Regulatory

Cryptocurrency giant Binance converts $1B safety fund to USDC, signaling a strategic move to enhance transparency and re-enter the Indian market.

New legislation aims to enhance financial stability by imposing strict rules on stablecoin issuers.

City’s inaugural Bitcoin ETF approval spurs price surge, signaling crypto investment growth.

Disgraced FTX founder Sam Bankman-Fried challenges his prison term and seeks New York confinement during the appeal.

Hong Kong’s SFC is set to approve spot Bitcoin ETFs, offering new investment avenues.

Binance’s Tigran Gambaryan pleads not guilty to money laundering in Nigeria, faces remand.

MAS revises PSA to cover crypto custody, aiming to enhance user protection.

Ex-FTX leaders agree to $1.35M payout in class action settlement after founder’s sentencing.

KuCoin’s $10 million airdrop aims to retain users despite DOJ and CFTC charges.

Bankman-Fried plans to appeal the conviction and sentence.

The DeFi Education Fund and Beba challenge the SEC to clarify the status of their $BEBA token as non-security.

Binance gets blocked by Philippines financial watch dog as the exchange drops Tron USDC.

The U.S. Securities and Exchange Commission intensifies its scrutiny on the Ethereum Foundation through subpoenas, igniting debates over Ether’s classification and casting doubt on spot Ether ETF approvals.

U.S. Senators Jack Reed and Laphonza Butler have expressed concerns over the approval of crypto ETFs beyond Bitcoin.

Lazarus Group, linked to North Korea, has resumed laundering stolen funds using Tornado Cash, a crypto mixer sanctioned by the U.S.

Craig Wright is not Bitcoin’s creator, Satoshi Nakamoto, accourding to the High Court’s ruling.

Bankrupt Terraform Labs secures court approval to hire Dentons for legal representation, despite SEC objections.

Changpeng Zhao must surrender Canadian passport and stay in the U.S. as part of revised bail conditions.

Analysts lower expectations for a spot Ethereum ETF approval by May.

The UK’s (FCA) has greenlit crypto asset ETNs for professional investors, with the London Stock Exchange set to accept applications next quarter.

Jerome Powell assures Senate Committee that a U.S. central bank digital currency is not forthcoming, prioritizing privacy and banking system integrity.

Two SEC commissioners express concerns over the agency’s ambiguous approach to cryptocurrency regulation following a recent settlement with ShapeShift.

A Montenegro appeals court has invalidated the decision to extradite Do Kwon to the United States.

Spanish regulator orders Worldcoin to stop processing personal data, citing privacy violations.

The SEC alleges Binance.US has not fully complied with information requests regarding customer assets.

A U.S. judge’s ruling classifies crypto assets traded in secondary markets as securities.

FTX warns public about unauthorized parties soliciting bids for its digital assets, reaffirming Galaxy Asset Management’s exclusive role.

SEC Commissioner Hester Peirce urges for sensible crypto regulation to support innovation and protect U.S. industry interests.

The financial watchdog contends the payment may be intended to avoid future judgments and should instead aid investors and creditors.

Gemini exchange reaches a settlement to return funds to users affected by the Genesis bankruptcy.

Sam Bankman-Fried’s legal team argues for a lighter prison term, criticizing the 100-year recommendation as excessive.

After a brief withdrawal, HTX reapplies for a Hong Kong crypto trading license.

The Chinese government alerts citizens to a fraudulent app imitating the official digital yuan platform.

Craig Wright’s claim as Bitcoin creator faces scrutiny in court with new evidence and testimonies.

The UK Law Commission proposes a new legal framework to recognize cryptocurrencies as property, aiming to provide clarity and protection for digital assets.

Crypto group and digital asset firm challenge SEC’s authority in Texas lawsuit.

Montenegro court approves extradition of Terraform Labs’ Do Kwon to the US, where he faces fraud charges.

Former SEC attorney Ladan Stewart transitions to White & Case, a firm known for defending crypto companies.

“Terrorists” still prefer to use traditional finance products, according to U.S. Treasury’s Brian Nelson.

Zhao has pleaded guilty to money laundering charges in November.

International tug of war over Kwon’s fate takes a new turn with Montenegro court’s reversal on extradition.

Crypto criminals with more than US$3.76 billion in profits may face life in South Korea.

Only two exchanges are licensed to provide crypto trading services to Hong Kong’s retail sector so far.

Genesis, in bankruptcy, seeks court approval to sell Bitcoin and Ether trust assets worth US$1.6 billion.

OPNX, founded by Su Zhu, ceases operations due to FTX estate’s recovery claims.

The mystery of the FTX hack unfolds as the DOJ charges three unnamed suspects for the US$400 million theft in November 2022.

Crypto derivatives exchange Bybit seeks to enter Hong Kong’s market with a new license application.

Celsius Network starts repaying $3 billion to creditors, marking a step towards resolving its bankruptcy.

FTX plans to repay customers amid bankruptcy proceedings, rules out exchange relaunch.

Floki Inu suspends its staking program in Hong Kong following regulatory warnings.

Hong Kong could welcome its first spot Bitcoin ETF, courtesy of Harvest Global’s recent filing.

Ether ETF hopefuls on hold as SEC postpones decision.

Do Kwon-founded Terraform Labs files for Chapter 11 bankruptcy in the U.S.

Fidelity’s bid for a spot Ethereum ETF hits a snag as SEC delays decision.

Major crypto exchanges vanish from Apple’s App Store in India, adhering to FIU mandates.

Cboe appeals to SEC for fast-tracking Bitcoin ETFs.

Following a misleading tweet about Bitcoin ETFs, Senators Vance and Tillis demand answers from the SEC regarding its cybersecurity measures.

Imminent SEC decision on Bitcoin ETFs could mark a watershed moment for crypto, spearheaded by industry giants BlackRock and VanEck, reshaping the investment world.

Upbit joins 15 other crypto firms permitted to provide digital payment token services in Singapore.

SEC Chair Gary Gensler cautions about cryptocurrency volatility, highlighting investor protection concerns, as his agency nears a decision on spot Bitcoin ETF applications.

The UK’s crypto hub dream is coming to life while some attendees of Apefest 2023 in Hong Kong complaint on severe eye pain post-event.

The proposed guidelines will work as a liquidity stress test for stablecoin issuers, according to the EBA.

Over 1,000 crypto firms will have to complete their applications by Nov. 17 to avoid regulatory consequences.

The joint study aims to create the infrastructure for issuing regulatory-compliant stablecoins for improved cross-border settlement.

The central bank expects to release the final set of regulations by 2025.

Bankman-Fried’s sentencing hearing is scheduled for March 28, 2024.

The registration enables PayPal to advertise its crypto services to U.K. customers.

Bankman-Fried trial nears end: defense claims good faith as prosecution alleges misuse of funds.

This marked Bankman-Fried’s fourth and final day of testimony before Wednesday’s closing arguments.

Prosecutors pointed out inconsistencies in Bankman-Fried’s public statements before FTX collapsed in a four-hour grilling.

The U.K. intends to introduce rules on fiat-backed stablecoins in early 2024, according to the government’s latest cryptocurrency policy update published on Monday.  See related article: Singapore, Thailand clarify crypto rules; NFTs become new cultural frontier Fast Facts See related article: Blockchain tech in Thailand gets boost from new pro-crypto lead

Taiwan’s new bill mandates crypto platform permits, addressing self-regulation gaps.