
Bank of England Sets a £40B Cap per Systemic Stablecoin
The Bank of England capped any systemic sterling stablecoin at £40 billion in issue, dropping its proposed per-holder limits. Feedback closes 22 September.
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The Bank of England capped any systemic sterling stablecoin at £40 billion in issue, dropping its proposed per-holder limits. Feedback closes 22 September.

The Department of Financial Services' draft aligns New York's 2022 stablecoin framework with the federal GENIUS Act, adding custodian caps and a mandatory risk programme. Comments close on 22 June.

Senate Bill 3019 puts a 0.2% levy on exchanges, transfers and storage handled by brokers for Illinois customers from January 2027. The Crypto Council for Innovation called it the most punitive state crypto tax yet.

The CFTC asked a federal court to declare exclusive authority over event contracts and to bar New Mexico from enforcing its gaming law against Kalshi, two days after proposing its first prediction-market rule.

Japan's House of Representatives passed a bill on June 11 moving crypto from the Payment Services Act to the Financial Instruments and Exchange Act. Tokens gain equity-style insider-trading rules and 10-year penalties, paired with a move to a flat 20% tax.

The CFTC proposed a three-part test that a prediction-market contract must meet before it can be prohibited, with a 90-day review and sports contracts generally treated as in the public interest.

Tazapay raised $36M led by Circle Ventures and now serves as one of the top regulated gateways between crypto and fiat in the UAE -- a market that's becoming a key hub for institutional digital asset flows.