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Regulation/Compliance

News linked to both this project and an event.

ASIC Proposes Extending CFD Investor Protections to Crypto Asset-Settled Derivatives

Odaily News: The Australian Securities and Investments Commission (ASIC) plans to expand its Contracts for Difference (CFD) rules to bring derivatives settled by digital asset transfers, and meeting other conditions, under regulatory oversight. The relevant products will be subject to leverage caps, mandatory close-out provisions, and negative balance protection, with the exception of certain crypto futures and options that have a fixed expiry date. ASIC is seeking feedback from industry participants and stakeholders on the proposed amendments, with a deadline of November 9.Australia's existing CFD regulatory framework was introduced in 2021, requiring service providers to close out positions when account funds fall below a specified level, with negative balance protection limiting client losses to the funds in their CFD accounts. In April, Australia passed legislation bringing crypto exchanges and tokenized custody platforms into its financial services licensing framework, with the new regime set to take effect on April 9, 2027. (Cointelegraph)

Kraken parent company Payward receives full market approval from Dubai's VARA, set to launch dirham trading

Odaily News: Cryptocurrency exchange Kraken's parent company Payward has received full market approval from the Dubai Virtual Assets Regulatory Authority (VARA), with its local entity Payward FZCO obtaining a virtual asset service provider license, allowing it to offer crypto asset services in the UAE. The approval builds on preliminary approval obtained in May 2026.Payward stated that Kraken's UAE clients will be able to use spot and margin trading pairs denominated in UAE dirhams within the coming weeks, with support for direct deposits and withdrawals. The services will be available to retail investors, professional investors, and institutional investors.VARA's public registry shows that Payward FZCO was approved on October 6 to provide asset management and investment services, as well as broker-dealer services. The number of licensed service providers currently registered with Dubai's VARA stands at 58, up from 49 in May 2026. (Cointelegraph)

FSB Warns of Cross-Border Stablecoin Regulation and AI Risks, Urges G20 to Strengthen Safeguards

According to Cointelegraph, the Financial Stability Board (FSB) warned in a document submitted to G20 finance ministers and central bank governors that cross-border regulation of stablecoins, crisis resolution mechanisms, and AI-related cybersecurity risks still require further improvement. FSB Chair Andrew Bailey stated that cross-border regulation and crisis management mechanisms for stablecoins are currently "still immature or not yet established."

FSB: Cross-Border Stablecoin Regulation and Crisis Management Mechanisms Still Immature, Warns of AI Cybersecurity Threats

Odaily News: The Financial Stability Board (FSB) has stated that cross-border stablecoin regulation and crisis management mechanisms remain immature or have yet to be established. FSB Chair Andrew Bailey noted that its 2025 review shows that only 11 out of the 28 jurisdictions surveyed have completed building stablecoin regulatory frameworks.The FSB warned that stablecoin runs could transmit to traditional financial markets through forced sales of reserve assets and bank deposit withdrawals. For multi-issuer stablecoins, redemption demands could concentrate on a single issuer, while reserve assets are distributed across different jurisdictions — a similar risk that European Central Bank (ECB) President Christine Lagarde had previously flagged.The FSB has finalized practices for the responsible adoption of AI in the financial sector, covering organizational governance, AI development and deployment, cybersecurity, and third-party service risks. Andrew Bailey stated that AI-driven sophisticated cyberattacks could undermine the resilience of critical financial institutions and market infrastructure. The FSB has submitted related correspondence to the G20 Finance Ministers and Central Bank Governors meeting. (Cointelegraph)

French MPs Support Crypto Wallet Declaration Proposal, Holdings Over €100,000 May Face Fines

Odaily News: The Finance Committee of the French National Assembly has passed amendment No. I-CF821, which would require holders of self-custodied crypto assets valued at or above €100,000 (approximately $112,000) to declare their holdings.The declared value is based on December 31 of each year, and those who fail to declare as required may face fines of up to €10,000. The proposal was put forward by Charles de Courson, Jean-Pierre Bataille, and Michel Castellani, aiming to combat tax evasion.The amendment still needs to be resubmitted and approved when the National Assembly reviews the revenue portion of the budget before it can be incorporated into French law. After the Finance Committee passed the relevant amendment, it rejected the revenue portion of the 2027 budget by a vote of 31 to 3, and lawmakers are expected to begin debate on Tuesday starting from the government's original draft. (Cointelegraph)

Kraken is investigating an issue affecting some users' margin data displays

Odaily report: Crypto trading platform Kraken is investigating an issue affecting some users on its App and web platforms, where affected users may see incorrect margin data. The specific scope of impact and progress on the fix have not yet been disclosed. (Cointelegraph)

ESMA seeks industry feedback to assess the liquidity of tokenized collateral during crises.

According to Cointelegraph, the European Securities and Markets Authority (ESMA) has published a consultation paper seeking industry feedback on the legal, liquidity, and operational risks of tokenized collateral, to assess whether clearinghouses can promptly access such assets and convert them into cash during periods of market stress. This review will help determine whether existing EU regulations are sufficient to ensure that clearinghouses can effectively dispose of tokenized collateral in the event of member defaults, and will also evaluate whether additional regulatory measures are needed.

ESMA Consults on Assessing Tokenized Collateral's Liquidity During Crises

The European Securities and Markets Authority (ESMA) has published a consultation paper seeking industry feedback on the legal, liquidity, and operational risks of tokenized collateral, in order to assess whether clearing institutions can obtain and liquidate such assets under market stress, and to determine whether new EU regulatory measures are needed.ESMA Chair Verena Ross stated that legal certainty, infrastructure interoperability, and appropriate regulation are needed to create the conditions for the safe cross-border operation and scaling of tokenized markets. Tokenized collateral is entering European clearing operations, enabling banks and investors to obtain securities more quickly to meet margin requirements.The assessment will also examine whether current EU rules can support clearing institutions in obtaining and liquidating tokenized collateral in the event of a member default. In July 2025, Eurex Clearing launched a collateral service based on distributed ledger technology, and JPMorgan completed its first real-time transaction for Dutch pension investor PGGM.ESMA will also assess tokenized forms of assets held by traditional financial infrastructure, assets natively issued on distributed ledgers, and their relationship with stablecoins, central bank money, and tokenized deposits. The European System of Central Banks launched Pontes in September 2025 to settle tokenized asset transactions in central bank money, and to connect blockchain infrastructure with existing settlement systems. (Cointelegraph)

France plans to tax stablecoin exchanges from 2027 onward and levy an exit tax on large cryptocurrency transfers abroad.

According to Cointelegraph, the Finance Committee of the French National Assembly approved amendments to the 2027 Finance Bill this week, proposing that as of January 1, 2027, the exchange of cryptocurrencies for fiat-pegged stablecoins would be classified as a taxable event, meaning investors could face capital gains tax even without converting the assets into fiat currency.

Thailand SEC to Allow Bitcoin and Ethereum ETFs to Trade on the Stock Exchange of Thailand

Odaily report: The Securities and Exchange Commission (SEC) of Thailand has completed the drafting of relevant rules to allow cryptocurrency exchange-traded funds (ETFs) to be listed and traded on the Stock Exchange of Thailand, initially limited to Bitcoin and Ethereum. The rules will take effect on October 16, 2026.Initially, products such as depositary receipts linked to overseas cryptocurrency ETFs will not be permitted, and Thai brokerages will still not be allowed to assist retail investors in investing in overseas cryptocurrency ETFs. Institutional investors and ultra-high-net-worth individuals are not subject to this restriction. Mutual funds and private funds may invest in cryptocurrency ETFs established in Thailand.The relevant ETFs must adopt a passive investment approach, tracking the prices of the underlying crypto assets, and must maintain an average net exposure to any single cryptocurrency of at least 80% of net asset value during each fiscal year. Brokerages may not provide margin financing, and fund assets must be custodied by digital asset custodians regulated by the SEC. (Cointelegraph)

IMF: Tokenized Assets Reach $65 Billion, but Liquidity and Regulation Remain Barriers to Adoption

Odaily News: The International Monetary Fund (IMF) stated that the tokenized financial market is growing rapidly, but legal uncertainty, insufficient interoperability, and the lack of a widely recognized settlement asset could still limit its further development.In its latest analysis, the IMF noted that as of July, the scale of tokenized real-world assets (RWA) was approximately $65 billion, still relatively small compared to the roughly $300 trillion in global capital market assets. Among these, tokenized credit products accounted for approximately $30.4 billion, money market funds approximately $17.5 billion, and tokenized equities approximately $2.3 billion.The IMF stated that tokenized equities are attracting investors by supporting 24/7 trading and fractional ownership, but their liquidity is significantly lower than traditional markets, with actual volatility approximately 1.5 times that of traditional stocks. As the tokenized market expands, increased market correlation and leverage could amplify liquidity risks, concentrated selling, and risk contagion.The IMF said tokenization could reshape financial markets, but future development will depend more on improved policy frameworks, market depth, trust mechanisms, and risk protection measures. Currently, since the market size remains relatively small, the systemic risks posed by tokenized assets are limited. (Cointelegraph)

MEPs Push to Include Crypto Assets in Anti-Corruption Agenda

Odaily reports: Members of the European Parliament are calling on the European Commission to include corruption risks related to crypto assets, opaque ownership structures, and digital tools in its upcoming anti-corruption strategy. The European Parliament passed a non-binding resolution on Thursday outlining policy priorities for the strategy.Lawmakers also called for strengthened tracking, freezing, confiscation, and recovery of criminal proceeds, as well as improved rules on public procurement, conflicts of interest, lobbying, and political financing, along with enhanced protections for whistleblowers and investigative journalists.The European Commission plans to adopt its first anti-corruption strategy by the end of 2026. The strategy will complement the EU Anti-Corruption Directive that took effect in May, which harmonized the definition of corruption offenses and minimum penalty standards across member states. (Cointelegraph)

ESMA requires crypto firms to wind down non-compliant stablecoin operations within 3 months.

According to Cointelegraph, the European Securities and Markets Authority (ESMA) has urged EU crypto companies to stop offering services involving stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA) framework, setting a three-month deadline to address existing risk exposures. ESMA stated that national regulators should require the relevant companies to resolve any remaining non-compliant stablecoin exposures by no later than January 8, 2027.

ESMA Requires EU Crypto Firms to Cease Offering MiCA-Noncompliant Stablecoin-Related Services Within Three Months

Odaily reports: The European Securities and Markets Authority (ESMA) has stated that EU crypto asset service providers authorized under MiCA should cease offering services involving stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA) to EU clients, and should address existing related exposures no later than January 8, 2027.The guidance covers trading platforms, exchange services, order execution, custody, transfers, investment advice, and portfolio management. ESMA requires firms to take technical, contractual, and organizational measures to prevent EU clients from gaining or increasing exposure to unauthorized stablecoins.Regulators may allow firms to provide limited services such as liquidation, conversion, withdrawals, transfers, and safekeeping to help clients exit existing positions, but such activities must be temporary arrangements and subject to strict supervision. This update extends the relevant guidance published by ESMA in January 2025. (Cointelegraph)

Crypto Industry's Heavy Backing of Republicans Alienates Democrats, Creating Obstacles for Legislative Progress

According to Cointelegraph, former New York Governor Andrew Cuomo stated during a conversation at Token2049 with OKX CEO Xu Xingming that the cryptocurrency industry's heavy tilt toward the Republican Party has alienated Democrats, and that passage of federal crypto legislation such as the CLARITY Act requires bipartisan support. Data indicates that crypto PACs contributed $54.3 million to Republicans and $26.2 million to Democrats during the 2026 election cycle, with an additional $23.2 million spent against Democratic candidates. Cuomo also rejected the notion that the Democratic Party is inherently opposed to cryptocurrency, noting that crypto aligns closely with Democratic values regarding financial inclusion, and urged the industry to adopt a more balanced approach to political donations.

Andrew Cuomo: Crypto Industry Leans Republican and Has Alienated Democrats, Needs Bipartisan Support to Advance CLARITY Act

Odaily reports: Former New York Governor Andrew Cuomo, speaking at a panel discussion at Token2049 alongside OKX CEO Star Xu, said the crypto industry has overwhelmingly supported the Republican Party and has alienated the Democratic support needed to advance the CLARITY Act.During the 2026 election cycle, crypto-focused political action committees have spent $54.3 million supporting Republicans, $26.2 million supporting Democrats, and another $23.2 million opposing Democrats.As of Thursday, Kalshi prediction markets show Democrats have about a 61% chance of winning both chambers of the U.S. Congress. Cuomo said a Democrat-controlled Congress could roll back regulators' crypto policies or work with the Trump administration to advance a full CLARITY Act.Cuomo said Democrats are not opposed to crypto technology, which can help people who previously lacked access to financial products obtain related services. In July 2025, 78 House Democrats joined 216 Republicans in voting to pass the CLARITY Act. (Cointelegraph)

Canton CEO Says Crypto Industry Should Cement Adoption by 2028 to Withstand US Policy Shifts

Canton CEO and Digital Asset co-founder and CEO Yuval Rooz said at Token2049 in Singapore that the crypto industry should leverage the current regulatory environment to accelerate institutional adoption and drive broader blockchain usage, reducing the likelihood of future governments reversing the industry's progress. He said that regardless of what happens in 2028, the industry should reach a point of "no return."Yuval Rooz compared the opportunity for blockchain adoption to Uber and Airbnb, noting that both services achieved widespread use before regulators took restrictive measures. The next US presidential election is scheduled for November 7, 2028, which could bring changes in government and regulatory priorities.In the same panel discussion, Binance co-CEO Richard Teng said he hopes the CLARITY Act ultimately becomes law, adding that legislation can prevent regulatory backtracking and drive institutions into the market. Franklin Templeton CEO Jenny Johnson said legislation would increase certainty, but the industry should not rely on the bill's passage; the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have already been advancing crypto regulation under existing authorities. (Cointelegraph)

Crypto media Cointelegraph is reportedly seeking a sale

Odaily News: According to people familiar with the matter, crypto media Cointelegraph is looking for potential buyers, and the specific sale price has not yet been disclosed. The report states that due to the prolonged downturn in the crypto market and a Google search penalty, Cointelegraph's website traffic has dropped sharply. In October 2025, Google imposed a manual penalty on it, causing organic search traffic to fall by about 80%. Similarweb data shows that the site's monthly visits have dropped from more than 12 million in December 2024 to slightly more than 700,000 in September 2026.Cointelegraph was founded in 2013 and currently has more than 200 employees. As of the time of publication, the company had not responded to a request for comment. (CoinDesk)

SEC and CFTC Crypto Regulation Accused of Falling Short of Clarity Bill Standards

According to Cointelegraph, House Financial Services Committee Chair French Hill noted that the regulatory measures for crypto assets currently implemented by the SEC and CFTC lack the long-term stability granted by congressional legislation, and overall fall short of the standards set by the Clarity Act.

U.S. House Financial Services Committee Chairman: SEC, CFTC Crypto Regulatory Actions Insufficient, Calls on Congress to Pass CLARITY Act

Odaily News: French Hill, Chairman of the U.S. House Financial Services Committee, stated that regulators' efforts to advance digital asset regulation lack the long-term stability that congressional legislation would provide. He hopes Congress will pass the CLARITY Act during the lame-duck session before the new Congress takes office in 2027.The U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) have previously proposed related rulemaking plans. French Hill stated that the regulatory actions of the two agencies following the U.S. Senate's failure to pass the CLARITY Act last month are still insufficient to serve as a substitute for a legislative solution.SEC Chairman Paul Atkins and CFTC Chairman Michael Selig have announced that they will proceed with cryptocurrency regulation in accordance with the directives of U.S. President Donald Trump. As of Wednesday, there were a total of 7 vacancies in the leadership of the two agencies; among them, Hester Peirce announced last week that she would resign as an SEC Commissioner, and the CFTC is currently led solely by Selig as Chairman and Commissioner. (Cointelegraph)