Policy Event Β· High impact

Bank of England Softens Stablecoin Reserve Plan to Allow Short-Term Gilts

The Bank of England is reported to be revising its systemic sterling stablecoin approach so issuers may hold up to 60% of reserves in short-term UK government debt rather than placing all reserves at the central bank. The shift would materially improve the economics of GBP stablecoins while keeping the regime inside prudential supervision.

High impactπŸ‡¬πŸ‡§ United KingdomRegulationStablecoinGBPBank of EnglandFCA

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Protocols/assets in scope: GBP. Named institutions or platforms: Bank of England, FCA. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

View related Regulation tracker page β†’

Related policy events

Circle And Tether Freeze Stablecoins Linked To Bitget Exploiter Wallet

Circle and Tether blacklisted a wallet labeled Bitget Exploiter 8, freezing about 218,023 USDT and 99,990 USDC after the Bitget theft. The response shows how stablecoin issuer blacklist authority, on-chain labeling and exchange intelligence-sharing drive post-hack sanctions and asset recovery workflows.

High impact🌐 GlobalAMLStablecoinEnforcementUSDTUSDCETH

Polymarket Bank Failure Contracts Draw FDIC Scrutiny

Bloomberg reported that FDIC officials are monitoring Polymarket contracts tied to potential failures of major banks including JPMorgan, Bank of America and Wells Fargo. The concern shifts prediction-market compliance from event-contract listing rules into run-risk, information-integrity and bank-stability controls.

High impactπŸ‡ΊπŸ‡Έ United StatesRegulationExchangeBankingUSDCUSDT

SEC Staff FAQ Clarifies Crypto Asset Securities Analysis

The SEC Division of Corporation Finance issued FAQ-style guidance on crypto asset classification, staking receipt tokens, issuer repurchases and when secondary-market venues may be treated as promoters. The guidance affects token issuance, staking wrappers and exchange listing controls under U.S. securities law.

High impactπŸ‡ΊπŸ‡Έ United StatesRegulationStakingExchangeETHBTC

Sixth Circuit Lets States Regulate Kalshi Sports Event Contracts

The Sixth Circuit ruled that Ohio and Tennessee may apply state gambling laws to Kalshi sports event contracts because Kalshi had not shown the contracts qualify as swaps under CFTC exclusive jurisdiction. The decision fragments prediction-market compliance across federal derivatives law and state gaming regimes.

High impactπŸ‡ΊπŸ‡Έ United StatesRegulationExchange