Field notesfrom the rails.
Guides on banking, processing and crypto liquidity for international operators. Written from inside the structures, not around them.
Cryptomus Sanctions 2026: What Merchants Must Do Now
The UK has sanctioned Xeltox, the company behind Cryptomus and Heleket. What the listing covers, why exchanges and banks will flag funds that touched these gateways, the source-of-funds file to build, and how to pick a licensed replacement.
USDT EU Ban 2027: What ESMA's Stablecoin Deadline Means
ESMA has told EU crypto platforms to stop all services in non-MiCA stablecoins, USDT included, custody and transfers too, with leftovers cleared by 8 January 2027. Who it hits, what still works, and how to move balances and payout rails in time.
Brazil Crypto Regulation 2026: What Changes for BRL Off-Ramps
From 6 November 2026 Brazilian banks and PSPs can't deal with unauthorised crypto providers. The BCB rules, the US$100k FX cap, US$10k self-custody reporting, Binance's purpose codes, and how to check your counterparties.
Crypto OTC Desk vs Exchange: How to Execute Large Crypto Trades
When a crypto OTC desk beats an exchange for large trades: how RFQ pricing works, the real cost of slippage, where settlement risk sits, and how to run counterparty due diligence before your first trade.
Crypto Off-Ramp for Business: USDT to Fiat Without Bank Rejections
How businesses convert USDT and other crypto to fiat through licensed counterparties, why banks reject crypto proceeds, and the source-of-funds file that gets conversions cleared under the travel rule and MiCA.