South Korea's Virtual Asset User Protection Act took effect on July 19, 2024, mandating that exchanges keep at least 80% of customer crypto assets in offline cold storage

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Cryptocurrency industry representatives requested that South Korea's Financial Services Commission ease limits on arbitrarily halting customer withdrawals when a different exchange is hacked

Officials at the November 2, 2026 emergency meeting called by South Korea's Financial Services Commission reviewed access controls for IT systems, withdrawal signing arrangements for hot wallets, and administrator privileges across domestic exchanges

South Korea's Financial Services Commission plans to review easing rules on arbitrary withdrawal blocks so cryptocurrency exchanges can restrict withdrawals quickly when a different exchange is hacked

The Financial Services Commission's July 2024 supervision regulation calculates cold-wallet compliance based on quantities and average won conversion values over the preceding year, while requiring insurance or reserves for failures

On November 2, 2026, Financial Services Commission Director General Yoo Young-jun led an emergency meeting with major crypto operators, the Financial Supervisory Service, and the Financial Security Institute

During the November 2, 2026 emergency meeting called by South Korea's Financial Services Commission, South Korean regulators urged exchanges to increase cold-wallet holdings, monitor transfers continuously, add response staff, report abnormal access, and build extra reserves

The Inland Revenue (Amendment) Bill 2026 incorporates the OECD's Crypto-Asset Reporting Framework, introduced in 2023, into Hong Kong tax law

South Korean ruling party lawmakers stated that the country should enact South Korea's Digital Asset Basic Act to establish regulatory rules before implementing taxation

The November 2, 2026 SEC update on governance tokens represents nonbinding staff guidance rather than formal law or regulation, leaving open the possibility that future regulators interpret governance token control differently

The SEC staff guidance issued on November 2, 2026, explained how governance cryptocurrencies align with the SEC's March 2026 cryptocurrency framework

SEC staff guidance indicates that a crypto project may maintain central control if a company or small group holds unilateral power to alter network rules, restrict access, or override decisions

Operating without central control can qualify a cryptocurrency as a digital commodity rather than a security, subjecting it to different regulatory requirements

The WEF and BCG report identifies nine policy dimensions, including legal certainty, asset custody, monetary sovereignty, capital flows, and sanctions compliance.

Dubai's Virtual Assets Regulatory Authority issued a circular on October 6, 2026, establishing minimum audit requirements for Virtual Asset Service Provider Reserve Assets.

Dubai's Virtual Assets Regulatory Authority confirmed that appointing an external auditor does not transfer regulatory responsibility for safeguarding client virtual assets from the service provider.

The SEC issued a five-year temporary Innovation Exemption allowing Tokenized Securities Venues to facilitate trading of tokenized NMS stocks using automated market makers without registering as national securities exchanges.

Polygon Labs completed its acquisition of Coinme in October 2026, acquiring 37 state money-transmitter licenses and 11 exemptions across 48 US states.

The French Senate's crypto tax data sharing bill is based on the OECD's Crypto-Asset Reporting Framework (CARF).

The OECD's Crypto-Asset Reporting Framework sets common international standards for participating jurisdictions to collect and automatically exchange information on cryptocurrency transactions.

The Coinme deal provided Polygon with a Money Services Business registration with the Financial Crimes Enforcement Network (FinCEN).