The Bank of England will release its formal consultation on stablecoin regulation on November 10, Deputy Governor Sarah Breeden confirmed. The framework will establish a dual-tier system, with systemic stablecoins facing stricter oversight under the BOE while smaller stablecoins remain under the Financial Conduct Authority's lighter requirements. The regime will include temporary holding caps of £20,000 for individuals and £10 million for businesses.

Federal prosecutors in the Southern District of New York are seeking maximum five-year prison sentences for Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill. Both pleaded guilty in July to conspiracy to operate an unlicensed money transmitting business. Prosecutors allege the platform facilitated at least $237 million in criminal proceeds between 2015 and April 2024.

President Donald Trump stated he does not know Binance founder Changpeng Zhao, despite pardoning him last month. In a 60 Minutes interview, Trump dismissed questions about Zhao's case and connections between Binance and his family's crypto venture World Liberty Financial. Zhao pleaded guilty in 2023 to violating anti-money laundering laws and served a four-month sentence.

The US Tenth Circuit Court of Appeals ruled on October 31, 2025 that the Federal Reserve holds discretionary authority to deny master account applications from crypto-focused financial institutions. The 2–1 decision rejected Custodia Bank's challenge to access Fed payment infrastructure. No crypto-oriented bank has secured a master account to date.

Investment products tied to digital assets recorded $921 million in net inflows last week, according to CoinShares. Bitcoin-focused funds led with $931 million, while Ethereum products saw their first weekly outflows in five weeks at $169 million. The surge follows softer U.S. inflation data released Friday, which renewed investor expectations for potential Federal Reserve rate cuts.

India's Madras High Court has ruled that cryptocurrencies constitute legal property under Indian law. The decision blocks WazirX from reallocating a customer's 3,532 XRP tokens to cover losses stemming from the exchange's $234 million security breach in July 2024. The court rejected WazirX's proposed loss socialization mechanism, finding no contractual basis for spreading the deficit across all users.

Coinbase's x402 payments protocol processed nearly 500,000 transactions between October 14 and October 20, marking a 10,780% increase from the previous month, according to Dune Analytics data. The protocol enables AI agents and users to conduct instant stablecoin payments without intermediaries by utilizing the HTTP 402 status code. Friday recorded the highest daily transaction count at 239,505, while Thursday saw peak transaction volume reaching $332,000.

Kyrgyzstan launched KGST, a stablecoin pegged 1:1 to the som, operating on BNB Chain. Former Binance CEO Changpeng Zhao attended the October 24, 2025 launch with President Sadyr Japarov. The National Bank will pilot a central bank digital currency in three phases, with a deployment decision expected by 2026.

Crypto hardware wallet provider Ledger has introduced a fee structure for its redesigned Multisig application, charging a $10 flat fee per transaction plus 0.05% on token transfers. The pricing model, announced alongside the Nano Gen5 device launch, has drawn criticism from developers and users who argue the fees contradict self-custody principles. Ethereum developer pcaversaccio stated the company claims alignment with cypherpunk ideals while attempting to establish centralized control over cryptocurrency transactions.