NewsFeeds: Regulation
Crypto regulation news: SEC and CFTC actions, new laws and court rulings worldwide, rewritten by AI in our own words, credited and linked.
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Mon 2 Nov
FATF urges countries to curb crypto transactions linked to Iran
The Financial Action Task Force has again called on countries to restrict cryptocurrency transactions involving Iran, citing terrorist-financing risks, and kept Iran designated a high-risk jurisdiction. It also voiced concern at Vietnam's slow progress on anti-money laundering rules for virtual asset service providers, warning of follow-up measures if clear progress is not shown by February 2027.
Lee Kang-il says government will submit Digital Asset Basic Act in November
Lee Kang-il says the government will submit its Digital Asset Basic Act in November and will push for it to be passed in December.
Previous related news
- Park Min-kyu calls for virtual-asset tax delay and swift passage of Digital Asset Framework Act
- Bae Jun-young presses Democratic Party to settle crypto tax delay before 2 Nov review
- South Korea's crypto tax plan divides opinion as debate pits legislation against further delays
DigitalX CEO Oh Se-jin signals resignation ahead of Mirae Asset reshuffle
Oh Se-jin, CEO of the crypto exchange DigitalX, formerly Korbit and now owned by Mirae Asset Group, has signalled his intention to resign for personal reasons, setting up a wider management reshuffle. Oh joined Korbit in 2019, became CEO in January 2020 and had a term running to the end of 2028.
Julia Leung says Hong Kong SFC plans cyber security framework for licensees
Hong Kong SFC chief executive Julia Leung said at Hong Kong FinTech Week 2026 that the regulator plans a cyber security framework for licensed institutions, with higher requirements for riskier firms to counter AI-driven threats. She said Hong Kong institutions lead in tokenisation, which needs real economic benefits to scale.
Yi Lihua says Binance profit can cover hack losses
Liquid Capital founder Yi Lihua said Binance's earnings are enough to cover the losses from the recent hack, with asset safety and liquidity intact, unlike the FTX collapse. He said exchanges must show users a detailed security plan and stop repeat breaches.
Madagascar extradites 148 Chinese nationals over suspected crypto fraud
Madagascar's Ministry of Justice said 148 Chinese nationals suspected of romance, cryptocurrency and fake investment fraud have been extradited to China. Raids in August and September dismantled 13 scam compounds, seizing crypto worth $52m and over 3,200 devices.
South Korea's FSC calls emergency meeting with crypto exchanges after Binance hack
South Korea's Financial Services Commission convened an emergency meeting with crypto exchanges following the Binance hack, and is looking at requiring higher cold-wallet holdings.
Previous related news
- Binance processes $4.65bn of withdrawals after resuming service following $6.3bn hack
- SomaXBT says Binance attacker laundered about $242m via Tron in two days
- Binance says withdrawal levels stabilising at normal, expected on-chain activity
South Korea's Jeong Tae-ho proposes one-year review of all listed digital assets
South Korean lawmaker Jeong Tae-ho has proposed a bill that would require all listed digital assets to be reassessed within one year.
Bank of Korea asks banks and securities firms about virtual asset plans
The Bank of Korea has begun monitoring the virtual asset market, asking banks and securities firms for the progress of their related businesses and their assessments of the risks involved.
Sun 1 Nov
Lummis says $6.3bn in crypto stolen this week, backs CLARITY intelligence pilot
Cynthia Lummis says hackers stole $6.3bn in crypto assets this week and moved them across blockchains within minutes. She says the CLARITY Act would set up a pilot for crypto firms to share intelligence directly with federal law enforcement.
OKXICE objections grow to 50 as Nvidia and Walmart join
OKXICE TSV, the tokenised securities platform run by OKX and Intercontinental Exchange, said 50 issuers have now objected to tokenised trading of their shares, up from 33 on 27 Oct, with Nvidia and Walmart among the new ones.
Previous related news
- 50 issuers oppose ICE tokenised-stock plan, including Nike and Nvidia
- Nasdaq declines comment on claims it discouraged tokenised shares via OKXICE
- Nasdaq says listed firms should oppose tokenised trading on OKXICE, journalist says
Yi He says Binance community rewards await regulatory approval
Binance co-founder Yi He said the exchange's community reward campaign requires regulatory approval and will go live only after regulators review and approve it once they are back at work tomorrow. She said no cash voucher campaign exists yet and urged users to watch for phishing and scam links.
China's Communist Party says it will target corruption using crypto and blockchain
The Communist Party of China's Central Committee said it will resolutely crack down on corruption carried out through the internet, virtual currencies, cross-border funds and blockchain, in a decision on advancing full and rigorous party governance.
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