Japan’s FSA proposes shifting crypto regulation from the PSA to the FIEA to strengthen disclosures, regulate IEOs, and target unregistered platforms. The new framework would require exchanges to disclose issuer details and conduct independent code audits, while issuers must reveal their identities and token allocation. It also introduces a ban on insider trading. https://t.co/Sg8ZE44jHJ ...

Core Insights - The article discusses the recent regulatory changes in Europe that are facilitating retail access to crypto exchange-traded notes (ETNs), particularly highlighting CoinShares' strategic position in this evolving market [2][4]. Company Overview - CoinShares International Limited is a leading global asset manager specializing in digital assets, recently announcing a merger with Vine Hill Capital Investment Corp [2]. - The company has a significant presence in the European crypto ETP market, holding a 32% share of total regional assets under management (AUM) [3]. Market Developments - The European crypto ETN market is experiencing a growth phase, with record inflows of €2.5 billion year-to-date [4]. - The UK Financial Conduct Authority (FCA) has lifted its retail crypto ETN ban, allowing access to approximately 7 million UK crypto holders [7]. - France's Autorité des marchés financiers (AMF) has adapted its doctrine to permit retail marketing of crypto-indexed ETNs, enhancing market accessibility [7]. Strategic Positioning - CoinShares' physical platform has led the European crypto ETP market with over $1 billion in net inflows year-to-date [3]. - The company aims to leverage its distribution expertise through partnerships, such as with BoursoBank, to reach retail investors as markets open up [4]. Regional Insights - In France, nearly one in four adults now hold financial investments, indicating a growing retail investor base [4][8]. - Nordea, the largest bank in the Nordics, will begin offering CoinShares' Bitcoin ETP starting December 2025, marking a shift in institutional caution [7].

Core Insights - Ethereum is showing signs of recovery after a brief decline, currently stabilizing around the $3,000 to $3,100 price level, despite being down nearly 7% for the year [1] Group 1: Blockchain Upgrades - Ethereum has a strategic roadmap for blockchain upgrades, distinguishing it from other cryptocurrencies [2] - Significant upgrades include The Merge in 2022, Shapella in 2023, Dencun in 2024, and Pectra in May 2025 [3] - The upcoming Fusaka upgrade in December is expected to be the largest since The Merge, enhancing speed, efficiency, and cost-effectiveness, potentially leading to increased blockchain activity [4] Group 2: Regulatory Changes - The regulatory environment for cryptocurrencies is improving, with the Trump administration delivering a pro-crypto regime in 2025 [5] - Ethereum is now included in a digital asset stockpile created by the Treasury Department, alongside new regulations for stablecoins and upcoming comprehensive legislation for digital assets in the U.S. [6] - New regulatory changes, particularly regarding staking, could generate momentum for Ethereum investment products [7][8]

Italy has opened an “in-depth review” of retail investors’ crypto exposure as digital assets gain traction in mainstream markets and patchwork rules complicate oversight. The Macroprudential Policy Committee, made up of the Bank of Italy’s governor, insurance and pension regulators, and treasury officials, warned Thursday that risks could rise amid “growing interconnections with the financial system and regulatory fragmentation at the international level.” The Ministry of Economy and Finance initiated the ...

The US Securities and Exchange Commission has suddenly put brakes on high-leverage crypto ETFs by issuing warning letters to major ETF issuers. Proposed funds from issuers like Direxion, ProShares, Tidal Financial, Volatility Shares, and GraniteShares apparently exceeded volatility limits – by using derivatives to chase extreme leverage on crypto and single stocks such as Tesla or Nvidia. The applications for ETFs that promised 3x to 5x returns on assets like Bitcoin and Ethereum could be blocked? But wh ...

It’s been another consequential week in Washington and beyond, with U.S. regulators sending mixed but meaningful signs across crypto, AI, and financial policy. From the SEC greenlighting a Solana-based token to the prospect of a crypto-friendly Federal Reserve chair, the regulatory climate is shifting fast—particularly as policymakers grapple with emerging technologies that are outpacing existing frameworks. SEC Grants Fuse a Rare No-Action Letter The big headline came from the U.S. Securities and Exchan ...

🇺🇸 TODAY: Acting CFTC Chair Caroline D. Pham seeks CEO nominations for its Innovation Council to tackle crypto and prediction market regulation. https://t.co/vgFiUBauzz ...

South Korea to impose fines and sanctions on crypto exchanges. | Credit: Chung Sung-Jun/Getty Images. Key Takeaways South Korea’s financial watchdog is preparing a new round of sanctions on major crypto exchanges for KYC/AML violations. Bithumb, Coinone, Korbit, and GOPAX are expected to face penalties following months of on-site inspections. Regulators will issue sanctions in the order inspections were completed, with Dunamu (Upbit’s operator) already hit with heavy fines. South Korea’s crypto in ...

Cryptocurrency exchange Kraken’s choice to move ahead with a confidential IPO filing, just days after securing an $800 million raise, shows an exchange trying to capitalize on market momentum while U.S. regulators edge toward clearer crypto rules. The timing surprised some market watchers as the company's recent capital raise implied a strong private-market valuation and provided substantial runway. But the IPO move fits a broader trend playing out across crypto, according to seasoned securities attorney ...

RT Devconnect ARG - the first Ethereum World’s Fair (@EFDevcon)“In Argentina you have the fundamentals, the government, and the chambers uniting the people. I believe in Latin America, crypto is more meaningful.”- Mykolas Majauskas from @Bybit_Official on the 'Crypto Regulation' panel at @crecimientoar Regulation Day.Join the conversation — happening in the M1 Stage, Yellow Pavilion at La Rural. ...