Regulation
EU regulators issue first MiCA penalties against two exchanges
The fines, both under €5 million, target disclosure failures rather than custody breaches — a deliberately narrow opening move, lawyers say.
By Devin Okoro · · 6 min read
Section
Regulation
Regulation
Stablecoin bill clears committee with a reserve rule the industry fought
The reported text requires daily reserve reporting and bars yield pass-through, setting up a floor fight over the compliance timeline.
By Devin Okoro · · 7 min read
Regulation
Japan's FSA sets out how banks may issue deposit tokens
The guidance treats tokenised deposits as deposits — a narrow, deliberate answer that leaves non-bank issuers where they were.
By Keiko Tanaka · · 5 min read
Regulation
Appeals court narrows agency jurisdiction over secondary token sales
The ruling is fact-specific and binding in one circuit only — but every defence team will now cite it.
By Lena Fischer · · 6 min read
Regulation
Travel rule compliance still breaks at the borders between regimes
Supervisors in three jurisdictions report the same failure mode: transfers that satisfy local rules but arrive without usable originator data.
By Lena Fischer · · 5 min read