Kraken Launches EU Bank Acquisition Strategy
@Payward, parent company of crypto exchange Kraken, has agreed to acquire Lithuania’s Saldo Bank, gaining an EU banking license and expanding into traditional finance. #Update #Crypto $BTC $ETH
Regulation
Qivalis Launches MiCA-Compliant Euro Token
@Qivalis has received an e-money license from the Dutch central bank for its MiCA-compliant euro token, aiming to distribute through banks and exchanges while expanding its consortium to 37 European banks. #Update #Crypto $USDC
Coins.ph Faces Central Bank Regulatory Action
@Coins.ph faces regulatory action from the Philippines central bank following the exit of key compliance staff, impacting its operations without a specified timeline for resolution. #Update #Crypto
Crypto Bans 27 Exchanges Including Bitmart Kucoin
South Korea’s Financial Intelligence Unit has blocked 27 unregistered crypto exchanges, including @BitMart and @KuCoin, as stricter regulations prompt $110 billion in capital outflows. #Breaking #Legal $BTC
Curacao Scraps Portal After Hack
Curaçao Gaming Authority’s hacked licensing portal won’t return, missing its Oct. 9 update deadline; existing licenses remain valid. Legal
Bitcoin Surges Amid New SEC Ruling
CFTC proposes new rules for leveraged crypto trading; ESMA targets noncompliant stablecoins; EU advances crypto supervision; NY settles with Celsius co-founder. #Update #Regulation
Crypto Innovation Accelerates After Clarity’s Failure
@Temporal’s Cathy Yoon expresses hope that the SEC will differentiate software development from financial intermediaries, as comprehensive regulation looms in the crypto space. #Update #Legal $SOL
Bitcoin: Argentina Bans Crypto Banking Integration
Argentina’s central bank maintains its ban on crypto banking, citing economic fragility; stablecoin projects continue separately. Future deregulation possible in a second Milei term. #Update #Crypto
CFTC Approves Event Contracts as Swaps Regulations
The U.S. CFTC is moving to regulate event contracts under swaps rules, facing legal challenges from states claiming authority over sports betting; public input on the proposal is open for 30 days. #Update #Legal $USDT
Tether Investigation Links Cantor Fitzgerald and Senate
@SenBlumenthal probes @CantorFitzgerald over Tether’s U.S. asset management amid concerns of illicit finance and sanctions evasion; Democrats eye majority in Congress for potential regulatory power. #Update #Crypto $USDT
Bitcoin Drops 4% Nears One Month Low
@NFL challenges CFTC’s oversight of prediction markets, arguing it undermines state regulations and integrity of games. Ex-CFTC head Gary Gensler supports this stance. #Update #Legal $BTC
EU Regulator Bans Unauthorized Stablecoins in 3 Months
EU regulators mandate crypto firms to cease services for unauthorized stablecoins, allowing limited resolutions until Jan. 8, 2027. Platforms must follow national guidelines for client holdings. #Update #Crypto $USDT
USDC Redemptions Delayed as Reserves Stuck
@Circle may delay European USDC redemptions if reserves cannot transfer between its French and U.S. entities, impacting access to cash during stress events. #Update #Crypto $USDC
XRP Buying Power at Risk Amid SPAC Redemptions
@Evernorth could hold at least 473.3 million $XRP post-merger, but redemptions may limit buying capacity; a $30M note for potential XRP purchases remains contingent on closing. #Update #Crypto $XRP