Regulation

Kraken parent Payward to become first crypto firm to buy a EU bank as it expands into deposits, lending
Payward agreed to buy Lithuania’s Saldo Bank, which holds $190 million in total assets, securing an EU license for deposits and lending.

Dutch central bank grants Qivalis e-money license for MiCA-compliant euro token
Backed by BBVA, BNP Paribas, and ING, Qivalis secured Dutch regulatory authorization to offer onchain euro settlement infrastructure.

Largest Philippines crypto exchange, Coins.ph, said to face central bank regulatory action
The exchange, which has over 18 million customers, is said to have handled business transactions involving restricted offshore gaming and gambling companies.

South Korea blocks 27 crypto exchanges, including Bitmart and Kucoin
The country’s regulators are stepping up their earlier restrictions on mobile apps to websites, targeting unregistered exchanges before investors report losses.

Clarity's failure could speed crypto innovation while shielding incumbents
Executives see openings for tokenization, DeFi and dealmaking, while lawyers warn agency action leaves spot-market oversight and lasting certainty unresolved.

U.S. CFTC moves to fold event contracts into swaps regulations as legal fight rages
The derivatives regulator is proposing a formal rule to include certain contracts traded on platforms like Kalshi's as swaps that require the agency's oversight.

Top Democrat among Senate investigators probes ties between Cantor Fitzgerald, Tether
As Democrats steadily rise in their potential to take back a Senate majority, Senator Richard Blumenthal is digging into Tether's U.S. financial partnership.

NFL joins pushback against prediction markets as U.S. Supreme Court asked to act
In opposition to federal oversight of the prediction markets, the National Football League has sided with states, Gary Gensler and one of the authors of the relevant law.

EU securities regulator gives crypto platforms 3 months to remove unauthorized stablecoins
ESMA said authorized platforms must block new access to stablecoins that fail to meet MiCA rules, while national authorities oversee existing customer holdings.

U.S. CFTC joins SEC in proposing crypto regulations, though spot-market gap lingers
The derivatives regulator is proposing two rules meant to cover the waterfront of crypto activity and exchanges, as long as it's not simple, direct trading.
