News linked to this event type.
Odaily reports: The French Senate has passed a bill on first reading authorizing tax authorities to automatically exchange crypto asset transaction data with foreign counterpart agencies. The bill has subsequently been submitted to the National Assembly for review as Bill No. 3421 and still needs to complete the legislative process.The bill covers agreements on the exchange of crypto asset tax information and updates existing agreements on the exchange of financial account information. The crypto asset portion is based on the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development, which sets common standards for collecting and automatically exchanging crypto transaction information for participating jurisdictions.France has already implemented the EU's Eighth Amendment to the Administrative Cooperation Directive (DAC8) through its 2025 finance bill, requiring crypto service providers to report client identity and transaction data to tax authorities, which then share the information with the EU country where the user resides. French lawmakers are also discussing crypto tax adjustments in the 2027 budget. An amendment passed by the National Assembly on October 16 proposes taxing gains from conversions into specific fiat-pegged stablecoins starting January 1, 2027, but the measure has not yet become law. (Cointelegraph)
Odaily reports: Prediction market platform Polymarket is investigating a series of precisely timed and highly profitable trades during this week's Israeli election. This is the latest incident to raise external concerns, highlighting the potential risk of insider trading on prediction markets. According to an analysis of Polymarket's trading ledger, shortly before polling stations closed on Tuesday, hundreds of new accounts bet that Netanyahu and his Likud party would defeat their rivals. These trades quickly began to profit. After some exit polls showed that Netanyahu's party won more seats than early reports suggested, some of these accounts had already cashed out a combined total of more than $100,000. (Bloomberg)
the Bank of England (BoE) has opened a consultation on central counterparties (CCPs) accepting digital representations of eligible collateral, and stated that current rules already permit the use of such assets when they meet clearing standards. The proposed supervisory statement will clarify what CCPs need to address when submitting applications under the existing approval process, without creating new regulatory obligations.The Bank of England stated that tokenized collateral must remain capable of valuation, transfer, and liquidation under stress scenarios, and that faster cross-jurisdictional asset transfers could help firms meet margin requirements. The consultation will close on February 12, 2027, and the central bank expects to publish its policy response and related rules later this quarter. (Cointelegraph)
Odaily reports: An announcement updated by OKXICE on October 28 shows that Walmart, Eli Lilly, Cigna, Carnival Corporation, and Arcos Dorados oppose its stock tokenization plan. With the addition of five companies, 38 of the 63 target companies have now formally objected, accounting for about 60%; the combined market capitalization of these companies exceeds $19.4 billion.OKXICE is a joint venture established by crypto exchange OKX and Intercontinental Exchange (ICE), planning to allow eligible investors to trade blockchain-mapped tokens of U.S. stocks around the clock using stablecoins. The tokens will be backed by real shares held by a registered broker-dealer, and trading is intended to be conducted through permissioned Uniswap v4 liquidity pools on the OKX X Layer network.The temporary regulatory exemption established by the U.S. Securities and Exchange Commission (SEC) in September allows eligible platforms to conduct tokenized stock trading without complying with some traditional exchange requirements, and allows listed companies to object to third-party tokenization of their shares. The announcement listed the companies that raised objections but did not explain their specific reasons. (Bitcoin.com News)
According to Crypto in America, the crypto industry organization Crypto Council for Innovation (CCI) and members such as Bitwise, Galaxy Digital, and Morpho submitted a 238-page report to the Securities and Exchange Commission (SEC), calling on regulators to clarify how existing securities laws apply to on-chain vaults (Vaults) and to establish a differentiated regulatory framework based on the degree of control human operators exert over user assets and investment decisions.
Odaily Report: PhotonPay has announced the completion of a $40 million Series C funding round, led by Blockchain Capital, with new investor SBI Group participating, and IDG Capital, GL Ventures, and Lightspeed Faction also joining. The project is a Hong Kong-based fintech company dedicated to developing a stablecoin-centric financial operating system, offering multi-asset wallets, global card issuance, and local clearing services, while advancing a financial execution layer for AI agents. As of August 2026, PhotonPay's annualized transaction volume reached $65 billion, and it has obtained 34 payment and financial licenses or authorizations across the Americas, Europe, and Asia, serving more than 200,000 enterprise clients with operations covering over 200 countries and regions.
Odaily reports: Brazilian crypto exchanges must submit license applications by Friday in order to continue operating during the regulatory review period; the review may last up to two years. Companies that fail to apply on time must cease providing services within 30 days starting Friday. From November 6, banks and payment institutions will also be restricted from conducting crypto transactions with unauthorized service providers.The Central Bank of Brazil (Banco Central do Brasil, BCB) introduced a crypto regulatory framework in November 2025, requiring service providers to verify the source and destination of crypto transfers, including transfers involving self-custody wallets. The rules also set a $100,000 cap on certain international crypto transfers where the counterparty is not authorized to operate in the Brazilian foreign exchange market, and exchanges still have questions about wallet identification, interpretation of the limits, and transaction reporting thresholds.Fabio Cendão, founding partner of Brazilian law firm FCM Law, said that applying is only the starting point of the process, and compliance also involves high capital requirements, technical certification, custody audits, and anti-money laundering controls. Depending on the services provided, minimum capital requirements range from 10.8 million to 37.2 million Brazilian reais; Cendão noted that the related costs may make it difficult for smaller exchanges to comply. (Cointelegraph)
jeff.hl posted on X stating that ICE, trade[XYZ], and Hyperliquid are jointly opening a new chapter. According to the announcement he cited, Hyperliquid provides the underlying technical infrastructure through HIP-3, trade[XYZ] is responsible for designing and implementing the markets, and ICE operates the regulated market and clearing structure; the existing trade[XYZ] HIP-3 markets remain unchanged, and trading still requires regulatory approval. jeff.hl also said that about a year ago he spoke with ICE CEO Jeff Sprecher and joked that if he saw ICE building on Hyperliquid technology, it would mean success.
Huobi HTX announced that the lawsuit initiated by the UK Financial Conduct Authority (FCA) against the exchange in the UK has been properly resolved following a period of constructive communication between both parties. Huobi HTX has consistently cooperated with the FCA in good faith, actively collaborating with the regulator and promptly addressing its concerns regarding the UK market. During this period, guided by its ongoing commitment to compliance standards, Huobi HTX has progressively strengthened restrictions related to the UK market and exit arrangements, and implemented corresponding operational measures.
According to Cointelegraph, Coinbase submitted an application for a crypto asset service provider license to the Central Bank of Brazil on October 28 to meet the local deadline of October 30. Coinbase stated that existing services do not need to be suspended while regulators review the application. Under relevant Brazilian regulations, existing service providers that file applications on time may continue operations during the approval period. Coinbase also plans to expand its foreign exchange and payment businesses in Brazil in the future, but such activities require separate regulatory authorization.
According to an announcement by the UK Financial Conduct Authority (FCA), the FCA has reached a settlement with HTX (formerly Huobi) and obtained a commitment from the UK High Court requiring it not to knowingly directly or indirectly illegally market crypto asset services to UK consumers. HTX has ceased operations in the UK; UK users can no longer make deposits, and new users are unable to register.
Odaily reports: OKX conducted a survey of 1,932 adults who have invested in cryptocurrency, with respondents from the United States, France, Germany, the Netherlands, and Poland. Among European respondents, 19% view cryptocurrency as a long-term wealth accumulation tool, while 8% choose traditional retirement plans; real estate tops the list at 34%.Nearly half of European respondents expect to increase their cryptocurrency holdings, with 47% planning to add to their positions and 13% planning to significantly increase their holdings. Across all age groups, 51% expect to increase their crypto asset allocation; among baby boomers, 55% believe cryptocurrency is not important for generational wealth accumulation.Among U.S. respondents, 21% choose retirement accounts as a long-term wealth tool, while 12% choose cryptocurrency. Excluding baby boomers, 55% of U.S. respondents expect to increase their crypto asset allocation over the next five years, with 22% planning to significantly increase it. (Cointelegraph)
Odaily reports: Cryptocurrency exchange Coinbase has submitted an application to the Central Bank of Brazil for a crypto asset service provider operating license, filing ahead of the country's October 30 application deadline. Coinbase stated that it does not expect to suspend existing services while regulators review the application, and that the filing is intended to meet Brazil's new regulatory requirements and maintain local business operations.Brazil's new rules cover governance, client asset protection, and compliance requirements. Coinbase also reiterated plans to advance its "Everything Exchange" strategy in Brazil, potentially expanding beyond crypto services into foreign exchange and payments in the future, which would require separate regulatory approval. (Cointelegraph)
Vladimir Chistyukhin, First Deputy Governor of the Bank of Russia, stated that the restrictions on the use of non-custodial wallets in Russia's proposed cryptocurrency bill do not apply to international settlements, and non-custodial wallets remain permitted in such scenarios. During the legislative process, the possibility of Russian investors using non-custodial wallets was discussed, and it was ultimately decided not to allow investors to directly use such wallets for investment, in order to reduce anti-money laundering risks and strengthen regulation. Users can still transfer crypto assets from custodial wallets within Russia to custodial wallets in overseas infrastructure, and then transfer them to non-custodial wallets.
According to TheEnergyMag, Galaxy Digital (GLXY) filed an application with the U.S. Office of the Comptroller of the Currency (OCC) on October 29, planning to establish a national trust bank in New York to provide fiduciary investment advisory and digital asset services. The move aims to integrate the company's business operations under a federal regulatory framework.
According to Bloomberg, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is partnering with Trade.xyz to launch perpetual futures products in U.S. regulated markets. The two parties plan to establish a new perpetual futures trading marketplace, equipped with independent clearing, KYC, and anti-money laundering systems, pending regulatory approval.
According to Russian RBC, Ekaterina Andreeva, First Vice President of the National Association of Market Participants (NAUFOR), stated at Crypto Summit 2026 that testing standards for investors purchasing cryptocurrencies on Russian-regulated platforms have been finalized. The draft was submitted to the Standards Committee of the Central Bank of Russia last week. Brokerages will be the first to obtain eligibility to test clients, with the rollout expected to begin as early as late November. Test results will be valid across all regulated platforms, and question banks and procedures for various licensed institutions are expected to remain unified.
According to the Beijing Daily app, the Haidian District Market Regulation Bureau in Beijing has investigated and penalized the city's first illegal case involving the use of blockchain and virtual currency technologies to assist in pyramid selling operations. The involved tech company was fined and had its illegal gains confiscated, totaling over 930,000 RMB. The company served as an outsourced service provider for a public chain, offering operational support, marketing services, promotional campaigns, exchange integration, and maintenance.
According to official news, Gate US now supports USD balance trading and has officially launched USD Wire deposit and withdrawal services. Users no longer need to convert funds into stablecoins and can directly hold USD balances in their platform accounts, using them only when they need to trade.Through the upgraded banking and payment infrastructure, eligible verified Gate US users in supported regions can use their own U.S. bank accounts to make large USD transfers via USD Wire. The transfer limits supported by this service are higher than those of regular bank cards or in-app transfers. Users can also withdraw USD balances to the same verified bank account, subject to applicable limit restrictions and processing requirements. Users can open the Gate US App, go to the Wallet page, select the USD option, and follow the on-screen instructions to complete the process. When making a transfer, users need to enter the dedicated reference code provided on the page so that the system can identify and match the corresponding account.Gate US continues to advance compliance efforts in the U.S. market and currently holds 37 state-level Money Transmitter Licenses (MTLs), with services covering 47 U.S. states and territories. By continuously upgrading banking and payment infrastructure and expanding its network of financial and technology partners, Gate US will continue to enrich fiat currency services and fund transfer options, promoting further integration between digital asset trading and traditional financial services. USD deposit and withdrawal services are only available in certain U.S. jurisdictions. Residents of Colorado, Hawaii, Missouri, New Jersey, Utah, or Wyoming cannot use this service.
According to Cryptopolitan, Euronext halted trading of CoinShares' newly launched Zcash ETP (code ZCSH) on the Paris market on October 28, just hours after its listing. An Euronext spokesperson stated that the suspension was due to the central securities depository (CSD) temporarily being unable to support standard settlement operations, rather than any regulatory issue, and the product will resume once settlement conditions are met.