The stablecoin pilot was conducted under the supervision of Japan's Financial Services Agency after selection in November 2025 under its FinTech PoC Hub.

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Judge Alvin K. Hellerstein ruled under Federal Rule of Civil Procedure 60 that newly acquired knowledge of facts existing when the January 2025 consent order was entered does not constitute a significant change in factual circumstances

The CFTC filed a lawsuit in 2022 alleging Gemini Trust Company made false or misleading statements of material fact in 2017 regarding a Bitcoin futures contract relying on Gemini auction prices

France should tax cryptocurrency conversions into stablecoins

Under the proposed framework, covered crypto service providers must collect customer identification details and report relevant crypto transactions and transfers to national tax authorities.

On October 15, 2026, the Australian Treasury released draft legislation titled Treasury Laws Amendment Bill 2026: Tax information reporting to incorporate the OECD Crypto-Asset Reporting Framework into domestic law.

The OECD approved the Crypto-Asset Reporting Framework in August 2022 to combat cross-border tax evasion risks arising from taxpayers holding digital assets in foreign jurisdictions.

The Australian Treasury opened public consultation on the draft crypto tax reporting legislation through October 28, 2026.

The proposed Australian bill introduces both international exchange obligations and a domestic crypto reporting regime to provide transaction records to the Australian Taxation Office.

Separately, the Australian Securities and Investments Commission opened consultation through November 27, 2026 on proposed licensing, customer asset protection, and financial resource rules for crypto platforms.

Prior to commercial deployment, the participating banks plan to address governance, regulatory compliance, cybersecurity, and system stability, following the establishment of a joint council in June 2026.

The stablecoin is structured under Japan's Payment Services Act as specified trust beneficiary rights, with bank deposits serving as underlying assets.

In September 2024, California Attorney General Rob Bonta secured a $3.9 million settlement with Robinhood Crypto over crypto withdrawal restrictions imposed between 2018 and 2022.

Fidelity Digital Asset Services agreed to pay $500,000 to California to settle a case regarding past restrictions on customer cryptocurrency withdrawals.

California's Digital Financial Assets Law establishes rules to protect state residents using digital asset services, with requirements tied to July 1, 2026.

The proposed Australian crypto tax reporting legislation does not establish a new tax rate on cryptocurrencies, but aims to improve access to information for administering existing tax laws.

The Australian draft legislation includes provisions to update Australia's Common Reporting Standard governing the automatic exchange of financial account information between tax authorities.

California Attorney General Rob Bonta announced the $500,000 settlement with Fidelity Digital Asset Services on October 16, 2026.

The Federal Trade Commission reached a proposed settlement with Celsius Network that stops the company and its affiliates from handling consumer assets.

New York's attorney general secured restrictions on KuCoin's services for existing customers in the state, limiting their account activity to withdrawals.

On October 15, 2026, Latvia's parliament, the Saeima, adopted amendments to the Law 'On Personal Income Tax' establishing a one-time crypto declaration window in 2027