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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Fri 6 Nov
Solana co-founder Anatoly Yakovenko says Democrats may turn on crypto
Solana co-founder Anatoly Yakovenko predicted that the Democratic Party may shift its focus to the crypto industry, arguing that nobody really wants to stop data centre construction.
Ukraine's central bank opposes current crypto bill, citing stability risks
The National Bank of Ukraine said it cannot support the draft virtual-asset bill, warning it could threaten monetary sovereignty, financial stability and competition. Deputy governor Oleksiy Shaban raised concerns after the final text arrived on the evening of 4 Nov, and the NBU called for transparent licensing rules and further revision by lawmakers.
China authorities halt Solana Shanghai event over unauthorised promotion, PBOC official says
Chinese authorities stopped a Solana event in Shanghai, citing suspected unauthorised promotion. A PBOC official said Solana promoted its brand through domestic entities, including advertising on a building in Lujiazui, and that its activities breach Chinese rules.
Previous related news
- PBOC says Solana Shanghai event stopped before opening, units to be probed
- Solana Foundation's Lily Liu says Shanghai event postponed after sign-ups quadrupled
- Solana Foundation delays morning programme at Accelerate Shanghai
IMPBank of Russia approves Bitcoin, ether and USDT for retail trading
The Bank of Russia has approved Bitcoin, ether, USDT and other cryptocurrencies for retail trading.
Previous related news
- Russia's central bank says P2P crypto trades must end by 1 July 2027
- Russia's Sberbank cleared to trade crypto, products due 1 December
- Sberbank joins Bank of Russia crypto register and will open trading on 1 December
Warren expected to chair Senate Banking Committee in January and may probe WLFI bank licence
Senator Elizabeth Warren is expected to chair the Senate Banking Committee in January once Democrats take control of Congress, an arrangement still to be settled in coming weeks. A person familiar said she may investigate the OCC's August approval of a bank licence for Trump-backed World Liberty Financial.
Former FBI agent pleads guilty over alleged $2.47m crypto theft
Former FBI agent Patrick Steven Yaroch pleaded guilty to wire fraud and money laundering over the alleged theft of about $2.47m in crypto using wallet credentials gathered in investigations. Prosecutors say he made about 100 fraudulent transfers across 35 investigations.
Russia's Investigative Committee proposes tighter crypto AML rules and transaction tracking
Russia's Investigative Committee proposed bringing crypto further into anti-money laundering rules and strengthening transaction tracking, TASS reported. It said authorities can trace crypto through a Federal Financial Monitoring Service system and had seized over $486m in corruption-related assets by 2026.
PBOC says domestic virtual currency traders and local arms of overseas platforms face scrutiny
A People's Bank of China department head said virtual currencies fail customer identification and anti-money laundering standards and fuel speculation. The PBOC will work with other departments and local governments to target domestic traders and the domestic affiliates of overseas issuance and trading platforms.
US Democrats to target Apple, Meta and Musk firms in probes
US Democrats plan to target Apple, Meta Platforms and companies linked to Elon Musk in investigations, market reports said. Lawmakers are expected to use congressional oversight after winning both chambers to examine the Trump family's business dealings and large corporations.
Previous related news
- Democrats plan deeper probe into Trump's crypto businesses
- Robert Garcia says 'lawyer up' as Fortune reports WLFI may face first Trump crypto probe
- Garcia says House panel to examine Trump family crypto dealings
Nigeria's central bank says virtual asset rules take effect on a later date
Nigeria's central bank has published a framework for non-securities virtual assets covering stablecoin issuance, exchange, custody, transfers and settlement. Foreign currency-pegged issuers must hold at least 15bn naira in paid-in capital and naira-pegged issuers 10bn naira, with an effective date to be set later.
Nigeria's central bank sets 15bn naira capital floor for foreign stablecoin issuers
The Central Bank of Nigeria's regulations for non-security virtual asset operations require foreign currency stablecoin issuers to hold at least 15bn naira in paid-in capital and P2P trades to verify BVN. The CBN will oversee non-security virtual assets and stablecoins used for payments, settlement and remittances, while the SEC keeps oversight of securities.
Hyperliquid Strategies subsidiary applies for FCM registration to bring perpetuals to US
Hyperliquid Strategies said a subsidiary has applied to become a futures commission merchant to bring Hyperliquid-based perpetual markets to the US, subject to regulatory approval. The subsidiary would handle US client accounts for permissioned markets under the HIP-3 framework; ICE announced a similar Hyperliquid deal with Trade[XYZ] on 29 Oct.
Previous related news
- Hyperliquid Strategies says subsidiary files with CFTC for FCM registration
- Hyperliquid's Jeff Yan says HIP-3 partners should handle US KYC
- Hyperliquid's Jeff Yan says US entry hinges on compliance of operating entity
Hong Kong sets up task force for crypto asset tax reporting from 2027
Hong Kong will start crypto asset reporting in 2027, covering Bitcoin, ether, Solana and other assets, and has formed a task force to support the framework. Deputy Secretary for Financial Services and the Treasury Chen Haolian said reporting service providers linked to Hong Kong must register with tax authorities and keep due diligence records.
Mastercard wins two US patents on crypto transfer risk and privacy
Mastercard was granted two US patents on 3 November, published on 6 November, for assessing money-laundering risk before a crypto transfer and for processing transfers privately among authorised nodes. The first analyses a recipient's past transactions and the sender's risk score after a transfer; the second uses a central system to verify balances and prevent double spending.
Singapore police say crypto exchange tie-up stopped $17.4m in scam losses
Singapore Police said a joint operation with crypto exchanges including Coinbase and OKX, using blockchain analysis and customer data, identified more than 383 scam victims and prevented $17.4m in losses, with intelligence shared with the FBI and other agencies.
Mirae Asset Securities executive Noh Yong-woo named DigitalX CEO
Mirae Asset Group has picked Noh Yong-woo, a vice president in Mirae Asset Securities' innovation promotion unit, as chief executive of DigitalX, formerly Korbit. His formal appointment is expected after South Korea's Financial Intelligence Unit reviews the virtual asset service provider's change filing and a shareholders' meeting and board approval follow.
Chainalysis seeks trusted IPs ahead of KYT and screening restart
Chainalysis says customers can email trusted IP addresses to support@chainalysis.com or contact their account team to be whitelisted. It plans to restore access to KYT and address screening from tomorrow, after which authorised users will reset passwords and rotate API keys.
California court grants tribes preliminary injunction against Kalshi sports contracts
Judge Jacqueline Scott Corley of the Northern District of California on 4 November granted California tribes a preliminary injunction barring Kalshi Inc. and KalshiEX from offering sports contracts on the plaintiffs' tribal land. Tribes must submit boundary maps by 13 November and Kalshi must report compliance steps within 21 days.
Previous related news
- California federal court bars Kalshi sports contracts on plaintiff tribe's land
- CME's Duffy says CFTC prediction-market reach may go to Supreme Court
- NFL tells US Supreme Court it opposes federal regulation of prediction markets
Stand With Crypto says pro-crypto camp won 228 House seats
Stand With Crypto, backed by Coinbase, said pro-crypto candidates won 228 House and 19 Senate seats in the US midterms, and Fairshake said it will keep backing pro-crypto candidates in 2028. Public Citizen data put crypto industry spending on political action committees at about $189m this cycle, up from $119m in 2024.
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