Tag Archives: Crypto payments

This tag is used to collect information on regulatory developments, licensing systems, compliance requirements, and industry practices related to encrypted payments.

Austria's FMA confirms Bybit Payments has obtained an EMI license: forming a dual-entity European pathway with Bybit EU's MiCA authorization.
2026 year 8 month 5 day

On August 4, 2026, the Austrian Federal Financial Markets Authority (FMA) officially confirmed that Bybit Payments GmbH had obtained an Electronic Money Institution (EMI) license, specifying that it can issue electronic money and provide certain payment services. For institutions focusing on entering the European market, the more important assessment is not the imagined functionality, but rather...

Zerohash Raises Valuation Exceeding $15 Billion: The Crypto Infrastructure M&A Landscape Following Mastercard's Acquisition of BVNK
Luxembourg's CSSF has granted Stripe's Bridge dual MiCA and EMI licenses, expanding its stablecoin services to all 27 EU countries.

Stripe's stablecoin platform, Bridge, has obtained an EMI license and MiCA CASP authorization from the Luxembourg CSSF, covering all 27 EU countries. With these licenses, it can now offer virtual IBANs, Euro accounts, and customized stablecoin issuance services, marking a significant step towards a licensed and compliant stablecoin payment infrastructure in Europe.

03
June
Singapore's Travala launches AI-powered USDC hotel booking protocol: Analysis of the MCP protocol and the Base chain's on-chain agent payment compliance framework.
Singapore's Travala launches AI-powered USDC hotel booking protocol: Analysis of the MCP protocol and the Base chain's on-chain agent payment compliance framework.

Singapore-based encrypted travel platform Travela launched the Travel MCP protocol, allowing AI agents to autonomously book 220 million hotels using USDC on Base via Claude Desktop. This article analyzes the compliance design of the x402 protocol and ERC-7715 session keys from the perspective of payment licenses, compares it horizontally with agent payment product matrices such as Fireblocks and MoonPay, and analyzes the coverage blind spots of the PI/EMI/VASP license framework in M2M payment scenarios.

06
June
Four major US banks, including JPMorgan Chase, have partnered with a clearinghouse to launch a tokenized deposit network, scheduled for 2027, aiming to compete with stablecoins using compliant deposit tokens.
Four major US banks, including JPMorgan Chase, have partnered with a clearinghouse to launch a tokenized deposit network, scheduled for 2027, aiming to compete with stablecoins using compliant deposit tokens.

JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and other major U.S. banks are jointly building a tokenized deposit network through a clearinghouse, aiming for a launch in early 2027. This network uses compliant deposit tokens to compete with stablecoins, digitally representing traditional bank deposits on the blockchain while retaining FDIC insurance and existing regulatory frameworks. This article analyzes the strategic shift of banks under the CLARITY Act legislation and its profound impact on licensed institutions.

05
June
Crypto banks tighten cross-border services: Fiat24's compliance logic and licensing landscape regarding the suspension of new account openings for mainland China users.
Crypto banks tighten cross-border services: Fiat24's compliance logic and licensing landscape regarding the suspension of new account openings for mainland China users.

2026年6月5日起，瑞士持牌加密银行Fiat24通过SafePal等渠道全面暂停中国大陆新用户开户。继1月关闭身份证KYC、5月要求税务补录后，这第三轮限制完成了对中国大陆用户的合规闭环。本文梳理升级时间线、用户影响及余下的亚太合规替代通道。

04
June
Swiss crypto bank Fiat24 announces suspension of new account openings for mainland China: Cross-border crypto finance compliance tightens further.
Swiss crypto bank Fiat24 announces suspension of new account openings for mainland China: Cross-border crypto finance compliance tightens further.

Swiss-licensed crypto bank Fiat24 has announced a suspension of new account openings for mainland China starting June 5, 2026, affecting its partner platforms such as SafePal and Bitget Wallet. Fiat24 holds a Swiss FINMA fintech license, and this adjustment reflects a strategic contraction by crypto banking service providers between global compliance and regional market access, directly impacting mainland Chinese users who rely on overseas crypto banking channels.

04
June
Revolut's foray into the US stablecoin banking arena: FDIC insurance, OCC license, and a $3195 billion competitive landscape.
Revolut's foray into the US stablecoin banking arena: FDIC insurance, OCC license, and a $3195 billion competitive landscape.

The global stablecoin market has surpassed $3195 billion. Revolut has submitted an application to the OCC for a U.S. national banking license, planning to launch a mixed-business banking platform integrating FDIC-insured accounts and stablecoin services in 2027. With institutions such as SoFi, Falcon Finance, and MoneyGram entering the market, the U.S. banking + stablecoin mixed-business model has moved from a phase of preliminary experimentation to a period of accelerated competition.

04
June
Stripe, Visa, and Mastercard have joined forces to create a stablecoin payment platform; Coinbase may also join.
Stripe, Visa, and Mastercard have joined forces to create a stablecoin payment platform; Coinbase may also join.

According to an exclusive report by CoinDesk, payment giants Stripe, Visa, and Mastercard are jointly building a new stablecoin payment platform, with Coinbase evaluating joining as well. If the platform is launched, the payment giants' existing global merchant networks and compliance infrastructure will pose a structural challenge to the Tether/Circle duopoly.

04
June
Mastercard expands stablecoin credit card settlement: Six stablecoins including USDC and RLUSD are available on five public blockchains.
Mastercard expands stablecoin credit card settlement: Six stablecoins including USDC and RLUSD are available on five public blockchains.

Mastercard has officially expanded stablecoin settlement to six regulated stablecoins, including USDC and RLUSD, and supports five blockchains, including Ethereum and Solana, enabling 24/7 credit card transaction settlement. Initially covering the United States and Latin America, it is supported by five regulated financial institutions, including CBW Bank and Cross River, marking the transformation of compliant stablecoins from trading assets to mainstream payment infrastructure.

04
June
The United States, Canada, and the European Union: Compliance Pathways and Licensing Cooperation Models for the Movement Stablecoin Payment Gateway
The United States, Canada, and the European Union: Compliance Pathways and Licensing Cooperation Models for the Movement Stablecoin Payment Gateway

In June 2026, Movement announced that it had obtained access to payment channels in the United States, Canada, and the European Union. However, it does not hold MSB, MTL, or EMI licenses itself. Its compliance path is achieved indirectly through cooperation with licensed remittance institutions and electronic money institutions. This article analyzes the compliance structure of the indirect licensing cooperation model, the differences in the licensing systems of the three regions, and its reference significance for payment institutions in the Asia-Pacific region.

03
June
Mastercard Introduces Regulated Stablecoin On-Chain Settlement: 24/7 Compliance Upgrade of Global Payment Network and Reference to Asia-Pacific Licenses
Mastercard Introduces Regulated Stablecoin On-Chain Settlement: 24/7 Compliance Upgrade of Global Payment Network and Reference to Asia-Pacific Licenses

On June 3, 2026, Mastercard announced the expansion of its settlement network, adding intraday, weekend, and holiday settlement capabilities. It also introduced on-chain settlement tracks for six regulated USD stablecoins (covering eight blockchains) for the first time, initially launching in the US and Latin America, with five licensed institutions, including Cross River and Lead Bank, joining first. This move signifies that the global payment network giant is transforming stablecoins from crypto transaction tools into a mainstream payment infrastructure layer, providing a key compliance reference for licensed payment institutions in the Asia-Pacific region.

03
June
The UK House of Lords warned the BoE that a 40% non-interest-bearing reserve requirement and a holding cap could make the pound-denominated stablecoin uncompetitive globally.
The UK House of Lords warned the BoE that a 40% non-interest-bearing reserve requirement and a holding cap could make the pound-denominated stablecoin uncompetitive globally.

On June 2, 2026, the UK House of Lords Financial Services Regulatory Committee published a report entitled "Stablecoins: Awaiting Regulation," specifically criticizing BoE's three proposals as overly stringent—40% non-yielding central bank deposits, a temporary holding cap, and an interest rate ban. The report warned that the UK is lagging behind the US and Europe in stablecoin regulation and urged a readjustment of the controversial measures to prevent pound-denominated stablecoins from being "regulated to the point of becoming irrelevant."

03
June
South African High Court rules BTC constitutes both "capital" and "money"—cross-border transfers of crypto assets must be approved by the South African Treasury.
South African High Court rules BTC constitutes both "capital" and "money"—cross-border transfers of crypto assets must be approved by the South African Treasury.

On June 1, 2026, the Gauteng High Court in South Africa ruled that Bitcoin constitutes both "capital" and "money" under the 1961 Foreign Exchange Control Regulations, marking the first time that the cross-border flow of decentralized crypto assets has been included in South Africa's foreign exchange control system. Presiding Judge Stuart Wilson rejected the argument that "Bitcoin's decentralization means it is unregulated," explicitly defining the transfer of BTC to overseas exchange wallets as a capital outflow requiring approval from the Treasury, with violators facing SARB asset confiscation.

03
June
The Bank of England released its final rules on systemic stablecoins in late June: Controversy over holding caps and their impact on issuer compliance.
The Bank of England released its final rules on systemic stablecoins in late June: Controversy over holding caps and their impact on issuer compliance.

The Bank of England has confirmed that it will release a final draft of its policy and rules on systemic stablecoins in late June 2026. The House of Lords Financial Services Supervision Committee has pressured for relaxed holding limits and requirements for interest-free deposits. The final rules will clarify the full set of compliance obligations for systemic stablecoin issuers in terms of capital, liquidity, redemption, and governance, forming a two-pillar framework with the FCA's consumer protection policies, and directly impacting the licensing strategies of institutions planning to issue sterling stablecoins.

03
June
Coinbase invests in ProShares IQMM stablecoin reserve ETF: GENIUS Act compliance path and the game of profit rights.
Coinbase invests in ProShares IQMM stablecoin reserve ETF: GENIUS Act compliance path and the game of profit rights.

Coinbase has strategically invested in ProShares' first GENIUS Act-compliant stablecoin reserve ETF (IQMM), betting on a shift in stablecoin reserve management from proprietary trading to ETF-based models. The CLARITY Act's yield provisions have drawn strong opposition from the banking industry, with JPMorgan CEO Jamie Dimon...

03
June
Movement obtains payment gateway licenses in the US, Canada, and Europe – An analysis of the "indirect compliance through partner licenses" paradigm.
Movement obtains payment gateway licenses in the US, Canada, and Europe – An analysis of the "indirect compliance through partner licenses" paradigm.

Key Summary: On June 2, 2026, Movement announced that it had obtained access to payment gateways in the United States, Canada, and the European Union.

03
June
New Compliance Tool for Stablecoin Reserves Under the US GENIUS Act: Coinbase Invests in ProShares IQMM Money Market ETF
New Compliance Tool for Stablecoin Reserves Under the US GENIUS Act: Coinbase Invests in ProShares IQMM Money Market ETF

On June 2, 2026, Coinbase announced its investment in ProShares' GENIUS Money Market ETF (IQMM), one of the first money market ETFs designed under the GENIUS Act specifically for stablecoin reserves. IQMM's underlying assets consist of short-term U.S. Treasury securities with maturities of 93 days or less and cash equivalents, precisely meeting the legal requirement of Section 4 of the GENIUS Act for stablecoin reserves to be fully backed by high-quality, highly liquid assets on a 1:1 basis. This provides a compliant reserve management paradigm that can be referenced by licensed payment institutions in the Asia-Pacific region.

02
June
Bitcoin remittances rebound in El Salvador: 44% growth in crypto remittances in the first four months of 2026 – implications for licensing compliance.
Bitcoin remittances rebound in El Salvador: 44% growth in crypto remittances in the first four months of 2026 – implications for licensing compliance.

萨尔瓦多央行数据显示2026年1-4月加密汇款达2310万美元同比增长44.3%，扭转2025全年下跌趋势。加密渠道为所有跨境转账方式中增速最快，但占比仅0.70%。本文解析数据趋势、比特币法合规框架及拉美加密Payment牌照格局的启示。

02
June
US cross-border payment giant MoneyGram launches MGUSD, a stablecoin for the US dollar: debuting on the Stellar blockchain and compliant with the GENIUS legislation framework.
US cross-border payment giant MoneyGram launches MGUSD, a stablecoin for the US dollar: debuting on the Stellar blockchain and compliant with the GENIUS legislation framework.

MoneyGram launched its native USD stablecoin, MGUSD, with Stripe's Bridge as the regulated issuer, its initial offering on the Stellar blockchain, and Fireblocks custody. Bridge has received preliminary approval for its OCC trust license and is GENIUS Act-ready, marking a significant shift towards stablecoin infrastructure for traditional payment institutions and setting a precedent for compliance architectures of licensed payment institutions in the Asia-Pacific region.

02
June
Divergent Paths in Stablecoin Regulation Between the US and UK Banks: Federal Reserve Governors Support Payment Innovation, Bank of England Predicts Tokenized Deposits Will Replace Stablecoins Within Five Years
Divergent Paths in Stablecoin Regulation Between the US and UK Banks: Federal Reserve Governors Support Payment Innovation, Bank of England Predicts Tokenized Deposits Will Replace Stablecoins Within Five Years

At the 2026 Dubrovnik Economic Conference, Federal Reserve Governor Waller and Bank of England Governor Greene had a major disagreement regarding the future of stablecoins: Waller viewed stablecoins as innovative payment tools and believed that dollar-denominated stablecoins could expand the global influence of US monetary policy, while Greene used the tortoise and hare analogy to predict that tokenized deposits would replace stablecoins within five years. Meanwhile, the legislative progress of the Clarity Act and the uncertainty surrounding the midterm elections provide compliance strategy references for licensed institutions worldwide.

01
June

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