News linked to this event type.
According to The Block, Mastercard announced at Money20/20 USA the launch of its stablecoin risk intelligence service, Stablecoin Security. The service helps financial institutions assess stablecoin payment risks before funds are moved on-chain. The system traces fund origins, screens for potential links to fraud, scams, sanctions violations, and other financial crimes, and generates a risk score based on transaction context. Banks can integrate the scoring into their existing risk management and compliance systems via API. Borderless.xyz and Keyrails serve as the launch partners. The service will initially roll out in North America, with global commercial deployment expected in 2027. Citing research from the Bank for International Settlements (BIS), Mastercard noted that transactions on Ethereum in 2025 encompassed 593 million stablecoin transfer events across 141 million transactions, with nearly 60% occurring within complex multi-step processes rather than simple one-to-one payments.
According to Bloomberg analyst James Seyffart (@JSeyff), BlackRock has submitted a new Bitcoin ETF application titled “iShares Bitcoin Managed Protection ETF,” with the ticker symbol PBIT. The product is a “buffered” ETF that provides downside protection, but investors must forego some upside returns. Operating as a 1940 Act fund, it uses IBIT as its underlying asset and utilizes the purchase and sale of related options to achieve predefined payoff outcomes. This marks the third Bitcoin-related ETF filing by BlackRock, whose current product lineup remains limited to Bitcoin and Ethereum, without covering other crypto assets. Seyffart also noted that firms such as Calamos and First Trust have previously launched similar buffered/defined outcome Bitcoin ETFs.
According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) filed documents in court last Friday rebutting the legal challenge brought by the Chicago Mercantile Exchange Group (CME) against its new perpetual futures policy, arguing that CME lacks standing. The CFTC stated that CME raised only claims of heightened competition without demonstrating credible and imminent financial loss, noting that CME’s crypto futures trading volume has risen rather than fallen since the policy adjustment. In context, the CFTC approved Kalshi’s first Bitcoin perpetual contract this May and indicated it would regulate such products on a case-by-case basis under the futures category. CME, however, argues that perpetual contracts lack an expiration date, do not qualify as futures, and should instead be classified as swaps subject to a different regulatory framework. The CFTC also noted that CME previously told investors during an earnings call that there was no market demand for perpetual contracts and that they were not a substitute for CME’s existing futures products, asserting that CME cannot maintain contradictory positions in court and before investors.
Fintech company Ramp stated that it submitted an application to the Office of the Comptroller of the Currency (OCC) on October 16 to establish Ramp National Trust Bank. If approved, the trust bank charter will allow it to provide fiduciary investment management and digital asset custody services, bringing it under a unified federal regulatory framework. Additionally, the proposed entity will not engage in accepting deposits or making commercial loans.
According to Cointelegraph, the U.S. Congress is advancing the Digital Asset Tax Certainty Act (H.R. 10357). Section 502 of the bill mandates that the U.S. Department of the Treasury establish a "Digital Asset Voluntary Disclosure Program" within 12 months of enactment, allowing compliant taxpayers to rectify past digital asset tax non-compliance by filing amended returns, paying back taxes and interest, and receiving penalty relief.
JPMorgan CEO Jamie Dimon stated that the US economy is currently in good shape overall, supported by solid corporate earnings, a resilient labor market, and relatively manageable debt levels for both businesses and households. However, short-term economic resilience does not mean risks have been eliminated. Dimon warned that the US economy still faces three major threats: sticky inflation continuing to suppress purchasing power and constrain monetary policy flexibility; massive government fiscal deficits pushing up interest obligations and financing costs; and potential cascading impacts from overseas geopolitical conflicts. He noted that an economic downturn is inevitable, but the exact triggers and timing of the next recession are difficult to predict precisely, necessitating prudent preparation for the potential shockwaves from compounding unforeseen events.
The Hyperliquid Policy Council (HPC) stated that it has submitted a comment letter to the U.S. SEC supporting its proposed Regulation Crypto Assets, and recommended five adjustments in the final rules to further clarify regulatory boundaries for token issuances, airdrops, secondary market trading, and safe harbors.
Odaily Report: Bitcoin News posted on X that Bitcoin rose about 2.4%, hitting a five-day high near $82,830 and rebounding from a low near $80,600 caused by weekend selling. Market expectations for another Fed rate hike have declined significantly, with traders now pricing in about a 12% probability that the Fed will raise rates at its October 28 meeting. Higher-than-expected U.S. inflation data last week had briefly sparked concerns about further monetary tightening; meanwhile, falling oil prices and U.S. Treasury yields improved investor sentiment.
According to disclosures by the Shenzhen Economic Crime Investigation Department, investors have recently suffered financial losses from investment scams operating under the guise of "RWA real estate tokenization." These schemes typically use technical pretenses such as "automated smart contract dividend payouts" and "verifiability on blockchain explorers" to lure investors into purchasing fictitious on-chain fractionalized real estate ownership. Once the funds are collected, dividend distributions cease and the operators disappear. The Shenzhen Economic Crime Investigation Department pointed out that smart contract addresses and company registration information only prove the existence of the code and the registered corporate entity; they do not indicate that the projects are genuinely backed by underlying physical assets, nor do they signify that the projects hold financial business qualifications. Under China's current regulatory framework, any tokenized financing activities conducted domestically under the name of RWA constitute illegal financial activities. Virtual currencies do not possess the status of legal tender, and related token issuance financing and speculative trading are not protected by law.
Odaily reports: On Friday, France's National Assembly passed Amendment I-3898 with 38 votes in favor, 37 against, and 25 abstentions, which proposes taxing certain cryptocurrency-to-stablecoin conversion transactions. If approved, the relevant provisions are expected to take effect starting in 2027. The measure would change the method for calculating cryptocurrency capital gains tax, meaning that when investors convert Bitcoin or other cryptocurrencies into stablecoins, the resulting gains could trigger tax liability even if the assets are not converted into fiat currency.The French National Assembly is scheduled to vote on Tuesday on the first part of the 2027 Finance Bill. A proposal to allow realized cryptocurrency losses to be carried forward for 10 years was rejected by the Assembly on Friday with 18 votes in favor, 75 against, and 3 abstentions.French lawmakers are also reviewing two cryptocurrency tax proposals: I-CF1822 would expand the exit tax to unrealized gains, applicable to taxpayers whose cryptocurrency portfolios exceed €800,000 in total value and who relocate their residence outside France; I-2701 would require the declaration of self-hosted wallet holdings, with a threshold of more than €100,000 in total value for the relevant tax year. Both proposals remained under review as of Monday. (Cointelegraph)
Odaily reports: The European Securities and Markets Authority (ESMA) has updated the EU's Markets in Crypto-Assets Regulation (MiCA) register, adding 9 new crypto-asset service providers (CASPs), including BingX's Austrian entity MEGE zweite, bringing the number of independently registered CASPs to 375.The register also includes the Italian subsidiary of crypto lending platform YouHodler, which has been authorized to provide custody, crypto-asset trading, order execution, and transfer services. Openbank Deutschland, the German subsidiary of Banco Santander's Openbank, is also on the newly added list.Spain's Prakma Markets and Germany's VR-Bank Alb-Blau-Donau and VR Bank im südlichen Franken have likewise been added to the register. Denmark's Penning Financial Services no longer appears on the latest list.The electronic money token (EMT) register still contains 50 records involving 25 independent entities; the asset-referenced token (ART) register remains empty. The non-compliant crypto-asset service provider (NCASP) register increased by 5 entries to 178. (Cointelegraph)
According to CoinDesk, total deposits in crypto lending vaults have exceeded $10 billion, representing a significant increase from $4 billion at the beginning of last year. These vaults are typically managed by "Curators" responsible for selecting lending strategies, setting risk limits, and charging fees. Annualized yields generally range from 3% to 10%, with high-risk strategies reaching 20% or higher.
Odaily News: According to an official announcement, Bitget has listed 108 stock spot rTokens, including rTCEHY (Tencent Holdings ADR), rBYDDY (BYD ADR), rXIACY (Xiaomi Group ADR), and rVWAGY (Volkswagen ADR). As of now, the Bitget platform supports a total of 3,035 rTokens.It is reported that rTokens, identified by the letter "r" plus the stock ticker (e.g., rNVDA for Nvidia), are issued by Reality, a licensed RWA protocol under Bitget, through a partnership with compliant broker Alpaca to directly connect to global liquidity pools such as Nasdaq and the NYSE. Their features include: underlying assets backed by 1:1 reserves and custodied by licensed custodians, stock dividends distributed 1:1 in token form, support for synchronous mapping of corporate actions (stock splits and reverse splits, etc.), and holdings can serve as joint margin for the unified account and USDT-margined futures, allowing users to hold global stock assets while still managing funds flexibly.
According to FX News Group, the UK digital bank Revolut’s new entity, Revolut Global Digital Assets Limited (RGDAL), has obtained a Distributed Ledger Technology (DLT) service provider license from the Gibraltar Financial Services Commission (GFSC). Revolut stated that this license will be used to support its international crypto business in key expansion markets. The company currently provides crypto services in the UK through Revolut Ltd and conducts related operations in the European Economic Area under MiCA via Revolut Digital Assets Europe Ltd.
Odaily Report: JPMorgan is expanding its JPM Coin USD deposit token to the Ethereum mainnet, offering it to institutional clients. The token was previously launched on Base in 2025 and represents actual bank deposits, enabling near-instant peer-to-peer transfers and settlements around the clock. It is currently available only to JPMorgan institutional clients through Kinexys, does not support public trading, and is not open to retail customers. JPM Coin is a permissioned, regulatory-compliant bank money and is not a decentralized stablecoin.
Senior officials from South Korea's finance ministry plan to hold consultations with major cryptocurrency exchanges on Tuesday, with participants including representatives from Upbit, Bithumb, Coinone, DigitalX, Gopax, and the Digital Asset Exchange Alliance (DAXA). Yoo Young-jun, Director General of the Digital Finance Policy Bureau at South Korea's Financial Services Commission, will attend the meeting.South Korea has postponed the crypto tax three times, most recently pushing the implementation date to 2027. Exchanges say that applicable rules for different transaction types have not yet been determined and that infrastructure preparation time is limited, with the industry broadly supporting a further delay of the tax.South Korean Democratic Party lawmaker Park Min-gyu recently proposed a bill that would set the tax start date as January 1 of the second year after South Korea begins sharing data under the OECD Crypto-Asset Reporting Framework (CARF). If the first data exchange takes place in 2027, the tax would begin in 2029. (Cointelegraph)
According to The Block, citing South Korean media outlet Digital Asset, South Korea's Financial Supervisory Service (FSS) said it will investigate unfair trading practices involving crypto assets linked to token foundations, as well as other high-risk market activities.
The South Korean Financial Supervisory Service (FSS) stated that it will in the future launch swift investigations into unfair trading and other activities associated with virtual asset issuance foundations, in order to address conduct that undermines market order. The relevant content was presented on October 19 in a report on the current status of audit operations at the National Assembly's Political Affairs Committee, under a plan titled "Strengthening Digital Asset User Protection and Establishing a Sound Trading Order."
According to CoinDesk, Didzis Dejus, the Prime Minister's Advisor for Strategic Planning and New Economy, stated at the UN:BLOCK Fintech conference in Riga that Latvia could allow residents to pay personal taxes in cryptocurrency as early as next year. The Ministry of Finance has approved the plan, but technical integration with payment providers is still underway, and neither the names of the payment providers nor the specific cryptocurrencies available for tax payments have been disclosed. This initiative continues the cryptocurrency tax payment and asset tokenization scheme for real estate and other assets announced in May 2025. Additionally, the Latvian Parliament passed a cryptocurrency tax reform bill on October 15. Taxation will now apply only when the withdrawal amount from a cryptocurrency investment account exceeds the deposit amount, replacing individual transaction taxes, and introducing a one-time declaration mechanism. Holders may submit declarations between April 1 and May 31, 2027, to settle past tax obligations at 10% of the declared market value of their assets as of the end of 2026, with taxes due by July 23. Dejus stated that this measure assists investors who acquired cryptocurrencies years ago but lack proof of their cost basis.
Odaily reports: Crypto.com's prediction market trading platform and Novig filed suit against Missouri officials in federal court last Friday, asking a judge to bar the state from taking enforcement action against their sports event contracts. Previously, Missouri Attorney General Catherine Hanaway sent cease-and-desist letters in September to six platforms, including both companies, requiring them to stop offering sports event contracts to state residents within 30 days or obtain a state license and pay a 10% tax. Crypto.com said the cease-and-desist letter was mistakenly sent to Foris DAX, Inc. rather than the trading platform itself; the Missouri Constitution only permits the issuance of two mobile sports prediction licenses, and both have already been granted, making obtaining a license unfeasible.The two platforms argue that the Commodity Exchange Act grants the CFTC exclusive jurisdiction and preempts state law. Kalshi, Polymarket, Robinhood, and Underdog, which also received cease-and-desist letters in September, had not filed suit in Missouri federal court as of Sunday. Because multiple U.S. federal appellate courts are divided on whether federal law preempts state regulation, Novig has asked the court to issue a preliminary injunction during the litigation to maintain the status quo.