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Stablecoins Move Into the Mainstream: What Institutions Expect Next
As policymakers continue to shape their stablecoin plans, Finance Magnates London Summit panellists give a preview of their discussion on financial services use cases and outline some of the challenges to broader retail adoption.
The panel on “
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Japan Plans 20% Crypto Tax, Reclassifies Digital Assets as Financial Products
Japan’s Financial Services Agency is preparing a sweeping overhaul of the country’s crypto rules, the one that pairs a major tax cut with a dramatic expansion of regulatory oversight, local media outlet reports.
Tax Cuts in Exhange for Oversight
Under the proposal, the tax rate on crypto gains would drop from as high as 55% to a flat 20%, aligning digital assets with the tax
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Institutions in Asia Can Now Trade Crypto Perpetual Futures on SGX’s Cleared Exchange
Singapore Exchange has launched Bitcoin and Ethereum perpetual futures through its SGX Derivatives unit. The contracts, set to start trading next week, offer continuous, no-expiry exposure to digital assets while operating within a regulated, exchange-cleared framework. The move aims to bring institutional-grade standards of clearing and margining to crypto derivatives in Asia.
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US Regulator Signals Guidance on Stablecoins, Tokenized Deposit Insurance
The Federal Deposit Insurance Corporation is considering guidance for tokenized deposit insurance. The agency also plans to introduce an application process for stablecoins by the end of this year.
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33% of UK Crypto Holders Invest for Retirement, 18% for House Deposits, IG Survey
UK crypto investors are more focused on long-term wealth than short-term gains, according to research from trading platform IG.
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Coinbase Heads to Texas, Leaving Delaware’s Legal Risks Behind
Coinbase, the largest publicly traded cryptocurrency exchange in the U.S., is moving its legal base from Delaware to Texas. The company said the shift is driven by Texas’ more business-friendly environment, lower operating costs, and growing regulatory clarity for innovative companies.
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JPMorgan Launches Deposit Token JPM Coin for Institutional Clients
JPMorgan Chase has started to roll out JPM Coin, a deposit token that represents a claim on existing customer deposits, to its institutional clients. The token will be circulated under the ticker JPMD.
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ClearToken Gets FCA Nod to Launch Regulated Crypto Settlement Platform
ClearToken has received approval from the UK Financial Conduct Authority (FCA) to launch a regulated settlement system for digital assets, marking a significant step in Britain’s effort to integrate crypto into traditional financial frameworks.
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IOSCO Highlights Spill-Over Risks as Tokenized Assets Reach Mainstream Finance
Crypto tokens tied to traditional financial assets could present new risks for investors, the global securities regulator IOSCO said today (Tuesday). The regulator highlighted concerns as the finance industry remains divided over the merits of “tokenization.”
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UK Court Hands Nearly 12-Year Sentence in Massive £5B Bitcoin Case: Report
A woman who evaded authorities for nearly five years while amassing one of the largest cryptocurrency fortunes ever seized in the UK was sentenced to more than 11 years in prison.
According to the Crown Prosecution Service, Zhimin Qian was arrested in a York suburb last year after police tracked a wallet linked to her Bitcoin holdings.
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Coinbase Takes on Revolut in UK With 3.75% Interest Savings Account
Coinbase launched regulated savings account in the United Kingdom, giving UK users a chance to earn 3.75% annual equivalent rate (AER) interest on their pound deposits, reportedly paid daily.
According to the exchange, the Coinbase Savings Account, powered by ClearBank, offers instant deposits and withdrawals, no lockups, and no minimum balance requirements.
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After Retail Push, KuCoin Launches Platform for Professional Investors and Brokers
KuCoin has launched KuCoin Institutional, a new division aimed at professional investors, brokers, and strategic partners. The development follows KuCoin’s retail-focused initiatives, including KuCoin Pay, which allows merchants to accept crypto payments via QR
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Brazil to Classify Crypto-Fiat Transactions as Forex Under New Central Bank Rules
Brazil’s central bank has unveiled new regulations that will classify any crypto transaction involving fiat currency as a foreign-exchange operation. This move is yet another country’s effort to tighten oversight of digital assets.
The framework extends the country’s existing anti-money-laundering and counter-terrorism financing obligations to virtual-asset service
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Coinbase Launches Public Token Sales for US Retail with Monad; Monthly Offerings Planned
Coinbase is preparing to launch a new platform for digital token sales, aiming to host one sale each month, with the first offering featuring Monad, a new blockchain project, expected to begin next week.
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US Retail Traders Could Access Leveraged Spot Crypto for the First Time; CFTC Chair Engages Exchanges
Caroline Pham, acting chair of the US Commodity Futures Trading Commission, is in discussions with regulated US crypto exchanges to introduce leveraged spot cryptocurrency products. The launch could occur as early as next month, according to a statement Pham made yesterday (Sunday) via X.