ASIC proposed that platforms holding over A$100,000 in client money maintain at least A$50,000 in surplus liquid funds, while platform-issued stablecoins are excluded from net tangible asset calculations.

Overview Debates Related claims Topics Sources

Individuals who fail to declare self-custodied crypto holdings under Amendment I-CF821 face fines of up to €10,000 ($11,000)

On October 9, 2026, the French National Assembly's Finance Committee adopted Amendment I-CF821, requiring individuals to declare self-custodied crypto wallets valued at or above €100,000 ($112,000) annually as of December 31

Regulated crypto service providers in France already face tax reporting obligations, whereas self-custodied wallets previously remained unmonitored

Circle secured U.S. federal trust bank charter approval in July 2026 to support its institutional digital dollar operations

Circle CEO Jeremy Allaire cited the U.S. GENIUS Act, expected to take effect in January 2027, as a key regulatory framework encouraging wider stablecoin adoption

Circle CEO Jeremy Allaire stated at the IMF and World Bank meetings in Bangkok that federal banking approvals and U.S. legislation position USDC as a legitimate digital dollar

Binance.US CEO Stephen Gregory, who was appointed in March 2026, has been working to restore U.S. trading activity and expand product offerings following years of regulatory challenges tied to Binance's 2023 settlement with U.S. authorities

Binance.US is working to restore state money transmitter licenses across the United States to expand its customer reach

Binance.US CEO Stephen Gregory outlined plans in July 2026 to pursue a Commodity Futures Trading Commission license allowing Binance.US to offer event contracts, prediction markets, and derivatives

Before issuing Qivalis's euro-denominated token under MiCA rules, Qivalis must publish a crypto-asset white paper detailing the issuer, token rights, technology, and risks

Under the EU Markets in Crypto-Assets regulation, electronic money tokens must be pegged to a single official currency, redeemable at face value at any time, and prohibited from paying interest.

De Nederlandsche Bank authorized Amsterdam-based Qivalis B.V. as an Electronic Money Institution on October 14, 2026.

The Electronic Money Institution license places Qivalis under ongoing supervision by De Nederlandsche Bank and authorizes Qivalis to issue euro-denominated electronic money tokens.

ASIC's custody rules proposed in Consultation Paper 392 require digital asset platforms to retain wallet structures and address records for seven years and report them quarterly to ASIC without disclosing private keys

ASIC's trading rules proposed in Consultation Paper 392 require digital asset platforms to maintain controls to detect and prevent market manipulation and take reasonable steps to ensure best execution for customer orders

ASIC's regulatory framework proposed in Consultation Paper 392 permits Australian platforms to use overseas custodians provided they disclose asset locations and cross-border risks to customers

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 one model proposed by ASIC in Consultation Paper 392 on October 15, 2026, platforms without qualifying third-party custody must hold at least A$14 million in net tangible assets or 10% of average revenue

Under capital rules proposed in ASIC's Consultation Paper 392, digital asset platforms meeting specified third-party custody conditions could qualify for a lower base capital requirement of A$200,000 alongside asset or revenue calculations

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