US authorities on Thursday announced sanctions against Iranian crypto exchange BitBank, accusing it of processing Bitcoin paid by ships transiting the Strait of Hormuz.
The US Department of the Treasury’s Office of Foreign Assets Control said that as of June, the Hormuz Safe Marine Services Authority used BitBank to transfer payments it received to the Islamic Revolutionary Guard Corps. The Treasury alleged it is part of the architecture used by Iranian financier Babak Zanjani to move hundreds of millions of dollars in Bitcoin to the IRGC.
Treasury has previously alleged Hormuz Safe is part of an IRGC-backed scheme forcing vessels to buy maritime insurance for passage, including coverage against seizures by Iran itself.
“Today’s designations of Iranian digital asset infrastructure make perfectly clear that efforts to finance the Iranian regime using cryptocurrencies are not beyond OFAC’s reach,” said US Treasury Secretary Scott Bessent.
The designation is the latest Treasury action aimed at isolating Iran from the international financial system, including through sanctions on digital asset exchanges.
The OFAC designations include BitBank, its developer Pishtaz Simorgh Electronic Trade Company and three associates of Zanjani, with the Treasury calling them “key components of the Iranian regime’s digital assets-based sanctions evasion infrastructure.”
Cointelegraph reached out to BitBank for comment.
Iran’s BitBank is a separate entity from bitbank, inc, a fully licensed crypto exchange founded in 2014 in Japan, which was acquired by SBI Holdings in June. Treasury’s designation lists BitBank as having been established in 2024.
Related: Bitcoin tops $79K, oil falls as Trump says Iran war could end
In August, the US sanctioned two digital asset exchanges, Shelbit and Aban Tether, accusing them of assisting the Iranian regime in sanctions evasion. Treasury also sanctioned four crypto exchanges, including the country’s largest, Nobitex, in June.
In July, the US government ordered the freezing of more than $130 million in USDt held in wallets linked to Iran.
Iran has reportedly sought to mitigate the impact of tightening financial restrictions. Earlier this month, the Financial Times reported that Iran’s central bank eased foreign currency controls to encourage businesses to bring overseas earnings home, including through cryptocurrency, amid tightening US sanctions.
Magazine: North Korea drives onchain malware surge, CoinEx shuts: Asia Express
TORTOLA, British Virgin Islands, Sept. 17, 2026 (GLOBE NEWSWIRE) — Rhino.fi has launched native Bitcoin deposits for businesses. They help customers send BTC and companies receive the asset their products use without holding Bitcoin themselves. Native BTC now runs through the same deposit infrastructure as Rhino.fi’s other supported assets, with settlement available in stablecoins across more than 30 chains or in a working Bitcoin position. ether.fi and KettlePay are among the first clients using the new capability.
More than 180,000 addresses hold wrapped Bitcoin on Ethereum alone, while BTC deployed in BTCFi protocols is estimated to be 0.46% of circulating supply. Ethereum, by comparison, has roughly 15% of its supply used in DeFi. The gap reflects the operational friction involved in moving native BTC across networks, including wrapping, bridging, custody decisions, and multi-step user journeys.
Rhino.fi moves those processes behind a single client integration. Each inbound Bitcoin deposit passes through the same KYT and AML screening used across Rhino.fi’s other routes, and settlement occurs after one Bitcoin block confirmation. Funds can settle into stablecoins on any supported chain or into a wrapped Bitcoin position in a single transaction.
The expansion addresses a persistent mismatch in crypto payments, where Bitcoin holders may want to spend or deploy the asset they already own, yet businesses often need settlement in stablecoins or another asset that fits their product. Rhino.fi moves the conversion and routing into the infrastructure layer, so the customer can send BTC directly and the business receives a usable balance through its existing integration.
“Bitcoin has been used as a payment instrument for almost two decades, yet it remains hard for merchants to accept at scale. Rhino.fi specialises in solving the hardest payments routes, and our latest release lets any company generate a Bitcoin deposit address and have it settled into any stablecoin, on any chain,” said Will Harborne, CEO and co-founder of Rhino.fi.
“The flow is deterministic and reliable: the amount you quote is the amount that settles, and our clients can set whatever fees they want. This means businesses can offer BTC at checkout without running a BTC treasury or liquidity themselves,” Harborne added: “We continue to focus on the most difficult payment challenges for our clients and making them effortless to integrate.”
Bitcoin payments already appear in high-value purchases involving watches, cars, yachts and other luxury goods. Buyers may want to pay directly from a Bitcoin wallet, while dealers typically require dollar-denominated settlement without taking on BTC price exposure. Requiring a separate conversion before checkout adds another step to the transaction.
KettlePay, a payments platform for luxury goods dealers, has integrated Rhino.fi so its merchants can accept native Bitcoin and receive stablecoins.
“Our customers have been begging for a way to accept BTC as payment for months now. With Rhino.fi behind KettlePay, we can now offer native BTC payments which settle in stablecoins. Now our customers never have to turn away BTC deals ever again,” said Sean Parsons, CEO and co-founder of KettlePay.
For ether.fi users, the same infrastructure provides a direct route from native Bitcoin into liquidBTC. Customers can send BTC through ether.fi’s existing deposit experience and receive liquidBTC as a borrowable asset, with Rhino.fi handling the conversion through the deposit infrastructure already used for stablecoins.
“We wanted native Bitcoin deposits to feel like every other deposit on ether.fi: send it and it’s instantly available as a borrowable asset. Rhino.fi built the flow that takes native Bitcoin straight into liquidBTC, on the same deposit infrastructure we already use for stablecoins. Our customers get a simpler way in, and our team gets one integration to run instead of another stack to maintain,” said Jozef Vogel, COO of ether.fi.
Native Bitcoin support forms part of Rhino.fi’s Stablecoin Activation Stack, which gives businesses infrastructure to accept deposits across different chains and assets and convert them into balances their products can use immediately. Rhino.fi currently supports more than 30 chains (and can add more networks and coins on request) and hundreds of tokens through one integration, with routing, conversion and settlement handled at the infrastructure layer.
About Rhino.fi
Rhino.fi is the infrastructure layer behind the Rhino Stablecoin Activation Stack, giving neobanks, fintechs and on-chain businesses a single toolkit to accept, convert and settle USD-pegged stablecoins predictably across more than 25 blockchain networks.
Rhino.fi’s mission is to make stablecoins behave like real dollars for the businesses building the next generation of financial products. By removing the spread uncertainty, routing complexity and settlement unpredictability that come with operating across fragmented stablecoin markets, Rhino.fi turns digital dollars into a practical foundation for global finance.
Disclaimer: This sponsored content is provided by the content provider and does not necessarily reflect the views of this media platform or its publisher. The information is shared for general informational purposes only and should not be considered financial, investment, or trading advice. Cryptocurrency and mining-related activities carry risks, including the potential loss of capital, and readers are encouraged to conduct their own research and seek professional advice where appropriate. Speculate only with funds that you can afford to lose. The media platform and publisher assume no responsibility for any losses or claims arising from reliance on this content. GlobeNewswire does not endorse any content on this page.
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The Commodity Futures Trading Commission (CFTC) has expanded regulatory relief for “passive software” providers that connect users to regulated derivatives firms and exchanges.
In a no-action position issued Thursday, the agency’s Market Participants Division said it would not recommend enforcement against qualifying providers or their personnel for failing to register as introducing brokers or associated persons when facilitating trading with CFTC-registered firms and exchanges.
The position could make it easier for crypto wallets and other apps to offer access to regulated derivatives, including perpetual contracts and prediction markets, without becoming CFTC-regulated introducing brokers themselves.
Source: CFTC
To qualify, providers must meet conditions limiting their role in transactions, including restrictions on exercising discretion over users’ orders.
The action extends a similar position granted to Phantom Technologies in March for its self-custodial crypto wallet software. The earlier letter allowed Phantom, subject to certain conditions, to provide and market software connecting users with registered futures brokers and exchanges without registering as an introducing broker.
Phantom and the Hyperliquid Policy Center also pushed for broader protections in July, asking the CFTC to shield non-custodial wallet providers from introducing broker requirements and clarify how existing rules apply to blockchain developers and regulated derivatives firms using onchain infrastructure.
Related: Bernstein expects ‘aggressive’ rulemaking from SEC, CFTC, following CLARITY Act failure
Regulators move quickly after CLARITY Act setback
The move from the US regulator comes two days after the CLARITY Act failed to advance in the Senate, with a cloture motion receiving 49 votes, short of the 60 needed to proceed to debate.
Following the vote, CFTC Chair Michael Selig and Securities and Exchange Commission Chair Paul Atkins signaled Wednesday that their agencies would continue moving forward on crypto regulation under their existing authority.
“The CFTC is locked in and ready to ship its rules for the new frontier of finance,” Selig said in a post on X, while Atkins said the SEC would act “with or without legislation” to provide regulatory certainty for digital assets.
Source: Paul Atkins
On Thursday, the agencies began following through. Alongside the CFTC’s no-action position, the SEC approved a temporary exemption allowing qualifying platforms to facilitate limited onchain trading of tokenized US stocks through permissioned automated market makers and liquidity pools.
Magazine: Is there any chance left to save the CLARITY Act?
Water, water everywhere and not a drop to drink may be the sentiment of the crypto industry, lobbyists and lawmakers who’ve spent the last year trying to get the CLARITY Act over the line.
No shortage of negotiations, amendments or political wrangling; yet not enough to get the bill moving through the Senate.
The CLARITY Act may have rammed into a Senate-shaped hurdle this week, but it isn’t dead on arrival yet — let’s go with walking wounded.
There’s still a chance for the digital asset market structure bill to scramble together the 60 votes it needs to clear the Senate.
When Republican Senator Thom Tillis switched his vote from yes to no at the last minute, he did so on procedural grounds. It may have looked like a swing against CLARITY, but it was really a parliamentary maneuver, allowing him to file a motion to reconsider and preserve a route back to the Senate floor.
The Crypto Council for Innovation (CCI)’s director of US federal affairs, Ryan Eagan, tells Magazine:
“Senator Tillis’s motion to reconsider would provide an opportunity to revisit CLARITY’s cloture vote at any point this session. Specific timing regarding next steps is not clear, but that desire to preserve that opportunity is in part due to the progress made over the past week.”
But the Senate is running out of time; both Democrats and Republicans remain divided over ethics provisions involving President Donald Trump, and even supporters of the bill say a more bipartisan negotiating process may now be necessary.
So can CLARITY still be resuscitated, and if it can, how much of the bill will need serious CPR to get there?
CLARITY isn’t dead, but the clock is running down
The failed cloture vote, a procedural vote to end debate on a bill and move it toward a final vote, doesn’t end CLARITY’s journey through Congress just yet. It requires 60 votes in the Senate, and CLARITY fell 49-50 on Tuesday.
Tillis’ motion to reconsider means the vote can be revisited during the current session, but that route is running into a much more practical problem: a ticking clock.
Related: Coinbase faces greater fallout from CLARITY Act setback: Saxo
The Senate is scheduled to leave for recess on October 2 before returning after the midterm elections, and the House of Representatives has already recessed for the election period, complicating any attempt to move legislation through both chambers before the end of the year.
Congressman Shri Thanedar, a Democrat who supported CLARITY when it passed through the House in July 2025, tells Magazine that timeline presents a “major barrier” to reaching an agreement:
“There are only 20 legislative days left in this Congress, all of them after the midterms, making odds of a 2026 compromise, unfortunately, very low.”
Very low doesn’t mean impossible, and the crypto industry has a precedent in the Guiding and Establishing National Innovation in US Stablecoins (GENIUS) bill, which failed cloture 48-49 in May 2025 before clearing a second cloture vote 66-32 just 11 days later. It passed the Senate the following month. However, Kyle Chassé, founder of crypto investment firm MV Global, tells Magazine:
“GENIUS came back from a failed cloture in 11 days. But GENIUS had a deal. This one has a calendar and no votes. Miss Jan. 3, and it restarts from zero in 2027 with a House that is probably Democratic.”
While a lame-duck session after the November elections could give CLARITY another shot, that’s not the same as having a ready-made deal waiting to go.
The 60-vote problem is a negotiating problem
Of the 49 votes for CLARITY, not a single one came from the Democratic camp. Chassé says:
“Every one of the 49 was a Republican. Zero Democrats voted to even open debate.”
While that’s clearly less than ideal, it doesn’t necessarily mean the Democrats have abandoned the bill entirely.
On Wednesday, seven Democratic senators — all of whom had voted a day earlier against advancing the bill — said they “remain committed” to enacting the legislation. Among them was Sen. Angela Alsobrooks, who backed moving the bill out of the Banking Committee in May before voting no on cloture. She said it’s “clear that now is the time to regulate digital assets” and that she’s willing to negotiate over the ethics provisions, adding:
“We were ready to strike a deal today and in discussions right up until the vote. Republican leadership shut it down at the very last minute after it became clear that we were on a path to a successful vote.”
Tillis said Wednesday he now wants to “convince the Democrats to get on board,” and “put pressure on them to own it,” and his procedural vote switch was designed to keep that possibility alive. “I feel very strongly that this is an unregulated marketplace and that we need some guardrails on,” he added.
Related: Bernstein expects ‘aggressive’ rulemaking from SEC, CFTC, following CLARITY Act failure
The divide isn’t over whether Congress should establish rules for crypto anymore, but whether the current package goes far enough to secure bipartisan support.
Seven Democratic senators “remain committed” to enacting the legislation. Source: Kirsten Gillibrand, Senate
While Congressman Thanedar says he supports the bill in its current form, he acknowledges that Tuesday’s result shows the need for both parties to work together further on the draft:
“I do believe that the failed CLARITY vote on Tuesday demonstrates that a more bipartisan drafting process would lead to a higher likelihood of creating the bipartisan, supermajority coalition that passing this legislation into law would require.”
If saving CLARITY means rewriting it, what survives?
Chassé says the problem has moved beyond the technical drafting of crypto policy and is now centered on President Trump’s crypto interests and the ethics provisions around them:
“This stopped being a drafting problem. It’s a referendum on the President’s crypto holdings six weeks before an election, and the text as written can’t survive that.”
Republicans had already made 126 substantive changes requested by Democrats ahead of Tuesday’s vote, including tighter restrictions on public officials profiting from crypto ventures, and giving state attorneys general a role in enforcing some of the ethics provisions.
Alsobrooks votes no on CLARITY. Source: Angela Alsobrooks, Senate.
Despite the concessions, Thanedar says the Democrats want more restrictions “on the President’s ability to use his office for personal gain.” He says the at least $1.4 billion in crypto earnings Trump reported for 2025 in his annual financial disclosure shows that “guardrails are necessary to both hold the President accountable and protect the long-term health of the digital asset market.”
Ethics is not the only potential fault line, though, and Chassé says the industry “should stop dying on that hill.” He points instead to stablecoin rewards, saying “some kind of cap or circuit breaker on yield” would likely be “the price of the bank-side senators and a chunk of Democrats,” along with “tighter illicit finance and state enforcement language.”
He says self-custody and developer protections are areas the crypto industry should be reluctant to trade away. Those protections have been bitterly defended throughout the negotiations, with lawmakers and industry groups debating how far the bill should go in shielding non-custodial developers from financial and anti-money-laundering (AML) requirements.
Congress may stall, crypto regulation doesn’t have to
Even if CLARITY remains stuck in Congress, US crypto regulation is not standing still. Eagan says the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have “demonstrated commitment to reduce uncertainty” through guidance, rulemaking, no-action relief and exemptions.
“CCI expects that agencies’ crypto agenda will proceed in robust fashion regardless of the CLARITY Act,” he says, adding that the GENIUS Act implementation continues at Treasury and the banking regulators.
Strategy executive chairman Michael Saylor also pointed out that the SEC, CFTC and Treasury could continue to advance rules under existing laws:
“Progress need not wait for Congress.”
That may be true, but agency action is not the same as getting CLARITY over the finish line. Regulatory guidance can be swept out with administrations, but legislation is harder to unwind.
CLARITY may still have a way to limp back to the Senate, but whether lawmakers can find 60 votes without changing the bill beyond recognition is another matter.
Magazine: Revolut ID thefts highlight KYC’s dangers: Here’s how to fix it
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Global, September 16, 2026 — Bitget, the world’s largest Universal Exchange (UEX), has launched “VIP to the Top,” an 8th anniversary campaign giving qualified professional traders direct access to VIP 7, Bitget’s highest VIP tier. Running from September 15 to October 31 under the anniversary theme “Built for Perfect Trades,” the campaign recognizes users based on their existing trading activity, including eligible VIP status earned on other exchanges.
At the center of the campaign is Ultimate VIP Perks, which gives eligible former Bitget VIPs and VIP traders from other exchanges access to a 30-day VIP 7 Experience Card, recognizing their existing trading experience without requiring them to progress through each VIP level.
To get VIP status on Bitget for the 8th anniversary, current VIP users of other crypto exchanges can qualify by providing proof of at least 50 million USDT in futures trading volume or 30 million USDT in spot trading volume over the previous 30 days. Former Bitget VIPs who reached VIP 4 or above through futures trading volume between August 2025 and August 2026, but are no longer Bitget VIPs when the campaign begins, are also eligible.
The campaign follows surveys and interviews with more than 300 Bitget VIP users, which identified trading costs and rates as key considerations for high frequency and professional traders. The findings informed the campaign’s focus on reducing the barriers experienced traders face when moving between platforms or returning to Bitget.
“Experienced traders have already earned their stripes, and switching platforms shouldn’t mean starting from zero,”said Gracy Chen, CEO of Bitget. “In our conversations with VIP traders, they were clear that trading costs, liquidity, execution and capital efficiency matter the most. VIP to the Top recognizes the level these traders already operate at and gives qualified participants a direct route to the trading conditions and service that come with our highest VIP tier.”
For institutional clients and professional traders exploring Bitget’s VIP program during its 8th anniversary, the benefits extend beyond trading fee discounts, combining competitive trading and borrowing rates with advanced API capabilities, Unified Trading Account (UTA) infrastructure, multi-asset opportunities and dedicated VIP services. Qualified participants can also extend their VIP experience by meeting additional trading thresholds during the campaign. Alongside Ultimate VIP Perks, “VIP to the Top” includes a VIP Upgrade program and TradFi Challenge, with the latter featuring missions across U.S. stock spot trading and TradFi futures.
The campaign comes as Bitget increases its focus on institutional, high-net-worth and professionall traders as part of the next phase of UEX. As the platform expands across crypto and traditional markets, Bitget is developing its VIP offering around the execution, capital efficiency, connectivity and service requirements of traders operating at greater scale.
For more information about Bitget VIP and “VIP to the Top,” visit here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to ourTerms of Use.
Source: Bitget
Submit Your Blockchain and Crypto Press Release here.
Disclaimer: This is a press release, provided by the company/ company representative. AlexaBlockchain does not endorse, guarantee, or accept responsibility for the content, accuracy, quality, advertising, products, or other materials presented in this publication. Readers are advised to conduct their own due diligence before taking any actions related to the company mentioned herein. AlexaBlockchain expressly disclaims any liability for damages or losses, whether direct or indirect, arising from or related to the use of or reliance on any content, goods, or services referenced in this press release.
Crypto.com’s CEO said its sister exchange was cleared to offer US access to single-stock perpetual futures, as the latest platform to bridge TradFi and digital assets.
Cryptocurrency adoption is advancing in Germany, particularly among younger investors, while the UK is gradually falling behind, largely due to lagging regulations, according to CoinShares crypto researcher Luke Nolan.
German cryptocurrency adoption is showing “very good progress” through “family offices, wealth managers, individual advisors” and younger generations looking to invest inherited wealth in digital assets, Nolan told Cointelegraph on the Chain Reaction show on Thursday.
In contrast, the UK is “still very much behind,” said Nolan, adding that the country’s Financial Conduct Authority (FCA) only lifted its ban on crypto exchange-traded products less than a year ago, making its digital asset market “nascent.” The regulator previously banned these products from retail participants in January 2021.
Germany has 89 licensed crypto-asset service providers, accounting for 25.5% of companies in the European Securities and Markets Authority’s (ESMA) Markets in Crypto Assets (MiCA) register, updated on Wednesday. The EU’s biggest economy was also the bloc’s leader by MiCA authorization in June, with 57 authorized crypto companies.
Source: Cointelegraph
Leading German banks are venturing into crypto
The adoption trend is not lost on the largest German banks.
The country’s biggest, Deutsche Bank, revealed on Wednesday that it was awaiting regulatory approval to launch crypto custody solutions for institutional clients in Europe, with a license expected in October.
In April 2024, Germany’s largest federal bank, the Landesbank Baden-Württemberg, started offering crypto custody solutions after partnering with the Austria-based Bitpanda for its institutional custody platform.
Related: Bernstein expects ‘aggressive’ rulemaking from SEC, CFTC, following CLARITY Act failure
Meanwhile in the UK, the FCA on Wednesday issued final guidance outlining when crypto activities may require authorization under the country’s incoming regulatory regime.
The regulator will open licensing applications on Sept. 30, with a Feb. 28, 2027 deadline for firms seeking transitional arrangements ahead of the new regime taking effect on Oct. 25, 2027.
On Thursday, the FCA announced that it sent a cease-and-desist letter to three London locations suspected of facilitating illegal peer-to-peer crypto trading.
The UK Parliament approved regulations bringing digital assets within the FCA’s regulatory remit in February and finalized a package of rules and guidance in June.
Magazine: How the EU’s crypto tax rules are expected to work for users and platforms
Global, September 16, 2026 — Bitget, the world’s largest Universal Exchange (UEX), has expanded its Open API infrastructure to support Contracts for Difference (CFDs), giving quantitative, algorithmic and API traders programmatic access to global markets including gold, forex, stock indices and crude oil alongside crypto.
The expansion addresses a practical challenge for multi-asset traders, where strategies operating across crypto and traditional markets often rely on separate systems, data flows and execution workflows. Existing Bitget API users can now extend their strategy frameworks into CFD markets without building a separate connection for those assets, bringing more of their research, monitoring and execution into the same API environment.
Through the CFD Open API, users can automate order execution, access account and real-time market data, transfer funds, and manage trading parameters including take-profit and stop-loss settings. This enables API users to manage programmatic strategies across crypto and CFD markets through Bitget’s broader trading infrastructure.
“Adding more markets is only one part of building UEX. Traders also need the infrastructure to interact with those markets in the way they already work,”said Gracy Chen, CEO of Bitget. “Multi-asset trading is about giving traders the tools to interact with those markets in the way that works for them. By extending API access to CFDs, we are enabling developers, quantitative traders, and other API users to incorporate global markets into the systems and strategies they already use.”
CFD Open API supports multiple CFD account modes. When placing orders, users are required to use the instrument code corresponding to their current CFD account configuration.
The API expansion comes as Bitget increases its investment in infrastructure for professional and institutional trading, as the platform continues to broaden access beyond crypto. By extending API connectivity alongside its growing multi-asset offering, Bitget is building an ecosystem where users can access and manage crypto and traditional-market exposure through a more unified trading experience.
For more information, visit Bitget’s CFD Open API documentation here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to ourTerms of Use.
Source: Bitget
Submit Your Blockchain and Crypto Press Release here.
Disclaimer: This is a press release, provided by the company/ company representative. AlexaBlockchain does not endorse, guarantee, or accept responsibility for the content, accuracy, quality, advertising, products, or other materials presented in this publication. Readers are advised to conduct their own due diligence before taking any actions related to the company mentioned herein. AlexaBlockchain expressly disclaims any liability for damages or losses, whether direct or indirect, arising from or related to the use of or reliance on any content, goods, or services referenced in this press release.
September 16, 2026 | SAINT HELIER, Jersey — CoinShares PLC (“CoinShares” or the “Company”) (Nasdaq: CSHR), a leading global asset manager specialising in digital assets, today announced that shareholders approved all resolutions put to them at the Company’s Extraordinary General Meeting (the “EGM”) held on Tuesday, 15 September 2026, including authority for the Company to repurchase up to 25% of its outstanding ordinary shares and the adoption of the CoinShares PLC 2026 Equity Incentive Plan.
The repurchase authority provides the Board with an additional capital allocation tool. Based on approximately 131.8 million ordinary shares outstanding, the authority represents capacity to repurchase up to approximately 32.9 million ordinary shares. The authority conferred by this resolution will expire on September 15, 2031.
The authority establishes the maximum capacity available to the Board and does not require the Company to repurchase any specific number or value of shares. The Company does not currently expect to utilise the authority in full. Any decision to repurchase shares will take into account market conditions, the Company’s financial position, alternative uses of capital and applicable legal and regulatory requirements.
Shareholders also approved the adoption of the CoinShares PLC 2026 Equity Incentive Plan in its entirety. The Plan is designed to allow the previously approved equity pool to be implemented efficiently across the jurisdictions in which CoinShares operates, without increasing the number of shares reserved under the Plan.
Jean-Marie Mognetti, Co-Founder and Chief Executive Officer of CoinShares, commented:
“Shareholder approval gives us the flexibility to act when we believe the market price of CoinShares materially understates the long-term value of the business.
“We entered the second half with approximately $453 million of net assets, $413.9 million of Available Capital and no long-term debt. Our business also remained Segment EBITDA positive through a difficult first half for digital assets and continued to generate positive net inflows.
“We have operated through multiple digital asset cycles and understand the importance of maintaining a strong balance sheet. Capital also needs to earn an appropriate return. Where our shares trade at a material discount to what we believe is their intrinsic value, repurchasing our own equity can represent an attractive use of capital.
“We are not choosing between returning capital and investing for growth. Our balance sheet gives us the capacity to do both, and we will remain disciplined in allocating capital among organic growth, strategic opportunities and potential share repurchases. The same discipline applies to equity incentives: we want our people aligned with shareholders while remaining disciplined about dilution.”
Extraordinary General Meeting
The EGM was held as a virtual meeting on September 15, 2026, with voting on all resolutions conducted by way of a poll. All four resolutions, as set out in the notice of the EGM, were duly passed.
The full voting results will be made available on the Company’s Investor Relations website as soon as practicable and will be furnished to the U.S. Securities and Exchange Commission on a Report of Foreign Private Issuer on Form 6-K.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding potential share repurchases, capital allocation, market conditions, future growth opportunities, and CoinShares’ business and strategy.; and other statements identified by words such as “believes,” “expects,” “may,” and “will”. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. Additional risk factors are described in the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025, and other filings and submissions with the U.S. Securities and Exchange Commission. CoinShares does not undertake any obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by law.
About CoinShares
CoinShares is a leading global asset manager specialising in digital assets, delivering a broad range of financial services across investment management, trading and securities to a wide array of clients, including corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US.
CoinShares’ affiliated entities are regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on Nasdaq under the ticker CSHR.
