Traditional finance's deep foray into crypto: Visa plans to

2026-10-27 01:12 · 1 sources

BTCAVAX

The channel primarily serves as a quick news feed for the crypto industry, sharing Bitcoin and stablecoin-related news in a bilingual Chinese-English repost format, along with original links and AI commentary. Coverage includes regulatory developments (such as ETF approvals in Switzerland, and taxation and stablecoin legislation in South Korea), moves by traditional financial institutions (Visa's planned acquisition of Fireblocks, a16z's rebranding, tokenized asset rankings), stablecoin payment data, on-chain security incidents, and institutional Bitcoin accumulation. Recent focuses include stablecoin infrastructure and regulatory evolution, the convergence of traditional finance and the crypto industry, and the positioning of large institutions in custody, ETFs, and tokenization.

**Overall stance**: Neutral and objective news feed

Opinion timeline for the past 7 days

• **2026-10-21** Switzerland approves first retail Bitcoin ETF, listing planned for November: Switzerland's FINMA approved BIT asset management company's BBIT retail Bitcoin ETF for listing on the SIX exchange. The product is structured as a Swiss fund, not a UCITS or ETN.
• **2026-10-22** Visa in talks to acquire crypto custodian Fireblocks for around $2.5 billion: According to Bloomberg, Visa is in acquisition talks with crypto custody company Fireblocks, with a deal size of around $2.5 billion. Axios also followed up with coverage of the matter.
• **2026-10-22** Stablecoin organic transfers exceed $400 million per hour in Q3: Organic stablecoin transfers in Q3 2026 averaged more than $400 million per hour; over the 12 months ending July 31, approximately 73% of transfer volume occurred outside of US banking hours.
• **2026-10-23** South Korea plans to amend foreign exchange law to regulate stablecoins as payment instruments: According to media reports, South Korea plans to amend foreign exchange-related laws to regulate stablecoins as payment instruments, further完善 the legal framework for crypto assets.
• **2026-10-23** Central banks of Singapore, Malaysia and Thailand expand cross-border stablecoin cooperation program: The central banks of Singapore, Malaysia, and Thailand have expanded their cross-border stablecoin initiative, with partners including payment institutions such as Ripple, Visa, and Mastercard.
• **2026-10-23** Franklin Templeton leads traditional finance in tokenized assets: Franklin Templeton leads with $2.56 billion in tokenized assets, followed closely by BlackRock at $2.2 billion; only six institutions exceed $500 million, with a highly concentrated distribution.
• **2026-10-26** South Korea considers fourth delay of crypto gains tax to 2029: According to media reports, South Korea is weighing a fourth delay in the collection of cryptocurrency gains tax, leaning toward pushing the start date to 2029.
• **2026-10-26** Strive adds 6,182 BTC, bringing holdings to 43,000 BTC: Strive purchased 6,182 BTC for $511.4 million, bringing its total Bitcoin holdings to 43,000 BTC.

Watchlist

BTC, AVAX

Sources (in-site messages)

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