Why the FATF Travel Rule still splits VASP compliance in 2026
In 2026, 85 jurisdictions have adopted the FATF Travel Rule but most don't enforce it. How the EU, UK, US and Singapore diverge — and the sunrise problem it leaves.
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Regulation
Enforcement, licensing and rule-making from the SEC, FCA, CySEC, ASIC and the rest.
188 stories since 2018 · page 6 of 10
June 2026
Why the US stablecoin KYC rule stops at the issuer’s door
A five-agency FinCEN rule makes US stablecoin issuers BSA financial institutions, but the KYC duty stops at the issuer — leaving the secondary market open.
Retail FX leverage caps hold at 30:1 as enforcement goes offshore
Retail FX leverage caps hold at 30:1 across the EU, UK and Australia, but 2026 enforcement targets the offshore funnel — CySEC's FXNET and SquaredFinancial cases.
BoE’s £40bn stablecoin cap deepens the EU–US reserve split
The Bank of England's £40bn stablecoin cap and 70/30 reserve rule diverge from MiCA and the GENIUS Act, leaving issuers with three incompatible regimes.
Tokenised securities split EU, UK, US and Singapore rules in 2026
As tokenised real-world assets pass $20bn, the EU, UK, US and Singapore are diverging on tokenised-securities rules — creating real regulatory-arbitrage risk.
Best execution splits EU, UK and US FX rules in 2026
Best execution returns to FX supervision in 2026: ESMA's new RTS repeals RTS 27/28, the FCA scrapped them in 2021, and the US keeps a prescriptive duty.
Why crypto staking rules split the US, EU and UK in 2026
Crypto staking is regulated four ways across the US, EU, UK and Hong Kong. From the Kraken reversal to MiCA's July 1 deadline and the FCA's new regime.
AMLA’s single rulebook splits EU AML from the US and UK
From July 10, 2027 the EU's AMLR single rulebook and Frankfurt's AMLA centralise AML supervision over banks, crypto and FX firms — diverging from the US and UK.
How regulators are closing in on retail prop trading in 2026
Retail prop-trading firms face a regulatory squeeze across the US, EU, UK and Australia in 2026 after the CFTC's My Forex Funds case collapsed.
EU’s PFOF ban hits its June 30 cliff as the US keeps it legal
From June 30, 2026, MiFIR Article 39a bans payment for order flow across the EU as Germany's exemption expires — while the US keeps PFOF legal under disclosure.
Basel’s 1,250% crypto capital rule reopens as the US and UK opt out
Basel's SCO60 imposes a 1,250% capital charge on crypto from January 1, 2026 — but the US rejected it, the UK held back, and only the EU is transposing it in full.
Why sanctioning crypto code splits the US, EU and UK in 2026
After the Van Loon ruling forced the Tornado Cash delisting, the US, EU and UK are diverging on sanctioning crypto code and developer liability in 2026.
Hong Kong’s stablecoin licences expose a global issuer split
Hong Kong's first stablecoin licences complete a five-jurisdiction map where HK, Singapore, Japan, the US and EU agree on reserves but split on who can issue.
MiCA 2: the EU reopens its crypto rulebook 18 months in
The EU's MiCA review consultation reopens the crypto rulebook 18 months in — DeFi, staking, perps and the stablecoin ban that pushed out USDT all on the table.
Why Europe’s T+1 October 2027 deadline is an FX problem
The EU, UK and Switzerland move to T+1 on October 11, 2027 — ESMA wants the build done by Q4 2026. Why FX funding, CLS cut-offs and prefunding are the risk.
Why EU regulators are pulling prop trading inside MiFID II
FSMA, CONSOB and the Czech National Bank are pushing funded-trader firms towards MiFID II just as the CFTC's My Forex Funds case collapsed in sanctions.
How Kalshi v. Flaherty splits event contracts from gambling law
Kalshi v. Flaherty: the Third Circuit rules CFTC jurisdiction preempts state gambling law for event contracts — while the UK and Ontario draw the opposite line.
How DORA’s cloud oversight splits the EU, UK and US in 2026
DORA put EU regulators directly over Amazon, Microsoft and Google in 2026. How the EU, UK and US split on overseeing the cloud the financial system runs on.
