🚨JUST IN: SEC CHAIR PAUL ATKINS UNVEILS PLAN FOR A “TOKEN TAXONOMY” TO MODERNIZE CRYPTO REGULATION ...

Nordea, the largest bank in the Nordic region, will start offering Bitcoin-linked synthetic ETPs developed by CoinShares to its customers from December 2025, reflecting growing crypto regulation maturity and demand in Europe. The bank will provide execution-only services without investment advice. https://t.co/zctHUvVrcy ...

A version of this story appeared in The Guidance newsletter on October 27. Sign up here. Hey all, Liam here. For a company named after keeping treasure safe, Fortress is doing a pretty poor job of it. That’s according to Nevada regulators, who issued a cease-and-desist letter to the crypto trust company on October 22. The state revealed that Fortress maintained roughly $12 million in customer deposits, both in crypto and cash. In reality, however, the company had only $1.2 million on hand. In other wor ...

The same rigor applies to BitMEX’s Insurance Fund. During the crash, the fund absorbed about $2 million in losses while maintaining full solvency. As the company noted in its report, the fund “is never staked, lent, or rehypothecated.” Lutz described it as a rules-based mechanism that functions automatically, removing human discretion and protecting user funds even during periods of market stress.Lutz added that collateral on BitMEX must be held directly on the platform, not in external accounts or wrapped ...

Group 1: Asian Crypto Landscape - The Asian crypto landscape is experiencing rapid growth, with countries competing in crypto adoption metrics and institutional investments increasing [1] - Coinbase announced a strategic investment in Indian crypto exchange CoinDCX to expand its presence in the region [1][2] Group 2: CoinDCX Investment Details - The investment has raised CoinDCX's valuation to approximately $2.45 billion, as confirmed by its CEO, Sumit Gupta [2] - CoinDCX has over 20.4 million users, an annual transaction volume of $165 billion, and about $1.2 billion in assets under custody [3] - The exchange generates roughly $141 million in annual revenues, positioning it as one of the largest crypto exchanges in India [3] Group 3: Regulatory Developments in Japan - Japan's Financial Services Agency (FSA) is expanding its regulatory framework to include insider trading in the crypto sector [4] - Revisions to The Financial Instruments and Exchange Act (FIEA) will empower the Securities and Exchange Surveillance Commission (SESC) to investigate and prosecute crypto-related insider trading [5] - This regulatory shift aims to enhance transparency and boost investor confidence, with amendments expected to be submitted in the 2026 parliamentary session [6]

Around the world, stablecoins are coming under a fairly consistent and convergent regulatory regime. They must be backed by real, high-quality assets, are subject to regular audits, and issuers are prohibited from paying interest upon stablecoin balances. The prohibition on interest payments appears in the GENIUS Act in the U.S., Markets in Crypto-Assets regulation (MiCA) in the European Union as well as similar legislation in Hong Kong and Singapore. Making the prohibition on interest payments stick may ...

Core Viewpoint - The SEC acknowledges a significant delay in crypto regulation, stating it is "10 Years Behind" and prioritizing the development of a robust regulatory framework to foster innovation in the industry [1][4]. Group 1: Regulatory Approach - The SEC is committed to fast-tracking crypto regulation and has shifted its focus to support innovation within the digital asset space [2][3]. - An "innovation exemption" will be introduced to allow experimentation with new ideas in the crypto sector [2][3]. - The SEC has broad authority to grant exemptions under its statutes, enabling a more accommodating approach to new ideas in the crypto industry [3]. Group 2: Importance of Tokenization - Tokenization is highlighted as a crucial aspect of blockchain technology, offering significant potential benefits for the financial industry [4]. - The transparency of blockchain technology is emphasized as a powerful tool for addressing compliance issues [4]. Group 3: Legal Framework - The SEC's comments have brought renewed focus on how existing securities laws, particularly the Securities Act of 1933 and the Securities Exchange Act of 1934, apply to digital assets [5]. - Under the 1933 Act, assets classified as "securities" must be registered with the SEC unless an exemption is applicable [5]. - The 1934 Act extends regulatory oversight to secondary markets, including broker-dealers and exchanges [5].

Core Insights - Banxa Holdings Inc. has secured regulatory approval for the Markets in Crypto Assets (MiCA) license in the Netherlands, enabling it to operate as a regulated crypto asset service provider across the European Union, thereby expanding its global regulatory footprint [1][4][3] Regulatory Developments - The Netherlands has implemented a grandfathering regime allowing eligible crypto-asset service providers to continue operations temporarily without immediate MiCA authorization, with Banxa's subsidiary, EU Internet Ventures B.V., already registered with De Nederlandsche Bank since 2020 [2] - Banxa holds Money Transmitter Licences in 37 U.S. states, along with existing licenses in the UK, Canada, and Australia, reinforcing its commitment to compliant digital asset infrastructure [3] Business Growth and Transactions - The MiCA approval is seen as a significant step in Banxa's global compliance journey, particularly in the European market, which is crucial for digital asset innovation [4] - Banxa is progressing towards completing a plan of arrangement with OSL Group Limited, where the Purchaser will acquire all issued common shares of the Company for cash consideration of C$1.55 per Share [4][5] - As of now, Banxa has received change of control approval for money-transmitter licenses in 26 out of 37 U.S. states, with remaining approvals expected by October 31, 2025 [5] Future Steps - The hearing for the final order to approve the arrangement by the Supreme Court of British Columbia is anticipated to be scheduled soon after the Extraordinary General Meeting of the Purchaser's shareholders on October 22, 2025 [6]

Regulatory Leadership - Hong Kong SFC CEO Julia Leung is set to serve another three-year term [1] - Since 2023, she has tightened oversight [1] - She has expanded crypto regulation to support Hong Kong's role as a trading hub [1] Market Activity - Hong Kong SFC CEO Julia Leung has boosted IPO activity [1]

Coinbase (COIN) said on Friday it has applied for a national trust charter with the U.S. Office of the Comptroller of the Currency (OCC), a move that would put the firm under federal regulatory oversight if approved. The charter would allow Coinbase to build on its existing custody business by offering services such as payments and settlement, without seeking a charter as a full-service bank. "Coinbase has no intention of becoming a bank," Greg Tusar, vice president of institutional product at Coinbase ...