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Regulation/Compliance

News linked to both this project and an event.

Binance Responds to Suspected Theft: Under Investigation, Impact on User Funds Not Yet Confirmed

A Binance spokesperson told Cointelegraph that it is investigating a potential security issue with an Ethereum wallet. The security team is reviewing related activities, and no impact on user funds has been confirmed at this time.

KuCoin Suspends Services for Russian and Belarusian Users, Provides Asset Withdrawal Process

Odaily reports: Cryptocurrency exchange KuCoin has announced the immediate suspension of all products and services for users in Russia and Belarus, citing legal and regulatory compliance considerations. KuCoin will provide an orderly exit process allowing users to withdraw their assets.On Thursday, the Bank of Russia approved the National Association of Securities Market Participants (NAUFOR) as a self-regulatory organization for cryptocurrency exchanges and custodians. The central bank's register currently lists 23 cryptocurrency exchanges and 8 digital asset custodians, and registered entities must join a self-regulatory organization within 90 days. (Cointelegraph)

French Senate Passes Bill on Automatic Exchange of Crypto Asset Tax Information

Odaily reports: The French Senate has passed a bill on first reading authorizing tax authorities to automatically exchange crypto asset transaction data with foreign counterpart agencies. The bill has subsequently been submitted to the National Assembly for review as Bill No. 3421 and still needs to complete the legislative process.The bill covers agreements on the exchange of crypto asset tax information and updates existing agreements on the exchange of financial account information. The crypto asset portion is based on the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development, which sets common standards for collecting and automatically exchanging crypto transaction information for participating jurisdictions.France has already implemented the EU's Eighth Amendment to the Administrative Cooperation Directive (DAC8) through its 2025 finance bill, requiring crypto service providers to report client identity and transaction data to tax authorities, which then share the information with the EU country where the user resides. French lawmakers are also discussing crypto tax adjustments in the 2027 budget. An amendment passed by the National Assembly on October 16 proposes taxing gains from conversions into specific fiat-pegged stablecoins starting January 1, 2027, but the measure has not yet become law. (Cointelegraph)

Bank of England Opens Consultation on Clearing Tokenized Collateral

the Bank of England (BoE) has opened a consultation on central counterparties (CCPs) accepting digital representations of eligible collateral, and stated that current rules already permit the use of such assets when they meet clearing standards. The proposed supervisory statement will clarify what CCPs need to address when submitting applications under the existing approval process, without creating new regulatory obligations.The Bank of England stated that tokenized collateral must remain capable of valuation, transfer, and liquidation under stress scenarios, and that faster cross-jurisdictional asset transfers could help firms meet margin requirements. The consultation will close on February 12, 2027, and the central bank expects to publish its policy response and related rules later this quarter. (Cointelegraph)

Brazilian crypto exchanges must submit license applications by Friday, with compliance costs and regulatory questions coexisting

Odaily reports: Brazilian crypto exchanges must submit license applications by Friday in order to continue operating during the regulatory review period; the review may last up to two years. Companies that fail to apply on time must cease providing services within 30 days starting Friday. From November 6, banks and payment institutions will also be restricted from conducting crypto transactions with unauthorized service providers.The Central Bank of Brazil (Banco Central do Brasil, BCB) introduced a crypto regulatory framework in November 2025, requiring service providers to verify the source and destination of crypto transfers, including transfers involving self-custody wallets. The rules also set a $100,000 cap on certain international crypto transfers where the counterparty is not authorized to operate in the Brazilian foreign exchange market, and exchanges still have questions about wallet identification, interpretation of the limits, and transaction reporting thresholds.Fabio Cendão, founding partner of Brazilian law firm FCM Law, said that applying is only the starting point of the process, and compliance also involves high capital requirements, technical certification, custody audits, and anti-money laundering controls. Depending on the services provided, minimum capital requirements range from 10.8 million to 37.2 million Brazilian reais; Cendão noted that the related costs may make it difficult for smaller exchanges to comply. (Cointelegraph)

Coinbase applies for Brazilian crypto service license, with existing services expected to remain uninterrupted during the review period.

According to Cointelegraph, Coinbase submitted an application for a crypto asset service provider license to the Central Bank of Brazil on October 28 to meet the local deadline of October 30. Coinbase stated that existing services do not need to be suspended while regulators review the application. Under relevant Brazilian regulations, existing service providers that file applications on time may continue operations during the approval period. Coinbase also plans to expand its foreign exchange and payment businesses in Brazil in the future, but such activities require separate regulatory authorization.

OKX Survey: More European Investors Choose Crypto as a Long-Term Wealth Tool Than Retirement Plans

Odaily reports: OKX conducted a survey of 1,932 adults who have invested in cryptocurrency, with respondents from the United States, France, Germany, the Netherlands, and Poland. Among European respondents, 19% view cryptocurrency as a long-term wealth accumulation tool, while 8% choose traditional retirement plans; real estate tops the list at 34%.Nearly half of European respondents expect to increase their cryptocurrency holdings, with 47% planning to add to their positions and 13% planning to significantly increase their holdings. Across all age groups, 51% expect to increase their crypto asset allocation; among baby boomers, 55% believe cryptocurrency is not important for generational wealth accumulation.Among U.S. respondents, 21% choose retirement accounts as a long-term wealth tool, while 12% choose cryptocurrency. Excluding baby boomers, 55% of U.S. respondents expect to increase their crypto asset allocation over the next five years, with 22% planning to significantly increase it. (Cointelegraph)

Coinbase applies for crypto services license in Brazil, says existing services need not be suspended

Odaily reports: Cryptocurrency exchange Coinbase has submitted an application to the Central Bank of Brazil for a crypto asset service provider operating license, filing ahead of the country's October 30 application deadline. Coinbase stated that it does not expect to suspend existing services while regulators review the application, and that the filing is intended to meet Brazil's new regulatory requirements and maintain local business operations.Brazil's new rules cover governance, client asset protection, and compliance requirements. Coinbase also reiterated plans to advance its "Everything Exchange" strategy in Brazil, potentially expanding beyond crypto services into foreign exchange and payments in the future, which would require separate regulatory approval. (Cointelegraph)

Singapore Ledger Hardware Wallets Tampered, Users Lose Approximately $2.7 Million

Odaily reports: Singapore police stated that at least two cases involving tampered Ledger hardware wallets have been reported since September 10, with combined losses of approximately S$3.5 million, equivalent to about $2.7 million. Preliminary investigations found that some Ledger wallets purchased at retail stores in Singapore contained malicious hardware components.Singapore police are in contact with Ledger, which is reviewing the affected cases, and the police investigation is ongoing. On October 13, Ledger asked retailers in Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia, and Hong Kong to suspend sales of its devices. (Cointelegraph)

Gate Money connects banks and payment networks, with compliant arrangements across multiple jurisdictions supporting service delivery

Odaily reports: Gate Money connects account payments, asset exchange, and everyday spending, with its services underpinned by collaboration among international banks, payment institutions, custody providers, and clearing institutions. Eligible users can use bank accounts in their own name to manage fiat funds by currency, process deposits and withdrawals, and send and receive digital assets through supported blockchain networks. The availability of each feature depends on local regulatory requirements, the service capabilities of partner institutions, and user eligibility.On the compliance front, Gate has obtained a MiCA license and a Payment Institution (PI) license in the EU, its Dubai entity has obtained a VARA license, and its Australian entity has completed AUSTRAC registration as a digital currency exchange provider, with these qualifications applying to the respective entities and approved business activities. Gate US holds 37 state-level Money Transmitter Licenses (MTLs), covering 47 U.S. states and territories. On asset transparency, Gate's latest proof of reserves shows that the platform's total reserve size has risen to USD 8.688 billion, with an overall reserve coverage ratio of 118.49%; BTC reserves reached 25,727, with a reserve ratio of 121.60%; ETH reserves stood at 449,042, with a reserve ratio of 123.78%. Collaboration with financial institutions, compliance qualifications, and verifiable reserves together form the foundation of Gate Money's services, supporting the platform in meeting fund payment and asset management needs beyond trading. (Cointelegraph)

Robinhood CEO: Regulatory uncertainty over U.S. tokenization may hinder large-asset entry

According to Cointelegraph, Robinhood CEO Vlad Tenev stated during the third-quarter earnings call that the U.S. Securities and Exchange Commission's (SEC) tokenization innovation exemption is a positive development, but further rulemaking or legislation is still needed to provide long-term regulatory certainty for tokenized stock markets, otherwise it could hinder the entry of large-scale assets.

Robinhood CEO Says US Tokenized Market Needs Long-Term Regulatory Rules

Odaily reports: Vlad Tenev, CEO of fintech company Robinhood, said the US tokenized market needs more durable regulatory rules. On the company's third-quarter earnings call, he stated that the US Securities and Exchange Commission (SEC)'s innovation exemption is a positive step, but uncertainty in regulatory rules could deter investors from committing substantial assets to the tokenized market.Tenev said that establishing further rules or passing legislation would help provide long-term regulatory certainty. Robinhood plans to launch tokenized private company equity products overseas; in the US, the company is seeking a compliant path that fits within existing investor accreditation restrictions.Robinhood currently offers about 200 tokenized equities, backed by underlying shares, but the products are structured as tokenized debt securities and do not carry the same shareholder rights as traditional stocks, and therefore do not meet the SEC's innovation exemption requirements. In the third quarter, the company's crypto revenue fell 55% year-over-year to $120 million, while crypto notional trading volume dropped 38% to $50 billion. (Cointelegraph)

CFTC Sues Utah to Block Its Restrictions on Prediction Markets

Odaily reports: The Commodity Futures Trading Commission (CFTC) has filed a lawsuit in the U.S. District Court for the District of Utah seeking to block Utah from taking action against prediction markets. A week earlier, Utah officials sued prediction market platform Kalshi and its affiliates, seeking to recover up to $60 million in profits allegedly obtained illegally through event contracts.The CFTC stated that Utah is attempting to circumvent congressional intent and restrict the operations of exchanges registered by the agency. The complaint notes that the relevant event contracts qualify as swaps under the federal Commodity Exchange Act, and exchanges offering trading in such contracts are subject to CFTC regulation; Utah's actions infringe on federal regulatory authority over commodity derivatives markets.This lawsuit is yet another dispute between federal and state governments over jurisdiction concerning prediction markets. New Jersey officials in September of last year asked the U.S. Supreme Court to hear their case against Kalshi, and similar lawsuits have been filed in Michigan, Ohio, and other states; as of Tuesday, the Supreme Court had not announced whether it would accept the case. (Cointelegraph)

USDC's share of euro stablecoin trading rises to 56%, surpassing USDT

Odaily reports: Data from crypto market data firm Kaiko shows that USDC now accounts for 56% of euro stablecoin trading volume, up from 10% in January 2024, and has surpassed USDT. The shift in market share accelerated after multiple exchanges in the European Economic Area restricted USDT trading in accordance with the Markets in Crypto-Assets Regulation (MiCA).USDC's liquidity in euro-denominated trading has also surpassed USDT, with its order book depth approximately 40% higher. However, USDT remains the larger stablecoin globally, with a circulating supply about 2.5 times that of USDC.About two weeks ago, the European Banking Authority (EBA) designated USDC as the EU's first "significant e-money token" under the MiCA framework and placed it under direct supervision. Kaiko also noted that the U.S. GENIUS Act could drive similar trading shifts on U.S. platforms; Tether, meanwhile, has launched USAT, a stablecoin aimed at the U.S. market. (Cointelegraph)

币安在巴西截止日期前提交加密服务牌照申请,并下架 22 种资产

据 Cointelegraph 报道,币安已通过其巴西本地实体 BBrasil,于 10月 23 日向巴西央行提交加密资产服务提供商牌照申请。巴西要求现有加密服务提供商在 10月 30 日前提交授权申请,才能在过渡安排下继续运营。提交申请不等于获得监管批准。币安表示,此次申请旨在让巴西用户继续使用加密资产、稳定币交易、支付及投资服务。 为遵守现行规定,币安自周二起限制巴西用户使用加密借贷、保证金交易等服务,并下架 22 种加密资产。币安巴西总经理 Thiago Sarandy 表示,希望通过与央行的持续沟通,在不久的将来恢复部分已停止的产品。

Binance Applies for Brazilian Crypto License, Will Delist 22 Local Crypto Assets

Cryptocurrency exchange Binance has submitted a crypto service provider license application to the Central Bank of Brazil through its local entity BBrasil in order to maintain local operations before the regulatory deadline. The application was submitted on October 23. Brazil requires existing crypto service providers to apply for authorization by October 30. An application does not mean regulatory approval has been granted.Binance announced that starting Tuesday it will adjust services for Brazilian users, restricting services such as crypto lending and margin trading, and delisting 22 local crypto assets. Thiago Sarandy, General Manager of Binance Brazil, said the company hopes to maintain ongoing dialogue with the Central Bank of Brazil so that it can in the future restore some products that were suspended in order to comply with current regulations. (Cointelegraph)

OCC Encourages Community Banks to Apply to Become Payment Stablecoin Issuers

Odaily reports: The U.S. Office of the Comptroller of the Currency (OCC) is encouraging community banks to develop payment stablecoin businesses and to consider applying to become approved payment stablecoin issuers. Last week, the OCC finalized rules related to the GENIUS Act, which will take effect in January next year.The initiative comes as several banking groups oppose the OCC's proposed rules on stablecoin yields, arguing that they deviate from the congressional legislative intent of the GENIUS Act. Earlier this month, the Independent Community Bankers of America sued the OCC, alleging that crypto companies are not subject to the same regulatory requirements and therefore have an advantage over community banks. (Cointelegraph)

IRS Proposes Lowering Crypto Tax Voluntary Disclosure Penalties, Aims to Resolve Cases Within 120 Days

Odaily Report: The U.S. Internal Revenue Service (IRS) plans to adjust its voluntary disclosure program before December, reducing tax violation penalties and speeding up processing, with a goal of resolving cases within 120 days after taxpayers complete required filings. The adjustment plan does not establish a dedicated process for crypto assets; related matters will follow existing voluntary disclosure procedures. The IRS is also considering installment payment and compromise settlement options, and specific penalty amounts have not yet been announced.Jarod Koopman, head of the IRS Criminal Investigation division, said the current process can take a year or longer and is mainly aimed at taxpayers who intentionally violate tax law and may face criminal prosecution, not those with unintentional filing errors.A separate voluntary disclosure proposal for crypto asset taxpayers is under review, covering unintentional filing errors. Section 502 of the proposed Digital Asset Tax Certainty Act would establish a violation correction procedure and specify penalties; the bill passed the House Ways and Means Committee in September. (Cointelegraph)

Bitcoin Core Updates Vulnerability Disclosure Policy, Easily Discoverable Vulnerabilities Will Be Fixed Promptly and Announced Simultaneously

According to Cointelegraph, Bitcoin Core developer Antoine Poinsot stated on Thursday on the bitcoin-dev mailing list that large language models (LLMs) have made certain software vulnerabilities extremely easy to rediscover. Maintaining long-term secrecy is already of limited value and instead delays the release of patched versions, prompting the team to update its vulnerability disclosure policy. The new policy dictates that "easily discoverable" vulnerabilities, which can be identified with minimal cost such as through simple LLM prompts, will be patched as soon as possible across all supported major versions, alongside the simultaneous release of security advisories. Other vulnerabilities will continue to be disclosed based on severity: low-severity vulnerabilities will be disclosed two weeks after the release of the major version containing the fix; medium-to-high-severity vulnerabilities will be disclosed two weeks after the end-of-life (EOL) of the last affected version, typically around one year after the patch release; critical vulnerabilities will be handled through a dedicated process.

Bitcoin Core Adjusts Security Vulnerability Disclosure Policy, Vulnerabilities Easily Found by AI to Be Fixed Promptly

Bitcoin Core has adjusted its security vulnerability disclosure policy, defining easily discoverable vulnerabilities as those that can be found through simple large language model prompts, and will release fixes as soon as possible across all major versions still under maintenance, while publishing security advisories.Bitcoin Core developer Antoine Poinsot stated that in the past, vulnerabilities were typically kept confidential during a longer disclosure embargo period to allow users to upgrade, but large language models have lowered the threshold for rediscovering certain vulnerabilities, limiting the protective value of delayed fixes.Low-severity vulnerabilities will be disclosed two weeks after the major version containing the fix is released; medium- and high-severity vulnerabilities will be disclosed two weeks after the affected version reaches end of life, typically about one year after the fix enters a new version. Critical vulnerabilities are not subject to the standard policy and will be handled through ad hoc procedures.In August, the volunteer organization Bitcoin Red Team reported nearly 5,000 potential issues across 390 projects, with about one-fifth having been reproduced at the time. Core Lightning developers that same month asked node operators to upgrade or take nodes offline, and delayed disclosure of technical details for two weeks. (Cointelegraph)