crypto platforms

American Bank

2026-10-21 16:44:54

ABA says OCC’s final GENIUS Act rule leaves crypto platform status quo intact

The American Bankers Association has criticized the Office of the Comptroller of the Currency’s final rule under the GENIUS Act, saying it would leave the current state of crypto platforms unchanged. The reaction was relayed by Eleanor Terrett in a post on social media. According to the update, the OCC dropped a proposed restriction tied to stablecoin yield in the final rule, a move that drew objections from the banking group. ABA President and CEO Rob Nichols said it is the wrong approach to wait until deposit outflows and economic harm occur before trying to address the issue. The remarks frame the group’s concern around the rule’s practical effect and the timing of any response, rather than support for the final version.

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SlowMist

2026-10-21 05:46:01

SlowMist tells crypto platforms to get ready for critical PHP patches

SlowMist has urged crypto platforms to prepare for upcoming critical PHP patches, according to TheDefiant. PHP is scheduled to publish the fixes at 10 a.m. ET on Oct. 21. At the same time, the project is expected to release the affected versions and the related technical details. The available source material does not include specifics on the underlying vulnerability, the scope of exposure, or which crypto companies may be affected. The report is limited to the timing of the patch release and the warning for platforms to be ready. With no further details disclosed in the source, the key takeaway for operators is the release window itself and the expectation that version information and technical documentation will arrive alongside the patches.

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Australia

2026-10-15 16:01:17

Australia proposes bill requiring crypto transaction reporting

Australia has proposed legislation that would require crypto transaction reporting and introduce international tax information sharing, according to a post cited by crypto media outlet Watcher Guru. Under the bill, crypto platforms would need to report transactions involving Australian residents to tax authorities starting in July 2027. The measure, as described in the source, focuses on reporting obligations for crypto-related activity and cross-border tax data exchange. No additional details on the scope of covered entities or transaction thresholds were provided in the source text. The report was cited by ChainCatcher in a brief policy update.

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UK sanctions

2026-10-09 10:19:54

UK sanctions crypto-linked entities it says may have helped Russia evade restrictions

The UK Foreign Office has announced a new round of Russia-related sanctions, saying certain crypto platforms may have been used to help Moscow bypass existing restrictions, according to CoinDesk. The sanctioned parties include Xeltox Enterprises, which operates Cryptomus, Heleket and Certa Payments, as well as Kyrgyz exchange TokenSpot and payment platforms Processing KG and Tsunami Payments. UK authorities also said two of the sanctioned entities had previously processed transactions tied to the A7A5 network. The move places several crypto and payments businesses under the latest British sanctions framework tied to Russia.

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Thailand SEC

2026-09-13 07:34:55

Thailand SEC opens consultation on stablecoin rules for licensed crypto platforms

Thailand’s Securities and Exchange Commission has proposed a new draft framework for stablecoin activity on licensed crypto platforms, according to Cryptoslate. Under the proposal, customers would only be allowed to deposit or withdraw stablecoins to and from accounts or wallets that have been verified as their own. Transfers of stablecoins to third-party wallets would be barred under the draft. The proposal also sets a daily cap of 5 million Thai baht, or about $150,000, for both inbound and outbound transactions per person on each platform. The measure is not in force yet and remains in the public consultation stage. Feedback will be accepted until Sept. 25. The reported draft focuses on transaction controls for licensed operators and would apply at the platform level, with the daily limit calculated per user, per platform, for both inflows and outflows.

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Taiwan

2026-08-05 14:18:51

Taiwan to Enforce Crypto Travel Rule in October, Requiring Extra Sender Data for Transfers Above NT$30,000

According to a recent report from Techub News, which cited Cointelegraph, Taiwan's Financial Supervisory Commission (FSC) has announced a plan to implement the cryptocurrency travel rule beginning in October of this year. Under the plan, the rule will apply to all transfers between domestic platforms. For any transfer exceeding NT$30,000 (approximately $930), the sending party must provide additional information, including date of birth, residential address, and other required details. The FSC also plans to extend the framework by the end of 2027 to cover transfers between domestic platforms and foreign platforms. Taiwan first introduced a travel rule clause into its anti-money laundering regulations in 2021, but it was never enforced. The amended rule is set to officially take effect after a 30-day public consultation period. Global adoption of the travel rule has reached 83 percent, according to the same report, yet enforcement remains uneven. The new requirement will affect all domestic platforms in Taiwan once it goes live, and the scope will later expand to cross-border transfers involving foreign platforms.

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European Unio

2026-07-29 11:06:03

EU’s 21st Russia sanctions package adds 14 crypto platforms and 94 financial institutions

The European Union approved its 21st sanctions package against Russia on July 23, widening its crackdown from domestic Russian institutions to a broader network of banks, crypto service providers, payment channels, energy operators and defense-linked suppliers. According to Reuters, the latest round adds 218 individuals and entities, including 48 people and 170 organizations, making it one of the bloc’s largest single additions in the past four years. Financial measures sit at the center of the package. The EU placed 94 banks and major financial institutions under asset-freeze restrictions, while 33 Russian credit and financial institutions were hit with a transaction ban. Four non-Russian banks were also added to trading restrictions, including one Kyrgyz bank allegedly tied to Russia’s SPFS financial messaging system. Crypto was targeted more directly in this package. The EU imposed transaction bans on 14 crypto-asset service platforms across several jurisdictions and introduced a broader mechanism that could allow restrictions on crypto service providers across an entire third country if that jurisdiction is seen as enabling sanctions evasion. The bloc also named four designated targets linked to the A7 cross-border payment network. The package also expands action against Russia’s shadow fleet, oil sector and military supply chain.

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EU

2026-07-24 12:17:24

EU broadens Russia sanctions to cover 14 crypto-linked platforms

The European Union on July 24 widened its sanctions on Russia, adding crypto-related targets to its latest package. According to BlockBeats, the measures cover the A7 cross-border payments network, its newly established African affiliate, and the A7A5 stablecoin, which the report said had been used to circumvent sanctions. The new package also extends transaction bans to 14 crypto-related platforms located in countries including Georgia, the United Arab Emirates and Panama. In addition, the EU introduced a new tool that could be used to impose a full ban on crypto-asset services used by Russia. The digital-asset restrictions were announced alongside broader financial measures. The EU also imposed asset freezes and transaction bans on 94 banks and major financial institutions, while extending transaction bans to another 33 Russian credit and financial institutions. The move forms part of the bloc’s 21st round of sanctions targeting Russia.

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