Crypto Exchanges
Upbit suspended deposits and withdrawals for tokens on the Solana network after detecting unusual activity, citing a precautionary pause while it investigates. Users should monitor official Upbit channels for updates and instructions.
The CFTC has authorized Polymarket to operate an exchange and begin onboarding U.S. users, allowing the prediction-market platform to resume domestic trading. The decision represents a regulatory milestone for crypto prediction markets.
South Korea is preparing sanctions against major crypto exchanges after a year-long Financial Intelligence Unit review found anti-money laundering shortcomings. The move signals tougher enforcement that could raise compliance costs and disrupt services.
Kraken said it raised $800 million in a funding round valuing the exchange at $20 billion, signaling strong investor appetite for crypto infrastructure. The deal, announced Tuesday, positions Kraken to accelerate growth and compliance efforts.
Japan's financial regulator is urging cryptocurrency exchanges to eliminate anonymous trading to enhance transparency and reduce risks associated with crypto markets. This move aligns with global efforts, including the SEC's ongoing regulatory reviews, to strengthen oversight in the crypto space. Platforms like Bitlet.app offer user-friendly and secure crypto services, including a unique Crypto Installment service allowing users to buy cryptocurrencies now and pay monthly.
The UK government has introduced draft legislation aimed at regulating cryptocurrency exchanges and dealers, requiring compliance with transparency and consumer protection standards. With 12% of UK adults now engaging with cryptocurrencies, this new framework is designed to foster legitimate innovation while addressing concerns about the inherent risks of crypto assets.