Sir Elton John and former prime ministers Sir Tony Blair and Gordon Brown have joined an outpouring of tributes from the political and entertainment worlds to the husband of TV presenter Kate Garraway, Derek Draper.
Sir Tony Blair paid tribute to Draper for his qualities as a professional and as a man.
“I am so sad to hear the news about Derek. My heart goes out to Kate and their children William and Darcey,” Sir Tony said.
“He was a tough sometimes ruthless political operative, a brilliant adviser and someone you always wanted on your side.
“But underneath that tough exterior he was a loving, kind, generous and good-natured man you wanted as a friend.”
Sir Tony added Draper was “an important part of the New Labour story, at the centre of things right at the beginning”.
Gordon Brownadded he will remember Draper as “brilliant, creative and multitalented”.
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Meanwhile, Sir Elton John sent his “love and thoughts” to Garraway.
In response to her post on Instagram announcing the death, the musician wrote: “So sorry to hear of this news, Kate. Love and thoughts to you and your family x.”
Draper attended the Rocket Man’s Farewell Yellow Brick Road concert at London’s O2 Arena in April after being invited along with Garraway as the guests of honour.
Image: Kate Garraway, with her husband Derek Draper and her parents Gordon and Marilyn Garraway, after being made a Member of the Order of the British Empire
Fellow Good Morning Britain host Charlotte Hawkins also shared her sympathies with Garraway.
Alongside a photo of Draper and Garraway which Hawkins posted to Instagram, she wrote: “Such desperately sad news about Derek.
“It’s been an incredibly tough time for all the family & Kate has been so strong throughout all this – please send her your love & prayers so she knows we’re all here for her.”
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Garraway confirmed her “darling husband” had died and she had been “by his side holding his hand throughout his last long hours” earlier today.
She said he suffered a heart attack in early December, adding that “the damage inflicted by COVID… led to further complications”.
Among the thousands of replies were tributes from Good Morning Britain host Susanna Reid, singer Alesha Dixon and Line Of Duty actress Vicky McClure.
“Our whole hearts are with you,” Reid wrote.
McClure added: “So so sorry to hear this Kate. Sending all my love to you and your family xxx.”
Presenter and comedian Alan Carr posted: “Oh Kate that’s so awful. Sending you so much love and the deepest condolences.”
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Meanwhile, fellow ITV presenter Lorraine Kelly described Garraway as an “astonishing woman” who did her husband “proud”.
Garraway “has been so strong and brave,” she wrote on Instagram.
“Thoughts with her and her children and family. She was right by his side until the end and did him proud. An astonishing woman,” Kelly added.
Draper’s prominence in the Labour Party in the 1990s also led former Number 10 director of communications, Alastair Campbell, to pay tribute to him.
He said he was a “huge character, a giver not a taker, and had so much more to give before COVID took its toll”.
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ITV boss Kevin Lygo, meanwhile, said ITV workers are “desperately saddened” to learn of Draper’s death.
“Everyone that has worked with Kate at ITV over the past few years are desperately saddened to hear this terrible news,” he said in a statement.
“Our thoughts and heartfelt condolences are with Kate and Derek’s family and we will continue to offer our support in any way we can at this very difficult time.”
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Brazil’s central bank completed rules that bring crypto companies under banking-style oversight, classifying stablecoin transactions and certain self-custody wallet transfers as foreign-exchange operations.
Under Resolutions 519, 520 and 521, published Monday, the Banco Central do Brasil (BCB) established operational standards and authorization procedures for what it calls Sociedades Prestadoras de Serviços de Ativos Virtuais (SPSAVs), a new category of licensed virtual-asset service providers operating in the country.
The framework extends existing rules on consumer protection, transparency and Anti-Money Laundering (AML) to crypto brokers, custodians and intermediaries.
The rules will take effect on Feb. 2, 2026, with mandatory reporting for capital-market and cross-border operations set to begin on May 4, 2026.
Stablecoins under foreign exchange rules
Under Resolution 521, a purchase, sale or exchange of fiat-pegged virtual assets, including international transfers or payments using such assets, will be treated as foreign-exchange (FX) operations.
With this classification, stablecoin activity will be subject to the same scrutiny as cross-border remittances or currency trades.
Licensed FX institutions and the new SPSAVs will be able to perform these operations, subject to documentation and value limitations. According to the BCB, transactions with unlicensed foreign counterparts will be capped at $100,000 per transfer.
The rules also cover transfers to and from self-custodied wallets when intermediated by a service provider. This means that providers must identify the wallet’s owner and maintain their processes that verify the origin and destination of the assets, even if the transfer itself isn’t cross-border.
This provision extends AML and transparency obligations to areas previously considered outside the scope of regulated finance.
While the rules don’t explicitly ban self-custody, they close a key reporting gap, forcing regulated exchanges and brokers to treat wallet interactions like formal FX operations.
BCB says the goal is to promote efficiency and legal certainty
In the announcement, the BCB said its goal is to ensure “greater efficiency and legal certainty,” prevent regulatory arbitrage and align crypto activities with the country’s balance-of-payments (BoP) statistics, which means making stablecoin transfers visible in official financial data.
The move follows months of public consultation and growing concern from the central bank on the dominance of stablecoin use in Brazil. On Feb. 7, BCB President Gabriel Galipolo said that around 90% of crypto activity in Brazil involved stablecoins, mainly used for payments.
Galipolo said the widespread use of stablecoins in payments presented regulatory and oversight challenges, particularly in areas such as money laundering and taxation.
Brazil’s central bank said the new framework aims to curb scams and illicit activity while providing legal clarity to crypto markets.
For crypto builders, this may raise compliance costs and reshape how local platforms interact with global liquidity. Smaller crypto players will be forced to compete with bigger institutions and meet more stringent banking-grade standards.
The rules will take effect in February 2026, but market participants are expected to start restructuring before then.
For Brazil, where crypto activity is second only to Argentina in Latin America, the new regulations signal a decisive shift from experimentation to integrated oversight.
The new rules show that crypto is welcome in the Brazilian financial ecosystem, but it will have to play by the same rules as fiat money.
Institutional investors are maintaining confidence in digital assets despite a sharp market correction in October, with most planning to expand their exposure in the months ahead, according to new research.
Over 61% of institutions plan to increase their cryptocurrency investments, while 55% hold a bullish short-term outlook, Swiss crypto banking group Sygnum said in a report released on Tuesday. The survey covered 1,000 institutional investors globally.
Roughly 73% of surveyed institutions are investing in crypto due to expectations of higher future returns, despite the industry still recovering from the record $20 billion market crash at the beginning of October.
However, investor sentiment continues facing uncertainty due to delays in key market catalysts, including the Market Structure bill and the approval of more altcoin exchange-traded funds (ETFs).
While this uncertainty may carry over into 2026, Sygnum’s lead crypto asset ecosystem researcher, Lucas Schweiger, predicts a maturing digital asset market, where institutions seek diversified exposure with long-term growth expectations.
“The story of 2025 is one of measured risk, pending regulatory decisions and powerful demand catalysts against a backdrop of fiscal and geopolitical pressures,” he said, adding:
“But investors are now better informed. Discipline has tempered exuberance, but not conviction, in the market’s long-term growth trajectory.”
Despite October’s correction, “powerful demand catalysts” and institutional participation remained at an all-time high, with the growing ETF applications signaling more institutional demand, added Schweiger.
Crypto staking ETFs may be the next institutional catalyst
Crypto staking ETFs may present the next fundamental catalyst for institutional cryptocurrency demand.
Over 80% of the surveyed institutions expressed interest in crypto ETFs beyond Bitcoin (BTC) and Ether (ETH), while 70% stated that they would start investing or increase their investments if these ETFs offered staking rewards.
Staking means locking your tokens into a proof-of-stake (PoS) blockchain network for a predetermined period to secure the network and earn passive income in exchange.
Meanwhile, investors are now anticipating the end of the government shutdown, which could bring “bulk approvals” for altcoin ETFs from the US Securities and Exchange Commission, catalyzing the “next wave of institutional flows,” according to Sygnum.