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The Canadian government has announced a budget bill that will prohibit federally regulated financial institutions from directly issuing cryptocurrencies and require stablecoins to be issued only through independent non-financial subsidiaries regulated by stablecoin laws.According to the budget bill announced on November 5 local time, the issued cryptocurrencies must include reserve safeguards such as redeemability at face value and asset segregation, while not being included in public deposit insurance and government guarantee programs. The Bank of Canada will be responsible for the registration of issuers and the supervision and enforcement of regulatory compliance. Meanwhile, the regulatory framework for stablecoins is expected to take effect next fall.

On Friday, the Paris Criminal Court sentenced a Ukrainian man to 5 years in prison, including 2 years of actual imprisonment and 3 years of probation. The man was accused of illegally generating and stealing 1 billion Holograph (HLG) tokens, valued at approximately 14 million dollars at the time of the incident, by exploiting a security loophole in the company he previously worked for between May and August 2024.The court found that the man illegally issued 1 billion HLG tokens by tampering with the token generation conditions on the platform and transferred the tokens to a personal wallet. He then, along with two accomplices, dispersed the funds to multiple cryptocurrency exchange platform accounts. His two accomplices were sentenced to 2 years in prison (with 14 months probation) and fined 80,000 euros, as well as 2 years of probationary imprisonment and fined 40,000 euros.In addition, the court rejected the Holograph Foundation's request for compensation for the losses due to the token price crash, stating that the price of HLG had already fluctuated and dropped significantly before the incident, making it impossible to establish a direct causal relationship between the subsequent depreciation and the fraudulent act. After the incident, the price of HLG fell from nearly 0.03 dollars in May 2024 to 0.001 dollars by the end of December of the same year.

DCS Group's card and payment infrastructure platform DCS DeCard has become a Mastercard issuing institution in Hong Kong. At the same time, DCS DeCard launched the corporate card and expense management solution DeCard Business Account to help companies manage and control their expenditures.The DeCard Business Account supports medium and large enterprises in issuing Mastercard corporate cards through a single platform and centrally managing business expenses. The solution covers employee and operational expenses, assisting companies in managing costs, bills, invoices, and statements, applicable to scenarios such as business travel, employee expenses, advertising, media procurement, and corporate procurement. Initially, corporate cards will be offered in US dollars and funded in US dollars. DCS DeCard plans to gradually expand the DeCard Business Account to other markets and introduce new features, including fund account management.

According to The Defiant, Stripe's Global Payouts now supports eligible U.S. businesses to issue USDC and OUSD stablecoins to external crypto wallets in over 160 markets. Currently in public preview, funds are disbursed from the Stripe Treasury balance, with a fee of 0.5% plus $0.50 per transaction.Stripe's official documentation indicates that this payment method typically arrives within minutes, and businesses in New York State must apply separately for early access.

Meta Platforms (META.O) held a conference call to discuss the issuance of U.S. dollar and euro bonds in batches.

Zhao Changpeng posted on platform X, stating that more countries will begin to realize that issuing domestic currency stablecoins can enhance the demand for their national currency, thereby increasing the demand for their government bonds, while the US dollar has significantly outpaced in this regard.

According to on-chain researcher Spreek, the DeFi lending protocol Hifi Finance is suspected of experiencing a DAO governance attack. An address funded by Tornado Cash cast 4 votes just before the governance vote was about to end, taking control of the protocol's governance.This address subsequently minted 25 million HIFI tokens and transferred all user collateral assets within the protocol, valued at approximately 1 million dollars, most of which were RWA tokens.

According to Bits media, the government of Kyrgyzstan has decided to terminate the operation of the national stablecoin Gold Dollar (USDKG) and has requested the Ministry of Finance to liquidate its issuer EVA and the country's first state-owned cryptocurrency exchange Coin Nomad Exchange.This stablecoin was launched by the authorities in November 2025, initially positioned as the world's first state-issued stablecoin backed by physical gold and pegged 1:1 to the US dollar. The issuer was the state-owned company "Virtual Asset Issuer," fully owned by the Ministry of Finance of Kyrgyzstan (later renamed "EVA"), with a registered issuance volume slightly exceeding 50 million tokens. The token operates on the Tron blockchain. The authorities had positioned it as a cross-border settlement tool and planned to operate it at least until 2034. This closure aims to optimize the management of state assets, and USDKG holders can exchange their tokens for fiat currency or USDT.

The Independent Community Bankers of America (ICBA) filed a lawsuit against the Office of the Comptroller of the Currency (OCC) in federal court on Friday, accusing it of exceeding its statutory authority when issuing national trust bank charters to cryptocurrency companies. The ICBA stated that the OCC is implementing "broad new powers not authorized by the National Bank Act," allowing these companies to enter the U.S. banking system without being subject to the same level of regulatory oversight as community banks, putting small banks at a "serious competitive disadvantage."The ICBA is one of the largest banking advocacy organizations in the United States, primarily representing small institutions. Last month, the organization strongly opposed the Digital Asset Market Structure Bill, which failed to advance in the U.S. Senate, arguing that its stablecoin provisions did not protect community banks from direct competition for deposit accounts. ICBA President and CEO Rebeca Romero Rainey stated that Congress did not establish the national trust charter to provide a "backdoor" for cryptocurrency companies seeking to enter the banking system with the credibility of a federal bank charter, as these companies do not bear the same obligations regarding capital, liquidity, regulation, and Federal Deposit Insurance Corporation (FDIC) insurance requirements. An OCC spokesperson responded to CoinDesk that the agency does not comment on ongoing litigation.Recently, the OCC has continued to issue trust charters to cryptocurrency companies, but these companies' business models differ from those of typical community banks and do not offer cash deposit accounts that require FDIC insurance. Approved institutions include cryptocurrency banks Protego and Erebor, as well as existing cryptocurrency firms like Coinbase, Circle, and Crypto.com.

The Financial Services Commission of South Korea has proposed regulatory guidelines for the issuance and trading of security tokens, intending to allow stocks, bonds, funds, and certain fractional investment securities to be issued and circulated in token form. The relevant regulatory framework is scheduled to take effect on February 4, 2027.According to the proposal, securities token issuance companies that directly manage client accounts must have a paid-in capital of at least 4 billion Korean Won and be equipped with dedicated compliance and technical personnel. The revision of capital market regulations will also introduce an over-the-counter trading license for bonds and limit individual investors' annual net purchases at each over-the-counter exchange to within 100 million Korean Won.The proposal will be open for public consultation from Friday until November 11, after which it will enter the approval process. South Korea previously announced a roadmap to advance the transition of securities issuance and trading to distributed ledger infrastructure in three phases.

Cointelegraph cited statements from Joe Lubin, co-founder of Ethereum and founder of Consensys, stating that MetaMask is evaluating the path to launch a native token, but there are currently no immediate plans to launch MASK.MetaMask is a cryptocurrency wallet developed by Consensys. Lubin mentioned that the team is still assessing related options and has not yet determined a timeline for a near-term release.

California Governor Gavin Newsom signed a bill prohibiting California public officials from issuing meme coins.

According to market news, Twenty One Capital CEO Raphael Zagury stated that the company is considering issuing preferred shares similar to STRC to increase its holdings in Bitcoin.

Real Trump Coins, associated with Trump, denies issuing, promoting, or authorizing any digital tokens, including the Trump Digital GOLD token, which collapsed shortly after briefly appearing on its online channels, attributing the promotional activity to "malicious third-party actors." Previously, Real Trump Coins' X account promoted this Solana-based token on Saturday and directed users to the RealTrumpCoins.com website; the related posts were later deleted, and the account now links to another domain, TrumpCoins.com.Real Trump Coins stated on the X platform: "Trump Coins has never authorized, nor will it issue, promote, or authorize any digital tokens," and indicated that it is cooperating with relevant authorities to investigate the matter. At the time of the statement, the issuance of the GOLD token was highly concentrated; according to on-chain analysis platform Lookonchain, developers and newly created wallets controlled 82.45% of the token's supply, with 15 wallets associated with the team having sold approximately $330,000 worth of holdings, realizing a profit of about $312,000.As of the time of publication, the RealTrumpCoins.com website still displays promotional information for the GOLD token, and Trump himself continues to follow Real Trump Coins' X account, which is one of the 53 accounts he follows.

According to Cointelegraph, the California Senate passed Assembly Bill 2409 (AB 2409) with a vote of 40 to 0, followed by the California Assembly agreeing to the Senate amendments with a vote of 78 to 0. The bill has now entered the signing stage, awaiting the governor's decision.The bill will prohibit digital asset service providers from offering meme coins issued or co-issued by federal officials or state and local officials to California residents after January 1, 2027. The bill defines meme coins as digital assets whose value primarily derives from public interest, speculation, or community participation.Meanwhile, according to consumer rights organization Public Citizen, investors in the TRUMP meme coin related to former President Trump have incurred a cumulative loss of approximately $3.2 billion. The Trump family's cryptocurrency business is also considered an obstacle to the advancement of the U.S. Digital Asset Market Clarity Act (CLARITY Act).

U.S. Federal Judge Rita Lin issued a partial summary judgment in a 59-page ruling regarding Anthropic's lawsuit against the Trump administration, determining that the government's punishment of Anthropic for publicly refusing to allow the military to use its Claude large model for mass surveillance of U.S. citizens and lethal autonomous operations constituted illegal retaliation, violating the First Amendment, due process clause, and the Administrative Procedure Act. The judge also revoked the related designations and Defense Secretary Hegseth's injunction, issuing a permanent injunction.The controversy arose from the Pentagon's demand that Anthropic remove all usage restrictions and accept terms allowing "all lawful uses," while Anthropic maintained its last two bottom lines. On February 27, 2025, Trump ordered all federal agencies to cease using the company's technology, and Hegseth subsequently prohibited any military contractors from doing business with it. During this process, the government abandoned its core claims, acknowledging that Anthropic had no backdoor access to the deployed models and that the risks of Claude were no greater than those of other "black box" systems. Lin pointed out that the government's punishment under the guise of "national security" was not a blank check, and that the government had been operating under the preliminary injunction since March without indicating any harm.Anthropic did not achieve a complete victory, as its claim that Trump's directive exceeded presidential authority was dismissed. Anthropic informed the court that if the relevant measures continued, its defense-related revenue would decrease by 50% to 100%, resulting in a loss of billions of dollars in overall revenue by 2026.

According to Bitcoin.com News, the "Meme Coin" regulatory bill in California has been passed by the state Assembly and Senate. The bill prohibits public officials and employees from issuing Meme Coins and bans the launch of such tokens aimed at California residents starting January 1, 2027. The AB 2409 bill has now been sent to the governor for signing.