Uzbekistan Starts Government Bond-Backed HUMO Payment Pilot
Uzbek regulators have started a controlled pilot for HUMO, a soum-pegged token backed by government securities, with more than 20 merchants prepared to participate.
Category: Regulation
OCC Gives Revolut and OpenReserve Preliminary Bank Approvals
The OCC granted preliminary conditional approval for proposed national banks from Revolut and OpenReserve, both with planned digital-asset payment services.
Thailand Travel Rule Adds Self-Hosted Wallet Checks
Thailand’s crypto Travel Rule will require digital asset operators to verify control of self-hosted wallets and retain transfer records for five years.
Japan FSA Seeks Reporting Relief for Trust-Based Stablecoins
Japan’s Financial Services Agency wants trust-based stablecoins exempted from two beneficiary-level tax reports that do not fit tokens designed to circulate among many users.
FSI Finds Group-Level Gap in Stablecoin Issuer Rules
A Financial Stability Institute comparison finds major differences in what stablecoin issuers may do and a shared gap in oversight beyond the issuing entity.
Chelsea Puts USDC on Shirts as UK Sponsorship Scrutiny Rises
Circle and USDC will appear on Chelsea shirts from the 2026/27 season, putting stablecoin branding into UK football amid closer FCA scrutiny of financial sponsors.
UK Proposes Bank of England Payments Innovation Objective
The UK plans a secondary Bank of England objective for innovation in systemic payment systems, including those using stablecoins.
OFAC Adds Iran’s Digital Asset Sector to Sanctions Framework
A new sectoral determination broadens OFAC’s authority to target foreign parties operating in or supporting Iran’s digital asset economy.
Pakistan Opens Crypto Licensing Portal With Sept. 5 Deadline
Pakistan has opened applications for virtual-asset licences, NOCs and its regulatory sandbox, with a Sept. 5 deadline for transitional providers.
OCC Targets November for Final GENIUS Act Stablecoin Rule
Comptroller Jonathan Gould said the OCC aims to issue its final payment-stablecoin rule by November and begin processing applications in the new year.
CFTC Starts Exploring Crypto Market Rules as CLARITY Fallback
CFTC Chair Michael Selig has directed staff to explore an agency-led crypto market structure if Congress does not pass the CLARITY Act.
FASB Proposal Sets a High Bar for Stablecoins as Cash Equivalents
A FASB proposal would let some stablecoins qualify as cash equivalents only when holders have direct redemption rights and reserves meet strict conditions.