Huione Pay Halts Operations After Withdrawal Surge, Cites U.S. Sanctions

OKX and HashKey are backing a new Vietnamese crypto exchange to help it meet the government's $380 million capital requirement for a pilot licensing program. The move aims to bring trading onshore and accelerate regulatory approval for domestic platforms.

The Financial Times reports Iran is considering accepting cryptocurrency and other digital payment methods as transit fees from fully loaded oil tankers passing through the Strait of Hormuz. The move could shift how energy transit payments are processed and raise regulatory concerns.

EDX Markets’ bid for a federal trust bank charter, backed by Citadel and Fidelity, aims to move crypto custody and settlement into the U.S. regulated banking system. The effort is a high-stakes test of whether Wall Street can internalize core crypto infrastructure under federal oversight.

A draft law in Russia would effectively bar citizens from trading or transferring cryptocurrency abroad even as it 'legalizes' digital assets; the bill is expected to reach the State Duma within days.

A US lawmaker grilled officials at the Federal Reserve Bank of Kansas City after Kraken’s Wyoming-chartered banking arm became the first crypto-native firm to receive a Fed master account in March. The questioning centered on the approval process, transparency and potential risks to financial stability.