Policy Event Β· High impact

Block Applies For OCC National Trust Bank Charter

Block applied to the Office of the Comptroller of the Currency to form Builders Bank & Trust, N.A. as an uninsured national trust bank for bitcoin, stablecoin and fiduciary custody services. If approved, the federal trust-bank path would move private-key control, customer asset segregation, BSA/AML governance and stablecoin custody duties under OCC supervision.

High impactπŸ‡ΊπŸ‡Έ United StatesLicensingCustodyBankingAMLBTCBlockOCCBuilders Bank & Trust

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: BTC. Named institutions or platforms: Block, OCC, Builders Bank & Trust. 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 Licensing tracker page β†’

Related policy events

DMCC Tokenizes World Record Silver Bar Under VARA Framework

DMCC launched the first tokenized commodity asset under the DMCC-VARA framework, using a 1,971 kg Guinness World Record silver bar manufactured by SAM Precious Metals as the physical reference asset. The structure makes vault custody, insurance, ownership records, token supply reconciliation, redemption terms and freeze controls central to RWA compliance.

High impact🌐 AETokenizationRegulationLicensingRWA

Gemini Singapore Wins MAS Major Payment Institution Licence

Gemini Digital Payments Singapore received a Major Payment Institution licence from the Monetary Authority of Singapore covering digital payment token and payment services. The approval expands Gemini's licensed Singapore operating perimeter while raising ongoing obligations around customer asset segregation, AML/KYC, suspicious transaction reporting and group cross-border servicing.

High impactπŸ‡ΈπŸ‡¬ SingaporeLicensingRegulationAMLExchange

Germany Drafts Crypto Withholding Tax For Post-2026 Assets

Germany's draft crypto tax reform would move gains on exchangeable crypto assets acquired after December 31, 2026, plus lending and staking income, into capital-income withholding treatment. The change would push exchanges, custodians and yield-product operators into auditable cost-basis, acquisition-date and income-source reporting workflows.

High impactπŸ‡©πŸ‡ͺ GermanyTaxationRegulationAMLBTCETH

Kalshi Commodities Event Contracts Exceed Four Hundred Million Monthly Volume

Kalshi said monthly commodities event-contract volume exceeded $400 million seven months after launch, outpacing the platform's early crypto-market growth. The expansion of CFTC-regulated prediction markets into commodity-linked contracts increases scrutiny on settlement sources, data revisions, position limits, geofencing and market-integrity controls.

Medium impactπŸ‡ΊπŸ‡Έ United StatesRegulationExchange