Crypto Regulation
Analysis of global cryptocurrency regulation frameworks, compliance requirements, and their impact on institutional adoption. From MiCA in Europe to the GENIUS Act in the US.
EU MiCA Regulation
The Markets in Crypto-Assets (MiCA) regulation is the EU's comprehensive framework for digital assets.
EU Enforcement Heatmap
Interactive map showing regulatory enforcement activity across all 27 EU member states
Client Asset Protection: What the Regulations Actually Require (And What They Don't Say)
The collapse of FTX vaporised $8.7 billion in customer deposits because client assets were never actually protected. MiCA and UK CASS now establish detailed requirements for segregation, reconciliation, consent, and governance. For compliance teams, the work isn't reading the regulations. It's reading them as risk documents: identifying where definitions have expanded, where operational models trigger obligations they weren't designed for, and where the gap between stated compliance and actual protection might surprise you in insolvency.
MiCA's Passport Problem: Europe's Crypto Single Market Is Fracturing Before It Begins
MiCA promised one license for 27 countries. Reality: Italy imposes up to 4-year prison terms for unlicensed crypto activity while Malta fast-tracks approvals. Poland requires local directors for substantial business. The EU's unified crypto framework faces implementation friction - though passporting works, national enforcement varies significantly.
Do Kwon's 15-Year Sentence: What Algorithmic Stablecoin Fraud Means for Counterparty Risk
On 11 December 2025, Do Kwon received 15 years in federal prison for orchestrating the $40 billion Terra/UST collapse. This landmark verdict establishes that algorithmic stablecoin design failures combined with deliberate misrepresentation constitute federal crimes. For compliance officers, treasury managers, and wealth advisors, this fundamentally changes the due diligence calculus for stablecoin counterparty risk.
This Week's Global Regulatory Movements
Weekly regulatory intelligence covering Japan, China, South Korea, Southeast Asia, Singapore, UAE, Saudi Arabia, Brazil, and the European Union. Implementation phases, political deadlines, and cross-border compliance themes.
UK Property (Digital Assets) Act 2025 Guide
The United Kingdom has taken a decisive step that other jurisdictions have hesitated over for nearly a decade. With a deliberately modest Act of two sections, the UK has confirmed that digital assets such as Bitcoin, stablecoins, and NFTs can attract personal property rights. This very short Act has much more in it than you would think at first glance.
Crypto Weekly Roundup: November 22 - 28, 2025
Weekly intelligence brief on institutional digital asset developments
The New Stablecoin Map: A Quiet Redesign of Money
Stablecoins stopped being a crypto curiosity. They now sit underneath a growing amount of global liquidity and payments infrastructure. The surface still looks dollar-dominated. Underneath, the system is splitting into regional versions of 'digital money' - each shaped by its own politics, economics, and social taste. This isn't collapse and it isn't revolution. It's divergence.
Is JPYC MiCA Compliant?
JPYC delivers 12-second settlement and near-zero fees for Japan-ASEAN trade, saving ¥20-80 billion annually on unnecessary FX friction. Yet Stellantis, Ford, and every major multinational are legally barred from using it - MiCA blocks EU entities, GENIUS Act blocks Americans, and banking relationships punish defectors. The only winners: mid-sized Japanese exporters and ASEAN grey-zone operators navigating jurisdictional arbitrage.
US GENIUS Act
The GENIUS Act establishes the first comprehensive US stablecoin framework, creating pathways for compliant issuance.
Do Kwon's 15-Year Sentence: What Algorithmic Stablecoin Fraud Means for Counterparty Risk
On 11 December 2025, Do Kwon received 15 years in federal prison for orchestrating the $40 billion Terra/UST collapse. This landmark verdict establishes that algorithmic stablecoin design failures combined with deliberate misrepresentation constitute federal crimes. For compliance officers, treasury managers, and wealth advisors, this fundamentally changes the due diligence calculus for stablecoin counterparty risk.
The New Stablecoin Map: A Quiet Redesign of Money
Stablecoins stopped being a crypto curiosity. They now sit underneath a growing amount of global liquidity and payments infrastructure. The surface still looks dollar-dominated. Underneath, the system is splitting into regional versions of 'digital money' - each shaped by its own politics, economics, and social taste. This isn't collapse and it isn't revolution. It's divergence.
Off-Bank FX Settlement Regulatory Guide
As of November 2025, global regulators have converged on frameworks for off-bank FX settlement infrastructure—including stablecoin-based settlement, blockchain FX engines, and non-bank institutional platforms. The FSB's October 2025 review reveals persistent gaps, while the US GENIUS Act, Singapore's BLOOM initiative, and UK's systemic stablecoin regime create structured pathways. Here's the comprehensive regulatory landscape and compliance requirements for off-bank FX settlement providers.
GENIUS Act Stablecoin Landscape Analysis
Three months after the GENIUS Act became law, the stablecoin landscape is being reshaped. Circle aims for federal licensing, Tether pivots to U.S.-compliant USAT, and DAI sits outside the perimeter. Here's how major stablecoins are positioning for regulatory compliance—and who's likely to survive the cut.
Is JPYC MiCA Compliant?
JPYC delivers 12-second settlement and near-zero fees for Japan-ASEAN trade, saving ¥20-80 billion annually on unnecessary FX friction. Yet Stellantis, Ford, and every major multinational are legally barred from using it - MiCA blocks EU entities, GENIUS Act blocks Americans, and banking relationships punish defectors. The only winners: mid-sized Japanese exporters and ASEAN grey-zone operators navigating jurisdictional arbitrage.
GENIUS Act Stablecoin Non-US Entity Impact
Three months after the GENIUS Act became law, the stablecoin reshuffle is underway. Circle and Paxos are executing compliance strategies. Tether launched USAT for U.S. markets. DAI remains in regulatory limbo. Here's the breakdown of who's in, who's out, and what it means for institutions navigating the $300B+ stablecoin market.
Crypto Is Moving Mainstream - But Not in a Good Way!
The GENIUS Act just handed Wall Street the keys to crypto's future. Only banks and chartered entities can issue stablecoins in the U.S. now—backed 1:1 with Treasuries, generating risk-free profits while funding U.S. debt. China's watching. CBDCs are programmable chains. AI compliance has no human override. This isn't the revolution crypto promised—it's institutional capture dressed as innovation.
UK Digital Assets Regulation
The UK's evolving framework for digital assets, including property rights and custody regulation.
MiCA's Passport Problem: Europe's Crypto Single Market Is Fracturing Before It Begins
MiCA promised one license for 27 countries. Reality: Italy imposes up to 4-year prison terms for unlicensed crypto activity while Malta fast-tracks approvals. Poland requires local directors for substantial business. The EU's unified crypto framework faces implementation friction - though passporting works, national enforcement varies significantly.
UK Property (Digital Assets) Act 2025 Guide
The United Kingdom has taken a decisive step that other jurisdictions have hesitated over for nearly a decade. With a deliberately modest Act of two sections, the UK has confirmed that digital assets such as Bitcoin, stablecoins, and NFTs can attract personal property rights. This very short Act has much more in it than you would think at first glance.
Global Regulatory Developments
Crypto Weekly Roundup: December 27, 2025 - January 2, 2026
Weekly intelligence brief on institutional digital asset developments
Global Regulatory Tracker Q1 2026
A comprehensive tracker of digital asset regulatory developments across major jurisdictions, including compliance windows and implementation timelines for Q1 2026.
Weekly AI Intelligence Brief: Week 52-2025
AI developments for financial services regulation and compliance
Crypto Weekly Roundup: December 13-19, 2025
Weekly intelligence brief on institutional digital asset developments
This Week's Global Regulatory Movements - W51-2025
VASP licensing frameworks, CBDC rollouts, regulatory consolidation patterns, and compliance deadlines across Africa, Latin America, ASEAN, South Asia, and the GCC.
Crypto Weekly Roundup: December 6-12, 2025
Weekly intelligence brief on institutional digital asset developments
Crypto Weekly Roundup: November 29 - December 5, 2025
Weekly intelligence brief on institutional digital asset developments
FX Settlement Regulation: Global Comparison
A comprehensive comparison of regulatory frameworks governing off-bank FX settlement and stablecoin payments across major jurisdictions including the United States (GENIUS Act), European Union (MiCA), United Kingdom, Singapore, and global standards from FSB and FATF.
Crypto Weekly Roundup: November 15 - 21, 2025
Weekly intelligence brief on institutional digital asset developments
Crypto Weekly Roundup: November 8 - 14, 2025
Weekly intelligence brief on institutional digital asset developments
Stablecoins vs CBDCs vs Tokenized Deposits
A comprehensive comparison of stablecoins, CBDCs, and tokenized deposits - examining regulatory frameworks, risk profiles, and institutional use cases for cross-border payments, settlement, and liquidity management.
Crypto Weekly Roundup: November 1 - 7, 2025
Weekly intelligence brief on institutional digital asset developments
Programmable Custody: Who Really Owns What?
On October 29, 2025, Paxos accidentally created $300 trillion in PYUSD tokens - then burned them twenty minutes later. You held your keys the entire time. But did you own your crypto? When smart contracts mediate ownership, custody becomes programmable. And whoever writes the code holds the real power.
Google-Coinbase AI Payments: Hidden Costs
Google and Coinbase launched a protocol that lets AI agents pay each other in stablecoins. Behind the shiny demos and corporate headlines sits a different story - not about innovation, but about control. Once AI can move money, whoever controls the rails controls the economy. And this time, it isn't the banks.
Why Are There So Many Cryptocurrencies?
Over 20,000 cryptocurrencies exist today. Most are dead. Many never lived. Here's why they keep showing up—and why the FBI just launched a fake token to catch the manipulators.
Why RWA Tokenization Isn't Mainstream? (Yet)
Tokenization hasn't failed, but it didn't skyrocket either, yet. The technology's ready. But the law, compliance, and liquidity systems haven't caught up. And yet, in some corners of the world, this shift is already happening, because the need and pain are what drive adoption.
The $40B Collapse That Changed Crypto Forever
How the collapse of Terra's UST reshaped the conversation around stablecoins, trust, and the future of digital currencies.