Austria’s financial regulator has ordered KuCoin EU to stop onboarding new EU users and to appoint both primary and deputy AML and sanctions compliance officers. The directive cites compliance lapses and requires strengthened governance for anti-money-laundering and sanctions controls.
Japan’s Financial Services Agency unveiled a draft policy pushing mandatory, exchange-wide cybersecurity standards for crypto trading platforms, signaling a regulatory shift from asset-level protections to comprehensive defenses. The move aims to curb increasingly sophisticated attacks and bolster market trust.
Gemini will cut up to 200 jobs and withdraw from Europe and Australia, concentrating operations in the U.S. and Singapore as part of a cost-cutting plan.
South Korea’s Fair Trade Commission carried out an on-site investigation at Bithumb’s headquarters to examine advertisements and promotional materials tied to liquidity claims. The probe looks at whether marketing misled consumers about order-book depth and trade execution conditions.
South Korea has tightened licensing rules for crypto exchanges, giving regulators broader discretion to scrutinize major shareholders, financial stability risks, and internal controls. The move narrows market access and raises compliance expectations for platforms and investors.
Bitpanda has added stocks and ETFs to its platform as part of a broader push to become a universal exchange. Research firms say the move fuels an emerging race among crypto platforms to build the first all-in-one financial "super app."
Binance Australia has reinstated direct U.S. dollar deposit and withdrawal services and real-time bank transfers, ending a disruption that lasted more than two years. The move restores fiat rails for local users and may boost trading convenience and liquidity.
The US Senate released a draft crypto bill that assigns regulatory responsibilities, creates an ancillary asset classification, and sets minimum standards for exchanges. The proposal aims to reduce legal uncertainty and introduce clearer oversight for digital-asset markets.
South Korea’s Digital Asset Exchange Alliance (DAXA) has firmly rejected the Financial Services Commission’s proposal to limit how much crypto users can hold on local exchanges. The move escalates tensions between regulators aiming to curb risk and an industry warning of unintended consequences.
Coinbase warned lawmakers it may withdraw backing for a major digital asset bill if added restrictions limit its ability to pay interest on customers' stablecoins. The move heightens tensions between exchanges and regulators over how interest-bearing crypto products should be treated.