Japan's financial watchdog has flagged crypto exchange KuCoin for offering over-the-counter (OTC) crypto derivatives without the required registration. The action follows prior scrutiny over the platform providing products and services in Japan without proper authorization.
Binance has launched bespoke private-client services targeting ultra-wealthy investors and family offices, offering tailored OTC, custody and lending solutions. The push aims to draw institutional-sized flows while likely increasing regulatory and compliance scrutiny.