Policy
Canada’s draft stablecoin rules would ban paying interest on tokens
Ottawa's draft rules demand 1:1 reserves at Canadian custodians, redemption within three business days and a 1% cap on redemption fees. Nothing is final yet.
Policy
Regulation, law and the government decisions that reach your wallet.
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Ripple has a federal bank charter. It can’t take deposits
Ripple's OCC trust charter covers RLUSD reserves and custody only. Issuance stays in New York, and the new bank is not yet operating.
The FCA is taking crypto applications. The protections start in 2027
Crypto firms can now apply for FCA authorisation, with a 28 February 2027 deadline. The protections themselves only begin on 25 October 2027.
FCA sets out when a DeFi website needs a UK licence
The FCA's draft guidance targets the websites that front DeFi protocols rather than the code itself. It's a proposal, open for comment until 18 November.
UK banks are blocking crypto transfers, and they’re allowed to
Banks can cap or refuse payments to crypto exchanges as a commercial decision. Here is the complaints route, and why a blocked transfer isn't frozen money.
EU ministers back central supervision for a handful of crypto firms
EU finance ministers agreed a negotiating position on 9 October. It is not law, and the Council has not said which crypto firms would be covered.
A stablecoin can be fully backed and still break for a weekend
The FSB says cross-border stablecoin structures could strand reserves in one country while redemptions pile up in another. What a UK holder can check.
Crypto fraudsters ordered to repay £851,000 of the £1.5m taken
Southwark Crown Court ordered Bedi and Mavanga to pay £851,402 between them. Investors in the fake crypto scheme lost £1,541,799 in total.
UK crypto firms can now apply for FCA authorisation
Applications opened today. The regime doesn't start until 25 October 2027, firms have until 28 February 2027 to file, and nobody is authorised yet.