Global Regulatory Updates
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AUSTRAC Removes GetCoins After Crypto Scam Complaints Escalate
Australia's AUSTRAC has revoked GetCoins' registration following customer complaints and alleged scam activity, as part of a broader crackdown that saw 45 crypto and remittance providers lose their operating status in the past year
Australian Crypto Firms Face 10% Turnover Fines as Deadline Looms
Australian crypto companies must secure proper licensing by September 30 or risk fines up to 10% of annual turnover and potential criminal penalties, as ASIC ends its temporary regulatory relief for the sector
Thailand Targets Crypto Wallets With Sweeping New Transfer Rules
Thailand's SEC will require crypto platforms to collect and transmit sender and recipient details for all coin transfers starting February 2027, with stricter checks for transactions over 30,000 baht and mandatory five-year record retention
Dubai Court Orders TrueUSD Defendant to Reveal Legal Funding Sources
A Dubai court has set a September 7 deadline for Matthew William Brittain to disclose the origins of millions in legal payments tied to a $456 million TrueUSD reserve dispute, with potential sanctions if he fails to comply
21 Global Banks Target 2027 for Launch of Dollar Stablecoin
A consortium of 21 major banks, including Bank of America and Citi, plans to launch a U.S. dollar stablecoin for payments and settlements in 2027, aiming to challenge existing leaders and reshape the stablecoin market.
Japan FSA Pushes to End Tax Filings for Trust Stablecoins by 2027
Japan's top financial regulator wants to exempt trust-type stablecoins from annual tax filings, arguing that current rules block practical payment use and don't fit assets that generate no income for holders
Strategy Challenges MSCI Index Rule Targeting Digital Asset Treasuries
Strategy has formally objected to MSCI's proposed index screening, arguing it unfairly targets digital asset treasury firms and could reshape index eligibility for crypto-exposed companies. MSCI's consultation closes September 30, with a decision due in October
Russia's Regulated Crypto Market Opens With Key Gaps and Delays
Russia's new crypto law is now in effect, but investors and companies face years of regulatory uncertainty as critical infrastructure, licensing, and asset eligibility rules remain unfinished until at least 2027
MSCI Faces Regulatory Test Over Bitcoin Index Exclusion Plan
MSCI's proposal to exclude Bitcoin treasury companies from its indexes is under fire, as Strategy argues the move contradicts MSCI's own claims of neutrality and could damage its reputation with investors and regulators
Insurance Giants Face Scrutiny Over Private Credit and Liquidity Risks
Major U.S. life insurers are under federal investigation after disclosing over $20B in related-party private credit holdings, raising new concerns about liquidity and valuation risks as private equity ownership in the sector grows
KuCoin Expands Sanctions Screening to Indirect Crypto Transfers
KuCoin now blocks or reviews crypto transactions linked to 17 sanctioned platforms, including HTX, even if users never sent funds directly, raising new compliance and user risk concerns for U.S. and global customers
SEC Crypto Fundraising Proposal Faces Key Feedback Before October Deadline
Crypto startups have until October 20 to influence a U.S. SEC proposal that could set new $5 million and $75 million fundraising exemptions, with early comments highlighting unresolved questions around eligibility, disclosure, and investor protections
Nigeria's Crypto Platforms Face Local Capital and Registration Hurdles
Nigeria's SEC is weighing new rules that would require offshore crypto exchanges and stablecoin issuers to register locally, meet capital minimums, and comply with strict custody and reserve standards-potentially limiting access for Nigerian users
BitGo Korea Secures VASP License Before South Korea Tightens Rules
BitGo Korea received regulatory approval to offer crypto custody and transfer services to institutions just before South Korea imposed stricter requirements for virtual asset service providers
China Expands Digital Yuan Network With 8 More Regional Banks
The People's Bank of China has authorized eight additional regional banks to join its digital yuan network, aiming to improve access for small businesses and cross-border trade clients as operator participation rises to 30 institutions
Ripple CLO: Senate Vote Will Decide Fate of CLARITY Act
A pivotal Senate vote on September 15 will determine whether the Digital Asset Market Clarity Act advances, with Ripple's legal chief warning that failure could drive hundreds of thousands of crypto jobs and billions in economic activity offshore.
CLARITY Act Faces Steep Odds as Crypto Industry Watches Congress
The CLARITY Act's path to becoming law before the midterms looks increasingly unlikely, with industry leaders and prediction markets signaling low confidence as regulatory agencies consider acting independently.
SEC Unveils Crypto Asset Exemptions With $75M Fundraising Cap
The SEC has introduced a proposal allowing crypto startups to raise up to $75 million annually or $5 million over four years without full securities registration, aiming to balance innovation with investor protections
Monaco Tightens Crypto Rules Under FATF and MiCA Pressure
Monaco is overhauling its crypto regulations to align with EU MiCA standards and address FATF grey-listing, narrowing permitted services and raising compliance hurdles for providers seeking access to European-linked financial markets
Bits of Gold Data Breach Halts Bitcoin Purchases on Yellow App
A data breach at Bits of Gold, Israel's largest regulated crypto broker, has led to a temporary suspension of Bitcoin purchases on Paz's Yellow app, with personal data of up to 250,000 users potentially exposed but customer funds reportedly unaffected
Bybit Sets Liquidation Deadline for Unverified Brazilian Business Accounts
Bybit will begin restricting and forcibly liquidating certain Brazilian business crypto accounts that fail to meet new verification requirements, with forced liquidations and fiat conversions scheduled to start September 21
Monaco's Crypto License Overhaul Could Reshape Exchange Access
Monaco is moving to a stricter crypto licensing regime that would require exchanges and other digital asset firms to secure prior approval and meet tougher compliance standards before operating in the principality
Russia Proposes $58K Annual Cap for Retail Crypto Purchases
Russia's central bank plans to restrict retail crypto trading to Bitcoin, Ethereum, and USDT, capping annual purchases at ₽300,000 per broker, while qualified investors could access broader markets without limits
SEC and CFTC Push Crypto Rules Without Congressional Approval
U.S. regulators are preparing new crypto rules that could reshape the industry, but without Congressional action, these measures may lack long-term durability and leave key market questions unresolved
Australia Tightens Crypto ATM Rules Amid Scam and Fraud Concerns
Australia's crypto ATM sector faces strict AUSTRAC oversight, including cash limits, enhanced customer checks, and mandatory scam warnings, as regulators respond to rising financial crime risks and rapid growth in machine installations.
Crypto Tax Havens vs. Low-Tax Countries: What Investors Overlook
Zero crypto tax rates attract attention, but hidden costs, residency rules, and reporting requirements can outweigh headline savings. Investors must compare total tax burden, legal certainty, and banking access before choosing a jurisdiction
South Korea Drops Crypto Transfer Threshold, Expands AML Rules
South Korea will require all crypto transfers between registered platforms to include sender and recipient data, removing the previous $700 minimum and introducing stricter anti-money laundering controls for foreign exchanges and personal wallets.
Russia Proposes BTC, ETH, USDT Trading With Retail Crypto Limits
Russia's central bank has outlined draft rules to allow Bitcoin, Ethereum, and Tether trading on regulated exchanges, but will restrict annual crypto purchases for non-qualified investors to 300,000 rubles per intermediary
Brazil to Impose 24-Hour Hold on Large Crypto Transfers in 2027
Brazil's central bank will require crypto exchanges to delay transfers over $10,000 to foreign platforms or self-custody wallets for up to 24 hours starting January 2027, aiming to curb financial fraud and improve oversight
Bitget Pursues Crypto License in Bhutan's $100B GMC Economic Zone
Bitget has signed an agreement with Bhutan's Gelephu Mindfulness City Authority to explore a regulated crypto exchange license in the GMC economic zone, which is backed by the country's national Bitcoin reserves and operates under its own regulatory framework
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