Tag: Crypto

US Regulator Clears Banks to Act as Crypto Intermediaries in Riskless Transactions

Key Notes Banks can now execute simultaneous crypto buy-sell transactions with minimal balance sheet exposure under new OCC guidance. The policy shift follows earlier moves by FDIC and Federal Reserve to normalize crypto oversight within standard banking supervision. Trump administration backs expanded bank participation in digital assets while critics warn of potential systemic risk transmission. A US national bank regulator has confirmed that banks can act as intermediaries in “riskless principal” crypto transactions, positioning them closer to broker-style roles in the digital asset market. In these deals, a bank buys…

OCC Clarifies US Banks Can Intermediate Riskless Crypto Trades

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The US Office of the Comptroller of the Currency has affirmed that national banks can intermediate cryptocurrency trades as riskless principals without holding the assets on their balance sheets, a move that brings traditional banks a step closer to offering regulated crypto brokerage services. In an interpretive letter released on Tuesday, the regulator said banks may act as principals in a crypto trade with one customer while simultaneously entering an offsetting trade with another, a structure that mirrors riskless principal activity in traditional markets.  “Several applicants have discussed how conducting…

UK Crypto Lobbying Group Joins Digital Chamber as an Affiliate

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CryptoUK, a UK-based cryptocurrency trade association, has announced that it will join The Digital Chamber, a US crypto policy advocacy group, potentially marking a significant cross-collaboration on digital asset regulation between the two countries. In a Tuesday notice, CryptoUK said its team would fall under The Digital Chamber’s umbrella as part of a “unified, cross-border advocacy platform.” Both groups have worked in their respective countries to promote policies favoring the cryptocurrency and blockchain industry, starting with The Digital Chamber in 2014 and CryptoUK in 2018. “CryptoUK has always aspired to…

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The Fed Just Set the Stage for a Major Crypto Market Rally in 2026

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Hong Kong Consults on Data Sharing to Curb Crypto Tax Dodgers

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Hong Kong has launched a public consultation on how to implement the international Crypto-Asset Reporting Framework, or CARF, as it moves to bring crypto tax data sharing in line with global standards. According to a Tuesday news release, Hong Kong is seeking input on both the implementation of CARF and changes to tax reporting standards. The announcement explicitly ties the move to the local administration’s efforts to fight cross-border tax evasion. The move constitutes standardization rather than a change of direction by the local government. As the announcement points out,…

Bloomberg Intelligence MASSIVE WARNING: “Bitcoin Is Done”

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Japan Moves to Mandate Liability Reserves for Crypto Exchanges

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Introduction of stricter rules for crypto exchanges in Japan Japan is in the process of introducing significant changes to cryptocurrency regulation following renewed attention to Mt. Gox-related repayment activity in 2024. The Financial Services Agency (FSA) plans to introduce new rules requiring cryptocurrency exchanges to maintain special “liability reserves” to protect customers if their assets are lost due to hacks or unauthorized transfers. The measures aim to bring the cryptocurrency sector closer to the strict standards applied to traditional financial institutions in Japan, one of the world’s most heavily regulated…

Hong Kong Opens Public Consultation on Crypto Tax Rules

Key Notes Hong Kong begins public consultation on adopting OECD’s CARF and updating CRS. Automatic cross-border crypto tax reporting planned for 2028. New rules arrive as Hong Kong’s regulated crypto sector accelerates growth. The Hong Kong government has opened a public consultation on adopting the OECD’s Crypto-Asset Reporting Framework (CARF) and updating the long-standing Common Reporting Standard (CRS). This comes as the city aims to integrate cryptocurrencies into global tax-transparency systems and cross-border financial reporting. Officials say the initiative would introduce automatic exchange of crypto-related tax data between Hong Kong…

HashKey Launches IPO To Expand Hong Kong Crypto Empire

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HashKey Group, operator of one of Hong Kong’s licensed crypto exchanges, has opened subscriptions for its initial public offering (IPO) ahead of an expected listing next week. HashKey is seeking to raise up to 1.67 billion Hong Kong dollars ($214.7 million) in an IPO that is scheduled to debut on Dec. 17, according to a prospectus filed with the Hong Kong Stock Exchange (HKEX) on Tuesday. The company is offering 240.6 million shares at $0.76–$0.89 each, which would bring HashKey’s valuation to $2.46 billion at the top of the range.…