South Korean police say Binance froze only about 17% of funds tied to the Upbit hack, prompting renewed questions about how major exchanges handle cross‑border law enforcement requests. The disclosure has sparked debate over transparency and the effectiveness of emergency freeze mechanisms.
Gemini announced it has received Commodity Futures Trading Commission approval to operate prediction markets for U.S. customers, marking a regulatory milestone for event-based trading. The clearance could broaden retail access to structured betting on future events under federal oversight.
U.S. senators will meet with major bank CEOs this week as Congress prepares to vote in December on a bill to create a regulatory framework for digital assets. The discussions are intended to resolve outstanding issues and smooth a path toward final passage.
Seoul will extend the same no-fault compensation rules that apply to banks to cryptocurrency exchanges after the Upbit breach, citing gaps in consumer protection exposed by the attack.
Alchemy co‑founder Joe Lau says stablecoin use is surging as banks, fintechs and payment platforms move beyond an era dominated by USDT and USDC. The shift signals bigger institutional flows and new on‑ramp rails for fiat settlement.
Huione Pay announced a suspension of operations following a surge in withdrawals after new U.S. sanctions, amid allegations of money laundering and ties to crypto scams. The move raises immediate liquidity and custody concerns for users and counterparties.
Chicago-based Bitnomial has received CFTC approval to offer spot cryptocurrency products, positioning it as the first U.S. exchange regulated by the CFTC for spot trading. The development is a notable shift in U.S. crypto oversight and could open the door to more institutional participation.
KuCoin EU has obtained a MiCA license from Austria’s Financial Market Authority, authorizing it to operate in 29 EEA countries. Malta is explicitly excluded from the authorization.
Bolivia’s Economy Minister José Gabriel Espinoza announced the integration of stablecoins into the country’s banking system, part of a broader plan to modernize the national economy. The move would make Bolivia one of the first countries to embed crypto-based payment tools directly into traditional financial services.
The World Federation of Exchanges, including members Nasdaq and Deutsche Boerse, sent a Nov. 21 letter on the SEC site warning against letting crypto firms bypass long‑standing regulatory principles. The move signals major exchange resistance to any easing that could weaken investor protections.