Intelligence
Rules, guidance, sandboxes and central-bank work on tokenised finance, grouped by region.
Ripple received final OCC approval to establish a national trust bank covering reserves for its $2.5 billion RLUSD stablecoin.
Ripple National Trust Bank has received final OCC approval for crypto custody.
Canada has opened a 60-day consultation on proposed stablecoin rules requiring full reserve backing and prompt redemption.
The US Office of the Comptroller of the Currency urged community banks to issue payment stablecoins.
Canada has opened a public consultation on a proposed stablecoin framework covering tokens issued by non-financial institutions.
Canada’s government has opened a 60-day public consultation on proposed stablecoin rules.
Ripple has received final OCC approval to establish a national trust bank, bringing RLUSD reserve management and custody under federal supervision.
Canada has opened a 60-day consultation on draft stablecoin rules, with submissions closing Dec.
The Office of the Comptroller of the Currency encouraged community banks to consider building payment stablecoin capabilities.
The OCC is encouraging US community banks to issue stablecoins ahead of a January 2027 deadline.
Canada’s Department of Finance has proposed stablecoin rules that permit usage rewards but prohibit issuers from paying yield through third parties.
The U.S.
Canada has opened a consultation on stablecoin rules while retaining a ban on yield.
Canada has opened a consultation on draft stablecoin regulations that retain a ban on yields.
The OCC is encouraging community banks to issue stablecoins.
The headline points to ESMA tightening restrictions on unlicensed stablecoins and raises the question of whether Tether is seeking access to the EU market.
Qivalis has secured approval to issue a euro stablecoin.
The UK Financial Conduct Authority is considering tailored rules and fund exemptions for tokenised gold.
Hong Kong has approved secondary trading of tokenised funds for the first time.
Hong Kong’s Securities and Futures Commission approved secondary trading of tokenised public funds on a licensed virtual asset trading platform, describing it as a world first.
Ripple has secured final OCC approval for a national trust bank to manage RLUSD reserves and provide fiduciary custody for digital assets.
Hong Kong’s Securities and Futures Commission has approved secondary trading of tokenised public funds for the first time.
The Treasury issued an interim final rule on September 30, 2026, establishing the Stablecoin Certification Review Committee and procedures for state-level stablecoin oversight.
Latvia is targeting tokenisation rules in the first half of 2027, with commercial property a key focus, according to Economics Minister Viktors Valainis.
Circle CEO Jeremy Allaire says Democrats will not reverse the GENIUS Act, pointing to bipartisan support for stablecoin regulation.
The Office of the Comptroller of the Currency advanced its stablecoin licensing framework on October 23, 2026, by submitting information collection requests to the Office of Management and Budget.
The OCC has softened its approach to enforcing restrictions on stablecoin yield, according to the report.
The SEC's examination division has identified tokenization as a high-risk focus for clearing-agency examinations in fiscal 2027.
Wells Fargo and five other companies reportedly objected to tokenized stock listings proposed by the OKX-ICE joint venture.
The SEC’s Division of Examinations identified tokenization risks as a focus area alongside advanced technologies, including AI superintelligence.
The Democratic ranking member of the US Senate Permanent Subcommittee on Investigations requested records from Paolo Ardoino concerning a reported transaction between Tether and Nxum.
Wells Fargo, Arm and Intuit are among issuers objecting to tokenized versions of their shares trading on the OKX-ICE venue.
The SEC has identified tokenization as an emerging market risk in its 2027 examination priorities.
The SEC has included tokenization in its 2027 examination priorities, explicitly targeting clearing agencies and entities subject to Regulation SCI.
South Korea plans to bring stablecoin payments under foreign-exchange law.
South Korea reportedly plans to amend its foreign exchange law to bring stablecoins under regulation as payment instruments.
The Office of the Comptroller of the Currency is seeking public comment on a proposed information collection covering reporting forms and instructions for permitted payment stablecoin issuers under its jurisdiction.
The Office of the Comptroller of the Currency is issuing regulations to implement the Guiding and Establishing National Innovation for U.S.
South Korea is moving to classify stablecoins as payment instruments under its foreign exchange law.
South Korea’s Digital Asset Basic Act is nearing completion, according to Financial Services Commission chairman Lee Eog-weon.
The article examines USDC rewards in light of the GENIUS Act, which Congress passed in July 2025 and which prohibits stablecoin issuers from paying interest to holders.
The Money20/20 USA wrap-up highlights a federal stablecoin rule that emerged on the event’s final morning.
The OCC has finalized GENIUS Act rules while leaving a loophole concerning stablecoin rewards.
South Korea’s crypto legislation is reportedly nearing completion amid intensifying debate over taxation.
The GENIUS Act’s new rules are creating different regulatory paths for Circle and Tether.
The OCC has issued a final rule implementing the GENIUS Act.
The OCC has finalized a stablecoin rule under the GENIUS Act, according to the headline.
The OCC has finalized a stablecoin rule under the GENIUS Act, with implementation scheduled for January 2027.
The headline highlights a stablecoin regulatory update concerning an OCC two-day redemption rule.
Boerse Stuttgart Group has obtained a DLT Trading and Settlement System license.
The US Treasury has finalized stablecoin rules under the GENIUS Act.
The American Bankers Association criticized the OCC's GENIUS rules governing stablecoins, citing potential risks to local lending and financial stability.
The American Bankers Association and other banking advocacy groups are challenging the OCC’s finalized rules implementing the GENIUS stablecoin law.
The OCC issued a final rule establishing a stablecoin framework that prohibits issuers from paying yield directly to customers.
The Office of the Comptroller of the Currency finalized a federal framework for payment stablecoin issuance, establishing a new 12 CFR Part 15 alongside a companion bulletin.
The Office of the Comptroller of the Currency announced a final rule implementing the GENIUS Act, the U.S.
The American Bankers Association accused the OCC of undermining Congress through its final rule on stablecoin rewards.
The Bank Policy Institute and The Clearing House submitted formal responses on July 24, 2026, to the OCC’s June proposal for payment stablecoin requirements.
The OCC has finalized rules governing stablecoin reserves and redemptions.
The headline reports that the OCC has finalized stablecoin rules under the GENIUS Act.
The OCC has finalized stablecoin rules under the GENIUS Act, according to the headline.
The Office of the Comptroller of the Currency has finalized rules covering payment stablecoin issuance and certain custody activities under the GENIUS Act.
The OCC’s final stablecoin rule retains a two-business-day redemption window and requires issuers to request an extension rather than receive an automatic seven-day extension.
The OCC has finalized GENIUS Act stablecoin rules ahead of a January deadline, setting standards for issuer reserves, redemptions and risk management.
The OCC published a final stablecoin rule implementing the GENIUS Act, which was signed by Trump.
The U.S.
The article focuses on evolving regulation of tokenised money market funds.
The Blockchain Association is asking Treasury to narrow a GENIUS Act rule governing who can sell stablecoins.
Tether CEO Paolo Ardoino disputed a Senate probe, saying proactive freezes of USDT transactions drove a 94% decline in Iran-linked volumes.
Treasury’s proposed payment-stablecoin rule raises questions about when issuance occurs and which entity qualifies as the issuer.
Ramp has applied for a US national bank trust charter.
Ramp has applied for a US national trust bank charter.
The Blockchain Association submitted comments on Treasury’s proposed implementation of the GENIUS Act, which regulates payment stablecoin issuance and sales.
The headline reports that the UK’s Financial Conduct Authority has opened a call for input concerning tokenised gold.
The OneSafe headline reports that USDC has been designated a significant electronic money token, presenting this as a shift in stablecoin regulation.
The headline indicates that ESMA has opened the way for tokenised collateral in clearing houses.
French lawmakers narrowly backed an amendment that would tax conversions from crypto into euro- or dollar-denominated stablecoins starting in 2027.
France's National Assembly narrowly approved an amendment to the 2027 budget that would tax crypto-to-stablecoin swaps, voting 38–37 on October 16.
France has moved a budget vote that includes a stablecoin tax proposal to November 3.
France's parliament approved an amendment imposing a 31% capital gains tax on stablecoin trades.
Börse Stuttgart has secured an EU blockchain trading license, authorizing Seturion to trade and settle tokenized securities in Europe.
USDC has become the EU’s first stablecoin classified as significant under MiCA.
Revolut has obtained a DLT licence in Gibraltar to support its crypto expansion.
Revolut has secured a Gibraltar DLT Provider licence for its new crypto entity, Revolut Global Digital Assets Limited.
Ramp has applied to the Office of the Comptroller to establish Ramp National Trust Bank.
ASIC has opened a consultation on rules covering digital asset platforms and tokenised custody platforms.
Ramp is seeking an OCC trust bank charter to provide digital asset custody.
Global regulators warn that runs on stablecoins could transmit stress to the banking system.
The Financial Stability Board says oversight of stablecoins across borders remains underdeveloped.
The SEC has proposed a framework covering crypto asset custody for investment advisers and regulated funds, according to an A&O Shearman update.
Aconomy CEO Edward Langley discusses how Singapore’s proposed stablecoin rules could affect everyday crypto users.
The feed entry points to an overview of the FSB’s treatment of AI risks and stablecoin oversight.
An EU banking regulator has assumed key oversight responsibilities for Circle’s USDC stablecoin.
The Financial Stability Board Chair outlined the organisation’s work on artificial intelligence and stablecoins.
ESMA has issued a call for evidence concerning tokenisation of collateral at central counterparties.
The CMS.law item concerns the FSB’s examination of cross-border vulnerabilities associated with global stablecoin arrangements and their monitoring for financial stability.
ESMA has called for a wind-down of noncompliant stablecoins by January 8.
Luxembourg’s financial regulator, CSSF, has issued its first FAQ on fund tokenisation.
The FSB warns that stablecoin regulatory frameworks have yet to be tested in a crisis.
The Financial Stability Board warned about stablecoin risks and AI-related threats ahead of the G20.
Andrew Bailey identifies AI and stablecoins as key areas of focus for the Financial Stability Board.
ESMA is seeking evidence on tokenised collateral for central counterparties in the EU.
ESMA is examining whether tokenised collateral is safe for central counterparties.
ESMA has given EU crypto platforms three months to remove stablecoins that do not comply with MiCA, with USDT cited as an example.
ESMA published an opinion on supervisory expectations for services involving unauthorised stablecoins on 8 October 2026.
The EU securities regulator ESMA has given crypto platforms three months to remove stablecoins that do not comply with MiCA.
ESMA said EU crypto firms should stop services involving stablecoins that do not comply with MiCA.
ESMA has warned against offering unauthorised stablecoins.
ESMA has ordered a halt to services involving noncompliant stablecoins.
The headline reports that the SEC has established a conditional innovation exemption lasting five years for blockchain-based trading of tokenised stocks listed on U.S.
The Federal Reserve has proposed comprehensive rules governing payment stablecoin issuance under the GENIUS Act.
ESMA is calling for changes to the EU’s Markets in Crypto-Assets framework to improve clarity and safety and accommodate emerging services.
The feed references a CSSF FAQ concerning tokenisation, attributed to Ashurst Perkins Coie.
Stablecoin payments company Rain is seeking a national trust bank charter to reduce its reliance on third-party banks.
Modern Treasury has applied to the OCC for a national trust bank charter.
Rain is seeking a US trust bank charter to issue stablecoins through a proposed subsidiary.
AFME highlights EU DLT reforms and the importance of broader settlement options for financial markets.
Stablecoin payments infrastructure provider Rain has applied to the Office of the Comptroller of the Currency to establish Rain National Trust Bank.
The SEC is proposing custody rules under the Investment Company Act of 1940 addressing how regulated investment companies hold crypto assets.
The headline reports that the New York State Department of Financial Services has proposed stablecoin regulation.
The Federal Reserve has issued a notice proposing rules for payment stablecoin issuers under the GENIUS Act.
Rain is seeking a US federal trust bank charter, joining other crypto firms pursuing that regulatory status.
The report describes an SEC innovation exemption providing a conditional route for onchain trading of tokenised National Market System stocks.
Modern Treasury is seeking a US national trust bank charter to provide stablecoin custody and associated fiat services.
The JD Supra listing references tokenization alongside the OCC and money laundering.
South Korea’s financial regulator has proposed rules for tokenized securities ahead of a planned 2027 rollout.
Stablecoin oversight was the focus of a discussion involving NYDFS, according to the headline.
The US SEC proposed a crypto-specific custody framework on October 1 for investment advisers and regulated funds.
The SEC has proposed a crypto custody framework that would permit advisers and funds to use state trust companies as custodians.
Circle is urging the EU to revise MiCA’s stablecoin reserve requirements, replacing minimum bank-deposit holdings with more flexible liquidity standards.
The SEC proposed rules and amendments establishing a tailored crypto-asset custody framework for registered investment advisers and regulated funds.
ICMA has submitted a response to the European Commission's targeted consultation on the review of the Markets in Crypto-Assets Regulation (MiCAR).
ICMA provides a directory covering regulation related to distributed ledger technology.
SEC Chairman Paul S.
SEC Commissioner Hester M.
A campaign involving 50,000 letters is urging EU policymakers to relax restrictions on stablecoin rewards during the MiCA review.
The Monetary Authority of Singapore is consulting on proposed changes to the Payment Services Act 2019 concerning stablecoin regulation.
The UK government plans to give the Bank of England an additional objective to encourage innovation in payments and new types of digital money.
KPMG highlights a Treasury proposal concerning the issuance, offering and sale of payment stablecoins under the GENIUS Act.
The Chamber of Digital Commerce highlights renewed lobbying to revisit the Clarity Act’s bipartisan compromise on stablecoin rewards.
An Injective affiliate has received SEC transfer agent registration, allowing it to maintain securities ownership records.
The JD Supra listing links tokenization with Regulation S-K and proposed rules.
Franklin Templeton and JP Morgan Asset Management are calling for tokenized fund know-your-customer requirements to be aligned with those for stablecoins.
Schroders has received approval for a tokenised money market fund, according to Funds Europe.
The UK’s Financial Conduct Authority is reportedly preparing rules for tokenised gold.
Schroders has received approval in Ireland for a tokenised money market fund.
The headline argues that a yuan stablecoin is not forthcoming, citing Beijing’s previously stated position.
Schroders has received approval for its first tokenised money market fund share class.
Schroders has received approval for a tokenised fund share class.
Schroders has received approval from an Irish regulator in connection with its fund tokenisation initiative.
Forkast News reports that Circle’s NYDFS trust charter strengthens its regulatory position as a stablecoin issuer.
The headline reports that Circle has obtained a trust charter from the New York State Department of Financial Services, strengthening its regulatory position as a stablecoin issuer.
Circle has received a New York trust charter.
The New York State Department of Financial Services has filed a formal proposal to align its stablecoin oversight with the GENIUS Act.
UK Finance has responded to a joint call for input from the FCA and Bank of England on tokenisation and the future of UK wholesale markets.
HM Treasury is consulting on a payments framework covering stablecoins and Open Banking, according to a Lewis Silkin update.
The UK government is consulting on changes to the Bank of England’s fee framework for recognised payment systems and specified service providers.
The Transatlantic Taskforce for Markets of the Future sets out recommendations to strengthen UK-US cooperation on digital assets and capital markets.
The SIX/SDX listing concerns digital-asset regulation, with a focus on MiCA, stablecoins and compliance.
The report says Circle has received final OCC approval for a national trust bank charter.
US federal banking regulators and FinCEN have proposed customer identification and Bank Secrecy Act/sanctions compliance standards for payment stablecoin issuers.
AFME reports that the Financial Conduct Authority and the Bank of England are seeking input on the future of tokenisation.
The House of Lords Financial Services Regulation Committee has published a report examining the UK’s stablecoin proposals, according to a Freshfields update.
The KPMG item concerns adapting regulation to support tokenisation in European markets.
The listing links tokenisation and taxation with the Office of the Comptroller of the Currency.
A New York regulator has proposed a stablecoin rule intended to align with the federal GENIUS Act.
The Bank Policy Institute, TCH and CBA commented on an FDIC rule concerning stablecoins and tokenized deposits under the GENIUS Act.
The New York State Department of Financial Services and the European Banking Authority have agreed to exchange information on stablecoin supervision.
The EBA and New York have agreed to cooperate on stablecoin supervision.
The UK Parliament’s Financial Services Regulation Committee has published a report on stablecoin regulation.
Paxos has received approval to put U.S.
The KPMG feed item concerns final guidance on fund tokenisation.
UK Finance’s listing concerns an HMRC call for evidence on the taxation of stablecoins.
The FCA and Bank of England have outlined a joint vision for tokenisation in UK wholesale financial markets.
Herbert Smith Freehills Kramer highlights new FCA rules and guidance intended to accelerate fund tokenisation.
AFME is calling on the EU to increase the cap for its DLT initiative to EUR 50 billion.
AFME’s position paper calls for EU DLT reforms to modernise capital markets infrastructure.
SIX has received FINMA approval to integrate its digital central securities depository into SIX SIS AG and offer crypto custody through the consolidated entity.
The Bangkok Post headline indicates that new rules support tokenised funds.
The FCA has released guidance on fund tokenisation for asset managers.
The US Treasury Department has proposed a rule to implement the GENIUS Act’s requirements for stablecoin issuers’ anti-money laundering and sanctions compliance programs.
WilmerHale highlights IOSCO reports covering pre-hedging and the tokenisation of financial assets.
The FDIC and Treasury have unveiled proposed stablecoin rules intended to advance the GENIUS Act framework, according to a Freshfields update.
Hong Kong has granted licences to stablecoin issuers, marking a regulatory milestone for its stablecoin market.
The SEC’s Crypto Task Force roundtable focuses on asset tokenisation and the intersection of traditional and decentralised finance.
The FDIC has proposed a stablecoin rule to implement the GENIUS Act, according to a Jones Day update.
The SEC has approved Nasdaq’s proposal for trading tokenised securities, according to a Dechert update.
Paxos provides a guide to stablecoin regulation in the US and globally.
Commerzbank has obtained a cryptocurrency custody licence in Germany.
Freshfields reports on an OCC proposal to establish a regulatory framework for stablecoins.
UK Finance has responded to the Bank of England’s consultation on systemic sterling stablecoins.
The article examines new SEC guidance on tokenised securities and its implications for crypto and traditional finance.
The feed links to a KPMG item about proposed UK rules for stablecoin issuance.
Thailand’s SEC is preparing a framework covering crypto ETFs, futures and tokenised investments.
Dubai has banned privacy-token use on exchanges and tightened stablecoin rules as part of a broader crypto regulatory overhaul.
Dubai’s DIFC has updated its crypto rules, including stricter eligibility requirements for stablecoins.
The headline reports progress on tokenisation regulation through a DIFC sandbox.
DTCC has received no-action relief from the US Securities and Exchange Commission for a planned tokenisation service.
IOSCO warns that tokenisation introduces new risks across financial markets, according to ETF Stream.
The Monetary Authority of Singapore has published a guide addressing the tokenisation of capital markets products.
IOSCO has published a final report on financial asset tokenisation.
Reuters reports that a global securities watchdog has warned of new risks associated with tokenisation.
IOSCO has published a final report addressing the tokenisation of financial assets.
The Financial Stability Board and the International Organisation of Securities Commissions have published two reports reviewing implementation of recommendations for crypto-asset and stablecoin activities.
Brookings examines stablecoins in the context of the GENIUS Act.
The Financial Stability Board reports substantial shortcomings and uneven implementation of its recommendations for cryptoassets and stablecoins.
A UK regulator has backed tokenised funds as a way to attract younger investors.
The FCA has outlined a plan intended to position the UK as a global leader in tokenisation.
Arnold & Porter reports new cryptocurrency guidance from the SEC and New York DFS concerning custody and blockchain analytics.
BBVA discusses early lessons and remaining challenges as MiCA reaches a six-month milestone.
AFME and other trade associations are calling for changes to crypto standards while highlighting DLT’s role in financial markets.
The headline links gains in XRP, ETH and SOL to improved investor confidence following passage of the GENIUS bill.
The ERC-3643 Association reports that the ERC-3643 token standard was presented to the SEC Crypto Task Force.
Broadridge reports that a stablecoin bill has passed the U.S.
UK Finance compares stablecoin regulatory frameworks associated with the UK's Financial Conduct Authority and Singapore's Monetary Authority.
AllUnity, a joint venture involving Deutsche Bank’s DWS, has secured an EU stablecoin licence.
A DWS venture has received approval from Germany's financial regulator for a euro stablecoin, according to Reuters.
A regulator has halted Ethena’s USDe stablecoin offering in Germany, citing concerns.
Kroll’s Colleen Corwell discusses the future of stablecoin regulation in relation to the GENIUS Act.
USDC and EURC have become the first stablecoins recognized by the Dubai International Financial Centre (DIFC), according to Circle.
ICMA has submitted a response to the Bank of England and FCA’s joint consultation on a Digital Securities Sandbox.
ESMA has published a letter outlining challenges associated with the DLT pilot regime.
UK Finance has responded to a Bank of England discussion paper on regulating systemic payment systems that use stablecoins.
Commerzbank has been granted a crypto custody licence, marking a regulatory milestone for its digital-asset activities.
ICMA has responded to HM Treasury’s consultation on the UK’s first Financial Market Infrastructure Sandbox, the Digital Securities Sandbox.
The Monetary Authority of Singapore has finalised its stablecoin regulatory framework.
The Monetary Authority of Singapore has published its response to a consultation on proposed regulation of stablecoin activities.
The OECD listing concerns a Council recommendation on blockchain and other distributed ledger technologies.
The Monetary Authority of Singapore has proposed measures to limit consumer risks from cryptocurrency trading and strengthen standards for stablecoin-related activities.
The Monetary Authority of Singapore has published a consultation on its proposed approach to regulating stablecoin-related activities.
IOSCO addresses how the Principles for Financial Market Infrastructures apply to stablecoin arrangements.
A crypto lobby is urging U.S.
ICMA provides material on legislation and regulatory frameworks related to distributed ledger technology.
ICMA’s December 2019 brief addresses legislation and regulatory frameworks relating to distributed ledger technology in capital markets.
IOSCO has issued a statement concerning its study of emerging global stablecoin proposals.
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