Philippines SEC flags dYdX, six crypto platforms as unauthorized
Cointelegraph·60-word summary·1 min read
The Philippines SEC has flagged dYdX and six other crypto platforms as unauthorized, warning promoters could face fines up to 5 million pesos ($89,000) or 21 years in prison under local securities law. The move aims to regulate unapproved crypto activities and protect investors, emphasizing strict enforcement against unlicensed digital asset platforms in the country.
SEC Chair Paul S. Atkins is advancing a pro-crypto agenda, with plans for clearer regulations and reduced compliance burdens, potentially reshaping U.S. capital markets. A near-term innovation exemption for on-chain securities trading is under consideration, emphasizing a balance between fostering blockchain finance and maintaining investor protection. The SEC aims to coordinate more closely with the CFTC to streamline digital asset oversight.
Twelve major European banks, forming the Qivalis consortium, have selected Fireblocks to develop a euro stablecoin infrastructure compliant with MiCA regulations. The project aims to launch the stablecoin in the second half of 2026 under Dutch supervision, marking a significant step in European banking's adoption of Web3 and stablecoin technology.
Poland’s parliament is deadlocked over crypto legislation, failing to align local laws with the EU’s Markets in Crypto-Assets (MiCA) regulation. This impasse risks prompting local crypto companies to relocate abroad, as the country struggles to establish a clear legal framework for digital assets. The deadlock has persisted since early 2026, highlighting regulatory uncertainty in Poland’s crypto sector.
A survey by Börse Stuttgart Digital found that 35% of European investors would switch banks for better crypto services. Despite this interest, regulatory uncertainty continues to hinder progress in expanding crypto access within traditional banking. The survey highlights growing demand among investors for improved crypto integration, but regulatory clarity remains a key concern for future adoption.
BlackRock has increased its Bitcoin ETF holdings by $284 million, reflecting strong institutional confidence amid a focus on reaching $80,000 Bitcoin prices. The move highlights ongoing institutional interest in Bitcoin, with market shifts potentially driven by geopolitical stability and ETF developments. The news underscores BlackRock’s significant role in shaping crypto market dynamics in 2026.
Morgan Stanley’s new spot Bitcoin ETF has attracted over $139 million in assets within just nine days of launch, reflecting strong early institutional interest. The ETF’s rapid growth highlights growing demand for regulated crypto investment products among institutional investors. This milestone underscores Morgan Stanley’s significant entry into the crypto market and the increasing acceptance of Bitcoin ETFs.