Five Regulatory Moves Shaping Crypto Trading in H2 2026
Global regulators are defining new rules for cryptocurrency markets worldwide.
1BitMEX Shuts Down as US Paths Open
BitMEX will cease operations in September 2024 after 11 years, coinciding with new regulated crypto access routes in the US. Platforms like Coinbase and Bitnomial can now offer crypto products through licensed channels under clearer frameworks.
2SEC Settles Coinbase Records Case
The SEC paid Coinbase $150k to end a two-year FOIA lawsuit, though questions remain about crypto regulation transparency. The settlement highlights ongoing concerns about agency record-keeping practices during enforcement actions.
3Russia's 2027 Licensing Deadline
Russia's State Duma mandated that all crypto exchanges must obtain licenses by July 2027, with rules effective September 2026. Retail investors will face new restrictions including annual 300,000 RUB limits per intermediary.
4Prometheum Announces First Clearing Client
Prometheum Capital revealed Velocity Capital as the first user of its omnibus crypto clearing service, enabling broker-dealers to handle digital assets without building custody infrastructure. Commercial terms remain undisclosed.
5Vietnam Cracks Down on Offshore Exchanges
Starting September 2024, Vietnam will fine individuals up to 100 million VND for using unapproved crypto platforms. Only five licensed exchanges will operate, requiring 10 trillion VND capital and VND-denominated settlements.
6A New Era for Crypto Markets
These developments signal regulators have moved beyond debating whether crypto should be supervised to determining how trading and market access should be structured. The coming months will show how brokers adapt offerings within these frameworks.