
US Agencies Move to Require ID Checks for Fiat-to-Stablecoin Conversions, DeFi Exempt
US regulators propose identity verification for converting dollars to stablecoins, but decentralized exchanges remain outside the rules.
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Original coverage across the crypto market, updated daily.

US regulators propose identity verification for converting dollars to stablecoins, but decentralized exchanges remain outside the rules.

New regulations require crypto exchanges in Australia to collect and share customer data on transfers from July.

The FCA publishes final crypto rules, requiring firms to obtain authorization by February 2027.
UK's FCA sets comprehensive crypto regulations covering capital requirements, stablecoins, and market abuse, with October 2027 implementation.

The EU's MiCA regulation fully applies from July 1, potentially displacing up to 10 million users from non-compliant platforms.
The Bank for International Settlements says stablecoins lack key money properties and warns of risks in emerging markets.

Binance shuts European services due to licensing issues; EthLabs nonprofit backed by BitMine and Joe Lubin aims to drive Ethereum adoption.

Outdated Basel capital standards treat Bitcoin as near-total loss, potentially limiting bank crypto activities.
The GENIUS Act, signed into law July 18, 2025, creates the first federal regulatory framework for payment stablecoins in the United States.

A major US arbitration firm introduces a legal framework to resolve disputes in autonomous AI transactions.
Coinbase launches its Luxembourg-based MiCA hub for all EU member states while Binance pulls out of Greece ahead of the deadline.
Kalshi files lawsuit against Illinois and Governor Pritzker challenging a new state regulatory framework for prediction markets.
New York man Noman Saleem gets 15 months in prison for fake staking scheme on Telegram.

A regulatory filing suggests tokenized equity would be settled via existing Wall Street infrastructure.

BitGo's Bielik acquisition signals a trend where smaller platforms use regulated custody to comply with MiCA.

Proposed FCC rule requiring carriers to retain customer data could expand attack vectors for crypto theft.

Governor Greg Abbott wants to end a costly tax exemption and require data centers to fund the electricity grid they strain.
The Digital Asset Market Clarity Act aims to establish a federal framework for crypto regulation in the United States.

A federal judge has rejected Michelle Bond's attempt to dismiss charges linked to an FTX-funded congressional campaign.
Kentucky filed lawsuits against prediction market platforms Kalshi and Polymarket, accusing them of offering unlicensed sports gambling.

Oman has introduced Omanhash.om as the official mining pool for licensed crypto miners, marking a sovereign push into Bitcoin mining oversight.
Greece is reportedly poised to reject Binance's MiCA license application, potentially forcing the crypto exchange to leave the European Union.
India has ordered internet providers to block Telegram until June 22 after alleged cheating rackets used the platform ahead of the NEET re-exam.
Investment firm Benchmark says the SEC's plan to rescind two key market rules is the most impactful U.S. crypto regulatory move this year.