Regulation news

06:12 Regulation

Gemini Secures Full Singapore MPI License for Crypto and Cross-Border Payment Services

Gemini wins full Singapore MPI license Gemini has secured a Major Payment Institution license in Singapore, giving its local unit approval to offer digital payment token and cross-border money transfer services under the Payment Services Act without standard volume caps. The final approval follows in-principle clearance in October 2024 and shifts regulated Singapore services to Gemini Digital Payments Singapore, which can now serve retail and institutional clients through spot trading, custody, and OTC services.

03:55 Regulation

Block seeks OCC trust bank charter for bitcoin and stablecoin custody

Block applies for OCC trust bank charter for bitcoin and stablecoin custody Block said Tuesday it applied to the Office of the Comptroller of the Currency to create Builders Bank & Trust, N.A., an uninsured, non-deposit-taking national trust bank. If approved, the bank would offer custodial and fiduciary services for bitcoin and stablecoins and bring some of Block’s existing digital-asset activities under a single federal regulatory framework.

02:25 Regulation

ARK asks SEC to clear tokenized share class for ARK Venture Fund

ARK seeks SEC approval for tokenized shares in ARK Venture Fund ARK Investment Management has asked the SEC to let the ARK Venture Fund add a Tokenized Class and an Exchange Class, replacing a 2025 order that barred unlisted shares without a secondary market. The tokenized shares would track ownership on blockchain and could trade on SEC-registered ATS venues or peer-to-peer via whitelisted wallets, with some transactions settling T+0; ARK said it has no current plans to launch the class.

22:10 Regulation

Plattsburgh Considers 12-Month Moratorium on Crypto Mining and AI Data Centers

Plattsburgh weighs 12-month moratorium on crypto mining and AI data centers Plattsburgh, New York, held a public hearing on a proposed 12-month land-use moratorium covering “certain high energy computing facilities,” including crypto mining and AI data centers. The measure would pause approvals for operations requiring 300 kW or more; Mayor Wendell Hughes had not approved it as of Tuesday, and the common council is due to meet again on Sept. 17.

21:41 Regulation

Clarity Act Faces Uncertain Path as Senate Vote Nears 60-Vote Test

Clarity Act faces 60-vote hurdle ahead of Sept. 15 Senate vote The Clarity Act may fail to clear its Sept. 15 procedural Senate vote, with Republican senators telling Semafor the bill still lacks the 60 votes needed to advance. Ethics rules tied to Trump-linked crypto businesses remain the main sticking point, while disputes over DeFi protections and stablecoin rewards have also left bipartisan support uncertain.

18:11 Regulation

Poland Misses MiCA Deadline Again After Sejm Fails to Override Presidential Veto

Poland fails again to pass MiCA licensing law Poland’s Sejm failed to override President Karol Nawrocki’s veto of the crypto licensing bill, voting 241-198, or 25 votes short of the 266 needed. That leaves Poland as the only EU member state without a domestic MiCA framework after the July 1, 2026 deadline, with the KNF unable to issue licenses and roughly 2,000 registered crypto firms pushed to seek authorization abroad.

10:41 Regulation

South Korea’s Ruling Party Eyes Another Crypto Tax Delay Ahead of 2027 Start

South Korea ruling party weighs new delay to crypto tax South Korea’s ruling People Power Party is planning a Sept. 21 seminar with the country’s five largest won-market crypto exchanges and DAXA to discuss changes to virtual-asset taxation, including another delay to the tax due to start in January 2027, Dailyian reported. Under current law, gains above 2.5 million won face a 20% tax, or 22% including local tax, while the government and Democratic Party still back starting it next year.

09:28 Regulation

Banca d’Italia tells crypto firms to screen every transfer for sanctions

Banca d’Italia orders crypto firms to screen every transfer for sanctions Banca d’Italia told Italian crypto-asset service providers on Sept. 7 to run sanctions screening on every transfer regardless of value, and to make sure their systems have no minimum threshold that could let small transactions bypass checks. The reminder says crypto transfers are not covered by instant-payment exceptions and that MiCA authorization does not replace EU sanctions obligations.

05:26 Regulation

AUSTRAC removes 45 crypto and remittance registrations in year-long enforcement push

AUSTRAC takes action against 45 crypto and remittance registrations Australia’s financial intelligence regulator AUSTRAC said it canceled, suspended or refused to renew 45 crypto and remittance registrations over the past year in a crackdown on high-risk payments. The actions targeted inactive, insolvent or non-operational firms, reporting failures and cases with significant money laundering or terrorism financing risks; some linked individuals were referred to law enforcement or other regulators, and GetCoins’ registration was canceled after complaints as AUSTRAC said the business had been exploited by organized investment scams.

04:26 Regulation

France’s $9.4 Billion Crypto Taxable Activity Estimate Meets DAC8 Reporting Shift

Chainalysis puts France’s 2025 taxable crypto activity at $9.4B ahead of DAC8 rollout Chainalysis estimates France generated about $9.4 billion in potentially taxable crypto activity in 2025, ranking 13th globally, as EU tax reporting under DAC8 expands. DAC8 took effect on Jan. 1, 2026, with crypto service providers now collecting transaction and tax-residency data for EU users; the first exchanges between EU tax authorities are due by Sept. 30, 2027. Chainalysis said only 14% of the activity it identified is likely to fall within CARF-style reporting reach.

17:55 Regulation

US Moves to Restrict Banque Misr UAE Branch Over Alleged Iran-Linked Dollar Transfers

US proposes curbs on Banque Misr UAE over alleged Iran-linked transfers The US Treasury has proposed restricting Banque Misr’s UAE branch from accessing US correspondent accounts, alleging it processed up to $1.8 billion for firms tied to Iranian shadow banking between January 2024 and June 2026 through dollar accounts at three unnamed US banks. Treasury also said it found about $9 billion in Iranian-linked funds moving through US banks across all channels in 2024; Banque Misr said it is cooperating and operations continue normally.

11:55 Regulation

Japan Tightens Crypto Rules, but No Shiba Inu ETF Has Been Filed or Approved

Japan clarifies crypto rules, but no SHIB ETF has been approved Japan enacted Law No. 64 on July 23 after parliament passed it on July 15, bringing crypto assets under a framework closer to financial products and tightening disclosure, trading and intermediary rules under the Financial Instruments and Exchange Act. SHIB’s wider access in Japan, including Green List status and Mercoin support via Coincheck, may help distribution, but no regulator, exchange or asset manager has filed for or approved a Shiba Inu ETF.

10:44 Regulation

Philippine Central Bank Proposes 12-Month Pause on New Payment System Registrations

Philippine central bank proposes 1-year freeze on new payment system registrations The Bangko Sentral ng Pilipinas has proposed a 12-month halt on accepting and processing new operator of payment systems registrations as it reviews its classification and licensing framework. The draft circular also tightens oversight of payment services tied to virtual asset service providers, including direct merchant agreements, enhanced due diligence, monitoring, and risk-based transaction and settlement limits to address financial crime and other risks.

05:42 Regulation

South Korea says bankrupt offshore crypto exchanges still require account reporting

South Korea says bankrupt offshore crypto accounts still must be reported South Korea’s National Tax Service said residents and domestic companies must report accounts at overseas virtual-asset exchanges even if the exchange has gone bankrupt and trading or withdrawals are suspended. Under the Adjustment of International Taxes Act, foreign financial accounts exceeding a combined 500 million won must be reported in June the following year; this year’s filings showed 10.5 trillion won in virtual assets, down 5.4% year over year.

23:55 Regulation

IMF Says El Salvador’s Recent Bitcoin Acquisitions Did Not Use Public Funds

IMF says El Salvador used no public funds for recent Bitcoin buys The IMF said El Salvador documented that Bitcoin acquired since the first review of its IMF program came from private donations, not public funds, while the government sharply reduced its role in Chivo by handing majority ownership and operational control to a private operator. The staff-level agreement also calls for more transparency on the country’s BTC wallets, tighter public-sector crypto risk controls, and no further Bitcoin accumulation beyond documented donations.

22:41 Regulation

South Korea FIU Expands VASP Reviews With 44-Item Filing on Real-World Operations

South Korea FIU tightens VASP reviews with 44-item operating status filing South Korea’s Financial Intelligence Unit will require registered virtual asset service providers to submit a 44-item 2026 addendum by Nov. 20, shifting reviews beyond paperwork to whether staffing, systems, internal controls and compliance frameworks actually work in practice. The FIU said it may check screenshots, internal rules and vendor contracts against reported operations, conduct on-site inspections, and review major shareholder eligibility and governance.

11:25 Regulation

Poland Misses MiCA Deadline After Third Failed Attempt to Override Crypto Bill Veto

Poland fails again to pass MiCA crypto rules after presidential veto Poland’s Sejm failed for a third time on Friday to override President Karol Nawrocki’s veto of crypto regulation, leaving the country as the EU’s only member state without a functioning national MiCA framework. The motion got 241 votes, 25 short of the 266 needed; the bill would have made the KNF Poland’s official crypto regulator, while Nawrocki says lawmakers addressed only one of 16 changes his office proposed.

16:40 Regulation

US Senate Sets Sept. 15 CLARITY Act Vote as India Still Lacks Broad Crypto Rules

US Senate sets Sept. 15 vote on CLARITY Act as India still lacks crypto rules The US Senate has scheduled a key Sept. 15 vote on the CLARITY Act, a bill that would create a comprehensive regulatory framework for crypto if passed and signed by President Donald Trump. SEC Chair Paul Atkins said he expects the measure to clear the Senate this month, while India — despite having more than 66 million crypto owners — still has no broad crypto rules beyond taxation and anti-money laundering requirements.

10:10 Regulation

Poland’s Sejm Falls Short of Overriding Veto on Crypto Oversight Bill

Polish Sejm fails to override president’s veto on crypto oversight bill Poland’s lower house failed to overturn President Karol Nawrocki’s veto of a bill that would have put crypto firms under KNF supervision and aligned the country with the EU’s MiCA rules. Lawmakers voted 241-198, with three abstentions, falling 25 votes short of the 266 needed. The defeat blocks the latest version from advancing after Nawrocki said it was too restrictive and ignored 16 proposed changes.

00:25 Regulation

FinCEN links $12.7 billion in reported crypto scam activity to overseas fraud networks

FinCEN flags $12.7B in suspected digital-asset investment scam activity FinCEN said U.S. institutions reported about $12.7 billion in financial activity tied to suspected digital-asset investment scams across 33,904 Bank Secrecy Act filings from Sept. 8, 2023 to Dec. 31, 2025, with many cases linked to Southeast Asia-based organized crime groups. The Treasury unit said the total is not confirmed victim losses and may include attempted or duplicate transactions, as it urged banks and crypto firms to share scam indicators and watch for stablecoin transfers to offshore exchanges.

00:10 Regulation

Washington moves to revoke Coinflip license and seek $1.03 million over kiosk compliance case

Washington seeks to revoke Coinflip license over crypto kiosk compliance failures Washington’s Department of Financial Institutions filed charges against GPD Holdings LLC, doing business as Coinflip, and CEO Benjamin Weiss, seeking to revoke the firm’s license, impose a $1.03 million fine, order customer refunds and bar both from the state’s money services industry. The Sept. 3 action alleges AML and risk-management failures in Coinflip’s crypto kiosk business, including missing customer data, weak transaction monitoring, late reports and failure to refund at least 15 customers on time.

21:11 Regulation

Coinbase Seeks SEC Registration for U.S. Single-Stock Perpetual Futures

Coinbase files with SEC to bring single-stock perpetual futures to the US Coinbase filed two Sept. 1 notices with the SEC to set up single-stock perpetual futures for U.S. traders: Form 1-N through Coinbase Derivatives to register as a security futures exchange, and Form BD-N through Coinbase Financial Markets as a limited-purpose broker-dealer. Chief policy officer Faryar Shirzad said CFTC approval is still needed before launch; Coinbase shares rose 10.14% to $192.70 on the news.

05:26 Regulation

IMF says El Salvador’s Bitcoin additions since mid-2025 came from private donations

IMF says El Salvador’s recent Bitcoin additions were private donations The IMF said El Salvador documented that Bitcoin accumulated since June 27, 2025 came from private donations, not public funds, as the country reached a staff-level agreement on its second and third EFF reviews. The deal could unlock about $140 million after Executive Board approval and prior actions, and includes an understanding that no further Bitcoin accumulation is expected beyond the documented donations.

01:41 Regulation

South Korea Sets Feb. 4 Expansion of Tokenized Securities to Bonds, MMFs and Unlisted Shares

South Korea sets Feb. 4 launch for broader tokenized securities market South Korea’s Financial Services Commission said tokenized securities will expand beyond fractional products on Feb. 4 next year to include privately placed money market funds, privately placed bonds and unlisted shares under a new trust-based structure. The roadmap also says existing licensed securities firms and OTC platforms can handle the products without a new license, with public securities and stablecoin-linked on-chain settlement planned for later stages.

20:26 Regulation

ECB report advances digital euro planning as issuance decision remains pending

ECB advances digital euro design but stops short of issuance approval The European Central Bank has published a progress report on its digital euro preparation phase, detailing work on offline payments, privacy safeguards and holding limits for users. The update keeps one of the most advanced major-economy CBDC projects moving, but it does not amount to final authorization: any decision to issue a digital euro still depends on the wider EU legislative and political process.

19:11 Regulation

Revolut gets conditional OCC approval for U.S. bank, targets 2027 launch

Revolut wins conditional OCC approval for U.S. national bank Revolut said the Office of the Comptroller of the Currency has conditionally approved its plan to form Revolut Bank US, N.A., moving the fintech closer to a U.S. launch in the first half of 2027. The proposed Stamford, Connecticut bank would get about $95 million in initial capital and offer deposits, credit and FX, while a planned stablecoin would still need separate approvals, including FDIC, Federal Reserve and final OCC clearance.

16:42 Regulation

SEC Staff Updates Disclosure Guidance for Public Companies Custodying Customer Crypto

SEC staff updates crypto custody disclosure guidance for public companies The SEC’s Division of Corporation Finance issued updated staff guidance on how public companies should report crypto assets held for customers, focusing on balance sheet treatment and custody-related risk disclosures. The guidance affects custodians, exchanges, digital asset platforms and other public companies handling customer crypto, and while it is not a new binding Commission rule, it can shape filings and SEC review comments.

12:12 Regulation

DWF Labs Secures BVI VASP Approval for Regulated Digital Asset Services

DWF Labs gets BVI virtual asset service provider approval DWF Labs said a group entity has received Virtual Asset Service Provider approval from the British Virgin Islands Financial Services Commission under the BVI’s 2022 VASP Act. The registration allows the firm to exchange virtual assets and provide financial services tied to an issuer’s offer or sale of a virtual asset, giving institutional clients access to its OTC trading and market-making services through a regulated BVI entity.

06:58 Regulation

Thailand SEC proposes Travel Rule with five-year crypto transfer record retention

Thailand SEC proposes Travel Rule checks for self-hosted crypto wallets Thailand’s SEC has proposed new rules requiring digital asset operators to collect, verify and retain data tied to crypto transfers, including proof of ownership or control of self-hosted wallets and checks on counterparties and service providers. Records would be kept for at least five years, with immediate regulatory access for the first two, as the regulator and Thailand’s Anti-Money Laundering Office seek better transaction tracing and anti-money laundering controls. Public comments are open until July 10, 2026.

06:28 Regulation

Atkins Says SEC Crypto Proposal Is Meant to Bring Firms and Capital Back to the US

Atkins says SEC crypto proposal aims to bring firms back to the US SEC Chairman Paul Atkins said the agency’s proposed Regulation Crypto Assets is meant to lure back crypto companies that left the US over the past four years, arguing “regulation by enforcement” — not unclear rules — drove builders overseas. He said the plan’s two capital-raising exemptions are part of a wider push to let fundraising happen in the US under US law, while pressing Congress to pass the CLARITY Act for longer-term rules.

02:56 Regulation

G20 elevates digital assets in 2026 agenda with push for clearer global rules

G20 backs clearer crypto rules in 2026 agenda G20 finance ministers and central bank governors put digital assets into the group’s 2026 priorities after their Aug. 31-Sept. 1 meeting in Asheville, endorsing “clear pathways” for digital asset innovation alongside safeguards for financial stability. The statement also raises scrutiny of global stablecoins, pushes work on cross-border payments, and urges tougher enforcement of FATF standards for virtual assets.

02:41 Regulation

South Korea Extends Digital Asset Task Force to 2028 as Basic Law Drafting Moves Ahead

South Korea targets 2028 to fully implement Digital Asset Basic Act South Korea’s Financial Services Commission said it aims to finalize the main provisions of the Digital Asset Basic Act this year, as the government and ruling party push to advance the second phase of virtual-asset legislation. But the FSC will keep a task force running through 2028 to draft subordinate rules and build market infrastructure, signaling a long gap between passage and actual enforcement.

01:56 Regulation

Singapore Moves to Bar Yield Payments on MAS-Regulated Stablecoins

MAS proposes banning yield on regulated stablecoins in Singapore Singapore’s Monetary Authority has proposed Payment Services Act amendments that would ban licensed issuers from paying any interest, return, or other commercial benefit on MAS-regulated stablecoins, aiming to keep them as a medium of exchange rather than an investment product. The draft rules also add immediate safeguarding of customer funds, quarterly stress tests, freeze-and-burn powers, and wind-down plans; feedback is open until Oct. 16, 2026.

19:26 Regulation

Solana Approves Faster Inflation Cut as SOL Strategies CEO Questions Timing

Solana inflation vote passes as SOL Strategies CEO calls cut premature Solana governance approved SGP-0002, raising the network’s annual disinflation rate from 15% to 30% and shortening the path to its 1.5% terminal inflation rate from about 5.7 years to 2.8 years. The proposal won 67% of participating stake, just above the 66.67% threshold, but SOL Strategies CEO Michael Hubbard said the move was premature and argued Solana’s current 4% to 4.5% inflation is not extreme enough to justify a faster cut.

10:25 Regulation

Thailand sets 2027 crypto Travel Rule with checks on self-custodial wallets

Thailand SEC sets 2027 crypto Travel Rule for self-custody transfers Thailand’s SEC has adopted Travel Rule regulations that will require digital asset operators to verify ownership or control of self-custodial wallets involved in crypto transfers and keep transaction data for at least five years. The rules take effect on Feb. 27, 2027, giving firms about six months to build systems for transmitting, receiving and monitoring transfer information under AML standards.

02:55 Regulation

Singapore Proposes Ban on Interest for MAS-Regulated Stablecoins

Singapore proposes ban on interest for MAS-regulated stablecoins The Monetary Authority of Singapore has proposed banning issuer-paid interest on MAS-regulated stablecoins while tightening rules with stress tests, recovery and wind-down plans, and stronger safeguards for customer funds. The Sept. 1 consultation also outlines paths for jointly issued cross-border stablecoins and selected foreign-regulated tokens to qualify for the MAS-regulated label, with public comments open until Oct. 16.

23:10 Regulation

SEC Proposes Rule Change to Recognize Blockchain Records for Securities Ownership

SEC proposes blockchain-based ownership records for securities The U.S. SEC on Sept. 1 proposed amending transfer agent rules to let securities ownership be officially recorded on blockchain, a shift that would modernize decades-old requirements for tokenized securities. The plan would also require transfer agents to report how many tokenized securities they manage and which blockchain platforms they use.

19:42 Regulation

Memecoin Card Purchases on Robinhood Wallet and Fomo Raise Questions Over Network Rules

Memecoin buys on Robinhood Wallet and Fomo were coded as digital media Tests by The Block found users could buy memecoins on Robinhood Wallet and Fomo with Visa and Mastercard credit cards via Apple Pay or Google Pay, with purchases coded as “digital goods media” instead of crypto. The Crossmint-powered transactions earned normal card rewards and often skipped a separate KYC flow; Chase said one Visa purchase was not flagged as crypto and opened a case with Visa, while New York’s attorney general is reviewing the matter.

18:11 Regulation

SEC proposes transfer agent rule overhaul as securities recordkeeping moves onchain

SEC proposes overhaul of transfer agent rules for blockchain era The SEC has proposed updating transfer agent rules that have changed little since the late 1970s and early 1980s, citing the rise of blockchain-based recordkeeping, tokenized securities and more automated market infrastructure. The plan would revise registration, recordkeeping, safeguarding and transfer requirements, add compliance standards for restrictive legends and third-party providers, and seek public comment 60 days after Federal Register publication.

17:26 Regulation

CFTC Issues Event Contract Guidance as Oversight of Prediction Markets Tightens

CFTC issues event contract enforcement guidance The CFTC has released regulatory enforcement guidance for event contract derivatives, tightening scrutiny of prediction markets as trading tied to elections, policy decisions, economic data, court rulings, and geopolitical events grows. The move sharpens expectations around registration, customer access, contract design, surveillance, and market integrity, but does not amount to a blanket ban on compliant venues or all event contracts.

17:12 Regulation

Senate Sets Sept. 15 Vote on CLARITY Act as Industry Doubts Near-Term Passage

CLARITY Act Senate vote set for Sept. 15 amid doubts over 2025 passage The US Senate is scheduled to vote on the CLARITY Act on Sept. 15 after missing its pre-August recess timeline, but industry participants are increasingly skeptical the crypto market structure bill will pass this year. The measure would split digital-asset oversight between the SEC and CFTC, set company registration rules and impose AML requirements, while disputes over stablecoin interest and ethics rules tied to President Trump’s family crypto businesses remain key obstacles.

10:13 Regulation

Singapore Reconsiders Stablecoin Rules for Some Cross-Border and Foreign Issuers

Singapore proposes opening stablecoin regime to some cross-border issuers The Monetary Authority of Singapore has proposed allowing stablecoins jointly issued by a Singapore entity and a foreign issuer to qualify as “MAS-regulated stablecoins,” if risks are sufficiently mitigated. MAS also said it is considering recognizing a limited number of foreign-issued stablecoins under comparable overseas regimes, partly for cross-border wholesale transactions, revisiting its 2023 domestic-only approach.

09:48 Regulation

Russia Launches Regulated Crypto Trading With $3,700 Annual Retail Investment Cap

Russia starts regulated crypto trading with $3,700 retail cap Russia’s digital asset law took effect on September 1, legalizing regulated crypto trading nationwide under Bank of Russia oversight while limiting retail investors to 300,000 rubles, or about $3,700, a year per licensed broker. Exchanges, brokers and custodians must register and join a self-regulatory organization, while full licensing and compliance rules will phase in by July 1, 2027.

04:15 Regulation

Thailand SEC Seeks to Open Some Overseas Crypto Derivatives to Retail Investors

Thailand SEC proposes retail access to some overseas crypto derivatives Thailand’s SEC has opened a consultation on letting retail investors trade certain overseas crypto derivatives through local brokers, expanding access only to products that closely match Thai-listed contracts on underlying asset, maturity, leverage and settlement. The foreign exchanges would also need central clearing and recognized regulatory oversight; non-qualifying products would remain limited to institutional investors. Public comments run through Sept. 30.

21:13 Regulation

Hyperliquid Explores Limited US Access Through Kraken Parent’s Bitnomial Venue

Hyperliquid in talks with Kraken parent for limited US market entry Hyperliquid Labs is in advanced talks with Payward, Kraken’s parent, on a structure that would give registered US traders access to a subset of Hyperliquid-linked crypto perpetual futures through Payward’s CFTC-regulated Bitnomial venue, Bloomberg reported. The plan has been sent to the CFTC, but Hyperliquid’s own app would remain geoblocked in the US, with users trading under US rules on Bitnomial rather than on the offshore platform.

09:41 Regulation

Ireland Excludes Crypto From New State-Backed Retail Investment Accounts

Ireland to bar crypto from new state-backed retail investment accounts Ireland will exclude cryptocurrencies and derivatives from a new state-backed savings and investment scheme aimed at moving household money from low-interest bank deposits into traditional markets. The plan, unveiled by Finance Minister Simon Harris, will let tax residents 18 and older hold ETFs, listed shares and corporate bonds under a simplified tax regime, with details due in October and launch set for 2027.

02:40 Regulation

South Korea Studies New Legal Crypto Association in Digital Asset Act Talks

South Korea reviews new statutory crypto self-regulatory body South Korea’s financial authorities are considering a separate incorporated association to oversee virtual-asset market self-regulation as part of second-phase talks on the Digital Asset Basic Act, Newsis reported Aug. 31. The plan would create a new legal entity instead of converting DAXA, which lacks corporate legal status, while potentially using DAXA’s rules, operating experience and staff.

23:11 Regulation

UK Tax Data Shows 240 People Reported More Than £1M in Crypto Gains

UK tax report shows 240 crypto gainers cleared £1M each The UK’s first official data on taxable crypto gains shows 240 people each declared more than £1 million in capital gains in 2024-25, reporting £717 million between them — over half of the £1.38 billion declared by 17,600 taxpayers. HMRC said crypto compliance and education work added an estimated £168 million in capital gains tax for the year and has already led to tens of thousands of warning letters.

10:41 Regulation

Swedish VAT Disputes Complicate Crypto Miners’ Shift Toward AI in Northern Data Centers

Sweden challenges VAT refunds at northern crypto-linked data centers Sweden’s Tax Agency is seeking to claw back hundreds of millions of kronor in input VAT from northern data center operators, arguing parts of their activity were crypto mining rather than taxable computing services. The dispute has already produced appellate losses for HIVE Digital’s Swedish units and proposed decisions against Northern Data subsidiaries, adding pressure as both companies shift sites from mining to AI and cloud workloads.

10:11 Regulation

Vietnam Says Five Crypto Exchange Applicants Cleared Initial Review, but No License Issued Yet

Vietnam says five crypto exchange applicants have passed an initial review, but the country has not issued its first license under its digital-asset pilot. Applicants must meet a 10 trillion dong ($383 million) charter-capital threshold and security requirements, while new penalties for unlicensed services and AML failures take effect Sept. 1. Domestic investors will not be fined on Sept. 1 for using overseas or unlicensed platforms; that six-month countdown starts only after the first provider is licensed.