Global Crypto Regulatory News - 1 June 2025

Whilst Blockpass monitors and adapts to regulatory changes around the world, we only cover some of the news and developments in articles on the Blockpass blog. However, to showcase more information around what is going on in the blockchain and crypto regulatory scene around the world, we’ve selected some prominent or interesting news and articles that feature relevant crypto regulatory and compliance developments.

• US Debates Crypto Securities Status

A crypto market structure bill is on its way in the USA, but disagreement over whether digital assets are securities may hamper progress, although the SEC Commissioner says many aren’t.

https://coinedition.com/congress-howey-test-crypto-bill-august-2025/

https://news.bitcoin.com/sec-commissioner-hester-peirce-says-most-crypto-assets-are-not-securities/

• Regulations Easing for Banks and Crypto

Restrictions on US banks engaging in crypto-related services are easing, making holding or issuing crypto, or serving crypto businesses, etc. more feasible, so long as regulations are met.

https://www.chainalysis.com/blog/us-banks-digital-assets/

• Michigan Enhanced Digital Asset Regulation

Four bills regulate the areas of mining, income tax, access protection and certain investments when it comes to digital assets in an effort to further the adoption and use of crypto in the state.

https://www.theblock.co/post/355439/michigan-seeks-to-ban-state-level-cbdc-advocacy-in-spate-of-new-crypto-focused-house-bills

• Oregon Updates Digital Asset Law

Moving to update and clarify regulatory standards, Oregon’s laws now cover a range of digital assets, how they interact with commercial laws, and enhance the use of crypto and blockchain.

https://cryptobriefing.com/digital-asset-regulation-oregon/

• AML Measures Crack Down on Crypto in EU

The introduction of new AML laws may lead to both privacy coins and anonymous crypto accounts becoming illegal in the EU as it seeks to identify users under a new AML authority.

https://99bitcoins.com/news/legal/privacy-coins-face-eu-ban-under-new-aml-rules-starting-2027/

• UK Proposes New Legislation

Near-complete draft legislation from HM Treasury in the UK on crypto regulation has been published, alongside a paper to gauge the public's reaction to the regulation from the FCA.

https://natlawreview.com/article/uk-cryptoassets-draft-legislation-and-fca-discussion-paper-published

• Australian Crypto Industry Makes Demands on Government

Following the reelection of the Labor government, people in the crypto industry have called on it to fulfil its promises on crypto regulation, and asked for a Crypto-Asset Taskforce to be formed.

https://cointelegraph.com/news/industry-calls-urgent-crypto-law-reforms-after-australian-election?fiatSymbol=GBP

• South Korea Pushes Digital Asset Regulation

Reforming South Korea’s crypto legal framework is the primary concern of the newly-formed Digital Asset Committee as the country moves towards its presidential election.

https://coinpedia.org/news/south-korea-pushes-for-new-crypto-regulations-ahead-of-election/

• Thailand Considering Crypto Regulatory Reform

Alongside a move to allow tourists to spend crypto, the Thai government is looking to overhaul laws to reduce restrictions on crypto users and align rules to those of traditional capital markets.

https://cointelegraph.com/news/thailand-tourists-crypto-credit-cards-regulatory-reform

• Crypto ‘Not Money’ in South America

A ruling from the Gauteng High Court in Pretoria has come to the decision that crypto is neither currency or capital, and therefore not subject to South Africa’s exchange control regulations.

https://www.mariblock.com/south-african-court-rules-that-crypto-is-not-subject-to-exchange-control-regulations/

• Ghana to Regulate Digital Assets

The Bank of Ghana will soon be regulating digital assets as the country promotes the use of crypto whilst maintaining a focus on consumer protection with appropriate regulatory measures.

https://dig.watch/updates/ghana-plans-to-regulate-digital-assets-with-new-legislation