Payments Daily · Thursday, November 5, 2026Daily
PAY.NEWS
Block and the U.S. Department of Justice Reach Agreement in Principle on $964 Million Deal
Block said it has reached an agreement in principle with the U.S. Department of Justice on a deal totaling $964 million, of which $764 million will be used to resolve allegations that its anti-money-laundering program was ineffective and that it allegedly violated the Bank Secrecy Act. Morgan Stanley, meanwhile, created blockchain-based digital versions of U.S. stocks and U.S. Treasuries through the DTCC Tokenization Service.
Payments & Infrastructure
Bank of EnglandFirst partyBank of England Publishes Minutes of RTGS CHAPS Industry Forum, Discussing Extended Settlement Hours and Synchronized Settlement
The Bank of England updated progress on extended settlement hours, synchronized settlement, and structured addresses at the RTGS CHAPS Industry Forum. Implementation work to begin CHAPS operations at 1:30 a.m. is underway, with an initial estimate that approximately 20% of CHAPS payments will settle before 6 a.m.; responses to the consultation on extended hours will be published in early 2027.
Stablecoins & On-chain
PYMNTSCircle’s $13.9 trillion Stablecoin Paradox: Payments Increase but Profit per Dollar Falls
Circle’s third-quarter 2026 results showed that USDC processed $13.9 trillion in on-chain transactions, up 49% year over year, but circulation was approximately $73.9 billion and essentially flat, while reserve income fell 8% to $658 million.
Regulation & Compliance
PYMNTSCFTC Greenlights Perpetual Futures on Individual Stocks Traded on U.S.-Registered Exchanges
The CFTC has cleared the way for perpetual futures linked to individual stocks to be traded on U.S.-registered exchanges, allowing these leveraged stock-exposure contracts with no expiration date to enter regulated U.S. markets. Under the Commodity Futures Modernization Act of 2000, these contracts are considered security futures products and are jointly regulated by the CFTC and SEC; traders must still fulfill margin and funding obligations.
Payments DiveBlock and the U.S. Department of Justice Reach Agreement in Principle on $964M Deal
Block said it has reached an agreement in principle with the U.S. Department of Justice on a deal totaling $964M, under which it will pay $764 million to resolve allegations that its anti-money-laundering program was ineffective and that it allegedly violated the Bank Secrecy Act. If Block fulfills the terms of the agreement, the DOJ will defer the related charges for three years and may dismiss them; Block will also receive a $200 million credit for prior regulatory settlements. The company said the agreement has not yet been finalized, and the final loss could exceed the $764 million already accrued.
FCA Urges Financial Firms to Prepare Immediately for Post-Quantum Cryptography Migration
The FCA urged financial firms to immediately inventory their existing cryptographic technologies and plan migration to address security risks that future quantum computing may pose. The NCSC recommends that businesses complete migration plans by 2028, carry out high-priority migrations by 2031, and migrate all systems, services, and products to post-quantum cryptography by 2035. The FCA also said it is piloting a regulatory self-assessment tool and will consult on cyber-resilience guidance.
Regulated Crypto Trading to Launch in Russia on December 1, with Sberbank and MOEX Participating First
Russia will launch regulated cryptocurrency trading on December 1, with Sberbank and MOEX planning to offer related services first. MOEX will support order-book and swap trading in BTC, ETH, and USDT, while Sberbank plans to offer cryptocurrency buying and selling, deposits, and withdrawals. For non-qualified retail investors, the assets currently approved include only BTC, ETH, and USDT.
Companies & Markets
Fintech News SwitzerlandEurex Clearing Brings Digital and Traditional Assets into the Same Clearing Framework
Eurex Clearing will clear natively digital instruments and traditional securities under the same rulebook and risk model, creating what it calls a hybrid central counterparty (CCP). These digital instruments will trade in the GC Pooling segment of Eurex Repo and can serve as margin collateral and eligible collateral in the ECB GC Pooling basket; clients can access them without adding new connections, risk models, or legal agreements.
Morgan Stanley Tokenizes U.S. Stocks and U.S. Treasuries Through the DTCC Tokenization Service
Morgan Stanley said it created blockchain-based digital versions of U.S. stocks and U.S. Treasuries through the DTCC Tokenization Service, launched on October 28. The service is operated by DTC, and the tokens correspond to securities registered with DTC. They can be transferred between approved wallets or restored to their original state, but this does not mean that U.S. stocks can already be freely traded around the clock.
PYMNTSYellow Card Acquires GoMoney, Expanding Stablecoin Payments Business to Brazil
Yellow Card completed its acquisition of Brazilian virtual asset service provider GoMoney, thereby establishing a direct business presence in Brazil. GoMoney has applied to the Banco Central do Brasil for authorization to operate as a virtual asset service provider and will continue operating under Brazil’s transitional regime during the review. The transaction adds local Brazilian real collection and payment capabilities for Yellow Card customers, including through Pix, as well as stablecoin settlement.