The Monthly Crypto Map: November 2025
In the cryptocurrency global developments, November delivered a packed slate of policy moves, enforcement actions, and industry developments across the US, Europe, and Asia.
4 min read
Welcome to the first edition of The Monthly Crypto Map — your monthly wrap of the biggest developments shaping global crypto. Starting today, we’ll bring this to you on the first Thursday of every month. November delivered a packed slate of policy moves, enforcement actions, and industry developments across the US, Europe, and Asia. | |
In this edition, we have sensational statements on cryptocurrency springing from the most powerful voice in the world and the arguably the biggest champion of the virtual currency, Donald Trump. He has dragged his arch nemesis – China – in his cryptocurrency rhetoric. And why not as his family fortune has taken a huge beating amid the downturn in the market. | |
Meanwhile, China’s central bank has reiterated that its ban on cryptocurrency remains while countries like Canada and Japan are moving to find a way to regulate stablecoins as its usage picks up. India on the other had maintained its “very cautious” stance on the stablecoins – something which we first reported much before the RBI Governor Sanjay Malhotra spoke about it, in our ‘Money & Machines’ weekly newsletter in October. | |
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Trump flags China as a crypto threat | |
Cryptocurrency is very close to US President Donald Trump's heart and he has made no bones about it. In his no-holds barred style, not only did he declare his ambition to have the American dominance over the virtual currency but also made a sensational statement that China is getting big into crypto. | |
"I want to make crypto great for America. I don't want China to be number one. China is getting into it very big", he said in an interview to CBS. | |
Family fortune at stake | |
One cannot but forgive him for his avid and blatant support of cryptocurrency as his family has a massive stake in it. His family fortune has declined by around one billion dollars in the past two months as the cryptocurrency market has experienced a severe downturn. | |
China reiterates cryptocurrency ban | |
Meanwhile, China's central bank The People's Bank of China, albeit not in a direct response to Trump’s allegation, reaffirmed its tough stance on cryptocurrencies. Virtual currencies do not hold the same legal status as fiat currency and cannot be used as legal tender in the market, it said. China has banned cryptocurrency since 2021. We wonder how Trump would refute that? | |
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In July, Trump signed the GENIUS Act into law, establishing the first comprehensive US federal regulatory framework for payment stablecoins. Stablecoins are cryptocurrencies that are pegged to the US dollar making them less vulnerable to wild swings. Other countries are realising that they cannot stay on the sidelines on stablecoins and are taking the steps towards adoption. | |
Canada announces framework for Canadian Dollar-backed stablecoins in 2025 budget - | |
UK expedites 2025 crypto & stablecoins framework to keep pace with EU and US rivals (November 2024-2025) | |
Japan's FSA launches payment innovation project for stablecoin trials with major banks | |
Global crypto exchanges back Saudi Arabia’s stablecoin, digital-asset ambitions | |
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Meanwhile in India, the Reserve Bank of India Governor Sanjay Malhotra, reiterated that private cryptocurrencies and stablecoins carry “huge risk,” and that the central bank would maintain a “very cautious” stance toward them. India’s Finance Minister Nirmala Sitharaman has earlier said that nations must prepare to deal with stablecoins. | |
Polygon, blockchain infra company, and fintech startup Anq, are reportedly developing a sovereign-backed stablecoin | |
Binance CEO Richard Teng calls India "very important market" | |
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Hong Kong relaxes virtual asset rules to cement role as Asia’s crypto hub | |
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Irish regulator fines Coinbase Europe 21.5 million euros over monitoring failures | |
Crypto exchange Kraken files confidentially for IPO next year | |
Robinhood profit surpasses expectations as retail traders ride market momentum | |
More than half of hedge funds invested in crypto, global survey says | |
Naver's payment arm to acquire South Korean crypto exchange operator in $10 bln deal | |
Strategy adds Europe to capital raising efforts, securing $715 million in newest preferred offering | |
Mastercard, Ripple and Gemini test card payments on XRP ledger | |
Tether and Kraneshares forge alliance to drive global tokenization efforts | |
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Cryptoqueen who fled China for London mansion jailed over £5bn Bitcoin stash | |
