FCA Sprint Feedback Favors Cross-Border Stablecoin Payments
Feedback from the UK FCA’s Stablecoin Sprint identifies cross-border payments as the clearest near-term opportunity while flagging limits in domestic retail.
Category: Regulation
EU Names HTX in Russia Sanctions With August Transaction-Ban Date
The EU has added HTX to a Russia-sanctions annex covering third-country crypto and payment providers, with the exchange’s listing dated to take effect August 23.
BIS Researchers Find Stablecoin Flows Resist Capital Controls
A new BIS working paper finds stablecoin inflows respond to economic stress but show little measurable sensitivity to capital controls.
US and UK Set Shared Direction for Cross-Border Stablecoin Rules
A joint policy statement backs one-to-one reserves, protected redemption rights and pathways for regulated stablecoins to reach both markets.
Philippine Cost-Based Electronic Transfer Fee Rules Take Effect
New Philippine rules tie person-to-person electronic transfer fees to documented costs and require recipients to receive the full amount sent.
California Crypto Licensing Rules Take Effect Under DFAL
California’s Digital Financial Assets Law licensing requirement took effect July 1, requiring many crypto businesses serving residents to be licensed or have a completed application on file.
Florida Enacts Stablecoin Issuer Rules and Fee-Payment Pilot
Florida approved a state stablecoin issuer framework and a pilot that can let businesses pay regulatory fees in qualifying dollar-backed tokens.
UK Board Opens Consultation on Next-Generation Retail Payments
The UK Retail Payments Infrastructure Board is seeking input on a next-generation platform spanning account-to-account, cross-border and digital-money payments.
Alchemy Pay Adds Illinois Money Transmitter License
Alchemy Pay has added an Illinois money transmitter license, extending its state-level regulatory coverage for fiat and digital-asset payment services.
BIS Sets Two-Track Agenda for Stablecoin Risks and Tokenised Money
The Bank for International Settlements has called for coordinated stablecoin safeguards alongside development of tokenised central and commercial bank money.
Bank of England Replaces Stablecoin Holding Limits With £40bn Issuance Guardrail
The Bank of England dropped proposed individual and business holding limits for systemic stablecoins, replacing them with a temporary £40 billion issuance guardrail per product.
OSL Announces Australian Payments Licence for Wholesale Clients
OSL has announced an Australian financial-services licence covering non-cash payment products and custody services for wholesale clients.