Policy Event Β· Medium impact

UK HMRC Recovers More Than GBP8 Million From Crypto Tax Settlements

HMRC has reached settlements with 502 crypto investors over the past two years, recovering more than GBP8 million as international crypto-asset reporting rules raise tax visibility. The enforcement trend increases pressure on exchanges and wallet providers to support transaction-history exports, source-of-funds explanations and tax-reporting controls.

Medium impactπŸ‡¬πŸ‡§ United KingdomTaxationEnforcementHMRC

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. Named institutions or platforms: HMRC. 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 Taxation tracker page β†’

Related policy events

Notional Finance Exploit Sends Stablecoins Through Tornado Cash

A reported Notional Finance custody contract exploit led to about USD 1.7 million in DAI and USDC losses, with funds swapped into ETH and deposited into Tornado Cash. The flow affects exchange deposit monitoring, sanctions screening, victim recovery, and root-cause disclosure expectations for DeFi custody contracts.

High impact🌐 GlobalAMLEnforcementDeFiDAIUSDCETH

FinCEN Flags Nearly 13 Billion Linked To Overseas Digital Asset Scam Centers

FinCEN published an analysis identifying nearly $13 billion in suspected digital asset scam activity operated by overseas scam centers. The alert raises BSA monitoring expectations around USDT flows, DeFi conversion paths, and suspicious activity reporting by financial institutions.

High impactπŸ‡ΊπŸ‡Έ United StatesAMLEnforcementStablecoinDeFiUSDT

Singapore Police And DPT Providers Foil Nearly 9 Million In Scam Losses

Singapore Police Force Cyber Command worked with eight digital payment token providers and blockchain analytics firms to identify scam victims and prevent nearly S$9 million in losses. The action shows Singapore moving crypto exchanges and analytics vendors into routine anti-scam controls.

High impactπŸ‡ΈπŸ‡¬ SingaporeAMLEnforcementExchangeBTCETHUSDT

CFTC Moves To Dismiss CME Suit Over Crypto Perpetuals Regulation

The CFTC reportedly moved to dismiss CME's lawsuit over crypto perpetual contract regulation, arguing CME lacks standing because current policy also allows CME to list comparable products. The dispute sharpens the regulatory path for US-listed crypto perpetuals, including venue qualification, clearing, margin and self-certification controls.

High impactπŸ‡ΊπŸ‡Έ United StatesRegulationExchangeEnforcementBTCETH