News linked to both this project and an event.
According to Cointelegraph, the Bank of Russia has issued new guidelines confirming that direct peer-to-peer (P2P) cryptocurrency transactions between individuals will be banned starting July 1, 2027, at which point all such transactions must be conducted through authorized intermediaries. Additionally, individuals are prohibited from transferring crypto assets from digital accounts to self-custody wallets. Meanwhile, the Bank of Russia has approved the country's largest bank, Sberbank, to provide cryptocurrency exchange services, and will bring exchange operators and custodial institutions under central bank regulatory oversight starting September 1 this year. Russia currently continues to prohibit the use of cryptocurrencies for payments for goods and services.
Odaily News: The Bank of Russia stated in updated regulatory guidelines that arrangements allowing individuals to directly conduct peer-to-peer crypto asset transactions will continue until July 1, 2027, after which such transactions must be completed through authorized intermediaries.The Bank of Russia also made clear that individuals may not transfer crypto assets from digital accounts to self-custodial wallets. Russia is expanding its regulated crypto market, and Sberbank, the country's largest bank, has been approved to provide crypto asset trading services, having previously been approved as a digital asset custodian.Russia's new crypto asset regulatory rules took effect on September 1, bringing trading operators and custodians under the supervision of the Bank of Russia; the country still prohibits the use of cryptocurrencies for payment of goods and services. Jan3 CEO Samson Mow said that P2P transactions are more resistant to regulatory crackdowns than centralized platforms. (Cointelegraph)
Odaily Report: Thailand's listing rules for Bitcoin and Ether exchange-traded funds (ETFs) will take effect on Friday. James Butterfill, head of research at digital asset investment firm CoinShares, said initial inflows for the first batch of products are expected to be in the tens of millions of dollars, and expectations of reaching billions are unrealistic.Once the new rules take effect, Thai retail investors will be able to gain exposure to the relevant assets through locally listed crypto ETFs; investing in overseas crypto ETFs through domestic brokers will be limited to institutional investors and ultra-high-net-worth investors. The first batch of Thai crypto funds will still need to obtain regulatory approval and complete custody and distribution arrangements before they can trade.Butterfill compared the situation to Hong Kong. As of the end of September, global crypto exchange-traded product (ETP) assets under management stood at $172.9 billion, of which Hong Kong accounted for $733 million, or 0.42%.He said some investors have already gained Bitcoin exposure through overseas funds or direct trading, which could limit demand for local ETFs. MFC Asset Management launched the Bitcoin ETF Tracker Fund (MBTCETF-UI) in 2024, which invests in BlackRock's iShares Bitcoin Trust (IBIT); ONE Asset Management became the first Thai asset management company approved for a Bitcoin ETF-linked fund in the same year. (Cointelegraph)
According to Cointelegraph, South Korea's Financial Services Commission (FSC) plans to implement stricter cybersecurity requirements for financial institutions and cryptocurrency exchanges. A prior industry review revealed that out of 555 financial institutions, 130 had cybersecurity vulnerabilities, resulting in the exposure of approximately 100,000 customer personal information records. The affected institutions include Streami, the operator of Gopax, and crypto exchange Prabang, which disclosed that it was hacked on October 2, leading to a customer data breach.
South Korea's Financial Services Commission (FSC) has announced plans to enhance threat monitoring, increase the frequency of security assessments, and strengthen executive accountability. An industry review revealed that 130 out of 555 financial companies have cybersecurity deficiencies, involving 16 prior security incidents.The FSC stated that the affected institutions had approximately 100,000 customer records exposed in total, including names, contact information, and ID numbers. Affected institutions include Streami, the operator of Gopax, and cryptocurrency trading platform Prabang, which previously disclosed that a hack on October 2 resulted in the leak of some customers' personal information.Under the proposed reforms, large financial institutions would undergo vulnerability assessments at least twice a year, and regulators also plan to strengthen information sharing and consider using AI to monitor the security posture of smaller companies. In the event of urgent threats, regulators may also conduct additional inspections beyond routine assessments. Authorities are still investigating whether the incidents involved AI or were carried out by the same attacker. (Cointelegraph)
— The Australian Securities and Investments Commission (ASIC) has launched public consultation on proposed capital, custody and trading requirements for crypto platforms, with the rules aimed at complementing digital asset legislation passed in April to expand oversight of the industry.The proposals include three capital models, restrictions on platforms conducting proprietary trading, and quarterly reporting of wallets holding client assets. ASIC also proposes allowing offshore custody and is seeking feedback on safeguards in the event that an overseas parent company or affiliate fails.One of the models would require platforms that do not adopt qualifying third-party custody arrangements to hold at least A$14 million (about US$9.7 million) in net tangible assets, or 10% of average revenue, whichever is higher. Feedback is due by November 27, and ASIC plans to publish final standards and guidance in March 2027.The related law will take effect on April 8, 2027, and operators must apply for a license by October 7 of the same year, while being allowed to continue operating during ASIC's review of their applications. (Cointelegraph)
According to Cointelegraph, the U.S. Office of the Comptroller of the Currency (OCC) has released a report on debanking, noting that some banks maintain "public and non-public policies" that restrict financial services for industries such as digital assets, oil and natural gas, tobacco, and firearms. The report states that many financial institutions typically impose restrictions on digital asset-related businesses due to concerns over financial crime risks, affecting issuers, exchanges, and administrators.
Odaily News: The U.S. Office of the Comptroller of the Currency (OCC) has released a report on "debanking," stating that some banks have used public and non-public policies to restrict financial services for multiple industries, including crude oil, natural gas, tobacco, firearms, and digital assets. The report notes that some institutions restricted digital asset businesses, including issuers, exchanges, and managers, often citing financial crime concerns as the reason.The OCC stated that the report was prepared in accordance with an executive order signed by Donald Trump in August 2025, which aims to prevent what it calls "illegal debanking." The report reviewed 9 major banks but did not list specific cases related to digital asset businesses, nor did it comprehensively quantify the scope of debanking or related allegations.OCC head Jonathan Gould said that some debanking decisions related to coal and firearms were not based on financial risk, with banks citing reputational risks from negative news, public protests, and support for related industries. In November 2024, more than 30 tech and crypto industry executives said they were unable to access banking services. (Cointelegraph)
Odaily reports: Coins.ph stated that its Bangko Sentral ng Pilipinas (BSP) license remains valid, and denied knowingly serving offshore gaming or gambling operators. The company said user funds are safe and the platform will continue to operate as a BSP-licensed institution. The company did not directly state whether the relevant entities had used its platform.The BSP previously required Coins.ph to strengthen internal controls and restrict InstaPay and PESONet transfers involving its operating entity DCPay Philippines. Coins.ph said that cash-in and QRPh collections are temporarily unavailable, but cryptocurrency trading, withdrawals, bill payments, and merchant QRPh payments remain accessible.DCPay holds an Electronic Money Issuer license, while Betur Inc. operates Coins.ph's crypto asset services under a separate Virtual Asset Service Provider license. The restrictions are said to target DCPay's payment business, rather than Betur's crypto asset services. (Cointelegraph)
According to Cointelegraph, European electronics retailer MediaMarktSaturn has completely removed all Ledger products from its physical stores and online platforms, stating that it is in contact with the manufacturer and "taking this incident very seriously." Previously, users reported discovering unauthorized cables and cellular modules inside Ledger wallets purchased from multiple MediaMarkt locations, which could be used to steal user mnemonic phrases via cellular networks. The issue initially stemmed from Ledger's investigation into Southeast Asian distributor CryptoBilis and has since expanded to Europe and Singapore.
Odaily News: European electronics retailer MediaMarkt's parent company MediaMarktSaturn has removed all Ledger products from its stores and online platform, stating that it is in contact with the manufacturer. The company said it takes this matter very seriously.X user Johannes claims that two Ledger wallets purchased from two different MediaMarkt stores both contained unauthorized cables and cellular modules. Ledger stated that the implants in question can transmit users' recovery phrases via cellular networks and is investigating reports beyond CryptoBilis.Former Mt. Gox CEO Mark Karpelès said that a Ledger Flex he purchased at Singapore Changi Airport contained a spy implant. Ledger responded by saying users should refer to the latest CryptoBilis investigation update, but did not directly address the Singapore case, nor did it confirm whether tampered devices exist in Europe. (Cointelegraph)
Odaily News: Fairshake-affiliated entities Defend American Jobs and Protect Progress have spent a combined $2.7 million to support Democratic and Republican candidates running for U.S. House seats in 2026. The spending comes 22 days before the U.S. midterm elections.The expenditures include over $76,000 in supportive advertising for House Majority Whip Tom Emmer and $73,000 for House Agriculture Committee Chairman Glenn Thompson; California Representative Pete Aguilar and New Jersey Representative Josh Gottheimer received $512,000 and $500,000 in support, respectively.Fairshake announced days ago that it plans to support 32 additional House candidates in 2026, with 6 of them each receiving $1 million in supportive media placements. As of August, Fairshake held $122 million in cash and planned to allocate at least $30 million in media spending to oppose Sherrod Brown's run for the Ohio Senate seat.All of the aforementioned candidates voted in 2025 to support the Digital Asset Market Clarity Act (CLARITY Act). The bill aims to establish market structure rules for cryptocurrencies and expand the U.S. Commodity Futures Trading Commission's (CFTC) regulatory enforcement authority, but it failed a Senate procedural vote in September. (Cointelegraph)
Odaily News: The Australian Securities and Investments Commission (ASIC) plans to expand its Contracts for Difference (CFD) rules to bring derivatives settled by digital asset transfers, and meeting other conditions, under regulatory oversight. The relevant products will be subject to leverage caps, mandatory close-out provisions, and negative balance protection, with the exception of certain crypto futures and options that have a fixed expiry date. ASIC is seeking feedback from industry participants and stakeholders on the proposed amendments, with a deadline of November 9.Australia's existing CFD regulatory framework was introduced in 2021, requiring service providers to close out positions when account funds fall below a specified level, with negative balance protection limiting client losses to the funds in their CFD accounts. In April, Australia passed legislation bringing crypto exchanges and tokenized custody platforms into its financial services licensing framework, with the new regime set to take effect on April 9, 2027. (Cointelegraph)
Odaily News: Cryptocurrency exchange Kraken's parent company Payward has received full market approval from the Dubai Virtual Assets Regulatory Authority (VARA), with its local entity Payward FZCO obtaining a virtual asset service provider license, allowing it to offer crypto asset services in the UAE. The approval builds on preliminary approval obtained in May 2026.Payward stated that Kraken's UAE clients will be able to use spot and margin trading pairs denominated in UAE dirhams within the coming weeks, with support for direct deposits and withdrawals. The services will be available to retail investors, professional investors, and institutional investors.VARA's public registry shows that Payward FZCO was approved on October 6 to provide asset management and investment services, as well as broker-dealer services. The number of licensed service providers currently registered with Dubai's VARA stands at 58, up from 49 in May 2026. (Cointelegraph)
According to Cointelegraph, the Financial Stability Board (FSB) warned in a document submitted to G20 finance ministers and central bank governors that cross-border regulation of stablecoins, crisis resolution mechanisms, and AI-related cybersecurity risks still require further improvement. FSB Chair Andrew Bailey stated that cross-border regulation and crisis management mechanisms for stablecoins are currently "still immature or not yet established."
Odaily News: The Financial Stability Board (FSB) has stated that cross-border stablecoin regulation and crisis management mechanisms remain immature or have yet to be established. FSB Chair Andrew Bailey noted that its 2025 review shows that only 11 out of the 28 jurisdictions surveyed have completed building stablecoin regulatory frameworks.The FSB warned that stablecoin runs could transmit to traditional financial markets through forced sales of reserve assets and bank deposit withdrawals. For multi-issuer stablecoins, redemption demands could concentrate on a single issuer, while reserve assets are distributed across different jurisdictions — a similar risk that European Central Bank (ECB) President Christine Lagarde had previously flagged.The FSB has finalized practices for the responsible adoption of AI in the financial sector, covering organizational governance, AI development and deployment, cybersecurity, and third-party service risks. Andrew Bailey stated that AI-driven sophisticated cyberattacks could undermine the resilience of critical financial institutions and market infrastructure. The FSB has submitted related correspondence to the G20 Finance Ministers and Central Bank Governors meeting. (Cointelegraph)
Odaily News: The Finance Committee of the French National Assembly has passed amendment No. I-CF821, which would require holders of self-custodied crypto assets valued at or above €100,000 (approximately $112,000) to declare their holdings.The declared value is based on December 31 of each year, and those who fail to declare as required may face fines of up to €10,000. The proposal was put forward by Charles de Courson, Jean-Pierre Bataille, and Michel Castellani, aiming to combat tax evasion.The amendment still needs to be resubmitted and approved when the National Assembly reviews the revenue portion of the budget before it can be incorporated into French law. After the Finance Committee passed the relevant amendment, it rejected the revenue portion of the 2027 budget by a vote of 31 to 3, and lawmakers are expected to begin debate on Tuesday starting from the government's original draft. (Cointelegraph)
Odaily report: Crypto trading platform Kraken is investigating an issue affecting some users on its App and web platforms, where affected users may see incorrect margin data. The specific scope of impact and progress on the fix have not yet been disclosed. (Cointelegraph)
According to Cointelegraph, the European Securities and Markets Authority (ESMA) has published a consultation paper seeking industry feedback on the legal, liquidity, and operational risks of tokenized collateral, to assess whether clearinghouses can promptly access such assets and convert them into cash during periods of market stress. This review will help determine whether existing EU regulations are sufficient to ensure that clearinghouses can effectively dispose of tokenized collateral in the event of member defaults, and will also evaluate whether additional regulatory measures are needed.
The European Securities and Markets Authority (ESMA) has published a consultation paper seeking industry feedback on the legal, liquidity, and operational risks of tokenized collateral, in order to assess whether clearing institutions can obtain and liquidate such assets under market stress, and to determine whether new EU regulatory measures are needed.ESMA Chair Verena Ross stated that legal certainty, infrastructure interoperability, and appropriate regulation are needed to create the conditions for the safe cross-border operation and scaling of tokenized markets. Tokenized collateral is entering European clearing operations, enabling banks and investors to obtain securities more quickly to meet margin requirements.The assessment will also examine whether current EU rules can support clearing institutions in obtaining and liquidating tokenized collateral in the event of a member default. In July 2025, Eurex Clearing launched a collateral service based on distributed ledger technology, and JPMorgan completed its first real-time transaction for Dutch pension investor PGGM.ESMA will also assess tokenized forms of assets held by traditional financial infrastructure, assets natively issued on distributed ledgers, and their relationship with stablecoins, central bank money, and tokenized deposits. The European System of Central Banks launched Pontes in September 2025 to settle tokenized asset transactions in central bank money, and to connect blockchain infrastructure with existing settlement systems. (Cointelegraph)