Payment License Archives - Aiying License & Compliance

US | OCC Accelerates Implementation of GENIUS Act Stablecoin Rules: Impact of November Finalization on Payment Stablecoin Issuance Licenses

US OCC Commissioner Gould stated that the implementation details of the GENIUS Act for stablecoins will be finalized by November 2026. Once the rules are finalized, processing of license applications from stablecoin issuers can begin within the new year. The GENIUS Act was passed in 2025.

20
June

Visa is recruiting licensed stablecoin settlement partners: Crypto licenses in the US, Canada, UK, and Singapore are becoming a strict requirement.

Visa is seeking a new stablecoin settlement and OTC partner through an RFP to replace BVNK, which was acquired by Mastercard. Candidates must hold cryptocurrency exchange licenses in the US, Canada, the UK, and Singapore, and support OpenUSD stablecoin settlement. This vacancy creates an entry window for licensed infrastructure providers across jurisdictions.

19
June

The U.S. Treasury Department is seeking public comment on the GENIUS Act stablecoin rules: a 60-day window and a 2027 effective date.

On August 17, 2026, the U.S. Treasury Department issued a notice of proposed rulemaking, soliciting public comments on Section 3 of the GENIUS Act. Comments could be submitted within 60 days of publication in the Federal Register. The bill is expected to be finalized in 2027.

18
June

The global crypto card market has over 250 participants: payment institution licenses and stablecoin compliance landscape.

The global crypto card market has attracted over 250 participants, with monthly transaction volume reaching approximately $7.59 million in July 2026. Stablecoins USDC and USDT together account for over 7% of this. Card issuance infrastructure is highly concentrated in a few institutions such as Rain, and in the United States...

17
June

Crypto payment adoption rate in the Eurozone is only 0.2%: An ECB survey reveals the MiCA CASP licensing landscape and the compliance situation for the digital euro.

The European Central Bank's 2026 survey on corporate cash usage shows that only 0.2% of online merchants in the Eurozone accept crypto-asset payments, with bank cards and bank transfers remaining the mainstream methods. The ECB has explicitly stated it will not formulate payment regulatory rules; compliance for crypto payments rests on the MiCA (CASP Authorization) and PSD payment institution frameworks. While merchant adoption has stalled, the development of the digital euro is proceeding in parallel, with licensing becoming the only regulatory pathway.

15
June

Putin signs Law 282-FZ on Digital Currency and Digital Rights: Russia's crypto market moves towards formal legislation, details still await clarification from the central bank.

Russia has officially published Law 282-FZ, "Digital Currency and Digital Rights," a fact confirmed by official gazettes and Duma bills. What truly warrants caution is that the licensing categories, capital thresholds, retail limits, and lists of tradable tokens circulating in the market cannot all be directly verified through this official source. Therefore, a more prudent assessment is that the Russian cryptocurrency market has entered the formal legislative phase, but specific implementation details still await further clarification from the central bank and supporting documents.

05
June

The US and UK Treasury issued a joint statement on stablecoins: the implementation of the GENIUS Act and the alignment of UK regulations have entered a bilateral phase.

The latest joint statement from the US-UK Financial Regulatory Task Force confirms that both countries have included stablecoins, tokenization, and the modernization of cross-border payments on their ongoing collaborative agenda, citing a concurrently released joint statement on stablecoins. For licensed institutions preparing to engage in cross-border payments, reserve custody, or stablecoin businesses, the real focus should not be on slogans, but on whether 1:1 reserves, protection of holder rights, and bilateral market access pathways are beginning to align.

05
June

The Bank of Italy's test: Cross-border remittance costs for stablecoins can reach up to 9%—Compliance implications for EMI/PI licensed institutions under the MiCA and GENIUS Act framework.

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03
June

Fun CEO predicts the disappearance of on-ramp crypto payments and cross-chain bridges: Global licensing and compliance trends in B2B payment infrastructure.

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03
June

A Complete Guide to Singapore's MAS 2026 Crypto Licensing: PSA Payment Services Act SPI/MPI Application Requirements, Cost Budgeting, and a Comprehensive Overview of Compliance Upgrades by 2027

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03
June

Global encrypted payment card transaction volume reached $43 billion in the first half of 2026: A panoramic view of EMI/PI/MSB licenses across multiple jurisdictions and compliance implications for licensed institutions.

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02
June

Texas will lead the nation in cryptocurrency ATM fraud losses to $5680 million in 2025: FBI IC3 data reveals compliance warnings for MSB licensees.

美国FBI IC3 2025年加密自助终端诈骗专项数据显示，全美相关投诉13,460起、损失3.89亿美元，同比分别增长23%和58%。得克萨斯州以1,179起投诉、5,680万美元损失居全美首位。三州已全面禁止加密ATM，得州议员正推动全州禁令。对持有MSB注册及州级货币传输牌照的运营商而言，合规基线正从形式注册向实质消费者保护升级。

31
June

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30
June

MoonPay launches PayBox AI Payment Vault: Licensed payment institution deploys ChatGPT/Claude's agency payment compliance framework.

On July 29th, MoonPay launched PayBox—the first non-custodial AI payment vault for ChatGPT and Claude. The product is built on MoonPay's global licenses: MTL in 47 US states + NY BitLicense, MiCA CASP in the EU, and FCA registration in the UK, employing MPC+TEE sharded key management and the x402 open payment standard. This marks the official entry of licensed payment institutions into the AI agent payment arena, but cutting-edge regulatory issues such as KYC attribution and the legal validity of agent authorization remain to be clarified.

30
June

A five-year retrospective of El Salvador's Bitcoin law: Crypto remittances account for less than 1%, and the implications of payment licenses in fiat currency experiments.

萨尔瓦多比特币法实施五年后，2026上半年加密汇款仅占总汇款0.7%（$3,540万/$50.6亿）。IMF 14亿美元贷款迫使其取消比特币强制法定货币地位。政府仍持有7,677枚BTC。本文从全球Payment牌照视角分析该实验的合规启示与可复制性。

26
June

Cumberland, a subsidiary of Chicago-based DRW, has obtained a full MPI license from Singapore's MAS: Institutional-grade crypto market makers enter the regulated Asia-Pacific financial infrastructure system.

Cumberland, a crypto market maker under Chicago-based DRW, has been granted a full-fledged Large Payment Institution (MPI) license by Singapore's MAS, covering both digital payment tokens (DPTs) and cross-border remittance services. This license, granted in principle in March 2026 and subject to several months of regulatory review, adds Cumberland to the ranks of 37 licensed crypto companies in Singapore, including BitGo, Coinbase, and OKX. Singapore has demonstrated a strong enforcement stance in issuing these licenses—Bsquared Technology's license was revoked, and Bybit was placed on an investor alert list.

23
June

The Bank of England has released its final regulatory framework for systemically important stablecoins: removing limits on individual holdings, setting a £400 billion issuance cap, and requiring compliant operation by 2027.

On June 22, 2026, the Bank of England released its final policy statement on systemically important stablecoins, removing the £20,000 holding limit for individuals and the £10 million limit for businesses, and setting a new total issuance cap of £40 billion for each stablecoin. The proportion of Chinese government bonds in its reserve assets will increase from 60% to 70%. The FCA will simultaneously operate a stablecoin sandbox (including Revolut, etc.), with the framework expected to be finalized by the end of 2026. Regulated sterling stablecoins are expected to be operational as early as 2027.

23
June

Bolivia is considering incorporating USDT into its national payment system: a dollar shortage is driving a 630% increase in crypto transactions, with the FATF grey list becoming the biggest compliance variable.

Bolivia's Minister of Economy announced that a technical assessment will formally include USDT in the national payment system, driven by a dollar shortage that has fueled a 630% surge in cryptocurrency transactions in one year. Bolivia remains on the FATF grey list, and strict AML/CFT control measures are required for its formal implementation.

23
June

JCB Japan and Circle sign a memorandum of understanding for USDC stablecoin payment cooperation: 1.4 million user card networks will be connected to on-chain settlement.

JCB, Japan's largest card network, signed an MOU with Circle to explore cross-border fund transfers and merchant payment scenarios based on USDC. With 1.75 million cardholders and 7100 million merchants, this collaboration marks the first time a traditional card organization has systematically tested a compliant USD stablecoin as a payment settlement infrastructure.

22
June

HKDAP, Hong Kong's first licensed stablecoin, will be launched at the end of the month: A complete analysis of Dingdian Financial's compliance path from sandbox to issuance.

渣打系碇点金融科技最快于2026年7月底推出获香港金管局首批批准的港元稳定币HKDAP，成为香港合规稳定币市场的首个落地产品。本文从沙盒验证、持牌审批、B2B2C发行机制、四大应用场景及Cap.656监管框架五大维度，系统解析香港稳定币发牌制度的合规路径与双持牌机构差异化定位。

22
June