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Paul Atkins, the Chairman of the US Securities and Exchange Commission (SEC), has detailed the collaborative approach between the SEC and the Commodity Futures Trading Commission (CFTC) in regulating the cryptocurrency industry.

Speaking at the ongoing FIA International Futures Industry Conference in Boca Raton, Florida, Atkins said the “regrettable era of duplicative enforcement actions” was over. In its place, the two agencies would jointly work with existing legal provisions to achieve the same goal.

SEC and CFTC joint crypto regulation

For one, firms registered with both agencies would have “substitute compliance.” This means their compliance with the regulations of one agency would imply compliance with similar regulations for the other agency.

To support this, the SEC and CFTC will jointly launch a website where crypto firms can apply for guidance discussions before launching their products. Atkins says dealing with both agencies simultaneously would heighten regulatory efficiency and speed up product approval.

As for event contracts, Atkins called for agency-agency agreement on their classification as securities or security-based swaps.

Other than that, he suggested cross-margining in the derivatives markets, so that firms may use the same collateral across multiple platforms.

He concluded with the following statement:

“The SEC and the CFTC operate under distinct statutes entrusted to us by Congress, and we must administer those mandates faithfully. But fulfilling our responsibility does not require fragmentation; in fact, it calls for coordination.”

.@SECPaulSAtkins at @FIAconnect's Global Cleared Markets Conference:

“The @SECGov & the @CFTC operate under distinct statutes entrusted to us by Congress . . . but fulfilling our responsibility does not require fragmentation; it calls for coordination.” pic.twitter.com/QpfOh2DCxF

— U.S. Securities and Exchange Commission (@SECGov) March 10, 2026

Other developments 

Atkins speech is in line with US President Donald Trump’s agenda for the nation to become the “crypto capital of the planet.”

Presently, the CLARITY Act, which is meant to provide comprehensive regulations for the cryptocurrency industry, remains stalled in the Senate Banking Committee. Since July 2025, the latter is still debating how to counter stablecoin yields and the rising crypto threat to the banking system. 

Trump had also declared that he would not sign any other bill until Congress passed the Save America Act, which requires proof of ID to vote in the US.

The duo have teamed up with other companies to launch Utilize, which seeks to change how the grid is used and regulated.

Cruise Arrivals to Mallorca Will Be Capped Starting in 2027 as Part of Overtourism Prevention Measures

Mallorca plans to reduce cruise arrivals starting in 2027 to combat overtourism and preserve the city’s historic center, reducing daily ship berths during peak months.

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Mallorca, Spain Tightens Grip on Cruise Tourism as Palma Introduces New Limits to Protect Its Historic Streets and Local Life!

Mallorca, Spain Authorities in Mallorca, one of the Mediterranean’s most visited island destinations, are preparing to introduce stricter limits on cruise tourism in the coming years. Officials in Palma, the capital of the island, have outlined a policy that will reduce the number of cruise ship passengers permitted to arrive daily during the peak summer months beginning in 2027. The move reflects growing efforts by regional and local authorities to manage tourism flows and protect the island’s historic districts and public infrastructure. The new framework focuses on regulating cruise ship arrivals at the Port of Palma, one of the busiest cruise gateways in the Balearic Islands. By lowering passenger capacity during the summer season and restricting the number of large vessels docking each day, officials aim to strike a balance between tourism revenue and the quality of life for residents.

Mallorca Introduces Seasonal Passenger Limits

Under the proposed plan, daily cruise passenger capacity in Palma, Mallorca will decrease during the summer travel period between June and September. The number of cruise passengers allowed to disembark each day will fall from 8,500 to 7,500 during these peak months once the new regulations are implemented. This seasonal reduction will apply during the busiest tourism period, when cruise ships and international visitors arrive in large numbers. Outside the summer season, the passenger limit will remain unchanged, allowing up to 8,500 cruise visitors per day. Authorities have scheduled the new restrictions to operate for several years, covering the period between 2027 and 2029. During this timeframe, port and municipal officials will monitor the effectiveness of the measures in managing visitor numbers and maintaining sustainable tourism practices.

Restrictions on the Number of Cruise Ships

In addition to reducing passenger capacity, the policy also introduces new limits on the number of cruise vessels permitted to dock in Palma on any given day. Only three cruise ships will be allowed to berth at the Port of Palma daily under the revised framework. Among these vessels, just one ship will be permitted to carry more than 5,000 passengers. This measure is designed to prevent multiple mega-cruise ships from arriving simultaneously, which can overwhelm the port area and surrounding urban spaces. By staggering arrivals and limiting the size of vessels allowed to dock, officials hope to reduce crowding in the city center and improve visitor management.

Overtourism Concerns Drive the Decision

The decision to regulate cruise arrivals comes amid growing concerns over overtourism across Mallorca and the wider Balearic Islands. Over the past several years, residents in Palma and other parts of the archipelago have increasingly voiced concerns about the impact of high visitor volumes. Issues raised include overcrowded streets, pressure on local infrastructure, rising housing costs, and strain on public services. Public demonstrations have taken place across the islands, highlighting frustration among residents who believe tourism growth has exceeded sustainable levels. Local authorities have therefore begun introducing measures designed to balance economic benefits with community wellbeing. The cruise sector has been a particular focus because large ships can deliver thousands of passengers into the city within a short period, significantly increasing congestion in historic districts and popular attractions.

Historic Center Protection Measures

One of the primary goals of the new cruise management policy is to protect the historic center of Palma, which is known for its narrow streets, cultural landmarks, and centuries-old architecture. The city’s old town is home to several important heritage sites, including the iconic Cathedral of Santa Maria of Palma, a landmark that attracts large numbers of visitors each year. Managing tourist flows in this area has become a priority for city planners and tourism authorities. By reducing the daily volume of cruise passengers during the busiest months, officials expect fewer simultaneous arrivals in the historic core. This approach is intended to help preserve the character of the city while still allowing tourism to contribute to the local economy.

Tourism Growth in the Balearic Islands

The Balearic Islands, which include Mallorca, Menorca, Ibiza, and Formentera, are among the most popular travel destinations in the Mediterranean. Recent tourism data highlights the scale of visitor demand. The archipelago welcomed approximately 18.7 million travelers in 2024, while visitor numbers surpassed 19 million the following year. In comparison, the resident population across the islands is estimated to be around 1.2 million people. This disparity between visitor numbers and local population has intensified debates about tourism management and sustainability. Many policymakers now view regulated tourism growth as essential for protecting natural landscapes, heritage sites, and community life.

Cruise Tourism’s Role in the Local Economy

Cruise tourism remains a significant economic contributor for Mallorca and the Balearic Islands. Visitors arriving by cruise ships spend money on excursions, dining, shopping, and transportation, supporting a wide network of local businesses. However, the economic benefits are often balanced against the logistical challenges created when large cruise ships dock simultaneously. High visitor volumes can place stress on transportation systems, public spaces, and essential services. By adjusting cruise arrival policies rather than eliminating them entirely, authorities are attempting to maintain the sector’s economic contribution while improving overall tourism management.

Port of Palma as a Major Mediterranean Hub

The Port of Palma has long served as a major cruise hub in the western Mediterranean. Its strategic location makes it a popular stop for itineraries connecting Spain, France, Italy, and other Mediterranean destinations. The port is equipped with multiple cruise terminals capable of accommodating large modern vessels. During peak travel periods, several ships can arrive on the same day, bringing thousands of passengers ashore. The upcoming regulations aim to better distribute cruise arrivals throughout the season and reduce peak-day congestion. Limiting the number of ships and passengers should make it easier for port authorities to manage traffic flows and ensure smoother operations.

A Wider Trend Across European Destinations

The initiative in Mallorca reflects a broader trend across European tourist destinations seeking to address overtourism. Several major destinations have already introduced policies aimed at limiting cruise tourism or controlling visitor numbers. Measures adopted in various cities include caps on daily visitors, restrictions on large ships, and new environmental regulations. In the case of Mallorca, authorities are focusing specifically on passenger limits and vessel size restrictions to ensure the island remains an attractive destination while safeguarding the wellbeing of its residents.

Looking Ahead to 2027

With the implementation timeline set to begin in 2027, local officials have several years to coordinate with cruise operators, port authorities, and tourism stakeholders. During this period, planners will continue refining operational details and monitoring tourism trends. The multi-year trial period through 2029 will allow policymakers to evaluate whether the passenger cap successfully reduces congestion and addresses community concerns. For travelers planning future Mediterranean cruises, Mallorca is expected to remain a key stop on many itineraries. However, the new regulations signal a shift toward a more carefully managed tourism model.

Conclusion

The decision by officials in Palma, Mallorca to limit cruise passenger numbers represents a significant step in the island’s evolving tourism strategy. By lowering daily passenger capacity during peak months and restricting the number of large vessels docking at the Port of Palma, authorities aim to ease pressure on historic areas and public services. As visitor numbers continue to rise across the Balearic Islands, managing tourism growth has become a central priority for local governments. The new cruise regulations are expected to play an important role in ensuring that Mallorca remains both a thriving travel destination and a livable community for residents.

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Croatia Strengthens Tourism Sector with New Regulations for Tourist Guides and Heritage Sites, Here’s What You Need To Know

Croatia has announced a comprehensive set of tourism regulations designed to streamline administrative procedures and align the tourism sector with European Union standards. Presented by the Croatian Ministry of Tourism and Sports, these new regulations are a significant move towards further refining the tourism framework and enhancing the operational efficiency of tourist boards across the country.

The new regulations, part of the country’s ongoing efforts to harmonize with the EU’s acquis communautaire and the guidelines set by the OECD, are expected to significantly simplify the licensing process and raise professional standards within the tourism sector. These measures target the operation of tourist boards, the licensing and training of tourist guides, and the management of protected heritage areas.

New Tourist Guide Regulations

A core element of the new regulatory package focuses on tourist guides, with four regulations falling under the Act on the Provision of Services in Tourism. These regulations aim to improve the quality of services provided by tourist guides and ensure their professional development aligns with EU standards.

One of the major changes in the regulatory framework involves the introduction of a unified professional exam for tourist guides. Previously, exams were held at the county level, but under the new system, exams will be centralized across four regional centres, offering a more streamlined and uniform approach. The exams will consist of a general component, which will be mandatory for all tourist guides, alongside a specialized exam component for those wishing to lead tours at Croatia’s protected heritage sites.

Another regulation introduces a new method for issuing tourist guide identification cards, which will standardize the process of identifying qualified professionals in the field. In addition, the regulations include provisions for the recognition of foreign professional qualifications for tourist guides and managers in travel agencies. This move will help facilitate international collaboration and improve the experience for foreign tourists visiting Croatia.

Protected Heritage Areas and Tourist Guide Training

Croatia’s protected heritage areas play a vital role in attracting international tourists, and the new regulations address the need to preserve the integrity of these locations. The official list of protected tourism localities has undergone a major overhaul. The number of designated sites has been reduced from over 500 to just 107 clearly defined locations. Of these, 28 sites are particularly important as they relate to the Croatia’s Homeland War, underscoring the country’s commitment to preserving its history and cultural heritage.

Tourist guides who wish to lead tours at these protected sites will now be required to undergo additional training. This training aims to ensure that guides provide a respectful and historically accurate interpretation of these important locations, particularly those connected to Croatia’s recent history. The changes to the protected sites list also reflect a broader effort to streamline the management of these locations, ensuring that resources are focused on the most significant and culturally important sites.

Improving the Efficiency of Tourist Boards

In addition to the regulations concerning tourist guides, Croatia has introduced a new regulation under the Act on Tourist Boards and the Promotion of Croatian Tourism. This regulation addresses the professional exams for employees of tourist boards, ensuring that those working within the country’s tourism sector have the necessary qualifications and expertise to promote Croatia as a leading European destination.

By centralizing the professional exam for tourist board employees, Croatia aims to simplify administrative processes, making it easier to attract qualified professionals to work within the country’s tourism sector. This will help further develop Croatia’s tourism industry, which is a key driver of the nation’s economy.

Next Steps and Public Consultation

The proposed regulations will now be subject to public consultation, with stakeholders and the public invited to provide feedback via Croatia’s e-Savjetovanja platform. The consultation period will last for 30 days, giving industry professionals, local communities, and tourists the opportunity to voice their opinions on the new regulatory changes.

Once the feedback process is complete, the regulations will be finalized and implemented. These reforms are seen as an important step in Croatia’s efforts to create a simpler, more transparent, and efficient tourism system. The government is hopeful that these changes will enhance the professionalism of the sector, improve the experience for tourists, and further elevate Croatia’s reputation as a top European destination.

A Step Toward EU Alignment

These new tourism regulations represent a significant milestone in Croatia’s journey to fully align its tourism industry with European standards. By improving the licensing process for tourist guides, simplifying administrative procedures, and ensuring that guides are properly trained to provide accurate and respectful interpretations of Croatia’s rich history, these reforms are expected to bring lasting benefits to the tourism sector.

As Croatia continues to strengthen its tourism framework, the country is positioning itself as an even more attractive destination for both international and domestic travelers. With the new regulations, the Croatian tourism sector is poised to become more competitive, efficient, and aligned with global industry standards, further cementing its status as a leading European tourism hub.

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Japan Bans Power Banks On Aircraft, Urging Travelers to Follow New Safety Guidelines Amid Growing Fire Risk

In a significant move to enhance flight safety, Japan has issued a nationwide ban on the use of power banks on aircraft. This new regulation, announced by Japan’s aviation authorities, comes as part of efforts to mitigate the growing fire hazard associated with the lithium batteries commonly found in portable chargers. The decision underscores Japan’s commitment to maintaining high safety standards in its aviation sector while ensuring the protection of both passengers and crew members.

The aviation safety concern stems from the fact that power banks, if not handled properly, have been known to overheat and catch fire, causing significant hazards on flights. These devices, which have become essential for modern-day travelers, contain lithium-ion batteries that can sometimes fail under specific conditions, such as during high altitudes and low-pressure environments. The ban was put into effect immediately and applies to all commercial flights operating within and outside Japan.

What Travelers Need To Know About Japan’s New Power Bank Ban

Starting immediately, travelers flying to or from Japan are prohibited from carrying power banks in their carry-on luggage. The ban extends to both domestic and international flights departing from Japan. All airlines, whether operating within the country or flying abroad, must adhere to the new guidelines, which aim to reduce fire risks that could lead to serious accidents. Additionally, travelers will be asked to secure all other electronic devices with lithium-ion batteries, such as laptops, tablets, and smartphones, following new safety guidelines that limit the amount of charge allowed on aircraft.

Japan’s aviation safety experts highlighted that the decision was made after a series of incidents involving overheating power banks aboard aircraft, leading to fires in cargo holds. Although such incidents have been relatively rare, the potential risks posed to both the aircraft and the lives of passengers necessitated the introduction of this ban. The Japanese government stressed the importance of adhering to these regulations to avoid delays, fines, and potential damage to flight safety systems.

Japan’s Growing Concern Over Lithium-Ion Battery Safety

Japan’s regulatory authorities have long been concerned about the safety of lithium-ion batteries used in electronic devices. These batteries are commonly found in power banks, mobile phones, laptops, and other portable gadgets. While they provide the necessary power for modern devices, their volatile nature poses a risk when mishandled or improperly stored. This is especially the case when the batteries are exposed to extreme temperature fluctuations or physical damage during transit.

The most significant danger posed by power banks is their tendency to overheat. In the confined space of an aircraft, a malfunctioning battery can cause a fire that is extremely difficult to manage in the air, where traditional firefighting equipment may not be effective. This issue became especially pressing for Japan following several international incidents in which power banks caught fire mid-flight, resulting in significant damage to aircraft.

To address these risks, Japan has now implemented some of the strictest guidelines worldwide for carrying lithium-ion battery-powered devices. In addition to the ban on power banks, Japan has tightened regulations on the use and storage of other devices that contain lithium-ion batteries, particularly in checked luggage. The new measures aim to create safer air travel conditions for passengers while still allowing travelers to bring essential electronic devices on board, albeit under stricter conditions.

What Travelers Should Do

Travelers heading to Japan or flying out of the country must be aware of these new regulations to avoid any inconvenience or issues at the airport. To comply with Japan’s new ban, here’s what travelers need to keep in mind:

1. Power Banks Not Allowed: Power banks, regardless of size or capacity, are not allowed in carry-on bags or checked luggage on flights operated by airlines based in Japan or flying out of the country.
2. Portable Chargers Must Be Removed: Travelers are advised to remove power banks and similar devices from their bags and ensure they do not carry them onto the aircraft. If found, the items may be confiscated by security personnel.
3. Limited Usage of Other Electronic Devices: While mobile phones, laptops, and tablets are still allowed, there are now restrictions on how much charge is allowed. Passengers should consult with their airline for specific guidelines regarding the charge limits of such devices.
4. Check Airline Policies: Different airlines may have varying policies regarding the transportation of lithium-ion batteries, and travelers are encouraged to check with their airline before traveling to ensure full compliance with the regulations.
5. Avoid Delays: Passengers who fail to comply with the new safety measures may face delays or be denied entry to flights. Japan’s aviation authorities have warned that airlines will be monitoring passengers’ carry-ons closely to ensure that no banned items are taken on board.

The Global Impact and Similar Regulations

Japan’s decision to ban power banks is part of a growing global trend aimed at mitigating the fire risks posed by lithium-ion batteries. Several countries, including the United States, the European Union, and Australia, have already imposed similar restrictions on power banks in airports. However, Japan’s regulations are now among the most stringent, signaling a shift towards even more comprehensive safety measures in the aviation industry.

The move also highlights the increasing role that technological advances and safety concerns play in shaping global air travel regulations. With the growing use of portable electronic devices, the need for stricter safety measures has become more urgent, prompting governments and airlines to adapt accordingly.

Japan’s initiative could serve as a model for other countries to follow, especially as the risks associated with lithium-ion batteries continue to be a concern for global aviation safety. Industry experts suggest that other nations may implement similar policies in the future, particularly if further incidents occur involving power banks or related devices.

Travelers Urged to Stay Informed

As the ban on power banks is enforced, Japan’s aviation authorities are urging travelers to stay informed about the latest safety guidelines and changes in airport security regulations. Travelers are encouraged to follow updates from their airlines, check for notifications from official government sources, and be prepared for more stringent security checks when traveling in and out of Japan.

Japan’s regulatory changes mark a crucial step forward in ensuring that air travel remains as safe as possible. While power banks and other portable chargers are essential for today’s tech-savvy traveler, adhering to these new safety protocols is essential to minimizing fire hazards and enhancing passenger safety.

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Japan Joins Singapore, Taiwan, Thailand, South Korea, Australia, United Arab Emirates and others by Unveiling Stricter Power Bank Limits on Flights Now, Restricting Travelers to Two Per Person for Enhanced Flight Safety

As Japan continues to focus on improving aviation safety, a new set of proposed rules is set to impact air travel for international tourists. Starting soon, passengers flying into and out of Japan will be limited to carrying no more than two power banks per person on flights. This move comes in response to growing concerns about the risk of battery fires on aeroplanes, following several incidents in recent years.

New Proposal from Japan’s Transport Ministry

The proposal from Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) aims to tighten safety protocols surrounding the transportation of mobile power banks and spare batteries for electronic devices. Under the new regulations, travelers will only be permitted to carry up to two mobile batteries, each not exceeding 160 watt-hours. This applies to all devices, from smartphones to camera batteries, which are commonly carried by tourists heading to popular destinations like Tokyo, Osaka, and Kyoto.

Impact on Tourists and the Tourism Industry

For tourists visiting Japan, this restriction could affect the packing list, especially for long-haul travelers relying on power banks to stay connected during their trip. With Japan being a prime destination for both business and leisure travel, tourists typically travel with multiple electronic devices, ranging from smartphones and tablets to portable chargers for cameras and other gadgets.

As Japan’s tourism continues to grow, especially after the country has reopened its borders post-pandemic, many visitors fly into Tokyo or Osaka, two of the busiest airports in Asia. Passengers arriving at Narita International Airport or Kansai International Airport will soon need to ensure their devices are fully charged before boarding, as using power banks during the flight will also be restricted under the new rules.

Japan has long been a hotspot for international travelers looking to explore its mix of modern and traditional attractions, including iconic sites such as Kyoto’s temples, the bustling streets of Shibuya, or the scenic beauty of Mount Fuji. As a country known for its technological advancements and efficiency, the government’s move to limit power banks aims to enhance safety without compromising the travel experience.

New Safety Measures in Response to Battery Fires

The introduction of these new power bank regulations comes after a rise in reports of lithium-ion battery fires on aircraft. With more and more travelers carrying mobile batteries as an essential travel accessory, the risk of these batteries overheating or malfunctioning mid-flight has sparked serious safety concerns.

In response to these incidents, the MLIT’s proposal aims to limit the number of power banks each passenger can carry, reducing the potential for such hazards on board. The restrictions will apply to both carry-on and checked luggage, with a strict focus on ensuring the safety of all passengers. Airlines are also expected to update their safety protocols in alignment with these new regulations.

What Does This Mean for International Travelers?

For those planning to travel to Japan in the coming months, it’s important to check your power bank specifications. If you’re traveling with multiple devices, such as a smartphone, tablet, camera, or laptop, you’ll need to ensure that each power bank adheres to the 160 watt-hour limit. Any power banks exceeding this capacity will likely need to be discarded or placed in checked luggage, where they may face additional restrictions.

Additionally, the new rules will prohibit the use of power banks during flights, meaning passengers will have to make alternate plans for charging devices on long-haul flights. For tourists on a tight schedule, this could mean finding charging stations before boarding or utilizing onboard power outlets if available.

While the rule only limits power banks, this change may prompt travelers to rethink how they manage their electronics during international flights. For example, travelers heading to Japan for a short vacation may want to consider bringing fewer devices or plan to rely more heavily on devices with longer battery life.

Implications for Travel and Tourism

Japan’s ongoing efforts to improve flight safety are in line with broader trends observed across global aviation. Other countries have implemented similar restrictions in the past, particularly in response to safety concerns surrounding lithium-ion batteries. However, this new regulation from Japan stands out as an example of a country proactively addressing emerging threats while considering the interests of tourists.

As Japan continues to be a top destination for international tourism, these measures highlight the country’s commitment to ensuring passenger safety. For many travelers, Japan is a gateway to incredible experiences, whether they are exploring the tranquil temples of Kyoto or enjoying the vibrant nightlife in Tokyo.

How Travelers Should Prepare

If you’re planning a trip to Japan and your itinerary includes flights, here are some steps to take in preparation for the new power bank rules:

1. Check Power Bank Capacity: Review the watt-hour rating of your power banks. If they exceed the 160 watt-hour limit, they will not be allowed in your carry-on or checked luggage.
2. Pack Only Two Power Banks: If you’re carrying multiple electronic devices, consider bringing at most two power banks to stay within the new regulations.
3. Plan for Charging Alternatives: Since power banks cannot be used during the flight, explore other charging options, such as relying on onboard power outlets or charging your devices before boarding.
4. Stay Informed: Check with your airline for any additional updates or changes regarding the transportation of power banks.
5. Understand the Regulations: Familiarize yourself with the Japanese Ministry’s travel guidelines to ensure compliance and avoid any travel disruptions.

Conclusion

With Japan taking these necessary steps to address aviation safety, international travelers will need to adjust their packing strategies to comply with the new power bank regulations. While these changes are designed to protect passengers from fire risks, they may also encourage visitors to plan their travel tech needs better.

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