Headlines

May 2026

UK Sanctions Strike Russia-Linked Crypto Networks in Sweeping Crackdown

Joseph Rees03 mins

Key Takeaways Britain sanctioned crypto exchanges, payment providers, and individuals linked to Russia-focused financial networks. Officials connected the A7 network to military procurement, oil proceeds, and cross-border settlement channels. Stablecoin infrastructure and exchange screening now face heightened scrutiny across U.K. crypto compliance operations. Crypto Exchanges Face UK Regulation 17A Action Britain announced on May 26…

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BIS tokenization moves to real value payments

Adam Forsyth03 mins

BIS tokenization work has cleared its atomic settlement prototype phase and will graduate to real-value cross-border payment trials. Summary Project Agora demonstrated tokenised cross-border settlement across seven central banks and more than 40 financial institutions. The Bank of Canada joined Wednesday, with real-value transactions set as the next testing milestone. The prototype preserves correspondent banking,…

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Coins.ph Expands QRPh Crypto Payments to Support Bitcoin and Ethereum

Joseph Rees02 mins

Locally licensed platform Coins.ph has expanded its QRPh crypto payments feature to support Bitcoin (BTC) and Ethereum (ETH). The update allows users to spend these cryptocurrencies at approximately 700,000 QRPh-enabled merchants nationwide, the company announced. The payment system utilizes QRPh, the national QR standard developed by the Bangko Sentral ng Pilipinas (BSP), to automatically convert…

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Trump Vows Crypto Market Structure Law That ‘Cannot Be Undone’

Joseph Rees03 mins

Key Takeaways Trump promised lasting crypto legislation designed to survive future regulatory leadership changes. Federal market structure rules could reshape oversight for exchanges, tokens, and derivatives. Congress now faces pressure to convert pro- crypto messaging into binding U.S. legislation. Trump’s Crypto Push Widens Around Market Structure Law President Donald Trump intensified his administration’s push for…

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HTX denies UK sanctions tied to Russia

Adam Forsyth04 mins

HTX denies UK sanctions allegations after the Foreign Office accused affiliate Huobi Global S.A. of funnelling $1.5 billion to Russia. Summary HTX says UK sanctions apply only to Huobi Global S.A. and do not affect its operating exchange. The Foreign Office accuses the affiliate of funnelling $1.5 billion to Russia through A7 and Garantex. Global…

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Exclusive: Globe Confirms Polymarket Block Following PAGCOR Order

Joseph Rees03 mins

Globe Telecom has confirmed that it blocked access to the decentralized prediction market Polymarket following an endorsement from the Philippine Amusement and Gaming Corporation (PAGCOR). The blocking order comes amid the platform’s introduction of active betting contracts on local political events, including the upcoming impeachment trial of Vice President Sara Duterte, as well as active…

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