
South Korea's Financial Services Commission (FSC) opened a public comment period on October 2 for detailed rules on tokenized securities, running through November 11, with formal implementation planned for February 4, 2027. The new rules allow traditional securities such as stocks, bonds and funds to be issued and traded in tokenized form, treating tokenized securities as regulated securities rather than a separate crypto asset class. Retail investors face an annual net purchase cap of 100 million won per licensed OTC exchange; issuers managing client accounts themselves must meet a 4 billion won capital requirement and staffing standards for compliance and technology, while distributed ledgers must involve two account managers and the Korea Securities Depository.
4 hours ago

The TRUMP memecoin team is holding a dinner contest where the top 185 holders can dine with Donald Trump on November 22. The top 29 get VIP treatment, and the top four receive 18K gold Trump watches. Rankings are based on a weighted score of holding amount and duration from September 30 to November 12. The token now trades at about $2.04, down roughly 97% from its peak. Nansen data shows nearly 989,000 wallets had lost a combined $3.81 billion as of June. US senators previously urged the SEC to investigate the token and its financial arrangements.
16 hours ago

Kalshi has launched fully regulated Dogecoin perpetual futures in the US, giving retail traders access to DOGE perps under CFTC oversight. Contracts are sized at 10 DOGE with max leverage of 3.8x long and 2.8x short, priced off CF Benchmarks' DOGEUSD_RTI spot index, with funding recalculated every eight hours. First-day volume hit roughly $952,100 with $553,300 in open interest and shorts slightly ahead. Trades qualify for the 60/40 tax treatment under Section 1256, though accounts aren't FDIC or SIPC protected.
17 hours ago

Ghana has become sub-Saharan Africa's fifth-largest crypto market, with annual trading volume estimated at around $21 billion. IMF data shows 8% to 17% of Ghanaians have bought or sold crypto assets, with stablecoins growing fastest for transactions, inflation hedging, and cross-border settlements. Ghana's 2025 Virtual Asset Act grants joint regulatory authority to the central bank and the SEC, with 20 firms now operating in the SEC's sandbox across exchanges, tokenization, brokerage, and trading services. Regulators estimate the ecosystem serves over 3 million users.
21 hours ago

Tokenized real-world assets have topped $34 billion, growing over 140% in the past year, according to Dune. Tokenized equities are dominated by single-company stocks, which make up 81% of holdings versus just 19% for ETFs. Though equities are a small share of asset supply, they drove 93% of August spot trading volume, with $12.6 billion in spot trades and $72.4 billion in stock perpetuals. Asian stocks account for 24% of stock perpetual open interest, with memory chip names especially active. The SEC has allowed qualified platforms to test tokenized U.S. equity trading under strict conditions.
23 hours ago

The U.S. Senate's procedural vote on the CLARITY Act failed 49-50, falling short of the 60-vote threshold. Stand With Crypto, a Coinbase-backed advocacy group, has since endorsed Senate candidates in Ohio, Iowa, and New Hampshire, aiming to reshape the chamber and advance the digital asset market structure bill. But analysts note that one of the three candidates already supports the bill, and another's incumbent predecessor voted yes. Even if New Hampshire flips, supporters would reach only 50 votes—still 10 short of the 60 needed, leaving the bill's path forward difficult.
2026-10-01

On September 28, the CFTC submitted two event contract rules to the White House's Office of Information and Regulatory Affairs: one would bring event contracts under the swap definition (RIN 3038-AF82), while an interim final rule would exclude casino-style gaming products from that definition (RIN 3038-AF81). Five days earlier, the Sixth Circuit ruled that certain sports contracts are not swaps, letting Ohio and Tennessee apply their state gambling laws. Neither rule has been published in the Federal Register, so both remain non-binding, and the line between federal and state oversight is still unresolved.
2026-10-01

European regulators are investigating how Binance continues serving EU users through a 'reverse solicitation' exemption. After failing to secure a MiCA license, Binance was expected to wind down EU operations starting July 1. ESMA and regulators in France, Germany, and Greece have demanded information from Binance, with potential fines if unsatisfied. Binance now serves EU clients via an Abu Dhabi entity, as its registrations in six countries have lapsed. Binance says it is actively pursuing MiCA authorization and stresses compliance with local laws.
2026-10-01

South Korea's Financial Services Commission has proposed a regulatory framework for tokenized securities, bringing stocks, bonds, and funds into a supervised tokenization system. Retail investors would be capped at 100 million won in annual net purchases per approved OTC platform. Qualified issuers need 4 billion won in equity to directly manage tokenized securities accounts. The rules take effect on February 4, 2027, with a public comment period from October 2 to November 11. The first phase focuses on institutional private money market funds and bonds, tokenization of unlisted stock trusts, and publicly offered fractional investment securities, with traditional public securities to follow in later phases.
2026-10-01

EU regulators are examining whether Binance improperly used the MiCA 'reverse solicitation' exemption to keep serving some EU customers without MiCA authorization. ESMA stresses the exemption is very narrow and must not be used to sidestep MiCA. Some regulators have requested information from Binance and could impose fines if unsatisfied. Binance says it is actively pursuing MiCA authorization and complies with applicable rules where it operates.
2026-10-01