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#Regulation

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Oct 13Tue
  1. Ledger InsightsSource summary78

    EU finance ministers back raising the DLT Pilot Regime cap to €300 billion, Lagarde opposes

    The Council of the European Union reached broad agreement on its negotiating position on MISP, supporting an increase in the cap for a single DLT market infrastructure under the DLT Pilot Regime from €6 billion to €300 billion, while retaining the possibility of raising it to €500 billion in the future through a Commission delegated act.

    推荐理由：The article presents in parallel the changes to the DLT tokenization cap, the amount under the banking sector’s settlement proposal, and the division of regulatory responsibilities for CASPs, making it easier to understand the key disagreements in the MISP negotiations.

Oct 12Mon
  1. CoinDeskSource summary73

    FSB calls for stronger cross-border information sharing and stablecoin crisis response plans

    The Financial Stability Board (FSB) warned that global stablecoins and national regulatory frameworks have not yet been tested by a severe market crisis, potentially exposing cross-border gaps in redemptions, reserve transfers and the recovery of holders’ funds. The FSB recommended strengthening cross-border information sharing and monitoring, as well as contingency planning for stablecoin distress or failure; stablecoin market capitalization has risen from approximately $206 billion at the beginning of 2025 to $306 billion. The recommendations are not legally binding, but members typically commit to implementing common standards domestically.

    推荐理由：The report outlines the challenges posed by multi-issuer structures, cross-border reserve transfers and 24/7 trading, helping explain why stablecoin crisis management requires cross-border coordination.

  2. Fintech News Hong KongSource summary57

    SFC的Julia Leung阐述香港流动性改革下一阶段安排

    SFC首席执行官Julia Leung表示，香港正推进下一阶段流动性改革，今年平均每日股票成交额已超过HK$270 billion，较2023年高160%。改革包括跨市场保证金、研究一站式交易后平台、为T+1结算制定时间表，以及从11月起覆盖所有上市公司的每手股数改革。HKEX与HKMA正测试e-HKD用于盘后保证金支付。

  3. Payments Cards & MobileSource summary75

    American Express National Bank fined $350m for AML deficiencies

    American Express National Bank was fined $350m by the OCC and issued a cease-and-desist order; the Federal Reserve also took enforcement action against American Express and related entities over enterprise-wide compliance deficiencies.

    推荐理由：The case concretely illustrates the link between risk assessments in the card business and BSA/AML controls, showing how regulators examine whether transaction volumes, customer due diligence, and suspicious activity monitoring are aligned.

Oct 10Sat
  1. PYMNTSSource summary64

    特朗普敦促国会通过《信用卡竞争法案》

    特朗普继续敦促国会通过《信用卡竞争法案》，该法案将要求大型银行发行的银行卡至少支持两个卡网络。支持法案的商户游说团体和反对法案的银行及支付行业游说者近期均在向白宫官员和国会议员表达立场。白宫发言人称，该法案旨在减少刷卡费用，并表示相关费用每年给美国家庭带来 USD 1,200 的成本。

  5. PYMNTSSource summary63

    CFPB在资金与机构改革争议中采取更宽松的银行监管方式

    CFPB近期对银行和其他消费信贷机构采取更宽松的检查方式，PYMNTS援引Reuters称，今年早些时候接受检查的机构中超过半数进入“expedited review”，通常仅发现风险较低的轻微缺陷。众议院金融服务委员会推动的法案拟将CFPB监管门槛从资产规模$10 million提高至$30 million，并改变其资金来源，但该机构的未来仍取决于国会审议、法院裁决及后续政治变化。

Oct 9Fri
  3. CryptopolitanSource summary77

    Japan’s FSA asks banks and crypto asset exchanges to stop using identity document photo verification early

    Japan’s Financial Services Agency (FSA) has notified banks and crypto asset exchanges not to wait until April 1, 2027, but to stop requiring customers to upload photos of identity documents early and switch to verification by reading data from identity card IC chips. Under the new process, smartphones read the customer’s name, address, date of birth and facial photo, and match them against a live image of the applicant; the facial image capture step remains.

    推荐理由：The material explains Japan’s shift from identity document photo uploads to IC chip-based verification and notes that banks and crypto asset exchanges need to adjust their remote account opening processes in tandem.

  5. CryptopolitanSource summary57

    Scott Bessent称美国或在一周内查扣约 $1 billion 伊朗关联加密资产

    美国财政部长 Scott Bessent 表示，美国政府已知悉约 $1 billion 伊朗关联加密资产的存放位置，可能在一周内采取行动。相关钱包、法律程序以及行动是否已经启动尚未公开。Tether称今年已协助美国冻结约 $550 million USDT，FinCEN另提议撤销 Banque Misr UAE 对美国金融机构的代理行业务准入。

  7. CryptopolitanSource summary81

    Spain requires identity verification for all crypto ATM transactions

    Spain has passed Real Decreto 813/2026, requiring user identity verification for all crypto ATM transactions, with operators given 18 months to install electronic identification systems. Real Decreto-ley 25/2026, which took effect earlier, had already brought crypto-asset service providers under anti-money laundering obligations and implemented the Travel Rule set out in Regulation (EU) 2023/1113.

    推荐理由：Spain has written crypto ATM identity verification and the deadline for electronic identification systems into law, while also bringing them under AML obligations, helping to understand its approach to tightening crypto regulation ahead of its FATF assessment.

  8. CoinDeskSource summary80

    UK sanctions three crypto exchanges and multiple payment platforms linked to Russia

    The UK has added three cryptocurrency exchanges, multiple payment platforms and related individuals to sanctions measures comprising 38 new designations, saying they are suspected of helping Russia evade sanctions. The UK Foreign Office said some of the targets had processed or assisted transactions involving the A7 network, which operates the ruble-pegged stablecoin A7A5. The UK assets of designated entities will be frozen, and UK financial institutions will be prohibited from processing payments involving some of the related companies.

    推荐理由：The sanctions round restricts both the UK assets and some payment channels of designated entities, presenting concrete measures targeting a network suspected of helping evade sanctions.

  9. Bank of EnglandSource summary68

    CMORG completes SIMEX26 financial sector cloud service outage simulation exercise

    The Cross-Market Operational Resilience Group (CMORG), jointly chaired by Bank of England and UK Finance, completed SIMEX26 on 8 October 2026. The exercise focused on a global cloud service outage and involved 38 of the largest and systemically important banks and market infrastructure operators.

    推荐理由：The exercise demonstrated how the UK financial sector coordinates its response to a global cloud service outage and clearly required institutions to use the findings to strengthen their capabilities to address severe operational and cyber scenarios.

  11. CryptopolitanSource summary73

    U.S. Senator Investigates Cantor Fitzgerald’s Relationship with Tether and $250M in Earnings

    U.S. Senator Richard Blumenthal is demanding that Cantor Fitzgerald explain its oversight of Tether’s banking and sanctions compliance, as well as related communications and investigative actions.

    推荐理由：The materials present the Senate’s focus in investigating Tether’s compliance risks, Cantor Fitzgerald’s commercial interests, and Tether’s response to enforcement actions, helping map the chain of debate over stablecoin sanctions risks.

  12. Fintech News SingaporeSource summary83

    Singapore passes the Digital Infrastructure Bill, establishing licensing regimes for critical data centres and cloud services

    Singapore's Parliament passed the Digital Infrastructure Bill on October 7, 2026, establishing two licensing regimes for data centres and cloud services that affect critical services such as digital banking and payments. Critical data centres, cloud service providers, and data centres meeting the 3MW critical IT load threshold will face licensing, risk management, incident reporting, or energy efficiency requirements; certain violations may incur fines of up to S$1 million or 10 percent of annual turnover in Singapore.

    推荐理由：The Bill brings operational resilience, incident reporting, and energy efficiency requirements for data centres and cloud services into a licensing framework, enabling payment institutions to assess the compliance and continuity impacts of underlying infrastructure.

  13. CryptopolitanSource summary83

    ESMA Requires EU Crypto Firms to Exit Non-Compliant Stablecoins Within Three Months

    ESMA requires EU crypto firms to unwind existing exposures to stablecoins that do not comply with MiCA by January 8, 2027, and gives national financial regulators 90 days to supervise enforcement. Individuals holding USDT are not directly prohibited, but EU service providers regulated under MiCA must stop providing relevant access, while they may continue to offer exit services such as liquidation, conversion, withdrawals, transfers and custody.

    推荐理由：The material clarifies that the restriction is not a ban on individuals holding USDT, but a requirement for EU service providers regulated under MiCA to stop providing relevant access, helping readers distinguish between holding the asset and access to services.

  14. PYMNTSSource summary72

    OCC and Federal Reserve Fine American Express $350 million for AML Deficiencies

    OCC and Federal Reserve took enforcement actions against American Express and its related entities. OCC also imposed a $350 million civil money penalty and issued a cease-and-desist order against American Express National Bank for failing to establish and maintain an adequate BSA/AML compliance program. The regulators identified issues including insufficient compliance resources, risk assessments that did not incorporate business activities, and systemic deficiencies in suspicious activity monitoring and reporting processes.

    推荐理由：The original lists deficiencies in resources, risk assessment, and suspicious activity monitoring and reporting, while distinguishing the enforcement targets of OCC and Federal Reserve, making it easier to understand the AML regulatory requirements for large, complex institutions.

  15. Payments DiveSource summary83

    OCC and Federal Reserve Take Enforcement Actions Against American Express Over AML Deficiencies

    OCC and Federal Reserve simultaneously took enforcement actions over deficiencies in the AML programs of American Express and its subsidiaries. American Express National Bank was assessed a $350 million civil money penalty and received a cease-and-desist order.

    推荐理由：The regulatory orders cover fines, business risk assessments, and suspicious activity monitoring, helping readers understand the specific manifestations of AML failures at a large card issuer and the scope of the resulting measures.

  16. CoinDeskSource summary51

    美国参议员致信 Cantor Fitzgerald，调查其与 Tether 的关系

    美国参议员 Richard Blumenthal 致信 Cantor Fitzgerald CEO Brandon Lutnick，要求说明该公司与 Tether 的关系及相关保障措施。信中指出 Cantor 持有并管理 Tether 在美国的储备，并询问其如何调查 USDT 涉及非法金融、洗钱及规避俄罗斯制裁的指控；这些问题仍属调查事项，并非已确认事实。

  19. US Federal ReserveSource summary71

    Federal Reserve takes enforcement action against American Express, citing inadequate identification and reporting of money laundering-related suspicious activity

    Federal Reserve took enforcement action against American Express, stating that it failed to adequately identify and report certain suspicious activities related to money laundering. Federal Reserve also found significant deficiencies in the implementation of its enterprise-wide AML program, particularly involving its national bank; OCC has taken separate enforcement action against the bank.

    推荐理由：The enforcement action involves both suspicious activity monitoring and reporting and the execution of an enterprise-wide AML program, highlighting Federal Reserve’s specific areas of concern regarding anti-money laundering management at banking groups.

Oct 8Thu
  1. CoinDeskSource summary79

    ESMA requires EU crypto platforms to stop services related to non-compliant stablecoins within three months

    The European Securities and Markets Authority (ESMA) issued guidance requiring authorized EU crypto platforms to stop providing services that allow customers to purchase, trade, or increase their holdings of stablecoins that do not comply with MiCA requirements.

    推荐理由：The guidance applies MiCA’s authorization, reserve, redemption, and disclosure requirements for stablecoin issuers to platforms’ handling of existing holdings and service boundaries.

  4. PYMNTSSource summary73

    US community banking association sues OCC, challenging crypto trust bank charter rules

    Independent Community Bankers of America（ICBA）has filed a lawsuit in federal court against OCC, challenging its granting national trust bank charters to crypto companies that do not accept deposits and do not primarily conduct traditional fiduciary business.

    推荐理由：The case focuses on whether non-depository national trust banks can conduct broad crypto businesses, and also highlights the competitive divide between community banks and crypto companies over deposit insurance and compliance costs.

  5. Banking DiveSource summary43

    Federal Reserve 整合银行监管架构

    Federal Reserve 将银行监管职能重组为按州界划分的五个区域，取代12家储备银行的辖区边界，并强化区域领导者对监管活动的问责。监管委员会的职能和使用方式也将调整，但检查人员仍驻现有储备银行地点，继续监管原有银行。外界质疑重组能否促使检查人员更早识别并上报风险。

Oct 7Wed
  1. Bank of EnglandSource summary60

    Bank of England publishes minutes of London FXJSC Legal Subcommittee meeting, focusing on transition to 2026 FX Definitions

    Bank of England published the minutes of the London FXJSC Legal Subcommittee meeting held on June 16, with the 2026 FX Definitions and their implementation arrangements as the main focus. The four-year plan has entered the implementation phase, the SWIFT rulebook is expected to be updated in the summer, and the new definitions are scheduled to transition in November 2027, when the 1998 definitions will cease to apply. The new framework will be unified into a versionable digital system and will provide an implementation roadmap, guidance, and confirmation templates.

    推荐理由：The minutes provide a timeline for the transition from the 1998 definitions for FX contracts to the 2026 version, and set out the digital framework and implementation materials, helping market participants understand what they need to prepare.

  2. Bank of EnglandSource summary68

    PRA proposes linking 128 regulatory thresholds to nominal GDP with automatic increases

    The UK Prudential Regulation Authority (PRA) proposes that 128 regulatory thresholds for banks, insurers and credit unions automatically increase in line with nominal GDP going forward. These thresholds determine which regulatory rules apply to institutions, how the rules are implemented and their reporting obligations to the PRA, covering the £320 billion detailed capital reporting threshold and the £7,500 individual indebtedness threshold for credit unions. The first adjustment is proposed for 1 July 2031, with updates every five years thereafter; the consultation opens on 7 October 2026 and closes on 7 February 2027.

    推荐理由：The proposal would shift the updating of regulatory thresholds from ad hoc manual adjustments to regular indexation to nominal GDP, helping financial institutions anticipate changes in applicable rules, reporting obligations and compliance costs.

  3. PYMNTSSource summary58

    美国两名众议员提出法案，拟禁止制造和运营SIM box

    美国众议员Jefferson Shreve和Rob Menendez提出Stop SIM Box Scams Act，拟禁止制造、进口、销售、租赁、广告、持有或运营SIM box。法案还拟要求FCC与联邦执法部门协作，阻止相关设备进口并追查使用这些设备的诈骗集团。SIM box可容纳数百张SIM卡，诈骗者借此轮换电话号码，伪装所在地并实施包括杀猪盘在内的诈骗。

  4. Fintech News SingaporeSource summary74

    Singapore Parliament passes bill giving MAS power to set D-SIB loss-absorbing rules

    Singapore Parliament passed the Financial Services and Markets (Amendment) Bill on 6 October 2026, allowing MAS to require domestic systemically important banks (D-SIBs) to hold additional loss-absorbing instruments and other financial resources, and to implement the TLAC framework. The bill also allows MAS to set TLAC requirements and require banks to disclose their size and composition; violators may, upon conviction, be fined up to S$250,000. The amendment also clarifies MAS’s supervisory responsibilities for proliferation financing risks.

    推荐理由：The bill brings TLAC requirements, information disclosure and penalties for violations under MAS’s authority, providing a clearer regulatory framework for the resolution arrangements of Singapore’s D-SIBs.