Regulation News

More than a dozen crypto exchanges in South Korea have closed or suspended operations in 2024, leaving nearly $13 million in assets unclaimed by almost 34,000 subscribers. As South Korea enforces the Virtual Asset User Protection Act, more than a…

Launching a token: From understanding how tokens are classified to ensuring proper KYC/AML compliance.

Blockchain infrastructure provider Consensys has issued an open letter to the next U.S. president, urging a regulatory framework that supports blockchain innovation. Ethereum-focused blockchain developer Consensys has called on the future U.S. administration to prioritize regulatory clarity and foster innovation…

Nigerian authorities have dropped charges against Tigran Gambaryan, head of financial crime compliance at Binance, citing his ill health as the reason for discontinuing the case. Tigran Gambaryan, a former U.S. federal agent and Binance executive, has had charges against…

Cryptocurrency exchange Hata.io has raised $4.2 million in seed funding to expand its crypto offerings and user base across the Asia Pacific region. Malaysian crypto exchange Hata has secured $4.2 million in a seed funding round led by Castle Island…

Crypto exchange Binance has ended its retail referral program in Turkey, just months after registering its services with the local regulator. Cryptocurrency exchange Binance is changing its operations in Turkey, announcing the termination of its referral program for retail customers…

Japan’s regulators remain cautious on spot crypto ETFs despite a global shift towards approval, according to Sumitomo Mitsui Trust Asset Management. Japan‘s regulators maintain a cautious stance on spot crypto exchange-traded funds, diverging from the more progressive approaches seen in…

Tether’s boss reiterated the stablecoin issuer’s interest in providing U.S. dollars to the unbanked billions worldwide and expressed expectations for favorable regulations. Tether (USDT) CEO Paolo Ardoino told DC Fintech Week attendees that the company sees U.S. crypto regulation improving…

A Monero-focused investigation has reportedly led to Japan’s first arrest of a suspected ¥100 million credit card fraud ringleader. A joint investigation by Japan‘s National Police Agency’s Cyber Special Investigation Unit led to the arrest of a ringleader accused of…

The Indonesian Commodity Futures Trading Regulatory Agency has extended the deadline for crypto exchanges to meet the necessary requirements to get their Physical Crypto Asset Traders license as part of a revised government bill. In an Oct. 20 press release,…

Japan’s Democratic Party for the People leader, Yuichiro Tamaki, promises to cut crypto tax to 20% along with a number of other crypto-related policies if the party gets elected. In an X post on Oct. 21, Japanese politician and Democratic…

The FCA is defending its stringent crypto firm registration process despite concerns that the approach may hinder innovation. The U.K. Financial Conduct Authority is reaffirming its commitment to a rigorous registration process for crypto businesses, addressing concerns that these tough…

Blockchain.com executives face prosecution, with court proceedings underway as Companies House intensifies its enforcement measures. British crypto provider Blockchain.com is facing legal action after two senior executives were charged over the company’s failure to file accounts on time, The Telegraph…

The future of tokenizing real-world assets will depend on global collaboration between regulators, developers, and investors.

Kazakhstan’s financial watchdog is set to implement new restrictions that would require banks to automatically deny banking transfers to overseas crypto exchanges. The Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market, which oversees the country’s…

The EU’s markets watchdog is reportedly set to call for mandatory external audits of crypto companies’ cyber defenses to enhance consumer protection amid rising security breaches. The European Securities and Markets Authority is said to be gearing up to advocate…