U.S. Treasury Secretary Scott Bessent stated that financial institutions must choose between supporting the Iranian regime or retaining access to the U.S. financial system

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As part of Operation Economic Outcast, the U.S. Treasury designated Russia's A7 Network a transnational criminal organization and sanctioned Iranian crypto exchanges Nobitex and BitBank, the latter over alleged transfers to the IRGC

The order targeting MEXC Global forms part of Operation Economic Outcast, a U.S. Treasury campaign targeting financial networks supporting Iranian sanctions evasion activities

The U.S. Treasury Department's withdrawal of the $250 threshold proposal relieves cryptocurrency exchanges and custodial institutions from expanded data-collection and recordkeeping obligations on transfers under $3,000

Crypto Council for Innovation CEO Ji Hun Kim stated that rescinding the Travel Rule proposal was the right decision, adding that lowering the threshold to $250 for cross-border transfers would have imposed an undue burden on institutions

Russia expanded cryptocurrency access under increasing pressure from Western financial sanctions that restricted the country's access to traditional international finance

The Bank of Korea requested that the 31 surveyed financial institutions submit their responses to the cryptocurrency risk survey by November 4, 2026.

The Bank of Korea survey includes South Korea's five major banks—KB Kookmin, Shinhan, Hana, Woori, and NH NongHyup—alongside 13 securities companies and other lenders.

A Bank of Korea official stated that the central bank is conducting the risk survey to establish a baseline understanding of financial institutions' digital asset activities, as regular reporting to the Financial Supervisory Service lacks crypto-specific details.

The Bank of Korea survey requires banks and brokerages to disclose their existing digital asset businesses, planned projects, motives for market entry, and capital invested in domestic and overseas crypto companies.

South Korea's Financial Services Commission proposed tougher security requirements in October 2026, including more frequent vulnerability assessments and greater executive accountability for financial firms.

Anchorage Digital Bank N.A. became the first crypto-focused firm to obtain a federal national bank charter from the Office of the Comptroller of the Currency in January 2021, and also holds a New York BitLicense

The Office of the Comptroller of the Currency issued a consent order against Anchorage Digital in 2022 regarding anti-money laundering and compliance issues, which was lifted in 2025 following compliance infrastructure investments

U.S. retail customers will access the perpetual futures market through futures commission merchants subject to standard Know Your Customer and Anti-Money Laundering checks

A Binance spokesperson stated that Binance was unaware of conversations between U.S. regulators and banks about the hack but remains in close contact with global regulators regarding the October 29, 2026 Binance security breach

Cybersecurity personnel at a major U.S. bank contacted Binance within hours of the October 29, 2026 hack to prepare an internal report for reviewing the bank's own systems

U.S. banks began running internal diagnostics and devoting resources to patch code to defend against a similar attack following the October 29, 2026 Binance breach

Under the OCC and FDIC rule effective November 2, 2026, cybersecurity flaws that do not pose likely serious financial harm or violate law are classified as unmonitored supervisory observations

The Securities and Exchange Commission issued a no-action letter in December 2025 clearing the Depository Trust & Clearing Corporation's Tokenization Service for Russell 1000 stocks, major index ETFs, and Treasuries

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

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