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Regulation Page 3
KuCoin Ends All Services in Russia and Belarus, Effective Immediately
KuCoin has ended all products and services for customers in Russia and Belarus, effective immediately. It is the third major exchange this month to restrict the region, after MEXC and Bitget. It names no specific law and sets no single withdrawal deadline.
RegulationBlockchain Academics Newsroom
US Treasury Sanctions 11 Over North Korean IT Worker Crypto Laundering
OFAC designated 10 individuals and one entity tied to North Korean IT worker schemes. The list includes two Russians who allegedly converted millions in crypto. Chainalysis traced deposits to mainstream and sanctioned exchanges, including Garantex.
RegulationHadi Ghadban
Kalshi Closes $1B Series G at $40B Valuation, Up 82% Since May
Kalshi closed a $1 billion Series G at a $40 billion valuation, up nearly 82% since May. The cash funds stock perps, leveraged event contracts and AI compute markets as Utah and the CFTC fight over jurisdiction.
RegulationIbrahim Rajab
HTX Settles FCA Lawsuit, Agrees to Halt Unlawful UK Crypto Promotions
Huobi Global, the company behind HTX, promised the High Court it would not knowingly run illegal UK crypto promotions until 2031. Terms are confidential and no liability was admitted; reports differ on whether HTX is fully exiting the UK.
RegulationHadi Ghadban
Utah Files 14 Criminal Charges Against Kalshi and Its Two Founders
Utah filed 14 criminal charges against Kalshi and its two founders on October 28, built on 12 undercover sports wagers totaling $114.87. The case lands a week after Utah's civil suit and a day after the CFTC sued the state over jurisdiction.
RegulationAlejandro Silva Ramírez
Thailand Supreme Court Rules Bitcoin Is Property in Robbery Case
Thailand's Supreme Court has ruled that Bitcoin qualifies as property under criminal law, rejecting a defendant's claim that it has no intrinsic value and upholding a 10-year sentence for a 2022 Koh Samui robbery.
RegulationBlockchain Academics Newsroom
Polymarket Probes Dozens of Midterm Bets, Refers Two Cases to CFTC
Polymarket's investigations chief Shana Bautista told NPR the platform has probed dozens of midterm election bets, with at least two cases referred to the CFTC, as its surveillance system flags hundreds of alerts a day ahead of the Nov. 3 vote.
RegulationHadi Ghadban
Binance Files for Brazil Crypto License, Delists 22 Tokens for Local Users
Binance filed for a virtual asset service provider license with the Central Bank of Brazil on Oct. 23, a week before the deadline. Brazilian users lost 22 tokens and eight products, including loans and margin trading, on Oct. 27. The license is still pending.
RegulationHadi Ghadban
Hyperliquid Plans Payward as First HIP-3 Deployer Regulated by the CFTC
Hyperliquid intends to make Kraken parent Payward the first CFTC-regulated deployer on HIP-3, with Bitnomial deploying and NinjaTrader Clearing carrying accounts. Permissioned allowlists are live on testnet; approval, KYC design and launch timing remain open.
RegulationHadi Ghadban
Canada Opens 60 Day Stablecoin Consultation, Keeps Ban on Yield
Draft regulations under Canada's Stablecoin Act would require non-bank issuers to register with the Bank of Canada, hold reserves equal to tokens and redeem at par within three business days, while barring yield. The 60-day consultation closes December 23.
RegulationHadi Ghadban
Bank of Korea to Amend Forex Law to Regulate Stablecoins as Payments
South Korea's government and the Bank of Korea plan a forex law revision this year that would regulate stablecoins as payment instruments, alongside a central bank monitoring framework for virtual assets, while the broader Digital Asset Basic Act remains pending.
RegulationBlockchain Academics Newsroom
Argentine Court Dismisses Libra Case Against Milei and 10 Others
Argentina's Federal Court No. 8 dismissed criminal charges against President Javier Milei, his sister Karina and nine others over the Libra meme coin, ruling that losses of nearly $110 million for 40,000 investors did not by themselves prove fraud.
RegulationAlejandro Silva Ramírez
Colombia Arrests Eight Over Crypto Laundering of Drug Money for US Cases
Colombia's Attorney General says eight people were captured for extradition to the US in two actions targeting alleged crypto laundering of drug cartel money, including a group charged in Puerto Rico and a suspect indicted in New York over $42 million in transactions.
RegulationBlockchain Academics NewsroomCircle Shareholder Sues Trump and World Liberty Over Deals Tied to UAE
Former Circle engineer J. Benjamin Greenberg filed a derivative suit against Trump, World Liberty Financial and Steve Witkoff, alleging UAE-linked deals violated the Foreign Emoluments Clause and steered stablecoin business from USDC to USD1. Circle says it did not authorize the filing.
RegulationBlockchain Academics Newsroom
New York AG Seeks $1.37B From NovaTech Founders After Default Judgment
New York's attorney general is seeking $1.367 billion in disgorgement and interest from NovaTech's founders, who allegedly fled the country. Investors deposited $1.16 billion, but only $26 million reached trading. Four promoters settled for nearly $6 million.
RegulationHadi Ghadban
Pentagon Bars Personnel From Trading on Nonpublic Data on Polymarket, Kalshi
Defense Secretary Pete Hegseth's October 20 memo bars military and civilian DoD personnel from using nonpublic information to trade on prediction markets, following the Van Dyke Polymarket case tied to the Maduro operation.
RegulationHadi Ghadban
Blumenthal Demands Tether Records on Payments to Bo Hines Firm Nxum
Sen. Richard Blumenthal sent letters to Tether and Nxum Group, the firm co-founded by Bo Hines, seeking payment records, crypto wallet addresses and lobbying communications by Nov. 3 over reported payments made while Hines was a White House crypto adviser.
RegulationAlejandro Silva Ramírez
Blockchain Association Asks Congress for Crypto Tax Overhaul, Names No Bill
The Blockchain Association's letter to Thune, Schumer, Johnson and Jeffries seeks a de minimis exemption, staking taxed at sale and narrower broker reporting. It names no bill, and Congress is in recess until after the November 3 midterms.
RegulationAlejandro Silva Ramírez
Central Bank of Ireland Fines Coinbase Ireland €3.25M Over Safeguarding
The Central Bank of Ireland fined Coinbase Ireland €3.25 million for commingling customer funds and poorly overseen outsourcing to its US parent, leaving safeguarding shortfalls as high as €5.2 million in 2024. The sanction needs High Court confirmation.
RegulationAlejandro Silva Ramírez
France Proposes Liability for Crypto Platforms That Offer DeFi Access
France's Treasury, AMF, central bank and ACPR propose that crypto platforms vet DeFi protocols and face liability for certain client incidents, as part of a wider set of suggested MiCA changes covering supervision and stablecoins.
RegulationBlockchain Academics NewsroomTrump Skips the Word Crypto at White House Cybercrime Roundtable
At a White House cybercrime roundtable billed as a push against foreign crypto scams, Trump and Attorney General Todd Blanche never said "cryptocurrency," even as Trump faces scrutiny over his family's crypto ventures.
RegulationHadi Ghadban
UK FCA Opens Consultation on DeFi Guidance GC26/7, Closes November 18
The UK Financial Conduct Authority published GC26/7, draft non-Handbook guidance on how firms using or offering access to DeFi protocols meet existing obligations, alongside CP26/36 on perimeter exclusions. Both close November 18, 2026; final guidance is due January 2027.
RegulationHadi Ghadban
Stand With Crypto Logs 10,092 UK Complaints Over Blocked Crypto Transfers
A Stand With Crypto UK report counts 10,092 complaints over blocked or capped bank transfers to FCA-registered crypto exchanges in 90 days. Lloyds, Barclays and NatWest account for about half, and Lloyds has no published restriction policy.
RegulationAlejandro Silva Ramírez
OCC Finalizes First GENIUS Act Stablecoin Rule, Effective Jan. 18
The OCC is the first regulator to finalize its GENIUS Act stablecoin rule, effective Jan. 18, 2027. It drops a proposed presumption on third-party rewards, will review programs case by case and gives existing rewards no safe harbor.
RegulationHadi Ghadban