1. Executive Summary Sentiment:   Bullish (Strategic Opportunity) / Bearish (Operational Friction) The regulatory landscape for the week ending 30 January 2026 presents a stark dichotomy. While the UK  and Japan  are actively engineering pathways for institutional adoption and new revenue models (through “Targeted Support” and tax reform), the US  has signalled a zero-tolerance policy on sanctions evasion, including the piercing of the corporate veil of registered exchanges.

1. EXECUTIVE SUMMARY The regulatory landscape for the week ending 23 January 2026 indicates a definitive fracturing of global operating models. The era of a single, unified global platform serving all jurisdictions via offshore licenses is functionally over. UK (Bearish):  The Financial Conduct Authority (FCA) has effectively closed the “reverse solicitation” window. New proposals force a binary strategic choice for Crypto Asset Service Providers (CASPs): capitalise a full UK