Japan Reclassifies Crypto as Financial Instruments
Japan reclassifies crypto as financial instruments to curb insider trading by 2027, with tax cuts from 55% to 20% and severe penalties for unregistered sellers. #Breaking #Legal
Regulation
Cryptocurrencies Classified as Financial Products in Japan
Japan’s cabinet has approved a draft amendment to classify cryptocurrencies as financial products under the Financial Instruments and Exchange Act, potentially effective by fiscal 2027, enhancing regulation and penalties. #Update #Crypto $BTC $ETH
Bitcoin: France Mandates Self Custody Disclosure
France’s National Assembly passed a bill requiring self-hosted wallet disclosures over €5,000, despite security concerns and government opposition. #Update #Legal
Stablecoin Issuers Move Toward Federal Compliance
The U.S. Federal Deposit Insurance Corp. proposed stablecoin regulations under the GENIUS Act, focusing on capital and liquidity standards; public comments open for 60 days. #Update #Crypto $USDC
Bitcoin Oversight Gaps Shift Japan Policy
Japan’s FSA signals tougher crypto regulations, focusing on meme coin risks, investor protection, and disclosure. Regulatory changes aim to enhance market integrity amid increasing scrutiny. #Update #Crypto
Polymarket Kalshi Drive $25.7B Prediction Surge
Dune Analytics reports $25.7B March volume, with @Polymarket and @Kalshi leading; CFTC scrutiny as open interest nears $940M. #Update #Crypto
Bitcoin Surges as Japan Amends Crypto Rule
Japan’s FSA adds 30 jurisdictions to its crypto travel rule, enhancing compliance demands for exchanges and stablecoin issuers. #Update #Crypto
Japan Aligns Crypto with Financial Markets
Japan’s Financial Services Agency reclassifies crypto under financial law, enhancing regulation and transparency, signaling mainstream acceptance and market maturity. #Update #Legal
Crypto 401(k) Plans Approved by Labor Department
The U.S. Department of Labor proposed a rule to expand 401(k) investment options, potentially allowing cryptocurrencies and alternative assets, aiming to modernize retirement investing and enhance diversity for American workers. #Update #Legal
Crypto CLARITY Act Threatens DeFi Yield Growth
The Clarity Act’s stablecoin rules may hinder DeFi by banning yield on stablecoin balances, impacting platforms like @Uniswap and @Aave, while benefiting infrastructure players like Circle. #Update #Crypto $UNI $AAVE
Crypto Revolut Gains Full UK Banking License
@Revolut has received a full U.K. banking license, enabling broader services and deposit protection for eligible customers, as it transitions to Revolut Bank UK Ltd. #Update #Crypto $GBP
KuCoin Banned by Dubai Crypto Regulator
@KuCoin is ordered by Dubai’s Virtual Assets Regulatory Authority (VARA) to stop operations due to lack of licensing, following similar actions from Austria’s financial regulator. #Update #Legal $BTC $ETH
Crypto Giant Revolut Files for US Banking License
@Revolut files for a U.S. banking license with the OCC, aiming for direct access to payment networks and potential lending products. This follows Kraken’s recent Federal Reserve master account approval. #Update #Crypto
Senator Warren Rejects World Liberty Bank Delay
@WorldLibertyFinancial’s bank application will proceed without delay despite U.S. Senator Elizabeth Warren’s request for scrutiny over President Trump’s ties, according to Comptroller Jonathan Gould. #Update #Legal