Category: crypto

President Donald Trump has 10 days to decide whether to sign the 21st Century ROAD to Housing Act, which includes a ban on the U.S. Federal Reserve creating a central bank digital currency (CBDC) until 2030. Trump’s delay in signing the bill is linked to his push for the SAVE America Act, causing frustration among…

The U.K. Financial Conduct Authority has set a deadline of February 2027 for crypto firms to obtain FCA authorization to continue operating in the UK under the new regulatory regime starting on October 25, 2027. Existing anti-money laundering registrations will not transfer, and stablecoin rules have been softened based on industry feedback. The new rules…

The U.S. Securities and Exchange Commission has obtained a final default judgment against NanoBit Limited and related defendants, ordering them to pay over $5.5 million for an alleged investor fraud scheme involving WhatsApp. The case highlights ongoing fraud enforcement in the crypto space despite evolving regulatory standards.

Germany and France are leading in the European Union’s new crypto licensing system as the MiCA deadline approaches. They hold over one-third of the 244 issued licenses. Unlicensed firms must stop EU services after July 1. Users may face fewer assets and liquidity as platforms adapt to MiCA rules.

Securitize is set to start trading on the NYSE on July 2 after receiving approval from Cantor Equity Partners II shareholders for their business combination. The merger is expected to bring in around $400 million before expenses. Securitize provides infrastructure for tokenized funds and securities, attracting attention from large financial firms.

ARK Invest purchased more shares of Coinbase, Circle Internet Group, Bullish, and Robinhood on Monday as crypto-related stocks rose. Coinbase and Circle led the buying, with ARK buying a total of nearly $16.9 million in shares. Circle also expanded its partnership with BNY to offer USDC on its Digital Asset Custody platform.

KuCoin is under scrutiny for allegedly sending legal warnings to a victim whose stolen funds were connected to the exchange. The case involves a $250,000 theft, with allegations of KuCoin deposit addresses being involved in the routing of the stolen funds. This adds to previous compliance concerns with KuCoin.

Binance spends $300 million yearly on compliance, with a focus on user protection. The exchange intercepted $10.53 billion in potential fraud and recovered over $8.2 billion in user assets since 2021. It has supported over 313,000 law enforcement requests. Binance aims to strengthen compliance following past violations and faces regulatory scrutiny.

Bybit will limit services for users in the European Economic Area to comply with MiCA regulations. Users will receive notices and retain custody access to manage existing balances and positions. Bybit EU’s Austrian authorization allows regulated access for most European users. The changes are in line with the upcoming MiCA enforcement deadline on July 1,…

Chinese billionaire Miles Guo has been sentenced to 30 years in a U.S. prison for a fraud scheme that stole over $1 billion from investors, including through cryptocurrency ventures. Guo was also ordered to forfeit $889 million. The sentencing reflects tighter enforcement against financial crimes involving cryptocurrencies in the U.S. and China.