Wallet

The United Arab Emirates enacted Federal-Decree Law No. 6 of 2025 on September 16, replacing the 2018 banking framework with expanded licensing requirements that apply nationwide, including free zones. Legal analysts note the regulation extends to self-custody wallet providers and blockchain infrastructure services. Unlicensed financial activity now carries penalties ranging from AED 50,000 to AED 500M, with potential criminal charges under Article 170.

Mastercard has launched Crypto Credential on Polygon's network, allowing users to replace complex wallet addresses with human-readable usernames. The integration, facilitated by Mercuryo, assigns customizable aliases to verified wallet holders and issues soul-bound tokens for on-chain identity verification.

Ethereum founder Vitalik Buterin unveiled Kohaku, an open-source privacy framework for the Ethereum network, at Devcon on November 16. Developed by the Ethereum Foundation and ecosystem partners, the modular architecture enables developers to build privacy-focused wallets without relying on centralized intermediaries. The framework integrates protocols including Railgun and Privacy Pools to obscure transaction details while maintaining compliance mechanisms.

Cash App rolled out Bitcoin Lightning Network payments and stablecoin transfer capabilities on November 13, 2025. Eligible users can execute Bitcoin transactions in seconds with zero fees. The stablecoin feature will enable customers to send and receive dollar-pegged tokens within the app.

Telcoin received final regulatory approval from Nebraska authorities to operate the first regulated digital asset bank in the United States. The authorization permits the launch of eUSD, marking it as the first bank-issued on-chain dollar stablecoin. TEL token surged over 120% intraday following the announcement before stabilizing at approximately $0.0055, reflecting an 82% gain.

Visa announced a pilot program on November 12, 2025 enabling businesses to send payments directly to stablecoin wallets. The initiative targets freelancers, gig workers, and online creators, delivering funds in USDC and other dollar-backed stablecoins. The program aims to accelerate cross-border transactions by eliminating traditional banking intermediaries.

JPMorgan Chase has introduced JPM Coin, a USD deposit token built on the Base blockchain, enabling round-the-clock settlement for institutional clients. The token allows direct US dollar transactions without time restrictions, according to Naveen Mallela, global co-head at Kinexys. Mastercard and Coinbase participated in early pilot testing of the system.

SoFi has introduced in-app crypto trading for Bitcoin, Ethereum, and Solana, becoming the first nationally chartered U.S. consumer bank to offer such services. The platform will roll out the feature in phases over the coming weeks. Users can buy, sell, and hold digital assets within the all-in-one financial application.

Coinbase has rolled out a savings account for UK customers offering a 3.75% annual equivalent rate with daily interest payments. The product, backed by ClearBank, provides FSCS protection up to £85,000 and allows instant deposits and withdrawals with no minimum balance or lock-in requirements.

A prominent Polymarket trader has issued a warning about a phishing operation targeting users through the platform's comment sections. The scheme has reportedly stolen more than $500,000 by using fraudulent private market links to capture login credentials and deploy malicious scripts on victims' devices. The attackers purchase both Yes and No shares to ensure their comments remain visible, then post obfuscated URLs leading to fake sites that mimic Polymarket's interface.