crypto activities.