SVG registers companies, not brokers. Anjouan approvals are not recognised. Seychelles, Vanuatu and Mauritius impose real capital — and banks are now pricing the difference.
The EU dropped its inducements ban in the December 2025 RIS deal and replaced it with a value-for-money product gate that gives supervisors more leverage.
From the FCA's criminal charges to the UAE's mandatory licence, finfluencer rules hardened fast - five rulebooks now split the UK, Australia, France, UAE and US.
New York sued Kalshi on July 31 seeking treble fines, defying the Third Circuit's preemption ruling. Six jurisdictions, three answers — and a Supreme Court question forming.
SEC guidance splits tokenised stocks into issuer-authorised, custodial and synthetic tiers — and the delayed innovation exemption leaves the US without an onshore venue until 2027.
Russia's crypto law takes effect September 1, 2026 with licensed exchanges, capital-tiered depositories and retail caps - while the payments ban stays intact.
MiCA's transition closed on 1 July 2026 with 244 authorised CASPs out of 1,200+ registered firms. What the 20% conversion rate means for wind-downs and enforcement.
The EU's PSR reimburses PSP-impersonation fraud in full with no cap. The UK stops at £85,000. Singapore guarantees nothing. Cross-border firms need three engines.
FCA 2026/30 rehouses MiFID RTS 1 equity transparency into MAR 11A.7 from September 28, 2026 - and hands the UK unilateral control as the EU builds its tapes.
The SEC, FCA and ESMA now police the compensated endorsement through three incompatible mechanisms. Firms distributing across all three face the strictest combination, not the local rule.
ESMA told firms on July 3 that event contracts meeting the MiFID II test are binary options - already banned for EU retail since 2018. The mirror image of the US position.
ESMA's 2026 Common Supervisory Action puts CFD broker conflicts under EU-wide inspection while its own risk-committee chair says prop trading is no priority.
ESMA completed its three-asset-class consolidated tape lineup on July 6, 2026, but none is authorised - while the UK's bond tape has run live since June 22.
The Fed, FDIC and OCC pledged 72-hour breach notice to banks, twice the 36-hour rule they enforce. What the July 16 guidance requires, and where it stops.
The GENIUS Act's July 18 rulemaking deadline passed with Treasury's foreign-issuer comparability regime unfinished — and no determination covering $189bn of USDT.
UK BNPL regulation began July 15, 2026. How the FCA regime compares with CCD2, Australia's licence rules and the US state patchwork - and what firms must do.