cryptobanking.news daily brief, 8 November 2026
AI-generated audio summary of verified stories. Synthetic voices. Not investment advice.

ANCHOR: This is the cryptobanking.news daily brief for Sunday, 8 November.
ANCHOR: The Bank of Russia has approved Bitcoin, Ether and the USDT stablecoin as the cryptocurrencies non-qualified investors can buy through intermediaries, under an ordinance that takes effect on 17 November.
CO-HOST: Nigeria's central bank has published its virtual asset regulations. Stablecoin issuers need a licence with at least ten or fifteen billion naira of capital, a two percent reserve buffer, and algorithmic stablecoins are prohibited.
ANCHOR: In the US, FinCEN and the Federal Reserve have withdrawn a 2020 proposal that would have cut the cross-border Travel Rule threshold from $3,000 to $250 and spelled out its coverage of convertible virtual currency.
CO-HOST: The U.S. Treasury says FinCEN has issued an order cutting off crypto exchange MEXC Global from the U.S. financial system, barring U.S. financial institutions from processing funds transfers involving the platform, after finding it facilitated at least $16 billion in illicit transactions.
ANCHOR: That’s the brief. For sources, visit cryptobanking.news.

Sources:
- Bank of Russia approves Bitcoin, Ether and USDT as the cryptocurrencies available to non-qualified investors from 17 November 2026 (Bank of Russia, 2026-11-06): https://cryptobanking.news/item/bank-of-russia-crypto-list-non-qualified-investors/ | primary source: https://www.cbr.ru/eng/press/event/?id=32966
- Central Bank of Nigeria publishes Regulations for the Operations of Non-Security Virtual Assets: licensing for naira and foreign-currency stablecoin issuers, full reserves plus a 2% buffer, a ban on algorithmic stablecoins and a deposit money token regime for banks (Central Bank of Nigeria, 2026-11-06): https://cryptobanking.news/item/cbn-regulations-non-security-virtual-assets-stablecoin-issuers/ | primary source: https://www.cbn.gov.ng/Out/2026/CCD/REGULATIONS%20FOR%20THE%20OPERATIONS%20OF%20NON-SECURITY%20VIRTUAL%20ASSETS%20IN%20NIGERIA.pdf
- FinCEN and the Federal Reserve withdraw the 2020 proposal to cut the cross-border Recordkeeping and Travel Rule threshold to $250 and to clarify coverage of convertible virtual currency (Financial Crimes Enforcement Network (FinCEN) and Federal Reserve Board, 2026-11-06): https://cryptobanking.news/item/fincen-fed-withdraw-travel-rule-threshold-nprm/ | primary source: https://public-inspection.federalregister.gov/2026-22809.pdf
- FinCEN issues a section 9714 order cutting off MEXC Global from the U.S. financial system after finding the convertible virtual currency exchanger facilitated at least $16 billion in illicit transactions (U.S. Department of the Treasury and Financial Crimes Enforcement Network (FinCEN), 2026-11-06): https://cryptobanking.news/item/fincen-mexc-section-9714-order/ | primary source: https://home.treasury.gov/news/press-releases/sb0685

Voices: Microsoft Edge neural TTS (en-US-AndrewMultilingualNeural, en-US-AvaMultilingualNeural).