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.
Franklin Templeton has launched a new XRP ETF, intensifying competition among major asset managers while BlackRock remains off the field. The move signals growing institutional appetite for XRP amid evolving regulatory clarity.
Japan's Financial Services Agency plans to force cryptocurrency exchanges to hold dedicated reserves for hack losses as it seeks to restore trust after a decade of security failures, from Mt. Gox to the DMM Bitcoin breach. The move tightens capital rules and shifts more liability onto platforms.
The European Commission has proposed expanding ESMA's authority over crypto exchanges to strengthen security and regulatory enforcement across the EU, a move that has prompted industry concern over centralization and compliance costs.