Russia's regulated cryptocurrency framework maintains a strict ban on using digital currencies as payment for ordinary domestic goods and services

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Polygon Labs' Open Money Stack U.S. payments business is registered as a money services business with the Financial Crimes Enforcement Network (FinCEN)

The Coinme deal gives Polygon Labs money-movement regulatory coverage across 48 U.S. states through 37 state money transmitter licenses and 11 exemptions.

The Virtual Assets Regulatory Authority license granted to Standard Chartered applies to Dubai's mainland and free zones, while excluding the Dubai International Financial Centre which operates under distinct financial regulations

Australia's new licensing regime under the Corporations Amendment (Digital Assets Framework) Act for digital asset platforms takes effect on April 8, 2027, with licence applications scheduled to open on the same day

Under a third capital model proposed by ASIC, digital asset platforms face activity-based additions including A$500,000 for acting as agent, A$750,000 for running neutral venues, and A$1 million for principal trading

ASIC proposed in Consultation Paper 392 an alternative capital model with a A$7 million net tangible asset threshold for platform operators that do not hold underlying assets classified as financial products

The Australian Securities and Investments Commission published Consultation Paper 392 on October 15, 2026, proposing a licensing and regulatory framework for digital asset platforms and tokenised custody platforms, with industry feedback accepted until November 27, 2026.

The Australian Securities and Investments Commission plans to review feedback on Consultation Paper 392 and publish final standards and guidance for digital asset platforms in March 2027.

The Australian Securities and Investments Commission has received over 140 applications from businesses seeking authorization to provide digital asset-related financial services.

Under the Corporations Amendment (Digital Assets Framework) Act 2026, which received Royal Assent on April 8, 2026, covered digital asset platforms must obtain an Australian financial services licence.

Existing Australian digital asset platform operators have until October 7, 2027, to apply for or vary an Australian financial services licence while continuing operations during regulatory review.

OKXICE filed plans under the SEC's Innovation Exemption framework introduced in September 2026 to offer round-the-clock trading for more than 60 tokenized U.S. stocks prior to Perpetuals.com's filing

The SEC's Innovation Exemption framework, introduced in September 2026, mandates that tokenized shares carry full dividend and voting rights and gives issuers a 30-day period to object to tokenized trading

The SEC's five-year Innovation Exemption framework allows qualifying venues to trade National Market System tokenized U.S. stocks on public blockchains without registering as traditional securities exchanges.

Perpetuals.com Ltd published a notice of intent on October 14, 2026 to offer tokenized U.S. stock trading under the SEC's five-year Innovation Exemption framework.

Trading on Perpetuals.com could begin in mid-November 2026 at the earliest, following a required 30-day notice period and compliance preparations.

Early 2021 stock tokens offered by Binance provided price exposure without voting rights and were discontinued in July 2021 due to European regulatory scrutiny.

The Bank of Russia established qualification and document requirements for cryptocurrency exchanges and depositories that took effect on October 5, 2026

Russia's regulated cryptocurrency trading framework took effect on September 1, 2026, bringing trading, custody, and cross-border settlements under central bank supervision

Allowing unlimited cross-border crypto settlements effectively mitigates Western trade sanctions