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Kraken Financial has secured a Federal Reserve master account, giving the crypto-focused bank direct access to U.S. central bank payment rails. The development could reduce reliance on intermediary banks and signal a shift in how crypto institutions interact with the traditional financial system.

Bermuda is moving toward an on-chain economy through early 2026 pilots focused on stablecoin settlement and payment infrastructure. With a reinsurance-heavy, cross-border economy, the island is testing whether faster rails can reduce fees while staying inside a regulated framework.

Revolut has been selected for the FCA's Regulatory Sandbox stablecoin cohort to test sterling stablecoin issuance under regulatory supervision. The trial will evaluate reserves, redemption mechanisms, and consumer safeguards as the UK refines its approach to stablecoin regulation.

U.S. authorities have frozen and seized more than $580 million in cryptocurrency tied to global pig butchering scams. The action, led by the Washington, D.C.–based Scam Center Strike Force, reflects a multi-month effort to disrupt transnational crime networks operating across Southeast Asia.

South Korea’s National Tax Service inadvertently disclosed a cryptocurrency wallet recovery phrase in public materials. The exposure enabled the transfer of 4 million PRTG tokens worth about $4.8 million. The case highlights operational risks in government crypto custody.