October just concluded with yet another exciting pro crypto news that could change the regulatory landscape in banking.
Recent reports revealed that banking industry regulators were considering adding crypto regulation to their arsenal.
They hinted that the new rules will allow banks to change their tune on cryptocurrencies.
The regulators reportedly plan to implement the new rules in 2026. The development underscored a pivot from their previous crypto-related directives, which repelled banks from cryptocurrencies.
Crypto regulation for the banking industry would further support the ease of adoption and operations.
It will also be a complete pivot from previous banking rules that bastardized cryptocurrencies.
Crypto News: Noteworthy Regulation Moves in October
While the crypto regulation for the banking industry was the latest move in October, multiple countries embraced the same trend during the month.
For example, in recent crypto news, the U.S President announced that he aimed to pass the market structure bill before the end of the year.
President Trump’s promise was characterized by hasty negotiations in the Senate around matters related to the GENIUS Act and CLARITY Act.
These efforts underscored the United States’ commitment to becoming the leading country in the world when it comes to crypto adoption.
Across the pond, the United Kingdom reiterated its commitment to regulatory clarity especially on stablecoins. The Financial Conduct Authority aims to implement the rules in 2026.
Meanwhile, the United Arab Emirates was swift to adopt changes to accommodate crypto. This was in line with its commitment to becoming the crypto hub of the East.
The Ras Al-Khaimah (RAK) Digital Assets Oasis Authority allowed decentralized autonomous organizations (DAOs) to secure legal status in Dubai and Abu Dhabi.
The UAE also opened its doors to crypto services providers in October. ByBit became the first global crypto exchange to secure secure a license for crypto services in the UAE.
Crypto.com also made inroads into the UAE after receiving a Stored Value Facilities license. This license made it possible for the country’s citizens to pay for government services using CRO.
More Pro-crypto Moves From The Southern Hemisphere
In more crypto news, the land down under saw some crypto regulation action in October. Australia made moves aimed at ensuring regulatory compliance.
They include requiring crypto companies to obtain licenses before operating in the country. Australia started recognizing wrapped tokens and stablecoins as financial products.
Multiple countries in Africa made moves towards pro-crypto regulation in October. Among them was Ghana, which revealed an intent to roll out crypto regulations before the end of 2025.
This made it the 9th African country to embrace cryptocurrencies. Kenya, one of the leading African countries in terms of digital technology adoption, was a step ahead.
The East African country introduced its Virtual Asset Service Providers (VASP) Act 2025. The Act offers licensing and regulatory guidance, giving crypto companies a runway for legal entry and operations in the country.
Kenya also revealed plans to roll out more licensing rules in 2026 to offer more guidance on crypto operations in the country.
These were just crypto regulation news updates in some of the countries that added to the tally of nations warming up to digital assets through pro-crypto regulation.
They highlighted the rapidly ongoing shift compared to the harsh stance that countries previously adopted for digital assets.