Taiwan's Central Bank and Executive Yuan approved a formal Bitcoin reserve review on November 12, 2025, according to joint official statements. The pilot program will use seized Bitcoin from criminal cases to test integration methods, storage protocols, and valuation frameworks without purchasing new assets. Legislator Ko Ju-Chun of the Kuomintang party introduced the proposal in May 2025, citing Bitcoin's potential as a hedge against geopolitical risks.

JPMorgan Chase activated its USD-pegged institutional deposit token JPMD on Base, Coinbase's Ethereum Layer 2 network, following a pilot that began in June 2025. The token enables round-the-clock blockchain settlements through the bank's Kinexys platform, with each unit backed one-to-one by USD deposits in segregated JPMorgan accounts. Unlike retail stablecoins, JPMD targets banks and investment funds exclusively, with no public market trading currently available.

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.

The Bank of England launched a consultation on November 10, 2025, proposing regulatory requirements for systemic sterling stablecoins in UK payment systems. The framework introduces temporary holding caps of £20,000 for individuals and £10 million for businesses. Reserve requirements mandate issuers maintain 60% in short-term UK gilts and 40% in non-interest Bank of England accounts.

Hong Kong corporates will price multi-currency digitally native bonds on November 10, 2025, according to S&P. The bonds will be denominated in USD, HKD, EUR, and offshore yuan, with blockchain technology managing ownership and terms. HSBC or Goldman Sachs platforms will oversee the issuance, which has received an AA+ rating from S&P.

JPMorgan Chase owned 5,284,190 shares of BlackRock's iShares Bitcoin Trust (IBIT) worth $343 million at the end of Q3 2025, according to regulatory filings. The position represents a 64% increase from the 3.22 million shares the bank reported in Q2. IBIT, which holds actual Bitcoin in cold storage through custodian Coinbase, is part of a spot Bitcoin ETF sector that collectively manages $110 billion across 11 issuers.

Elixir has suspended redemptions for its deUSD stablecoin after borrower Stream Finance defaulted on $68 million in outstanding debt. Stream Finance reported $93 million in trading losses that triggered the collapse. The synthetic dollar token plummeted to $0.015 within hours as reserves failed to maintain the 1:1 peg.

Ripple has formed strategic partnerships with Mastercard, Webster Bank, and Gemini to integrate its RLUSD stablecoin into traditional payment infrastructure, the company announced. The stablecoin operates on XRP Ledger and Ethereum, enabling direct fiat-to-crypto conversions with regulatory compliance through FDIC-backed banking. RLUSD facilitates cross-border transfers in under one second at costs below SWIFT fees, with minted supply exceeding $50 million within weeks of regulatory approval.

Tokyo-listed Metaplanet obtained a $100 million loan collateralized by its Bitcoin treasury on October 31, 2025. The financing utilizes 3 percent of the company's 30,823 BTC reserves. The loan carries no expiration date and draws on a $500 million credit facility announced October 28, 2025.