
Circle Wins Final OCC Approval for a National Trust Bank
Circle National Trust won final OCC approval, letting the issuer custody digital assets and eventually manage the USDC reserve under federal supervision.
Altcoins, ETH & general crypto

Circle National Trust won final OCC approval, letting the issuer custody digital assets and eventually manage the USDC reserve under federal supervision.

Gyeonggi Province will run an eight-month won stablecoin proof of concept from August, led by ZKrypto, with no issuer or legal frame named.

Abu Dhabi's FSRA granted Bitcoin Suisse's BTCS (Middle East) unit a full Financial Services Permission covering spot trading, custody and derivatives.

The FCA has authorised Coinbase as a MiFID investment firm, bringing UK retail equities trading and USDC-settled perpetual futures onto the exchange.

Luxembourg's CSSF upgraded Ripple to a full MiCA authorisation, passportable across all 30 EEA countries, five days after the transitional regime expired.

Trade-press reporting says the UAE central bank cleared DDSC, a dirham-backed payment token, to list on VARA-regulated exchanges in Dubai.

Binance withdrew its Greek MiCA application and stopped serving EU users as the bloc's transitional period for crypto firms expired on July 1.

From July 1, any firm serving California residents needs a DFPI licence, with civil penalties running to $100,000 a day for operating without one.

The FCA published its final cryptoasset rules, covering trading platforms, custodians, stablecoin issuers and staking providers, with the regime due in 2027.

ESMA published a public statement on June 23 as MiCA's national grandfathering regimes end across the EU on July 1. Providers without authorization must immediately stop onboarding clients and cease marketing, and national regulators may take coordinated action after the deadline.

The Bank of England capped any systemic sterling stablecoin at ยฃ40 billion in issue, dropping its proposed per-holder limits. Feedback closes 22 September.

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.