Crypto Assets

Spain

2026-09-29 03:18:48

Spain says crypto held in self-custody wallets does not require foreign asset reporting

Spain has confirmed that crypto assets kept in self-custody wallets do not need to be declared as foreign assets, according to ChainCatcher. The clarification draws a line between holdings controlled directly by users and assets placed with overseas custodians. The report adds that crypto held with foreign custody institutions may still be subject to reporting if the value of those holdings exceeds 50,000 euros. It also says assets bought on overseas exchanges and fully sold within the same calendar year do not need to be reported. The update outlines three conditions covered in the notice: self-custodied crypto is exempt, overseas custodied holdings above the stated threshold may need filing, and same-year buy-and-sell activity on foreign exchanges is exempt from reporting.

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Union Square

2026-09-29 02:58:21

USV partner Michael Mignano launches Supertake, with crypto and prediction markets on the roadmap

Union Square Ventures general partner Michael Mignano has launched Supertake, a product that lets users express investment views in natural language and turns those inputs into portfolios connected to existing brokerage accounts. The system uses AI and trading agents to link accounts including Robinhood and Coinbase, then build and automatically rebalance portfolios based on the user’s stated thesis. Users can also interact with each AI-managed portfolio inside the app or over email, and choose between fully automated execution or a setup that requires manual approval before trades are placed. At the moment, Supertake is in closed beta and only supports U.S.-listed stocks. According to the rollout plan described in the announcement, the platform is expected to expand later to cover crypto assets, derivatives, and prediction markets. Foresight News noted that Mignano is also the founder of Supertake.

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Russia

2026-09-28 03:30:47

Russian finance ministry says more than 20 million people hold crypto worth 3.7 trillion rubles

Russia’s Deputy Finance Minister Ivan Chebeskov said at least 20 million Russians have invested in crypto products, with combined holdings of about 3.7 trillion rubles, or roughly $44 billion. He said those assets are mainly used for foreign trade settlements, mining, trading on offshore exchanges, and savings. At the same time, Russia is moving ahead with a regulatory framework that would allow both qualified and non-qualified investors to hold and trade crypto assets on domestically regulated exchanges. The country is still keeping a ban on using crypto for everyday payments, while also advancing the digital ruble as a payment instrument under direct state oversight. The remarks outline Russia’s current two-track approach: opening space for regulated investment and trading, while limiting crypto’s role in routine payments and promoting a state-controlled digital alternative.

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Russia

2026-09-28 03:30:27

Russian deputy finance minister says 20 million residents hold nearly $44 billion in crypto

Russia’s Deputy Finance Minister Ivan Chebeskov said at least 20 million Russians have invested in crypto products, with total holdings reaching about 3.7 trillion rubles, or roughly $44 billion. He said the assets are mainly used for foreign trade settlements, mining, trading on offshore exchanges, and savings. At the same time, Russia is moving ahead with a regulatory framework that would allow both qualified and non-qualified investors to hold and trade crypto assets on regulated domestic exchanges. The country still bans the use of crypto for everyday payments, while continuing to promote the digital ruble as a payment instrument directly supervised by the state. The report was cited by Bitcoin.com News.

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Japan police

2026-09-27 09:24:56

Japanese police arrest two suspects over fake-police crypto scam worth ¥81 million

Japanese police have arrested two suspects in connection with a scam in which fraudsters allegedly posed as police officers and stole about ¥81 million, or roughly $515,000, in crypto assets from a woman in her 40s. According to Techub News, the suspects were identified as 31-year-old Okayama Saki and 38-year-old Minamisawa Mitsuki. Investigators suspect the pair were involved in a scheme that falsely claimed the victim’s bank card had been tied to a money-laundering case. The fraud group allegedly claimed to be from the Osaka Prefectural Police and told the victim that her card was linked to a case involving ¥600 billion in losses and around 400 accounts. They then demanded that she "prove her innocence," which led to the transfer of the crypto assets. Police said the group’s base is suspected to be in Cambodia. Authorities have confirmed total losses of about ¥240 million across related cases, and said the person directing the operation is believed to be a Chinese national. The report cited Wu Blockchain as the source.

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SEC

2026-09-26 03:52:06

SEC staff FAQ lays out how it views crypto assets, investment contracts, and functional networks

The U.S. Securities and Exchange Commission’s Division of Corporation Finance has published a new FAQ on how federal securities laws may apply to certain crypto assets and related transactions. The document is not a formal SEC rule or statement and does not carry legal force, but it offers a clearer picture of how the agency is thinking about the line between a non-security crypto asset and an investment contract. The FAQ addresses nine issues that have been central to the industry’s long-running debate with regulators. They include how to think about “functional” and “decentralized” networks, how staking receipt tokens and redeemable wrapped tokens may be classified, when marketing statements could amount to promises of managerial efforts under the Howey framework, whether obligations assumed by a third party keep an asset tied to an investment contract, what kinds of post-launch maintenance and network-growth activity do not count as key managerial efforts, whether a new investment contract can arise in a system without a controlling actor, how token buybacks should be viewed, and when a secondary trading platform may be treated as a promoter. A central theme runs through the entire release: once a crypto system is functional and no single party can centrally control or materially influence its operation or success, ongoing security, maintenance, upgrades, and network-effect efforts may fall outside the kind of managerial activity that matters under Howey.

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Bank of Russi

2026-09-20 22:29:34

Bank of Russia proposes 1% capital cap for banks’ crypto-asset exposure

The Bank of Russia on Sept. 18 released a draft proposal that would formalize how banks and banking groups measure exposure to crypto assets through two ratios, N31 and N32. The framework would calculate exposure against a single credit institution’s own funds and a banking group’s consolidated capital, respectively, while setting a 1% capital ceiling for such exposure. The draft says the scope would include direct investments, derivatives linked to crypto-asset prices, and loans, bonds, and repo transactions whose settlement or value depends on crypto assets. It also sets out how client custody assets should be treated. Client assets held by digital custodians within a bank or banking group would be included if the institution bears losses on those assets. Assets for which the institution does not bear losses would not be included, though they would still carry a 50% risk weight. Positions on a bank’s own account, as well as client holdings for which the bank bears responsibility, would be assigned a 1250% risk weight. The draft is scheduled for formal release in the fourth quarter of 2026, would take effect 10 days after publication, and banks are expected to begin reporting N31 and N32 values from January 2027.

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Bank of Russi

2026-09-20 22:29:47

Bank of Russia proposes N31 and N32 ratios for banks’ crypto-asset exposure

The Bank of Russia released a draft proposal on Sept. 18 that would introduce two prudential ratios, N31 and N32, to measure crypto-related exposure in the banking sector. N31 would be calculated against the own funds of an individual credit institution, while N32 would be based on the consolidated capital of a banking group. The scope would cover direct investments, derivatives linked to crypto-asset prices, and loans, bonds, and repo transactions whose settlement or value depends on crypto assets. The draft also sets out how custody exposure would be treated. Client custodial assets would be included if a bank or a digital custodian within the group bears the loss. Assets for which the institution does not bear losses would not be included, but they would still carry a 50% risk weight. Positions held on a bank’s own account, as well as client positions for which the bank is liable, would be assigned a 1250% risk weight. The draft is scheduled for formal release in the fourth quarter of 2026, would take effect 10 days after publication, and banks are expected to begin reporting N31 and N32 figures from January 2027.

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