Brazil's central bank has finalized regulations placing cryptocurrency service providers under banking supervision. Stablecoin transactions and certain self-custody wallet transfers will be classified as foreign-exchange operations, extending anti-money laundering and compliance requirements to virtual assets. The rules take effect in February 2026.

Nasdaq-listed VCI Global has agreed to purchase $100 million worth of OOB tokens from crypto payment platform Oobit. The transaction comprises a $50 million restricted share issuance to the OOB Foundation and an additional $50 million in secondary market purchases. The deal will make Tether VCI Global's largest shareholder through its stake in Oobit, according to the company.

Coinbase has ended negotiations to acquire UK fintech firm BVNK for approximately $2 billion, Fortune reported. The companies mutually agreed to discontinue discussions after months of talks. The collapsed deal highlights intensifying competition in stablecoin infrastructure among major payment firms including Visa, Mastercard, and Stripe.

The U.S. Treasury and Internal Revenue Service issued Revenue Procedure 2025-31 on November 10, enabling exchange-traded products holding digital assets to stake and distribute rewards without creating immediate tax liabilities for investors. Treasury Secretary Scott Bessent said the guidance aims to enhance investor benefits and support U.S. leadership in blockchain innovation. The safe harbor requires ETPs to meet specific operational criteria, including SEC approval and use of third-party custodians.

Coinbase has launched a savings account for UK users offering 3.75% AER variable interest with daily payments. The product, developed in partnership with ClearBank, provides FSCS protection for deposits up to £85,000 and enables instant transfers between GBP balances and crypto assets within the Coinbase app. The 3.75% rate falls below the UK's current average easy-access savings rate of 4.2% to 4.5% AER but exceeds many standard flexible accounts offered by major high-street banks.

The cryptocurrency market capitalization fell 1% on Tuesday morning (UTC) to $3.63 trillion. Bitcoin dropped to $105,168 while Ethereum declined to $3,558. Market sentiment has improved following the US Senate's passage of a government reopening bill and expectations of renewed liquidity from potential regulatory developments.

Brazil's Central Bank issued regulatory requirements on November 10, 2025, extending banking compliance standards to virtual asset service providers including exchanges, wallet services, and payment platforms. The framework mandates anti-money laundering protocols, customer due diligence, and Central Bank authorization for all crypto firms. The regulations take effect in February 2026.

Brazil's central bank published Resolutions 519, 520, and 521, classifying stablecoin transactions as foreign exchange operations subject to banking-style oversight. Licensed virtual asset service providers must implement consumer protection and anti-money laundering protocols. Transfers with unlicensed foreign entities are capped at $100,000, with full implementation set for 2 February 2026.