Regulation - Gimme Crypto

FSB Warns of ‘Cascading Failures’ Due to Crypto Regulatory Arbitrage

In brief The Financial Stability Board’s review of nearly 40 jurisdictions found “significant gaps and inconsistencies” in crypto regulations that threaten financial stability. A separate European Banking Authority report revealed crypto firms engaging in regulatory “forum shopping” across EU member states. Cross-border cooperation remains “fragmented, inconsistent, and insufficient,” with authorities struggling to share information due…

October 16, 2025

Uncategorized

The end of denial: The IMF finally admits what crypto knew all along

By Arjun Sethi, Kraken co-CEO When the head of the International Monetary Fund says fiat is going digital and urges countries to accept reality, that is not a policy tweak. It is the moment the establishment admits that the world has already changed. For years, global institutions treated crypto as a novelty or a risk.…

October 16, 2025

Uncategorized

Reviving transatlantic leadership for the next era of digital assets

By Perry Scott, Kraken Sr. Manager Policy & Government Relations There was the creation of the Eurobond market in the 1960s, which London and New York together transformed into a foundation for global capital flows. Then the post-financial crisis reforms of the G20 era, where U.S. and U.K. leadership drove international standards on clearing, risk…

October 15, 2025

Business

Coinbase to Invest in India’s CoinDCX, Expand in South Asia and the Middle East

In brief Coinbase is making a fresh investment in CoinDCX, building on prior investments through Coinbase Ventures, with the deal subject to regulatory approvals. The deal comes months after CoinDCX weathered a $44.2 million hack in July, which the exchange absorbed from its treasury reserves while dismissing acquisition rumors at the time. Industry experts view…

October 14, 2025

Law and Order

Stablecoin Issuers Race for US Bank Charters as Stripe’s Bridge Joins the Queue

In brief Bridge, Stripe’s stablecoin arm, has applied to the OCC to form a national trust bank under the GENIUS Act. The charter would place its stablecoin issuance and reserves under a unified federal framework. Bridge joins Circle, Paxos, Ripple, and Coinbase in seeking federal trust bank approval. Bridge, the stablecoin infrastructure arm of Stripe,…

October 14, 2025

Law and Order

Kenya Passes Bill to Regulate Crypto as Regional Momentum Grows

In brief Kenyan parliament enacted the Virtual Asset Services Providers Bill, which seeks to establish regulatory bodies and crypto frameworks in the country. The bill identifies Kenya’s Central Bank and the Capital Markets Authority as regulatory bodies that will oversee brokers, investment advisors, and others. Sub-Saharan Africa ranked third in Chainalysis’ geographic crypto adoption report,…

October 14, 2025

Law and Order

‘I Am Your Champion’: Nigel Farage Makes Case for UK Crypto Reform

In brief Nigel Farage called Monday for the British financial watchdog to better regulate crypto. Farage in May said that he would establish a Bitcoin reserve—like Trump did in the U.S.—if elected prime minister. The Brexit mastermind has long spoken about the benefits of using digital assets. Reform UK leader Nigel Farage said Monday that…

October 13, 2025

Artificial Intelligence

California Enacts First US Rules for AI ‘Companion’ Chatbots

In brief SB 243 makes California the first state to regulate AI “companion” chatbots that simulate friendship or romance. The law mandates identity disclosures, bans sexual or self-harm topics with minors, and sets suicide-response protocols. Safety groups say the final bill was “watered down” after lobbying, calling it “an empty gesture rather than meaningful policy.”…

October 13, 2025

Law and Order

Is a Presidential Pardon in the Works for Binance Founder CZ?

In brief Fox Business’s Charles Gasparino reported internal White House talks about pardoning Changpeng “CZ” Zhao. Binance founder CZ, who resigned as CEO in 2023 and served prison time, remains its largest shareholder. A pardon could reopen U.S. markets to Binance and signal an even friendlier crypto policy under Trump. Is the Trump administration seriously…

October 11, 2025

Business

Singapore Delays Update to Crypto Rules for Banks Until 2027

In brief The Monetary Authority of Singapore has deferred new crypto prudential standards to the start of 2027. MAS delayed the rollout from January 1, 2026 due to crypto industry concerns raised in a consultation on the changes. Respondents warned that the proposed risk classifications could unfairly penalize assets built on permissionless blockchains, potentially stifling…

October 10, 2025