Week 38, September 7–13, 2026 This week, the crypto market split into two strong currents, united by their resemblance to traditional finance: the adoption and integration of the commercial and public sectors, together with tighter control over money flows. In the first, tokenization, first and foremost as a technology, received a legislative timetable in Seoul, a lobbying letter in Brussels, and $100 million from Nasdaq. In the second, regulators, for the first time, united jurisdictions against fraudulent crypto centers. Asset tokenization got a second wind in South Korea and the EU. The Financial Services Commission of South Korea (FSC) presented a three-stage plan: starting February 4, 2027, tokenized securities will be recognized as a digital form of securities. Nasdaq and Boerse Stuttgart, together with Securitize, called on EU lawmakers to remove the 100 billion euro ($116 billion) cap on tokenized securities. Stablecoins and tokenized deposits are being integrated into the existing system. Singapore’s DBS and Citi carried out the first dollar payment via tokenized deposits on September 8. The transaction was completed over the weekend via SWIFT between Singapore and the US. It took minutes instead of two business days. On September 9, Visa embedded blockchain lending into card programs for stablecoins. Settlements in stablecoins on its platform grew 15-fold over the year, to $20 billion. Uzbekistan launched a HUMO stablecoin pilot, backed by government bonds and pegged 1:1 to the som, with the participation of more than 20 companies. Control over crypto transfers is tightening and becoming cross-border, increasingly resembling control in traditional finance. On September 7, the US and the UK created the first international alliance against fraudulent crypto centers. From September 2023 to December 2025, the US Treasury identified $12.7 billion in transactions through such centers. On September 10, Italy’s central bank required local crypto providers to check transfers against EU sanctions lists amid turnover of the ruble stablecoin A7A5, through which, according to CertiK, $110 billion passed from February 2025 to May 2026. Australia’s AUSTRAC canceled 45 crypto and payment company registrations over the year. Politics is being converted into tokens and accusations. Hunter Biden’s LAPTOP memecoin rose 3.8-fold to $142.3 after launch, then fell 25-fold in half an hour to $5.6, and later to $0.43. Biden claims the team did not sell tokens; however, Arkham found that 100 million tokens, 10% of the supply, were sent to the team’s wallets a week before launch, of which 42.5 million were withdrawn.