The CNBC app, global market news in one place. Customizable sections and personalized alerts, stocks tracking, interactive charts and market insights, all in your hands. Stay connected, stay informed.Download the CNBC app today. >> Welcome to Sportbox Europe. I'm Karen show with Juliana Tatlebomb.These are your headlines in corporate news. Nevada says it's well on track to achieve its guidance for the year as Q3 operating income surges by a quarter, countering the impact of generic drug erosion in the Unite ...

Core Insights - The Financial Stability Board (FSB) warns that fragmented global regulations in the $4 trillion digital asset market are being exploited by crypto firms, posing threats to financial stability [1][2] Regulatory Gaps - A review by the FSB across nearly 40 jurisdictions identified significant gaps and inconsistencies in crypto regulations that could jeopardize financial stability and hinder the development of a resilient digital asset ecosystem [2] - Regulatory arbitrage is prevalent, with crypto providers and stablecoin issuers seeking out jurisdictions with the most lenient regulations to establish operations before expanding globally [3] Cross-Border Oversight - The report highlights that cross-border oversight remains fragmented and insufficient, with existing enforcement tools rarely extending to broader supervisory objectives or financial stability monitoring [3] - The European Banking Authority also noted that crypto firms are engaging in "forum shopping" to enter the EU market with weaker anti-money laundering controls [3] Risks of Fragmented Regulations - John Schindler, the FSB's secretary-general, expressed concerns that differing regulations could exacerbate financial shocks, as linkages between crypto-assets and the traditional financial system are increasing [4] - Major global banks are significantly increasing their exposure to crypto-assets, raising concerns about potential market disruptions during periods of stress [4] Market Dynamics - The FSB report indicates that stablecoin issuers now hold reserves comparable to those of foreign governments or large money-market funds, which could lead to market disruption if rapid liquidations occur [5] - Kevin Lee from Gate emphasized that patchy regulations could lead to leverage and liquidity migrating to venues with minimal oversight, turning local shocks into cross-border risks [5] Financial Institutions' Exposure - More financial institutions are integrating stablecoins into their payment and settlement services, increasing their exposure to the crypto ecosystem despite widening regulatory divides between the U.S. and Europe [6]

The European Banking Authority (EBA) has warned that crypto firms may exploit regulatory gaps during the Markets in Crypto-Assets (MiCA) regulation’s transitional phase, posing a “significant threat” to the EU’s financial system. In its recent supervisory report, the EBA said certain crypto service providers authorized before MiCA’s full implementation in December 2025 could engage in “jurisdiction shopping.” This involves registering in EU member states with weaker oversight and using passporting rights ...

This is the epitome of regulatory arbitrage.Crime is legal, crypto is going so much higher. https://t.co/3hYHRZ2jfTzoomer (@zoomerfied):[ ZOOMER ]SEC TO CREATE NEW RULES TO ALLOW CRYPTO COMPANIES TO LAUNCH PRODUCTS IN THE US WITHOUT HAVING TO COMPLY WITH PREVIOUS REGULATORY REQUIREMENTS, CALLING IT AN "INNOVATION EXEMPTION": BBG ...