Tag Archives: crypto trading

Compliance updates in the cryptocurrency trading market, covering exchange regulation, market maker rules, and cross-border transaction compliance.

Illinois' 0.2% digital asset tax law faces lawsuit: BA and CCI challenge constitutionality and due process.
Illinois' 0.2% digital asset tax law faces lawsuit: BA and CCI challenge constitutionality and due process.

Illinois' Digital Asset Tax Act proposes a 0.2% tax on digital asset-related business activities, effective January 1, 2027. The Blockchain Association and the Crypto Innovation Council filed a lawsuit on August 21, 2026, arguing that the law violates the U.S. Constitution.

25
June
Coinbase in the US launches tokenized stocks: the B20 standard, Chainlink oracles, and 24/7 on-chain trading.
Coinbase in the US launches tokenized stocks: the B20 standard, Chainlink oracles, and 24/7 on-chain trading.

Coinbase launched tokenized shares on Base in August 2026, using the B20 standard. The underlying US shares are held in 1:1 custody by Alpaca under a bankruptcy-remote structure. The product is only available to qualified non-US users and supports 24/7 operation.

25
June
Ondo abandons self-built blockchain and returns to Ethereum settlement: RWA exchange platform implements off-chain execution, on-chain settlement, and FINRA compliance path.
Ondo abandons self-built blockchain and returns to Ethereum settlement: RWA exchange platform implements off-chain execution, on-chain settlement, and FINRA compliance path.

Ondo Finance launched Ondo Network on July 27, 2026, abandoning its original Layer 1 public chain, Ondo Chain, and moving execution to an off-chain trusted execution environment while settlement remains on Ethereum. Its SEC-registered broker, Oasis Pro, is authorized by FINRA to support the US tokenized securities compliance path, but Ondo Perps is not currently open to US investors.

24
June
Global | OKX CEO says tokenized stocks have become the platform's second largest liquidity market
Global | OKX CEO says tokenized stocks have become the platform's second largest liquidity market

OKX CEO Star stated that tokenized stocks and perpetual stock contracts have become the second largest source of liquidity for its users in Europe, Asia Pacific, and other international markets outside the United States. With ICE (the parent company of the NYSE) making a strategic investment in OKX, NYSE tokenized stocks and futures are expected to be integrated into approximately 1.2 million of its accounts, making the cross-border compliance path for tokenized securities a key focus for institutional investors.

22
June
US | Crypto Market Regulatory Framework Accelerates: SEC Pushes for Regulation of Crypto Assets, Trump Pushes for Hyperliquid's Compliance in the US
US | Crypto Market Regulatory Framework Accelerates: SEC Pushes for Regulation of Crypto Assets, Trump Pushes for Hyperliquid's Compliance in the US

US crypto regulation accelerated its shift towards rulemaking and onshore regulation in August 2026: the SEC proposed issuance exemptions and safe harbors for Regulation Crypto Assets, the CFTC promoted market structure rules, Trump pushed for Hyperliquid's compliance and entry into the US, and Kraken leveraged MiFID.

22
June
Illinois, USA: Crypto Industry Alliance Sues Digital Asset Transaction Tax Bill
Illinois, USA: Crypto Industry Alliance Sues Digital Asset Transaction Tax Bill

Following the lawsuit filed by the Digital Chamber of Commerce in July, the Crypto Innovation Council (CCI) and the Blockchain Association have again filed a lawsuit in Sangamon County, Illinois, seeking to block the state's 0.2% digital asset transaction tax bill from taking effect, arguing that it violates the U.S. Constitution, state constitutions, and the Internet Tax Freedom Act. The tax was originally scheduled to take effect on January 1, 2027, and HB 5798 proposes its complete repeal.

22
June
Illinois' digital asset transaction tax faces industry-led lawsuit: 0.2% sparks controversy over blockchain tax compliance.
Illinois' digital asset transaction tax faces industry-led lawsuit: 0.2% sparks controversy over blockchain tax compliance.

Illinois' Digital Asset Tax Act imposes a 0.2% transaction tax on brokers' digital asset transactions involving state clients, effective January 2027. The Chamber of Digital Commerce filed a lawsuit in July 2026, arguing that the law violates the state and federal constitutions and the Internet Freedom Act. This article outlines the core provisions of the tax law, six allegations in the lawsuit, and its compliance impact on interstate crypto brokers.

22
June
WLFI in the US launches USD1-denominated RWA perpetual contracts: Analysis of the compliance path for stablecoin issuer licenses.
WLFI in the US launches USD1-denominated RWA perpetual contracts: Analysis of the compliance path for stablecoin issuer licenses.

World Liberty Financial (WLFI) launched its first batch of RWA tokens priced at USD1 on Aster DEX on August 20, 2026.

21
June
US | Standard Chartered Bullish on Bitcoin to Reach $10 by Year-End: Analysis of US Treasury Buyback Expansion and Crypto Compliance Environment
US | Standard Chartered Bullish on Bitcoin to Reach $10 by Year-End: Analysis of US Treasury Buyback Expansion and Crypto Compliance Environment

Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, maintained his year-end 2026 target price of $10 for Bitcoin, citing the US Treasury's increase in the cap on long-term Treasury bond repurchases from $20 billion to at least $40 billion. This liquidity environment will have a marginal impact on the funding costs of licensed stablecoin issuers and custodians, but will not change their hard compliance obligations such as capital, reserves, and anti-money laundering.

20
June
Grayscale Zcash Trust, registered with the U.S. Securities and Exchange Commission (SEC), has filed its fourth amendment to its registration statement, intending to list on the NYSE Arca under the name ZCSH.
Grayscale Zcash Trust, registered with the U.S. Securities and Exchange Commission (SEC), has filed its fourth amendment to its registration statement, intending to list on the NYSE Arca under the name ZCSH.

Grayscale has filed its fourth amendment to the registration statement for the Grayscale Zcash Trust with the SEC, proposing a listing on the NYSE Arca under the name ZCSH. A DCG subsidiary plans to list approximately 20 ZEC tokens.

20
June
Nexo Australia launches regulated crypto-backed lending: a compliance path under credit representative qualifications
Nexo Australia launches regulated crypto-backed lending: a compliance path under credit representative qualifications

Following its registration as a credit representative under Australia's National Consumer Credit Protection Act, Nexo Australia has launched a regulated crypto-collateralized credit facility, allowing eligible customers to borrow Australian dollars or stablecoins using cryptocurrency as collateral at annualized interest rates ranging from 0.9% to 21.9%. Nexo is registered as a VASP with AUSTRAC and has joined the AFCA, providing a benchmark for the recovery of regulated crypto lending in Australia.

19
June
Singapore International Commercial Court freezes 780 BTC and 81.67 USDC mistakenly transferred: Implications for crypto platform ledger compliance.
Singapore International Commercial Court freezes 780 BTC and 81.67 USDC mistakenly transferred: Implications for crypto platform ledger compliance.

On March 26, 2026, the Singapore International Commercial Court (SICC) issued a temporary property injunction, freezing approximately S$75 million (approximately US$58 million) worth of 780 BTC.

19
June
A Look Inside Vietnam's Crypto Asset Trading License Pilot Program: 10 Trillion Vietnamese Dong Paid-in Capital and Total Control of 5 Entities
A Look Inside Vietnam's Crypto Asset Trading License Pilot Program: 10 Trillion Vietnamese Dong Paid-in Capital and Total Control of 5 Entities

Vietnam is launching a five-year pilot program for a cryptocurrency trading market in accordance with Resolution 05/2025/NQ-CP, with the first batch of platforms expected to launch as early as the third quarter of 2026. The total number of licenses is capped at five, with a minimum paid-in registered capital of 10 trillion VND (approximately US$380 million). Institutional shareholders must hold at least 65% of the shares, foreign ownership is capped at 49%, and information systems must meet Level 4 standards.

19
June
South Korea bans Polymarket prediction market: KCSC determines crypto prediction platforms constitute illegal gambling.
South Korea bans Polymarket prediction market: KCSC determines crypto prediction platforms constitute illegal gambling.

On August 18, 2026, the Korea Communications Standards Commission (KCSC) voted to block access to the prediction market platform Polymarket within Korea, determining that its "winner-take-all" event contracts constituted illegal gambling under the Criminal Code. This article summarizes the voting measures, the legal characterization, the key points of the platform's rejection of its decentralized defense, and compares the blocking trends in more than 30 jurisdictions, including France and Australia.

18
June
Paraguay's DNIT introduces new crypto tax reporting rules: Transactions exceeding $5,000 per year must be reported via on-chain information (Resolution 47/26).
Paraguay DNIT Resolution 47/2026: Verified Boundaries of Crypto Asset Transaction Information Reporting

DNIT has announced Resolution 47/2026, which requires local platform managers and individuals or entities with annual crypto transaction volumes exceeding $5,000 to provide transaction information. Specific fields and timing for reporting shall be subject to the text of the resolution and DNIT rules.

18
June
Tokenized Stocks Reach $28 Billion in Market Cap: An Analysis of the Global Compliance and Licensing Landscape
Tokenized Equity Compliance Verification: Market data, product rights, and licensing conclusions must be verified separately.

Without issuance documents, product terms, holding rights, and applicable rules, figures or labels in market reports should not be presented as definitive licensing conclusions.

18
June
Proposed Rules for Stablecoin Sales under the US GENIUS Act: An Interpretation of the Framework for Licensing Payment Stablecoin Issuers
Proposed Rules for Stablecoin Sales under the US GENIUS Act: An Interpretation of the Framework for Licensing Payment Stablecoin Issuers

美国财政部2026年8月17日发布GENIUS法案第3条拟议规则，界定Payment稳定币在美发行与销售边界：2027年1月18日起发行人须持联邦或州牌照，2028年7月18日起平台不得向美国客户出售非获许可发行人稳定币，外国发行人须满足对等合规安排。意见征询截止2026年10月19日。

18
June
The US SEC's Crypto Fundraising Framework meeting was abruptly canceled: Wall Street's SIFMA legal threats and the Clarity Act battle.
Discussion on US Crypto Fundraising Rules: SIFMA Public Opinions and Media Reports Must Be Verified Separately

Publicly disclosing industry opinions can demonstrate a position, but it cannot prove the current decisions of regulatory authorities, the White House, or market participants, or establish causal relationships.

18
June
The Central Bank of Russia plans to include digital currencies in the capital adequacy ratio calculation for securities firms and asset management institutions: a 25% cap, exchange access requirements, and digital custody requirements.
The Central Bank of Russia plans to include digital currencies in the capital adequacy ratio calculation for securities firms and asset management institutions: a 25% cap, exchange access requirements, and digital custody requirements.

俄罗斯央行2026年8月14日发布草案，拟将数字货币纳入券商、资管公司、外汇交易商及加密兑换商的自有资金与资本充足率计算，合格资产须由俄数字存管机构托管且占比不超25%，征询期至8月29日，属9月1日生效加密市场框架法配套细则。

17
June
Ireland plans to introduce anti-money laundering industry standards for crypto assets to strictly control private wallet transfers and cross-border funds.
Ireland plans to introduce anti-money laundering industry standards for crypto assets to strictly control private wallet transfers and cross-border funds.

The Irish government has released its first national anti-money laundering strategy, listing crypto assets as a key target for prevention and control. This includes requiring the CASP to strengthen verification of private wallet transfers, conducting rigorous due diligence on overseas crypto companies, and tasking the Gambling Regulatory Authority with developing industry standards for crypto funds. Supporting legislation is the MiCA (Military Asset Management Act) and a mutual assessment with the FATF (Financial Action Task Force) in 2028.

15
June

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