News linked to both this project and an event.
According to FinanceFeeds, the Bangko Sentral ng Pilipinas (BSP) has approved Memorandum No. M-2026-023, prohibiting licensed cryptocurrency exchanges and other virtual asset service providers (VASPs) from listing or supporting privacy coins to strengthen anti-money laundering (AML) and countering the financing of terrorism (CFT) oversight. The new rule primarily targets regulated platforms and does not apply to individual holdings of privacy coins or over-the-counter (OTC) peer-to-peer transfers.
According to official announcements, Deepcoin, a global cryptocurrency exchange, has officially obtained the Bitcoin Service Provider (BSP) license issued by the Central Reserve Bank of El Salvador, enabling it to offer Bitcoin custody, Bitcoin trading, and related exchange services within the country’s regulatory framework. This license is a key authorization under El Salvador’s Bitcoin regulatory system; applicants must meet requirements in governance, risk management, cybersecurity, and anti-money laundering (AML)/countering the financing of terrorism (CFT) compliance. Deepcoin stated that this approval marks a new milestone in its global compliance strategy.
Starting June 1, the Central Bank of Brazil officially tightened licensing requirements for Virtual Asset Service Providers (VASPs), mandating that all cryptocurrency firms applying for or renewing their licenses undergo independent financial audits. The audit scope covers compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations, segregation of client funds from platform-owned funds, risk management mechanisms, and staff training. Audit firms must be registered with the Brazilian Securities and Exchange Commission (CVM). Previously, Brazil established a regulatory framework for virtual assets through legislation in 2022 and introduced the VASP licensing category in November 2025. This latest regulation further strengthens compliance oversight of the cryptocurrency industry.
According to the ABA Banking Journal, on May 22, the U.S. Federal Deposit Insurance Corporation (FDIC) proposed new rules to establish Bank Secrecy Act (BSA) and sanctions compliance standards for stablecoin issuers under its supervision. Under the proposal, such issuers would be required to comply with applicable anti-money laundering (AML) / countering the financing of terrorism (CFT), economic sanctions, and reporting requirements—including those issued by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC). The rule would also establish supervisory and enforcement provisions for AML/CFT programs consistent with FinCEN’s requirements. The public comment period is 60 days following publication of the proposal in the Federal Register.
According to Times Brasil, Brazil’s Central Bank’s Administrative Sanctions Procedure Decision Committee has fined Banco Topázio approximately USD 3.15 million and banned it from conducting over-the-counter foreign exchange operations for virtual asset transactions for the next two years. Regulators stated that between October 2020 and September 2021, Banco Topázio processed around USD 1.7 billion in related transactions while failing to adequately verify customer eligibility, maintain proper customer records, and implement anti-money laundering (AML) and countering the financing of terrorism (CFT) controls—and further failed to report suspicious transactions to COAF. Officials from Brazil’s Central Bank indicated that similar restrictions could also be applied in the future to other institutions engaged in cryptocurrency-related activities.