Top 10 crypto‑regulation updates happening worldwide today:
🌐 1. 🇺🇸 U.S. Senate passes GENIUS Act
Bipartisan Senate approved the GENIUS Act (68–30), which mandates reserves and monthly disclosures for stablecoin issuers—and allows banks to launch their own. It now heads to the House, with potential presidential signature by late summer .
🇪🇺 2. EU fully implements MiCA
The EU’s Markets in Crypto‑Assets regulation is now in full effect, with detailed technical standards in place. Gemini is among the first to gain pan‑EU licenses .
🇰🇷 3. South Korea expands oversight & opens to institutional investors
The FIU is cracking down on unregistered overseas exchanges and preparing to allow institutional players in Q3 2025 under the Virtual Asset User Protection Act .
🇵🇰 4. Pakistan launches its own Crypto Council
The Pakistan Crypto Council (PCC), backed by Pakistani government and led by PM-appointed CEO and strategic advisor Changpeng Zhao, aims to build formal regulations and has even begun establishing a “Strategic Bitcoin Reserve” .
🇹🇷 5. Turkey tightens CASP licensing
Turkey’s Capital Markets Board now requires crypto-asset service provider (CASP) licensing, enforcing capital and operational standards on exchanges since March 2025 .
🇻🇳🇸🇬 6. Singapore–Vietnam regulatory collaboration
MAS (Singapore) and SSC (Vietnam) are working to harmonize digital‑asset frameworks, supporting Vietnam's effort to formally regulate crypto .
🇨🇦🇧🇷 7. Brazil allows Bitcoin wage payments
Legislation introduced in March 2025 permits employees to receive part of their salary in Bitcoin—a first of its kind .
🇷🇺 8. Russia recognizes crypto as property
Vladimir Putin signed laws treating crypto as property, exempting mining and trading from VAT, and taxing income while central bank oversees regulatory framework .
🇯🇵 9. Japan ramps up oversight of foreign exchanges
Japan’s FSA has warned unregistered exchanges like KuCoin and Bybit, while chilly tax reform lowered crypto gains tax to 20% .
🇨🇭 10. Switzerland moves to integrate BTC into reserves
A constitutional “Bitcoin Initiative” was approved for signature collection. It would require the Swiss National Bank to hold BTC reserve alongside gold—but national referendum is still needed .
🔍 Honorable Mentions
UK draft law protecting investor interests including staking & stablecoins by 2025 .
Hong Kong advancing stablecoin licensing and virtual asset frameworks .
UAE (Dubai/Bahrain) regulators enhancing marketing & custody rules under VARA/CBB .
OECD’s Crypto-Asset Reporting Framework (CARF) to be adopted by EU in 2026 .
✅ Summary
Regulatory momentum is surging globally—with major jurisdictions like the U.S., EU, South Korea, and Pakistan stepping in to formalize frameworks. Approaches vary: some focus on consumer protection/stablecoins, others enable institutional participation, while tax and asset classification reforms continue to unfold.