News linked to this event type.
According to Bits.media, Vlada Gracheva, an advisor to the Russian Federal Financial Monitoring Service, stated that customers opening accounts with digital custodians in Russia will be required to provide a tax identification number to ensure transparency in cryptocurrency transactions and prevent money laundering. Previously, providing a tax identification number was not mandatory when opening bank accounts. Additionally, the agency has been granted authority to monitor all cryptocurrency transactions; for any transaction exceeding 60,000 rubles, relevant institutions must report complete information about both parties, including names and actual addresses, to the regulator. Meanwhile, the Bank of Russia is researching a mechanism to link tax identification numbers with bank accounts, and the related "anti-fraud" platform is expected to officially launch in 2027.
Empowa, a Cardano ecosystem project, disclosed two interrelated unauthorized asset transfer incidents across its three project wallets. Between November 2025 and June 2026, approximately 143,710 ADA were transferred out of one project treasury wallet in 18 transactions. The corresponding Midnight airdrop for this wallet was also registered and claimed by an unknown party using the private key, with approximately 36,000 NIGHT already transferred away. From June 2026 to August 2026, a cumulative total of approximately 4.24 million EMP tokens were transferred out of the other two project wallets, with portions sold via platforms such as Minswap and VyFi. Empowa stated that the funds from both incidents ultimately flowed into the same intermediate wallet, indicating they are controlled by the same party, although the identity of the individuals operating these private keys cannot currently be confirmed. The team has hired a professional blockchain investigation firm and plans to seek KYC information from the centralized exchange where the related funds ultimately entered.
According to a public letter issued by Forward Industries (NASDAQ: $FWDI), General Counsel Georgia Quinn formally responded to SEC Commissioner Hester Peirce's July 22, 2026, statement "Headstands and Summervaults," proposing a three-tier vault regulatory framework centered on the core variable of "manager discretion": • Type I - Use: Developers provide only off-the-shelf software, with users configuring parameters independently, requiring no registration; • Type II - Follow: Drawing on the SEC's 2013 AngelList no-action letter, Angels set strategies for others to follow, subject to conditions such as co-investment and disclosure, and do not need to register as investment advisers; • Type III - Advised: Involves active management, requires registration or an applicable exemption, and recommends joint oversight by the SEC and CFTC to avoid dual compliance conflicts. The article also outlines five baseline requirements applicable to all vaults, including conflict of interest disclosure, public code audits, exclusion of disqualified persons, application of anti-fraud rules, and state law preemption. The article specifically notes that Peirce's statement did not mention the CFTC, and cross-agency regulatory issues regarding mixed-asset vaults urgently require the SEC and CFTC
Odaily News: Reporter Eleanor Terrett stated that ahead of a key Senate vote, the new version of the Clarity Act text has been released. Senate Republicans have revised the DeFi and credit union-related provisions in the bill, but the White House remains silent on Trump-related conflict of interest and ethics issues.
Odaily reports: The Bank of Italy (Banca d'Italia) has issued a notice requiring payment service providers (PSPs) and crypto asset service providers (CASPs) to continuously review financial transactions using procedures related to the Travel Rule, with no minimum amount threshold.Relevant institutions must verify the names of the originator and beneficiary when establishing a customer relationship, when the EU Council makes a decision, and at the time of each transaction, and cross-check them against lists of sanctioned individuals and entities. Automated systems must not set a minimum amount threshold that limits transaction review, and transfer delays may be accepted when necessary to strengthen sanctions screening. (Bitcoin.com News)
Odaily News: Monument Bank has delayed its project to tokenize £250 million (approximately $330 million) in UK retail bank deposits by several months, as the bank was unable to find a local crypto custodian in the UK that meets Financial Conduct Authority (FCA) standards and can handle zero-knowledge privacy proofs. Monument Bank founder Mintoo Bhandari stated that the bank originally planned to tokenize customer deposits on the privacy-focused public blockchain Midnight, and expects it will take another two months, with a launch to retail customers in November. To meet regulatory requirements, the bank has expanded its search for custody partners overseas and has found an FCA-approved Canadian custodian.Midnight is a privacy-first Layer 1 blockchain project funded by Charles Hoskinson that uses zero-knowledge proofs to keep customer information within Monument's systems while allowing the bank to prove compliance on-chain and provide audit records to regulators. Monument Bank announced the project in March of this year, planning to offer tokenized private equity, structured products, and automated Lombard loans to "mass affluent" customers with investable assets between £50,000 and £5 million. Bhandari stated that customer deposits will continue to earn interest, be fully backed by Monument, redeemable 1:1 for pounds, and protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person or per company.
US Senate Republicans released the latest version of the Clarity Act (Digital Assets Market Clarity Act), adjusting compliance requirements for DeFi entities and credit union provisions. Due to a lack of consensus on ethical protocols, Democrats have expressed reservations, leaving the bill's path to passage uncertain.
European regulator ESMA has released its latest risk monitoring report, warning that the growing linkage between the crypto asset market and the traditional financial system could exacerbate systemic risks, with a particular focus on tokenized stocks and prediction markets.
Odaily reports: A Fox Business crypto reporter posted on X that U.S. Senate Republicans have released an updated text of the CLARITY Act following negotiations during the August recess. The ethics section appears unchanged, and the BRCA and stablecoin yield sections also remain the same. The updates include: requiring non-decentralized DeFi protocols to register with the U.S. Commodity Futures Trading Commission; limiting DeFi provisions to spot or cash digital commodity transactions, seemingly aimed at addressing tribes' concerns about blockchain-based prediction markets; and clarifying the authority of credit unions to conduct cryptocurrency business.
According to CoinDesk, the SEC's proposed new regulatory framework may address the legal and compliance pain points in the tokenized securities market during holding and trading by providing compliance exemptions or regulatory sandbox mechanisms.
the UK House of Lords on Wednesday passed an amendment by a vote of 194 in favor to 138 against, requiring the government to formulate a digital asset strategy, despite opposition to the measure from the ruling Labour Party.The amendment, proposed by Conservative peer Baroness Neville-Rolfe, requires the UK Treasury to formulate, publish, and seek consultation on the strategy within 12 months after the Financial Services and Markets Act takes effect.The strategy will cover crypto assets, stablecoins, and tokenized securities, and address issues including innovation, consumer protection, and enterprises' access to banking, payment, and settlement services. The related bill still needs to be submitted to the House of Commons, where lawmakers may accept, amend, or reject the Lords' amendments.The UK Cryptoasset Business Council expressed support for the vote result. Previously, Lord Stockwood, the UK Treasury's Minister for Investment, had stated that the government already has a digital asset strategy and is implementing it. (Cointelegraph)
The European Securities and Markets Authority (ESMA) released a report stating that platforms such as Polymarket and Kalshi lack the formal authorization required to sell contracts to users in the EU. Regulators have also questioned the effectiveness of these platforms in enforcing geo-restrictions and anti-VPN measures.
Odaily News: White House crypto advisor Patrick Witt stated that progress has been made on the various concerns raised by the Clarity Act. He said, "I feel pretty good about the progress." (Bitcoin Magazine)
Odaily News: The U.S. Senate announced that a Republican-led subcommittee has formally launched an investigation into OpenAI regarding its response to the July Hugging Face intrusion incident.It is reported that subcommittee chairman and Republican Senator Josh Hawley stated in a letter to OpenAI CEO Sam Altman on September 9 that OpenAI "redacted many important details" and continued testing after detecting anomalous AI behavior, calling the practice "reckless," and demanded that relevant responses and documents be submitted by October 1. In addition, Democratic Senator Richard Blumenthal also wrote to Sam Altman, requesting an explanation regarding reports that OpenAI's agents more broadly circumvented safeguards. The investigation stems from OpenAI's disclosure that its internally tested models bypassed isolation controls and intruded into some of Hugging Face's systems, after which Anthropic and Meta also reported similar AI agent intrusion incidents. (Reuters)
Odaily reports: Bitcoin News posted on X that the German Ministry of Finance, led by Klingbeil, has proposed a flat 25% capital gains tax on Bitcoin purchased after December 31, 2026, which rises to 26.375% when the solidarity surcharge is included; starting in 2028, trading platforms will withhold and remit the tax. If Bitcoin is transferred to another platform and the cost basis cannot be provided, the 25% tax rate may apply to the entire sale amount rather than just the profit portion. Bitcoin purchased before the deadline will still retain the tax exemption policy after being held for one year; currently, individuals in Germany are not required to pay taxes on Bitcoin sales after holding for 12 months.
Odaily News: Federal Reserve officials have signaled that they are prepared to raise interest rates if inflation does not improve soon. However, they may find that their primary policy tool is unlikely to have much suppressive effect against some of the factors currently driving prices higher. According to futures contracts, investors currently estimate the probability of a Fed rate hike at the September 15-16 meeting at approximately 60%.Stephanie Roth, chief economist at Wolfe Research, said, "The key factors pushing inflation above trend levels are the Iran war, tariffs, and chip shortages. Even if the Fed raises rates once or twice, it is unlikely to fundamentally change this backdrop."
Citadel Securities has submitted comments to U.S. regulators, urging the Securities and Exchange Commission (SEC) to oversee event contracts tied to U.S. publicly traded companies. The market maker argued that trading platforms should not evade the SEC's regulatory jurisdiction by obtaining self-certification from the Commodity Futures Trading Commission (CFTC). The battle over regulatory authority for event contracts continues to intensify. While some U.S. prediction markets are currently offering such contracts under the CFTC framework, the regulatory dividing line between the SEC and CFTC is becoming a key focus for the market as event contracts increasingly encompass financial assets like equities.
QCP released a thematic macro report stating that the yen's recent rapid appreciation was primarily driven by BOJ policy normalization, carry trade unwinds, and US dollar weakness. The sharp decline in Japan's foreign exchange reserves may be linked to intervention arrangements, and markets should remain alert to further intervention risks. On the inflation front, the spring uptick in PCE was mainly driven by energy prices. Although the energy contribution has receded, core PCE remains at 3.3%, indicating that inflationary pressures have not yet fully subsided.
Odaily reports: Cryptocurrency exchange Gemini has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), enabling it to provide digital payment token and cross-border transfer services.The license supports Gemini in offering spot trading, custody, and over-the-counter (OTC) services to both retail and institutional clients. Gemini has been serving customers in Singapore since 2020.Gemini co-founder and President Cameron Winklevoss stated that obtaining the license reflects the company's commitment to the Singapore market. Co-founder and CEO Tyler Winklevoss said Singapore will serve as the company's regional strategic hub. (Bitcoin.com News)
According to CNBC, Coinbase CEO Brian Armstrong stated that the Clarity Act, aimed at clarifying the regulatory jurisdictions of the SEC and CFTC over digital assets, has garnered support from multiple senators and is expected to be voted on by the Senate on September 15. He also noted that even if the bill fails to pass, both the SEC and CFTC have indicated they will proceed with rulemaking, and regulatory clarity "will arrive regardless." On the business front, Coinbase is actively advancing its diversification strategy, expanding its trading operations into stocks, commodities, and foreign exchange, with non-trading revenue encompassing stablecoins and institutional custody services. The company reported second-quarter revenue of $1.2 billion, down year-over-year, and a net loss of $359.5 million, remaining below market expectations for three consecutive quarters. Year-to-date, Coinbase stock has declined by approximately 23%.