🌐 Digital Asset Regulation: Global Shifts You Shouldn’t Miss This Month
Regulators worldwide accelerated major policy developments, revealing very different approaches to crypto oversight – but a shared focus on risk, transparency, and structured compliance.
Poland: President Vetoes Strict Crypto Bill
Poland’s president rejected the proposed Crypto-Asset Market Act, warning it would overregulate, raise excessive fees, and push innovation abroad. Critics argue it leaves consumers vulnerable ahead of MiCA’s EU-wide protections in 2026.
United States: Renewed Push for Market Structure Legislation
Republican lawmakers released a report alleging prior “debanking” of crypto firms and urged Congress to pass the CLARITY Act to create clear rules, avoid enforcement-only regulation, and allow US banks to engage safely in digital assets.
China: Crypto Ban Reaffirmed – Stablecoins Targeted
China’s central bank said crypto speculation has “resurfaced” and vowed stronger coordination across 13 agencies to suppress trading, stablecoins, and cross-border flows, citing AML and identification concerns.
Russia: Considering Looser Crypto Rules Amid Sanctions
The Bank of Russia is discussing removing tight “super-qualified investor” rules to make crypto more accessible for international payments, linking the shift directly to Western sanctions.
🌍 Global Tax Updates: Seven Jurisdictions Move at Once
– US reviewing IRS participation in the global Crypto-Asset Reporting Framework
– Spain proposes top 47% crypto tax
– Switzerland delays reforms to 2027
– Brazil considers taxing cross-border crypto transfers
– Japan exploring a lower 20% tax rate
– France weighing an “unproductive wealth” tax
– UK confirmed in its 2025 Budget that from January 1, 2026, crypto traders must report personal details and transaction data to trading platforms under the OECD’s CAFR, which will share this information with HMRC.
Brazil: A Full National Crypto Framework Arrives
Brazil’s central bank introduced a comprehensive regulatory regime requiring:
– Licensing for all virtual asset service providers
– Strong AML/CTF, Travel Rule, client asset segregation, and transparency
– Capital requirements of R$10.8M–R$37.2M
– Robust cybersecurity, audits, governance, and smart-contract oversight
– New FX-style rules for cross-border stablecoin and virtual asset transfers
»»» Brazil is positioning itself as a regional regulatory leader in LATAM.
What This Means for Compliance & Industry Players?
Clear global trends are emerging:
1️⃣ Strengthened AML and reporting obligations
2️⃣ Heightened scrutiny of stablecoins
3️⃣ Licensing + cybersecurity becoming baseline requirements
4️⃣ Growing regulatory divergence requiring adaptable compliance frameworks
»»» Digital Assets are entering a more structured, risk-aware, and globally coordinated phase.
At UDA, we put compliance at the forefront of our work in digital assets and like to stay – and keep our clients – updated on the latest regulations.
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