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Regulation
UK Group to Test Stablecoin Payments, Provide Data to Bank of England
The Digital FMI Consortium, a group of private-sector companies, will start a pilot scheme in October and run it for a minimum of a year.

SEC Files Complaint Against Dragonchain for Unregistered Initial Coin Offering
The complaint alleges the blockchain startup failed to register more than $16 million in crypto asset securities.

Congress Must Decide How Cryptos Should Be Regulated, Former CFTC Commissioner Says
Dawn Stump told CoinDesk TV’s “First Mover” that lawmakers need to determine whether digital assets are commodities or securities.

Tencent Halts NFT Sales on Its Huanhe Platform Amid Regulatory Scrutiny: Report
Users will still be able to hold, display or request a refund for their digital tokens.

Digital Bank Revolut Gets Approval to Offer Crypto Services Throughout Europe
The authorization will let the firm, which was valued at $33 billion in a recent funding round, offer crypto services to its 17 million customers in the European Economic Area.

Let Ugly Ducklings Grow: Why Crypto Needs a Safe Harbor
Too much much regulation may hinder the development of viable decentralized models.

US Regulators Consider Asking Large Hedge Funds to Disclose Crypto Exposure
The proposal involves adding a question about digital assets to reporting requirements that also cover private credit and equity and real estate.

Crypto’s Downturn Makes Space for Education and Regulation
Investors can still become early adopters before crypto reaches full maturity.

Binance Among Crypto Exchanges Blocked as Uzbekistan Clamps Down
FTX and Huobi are also inaccessible as the authorities restrict access to unlicensed centralized trading platforms.
