Legislation News

Pakistan’s central bank has allowed banks to open accounts for licensed virtual asset service providers, ending years of restrictions and marking a shift toward a regulated framework.

The European Central Bank said tokenization could improve EU capital markets, but only with central bank money, interoperable infrastructure and resilient regulation.

Dubai’s regulator issued new guidance placing token launches into three buckets, tightening disclosure and governance standards for stablecoins, RWAs and other digital assets.

Hong Kong’s first stablecoin licences failed to materialize by the expected end of March target, with the HKMA saying only that it is still advancing the process.

US Fed Governor Michael Barr said clearer US rules could help the market grow, but warned that GENIUS Act implementation must still guard against runs, weak reserves and illicit finance.

Bitcoin Bond Company CEO Pierre Rochard says US regulators’ Basel III revamp cannot quietly decide how banks treat Bitcoin without clearly explaining the rules and evidence behind them.

Coinbase is reportedly still pushing back against stablecoin yield provisions in the Senate’s crypto market structure bill, a move that has derailed past efforts to advance the legislation.

The ECB’s Piero Cipollone said the central bank wants key technical standards for a possible digital euro locked in by this summer so banks and merchants can prepare for the rollout.

The Senate Banking Committee has been looking to advance its crypto market structure bill since postponing a markup in January.

Australia is moving closer to a new licensing regime that would bring crypto exchanges and tokenization platforms into the Australian Financial Services Licence regime.

Senator Angela Alsobrooks says she’s working on a proposal to move a key crypto bill forward, but crypto and the banks will have to compromise.

Nigel Farage’s Reform UK reportedly secured a second boost of 3 million British pounds ($4 million) from Thailand-based crypto investor Christopher Harborne

Lawmakers asked if stablecoins could drain bank deposits and threaten financial stability, while Coinbase and Innovate Finance warned that strict regulation risks driving innovation offshore.

The amendment appears in a broader housing bill and revives language from earlier standalone efforts to block a Fed-issued digital dollar.

The ruling keeps pre‑2019 investor claims in open court and rejects Binance’s bid to send the dispute to private arbitration in Singapore.