Turkey’s parliament passed a crypto bill imposing fines up to $182,600 and jail terms for violations. Crypto exchanges must obtain licenses and ensure fund transfers are traceable. The bill awaits President Erdoğan’s approval. #CryptoRegulation
Ukraine unveils a White Paper on AI regulation, aligning with EU AI Act principles. A 2-3 year preparatory phase will establish a regulatory “sandbox” and industry-specific guidelines. This move aims to protect citizen rights and boost competitiveness. #AIRegulation #Update
? Sui partners with @CopperHQ to enhance custody infrastructure for stablecoins and RWAs on its L1 blockchain. This includes new staking and DeFi features, despite $SUI dropping 2.82% to $0.856. #Update #BlockchainNews
Kraken disclosed a critical bug allowing researchers to withdraw nearly $3M, sparking a dispute with CertiK. Kraken’s CSO accused CertiK of excessive withdrawals, while CertiK claimed large tests were vital to assess vulnerabilities. #CryptoSecurity
Ripple President Monica Long highlights the district court’s decision that $XRP is not a security, allowing @Ripple to expand its use cases. Ripple introduces RLUSD stablecoin and partners with Archax for asset tokenization. #CryptoNews
21Shares partners with @ZodiaCustody for crypto custody services in Switzerland and Europe, addressing rising ETP demand. Zodia Custody, backed by $44M investment, enhances security and reliability for crypto investments. #CryptoNews #Update
Carole House, architect of Biden’s 2022 crypto executive order, rejoined the National Security Council as a special adviser. Her return signals a balanced approach to digital assets, focusing on market integrity and consumer protection. #Crypto #Update
Kanav Kariya, President of @JumpCrypto, resigns amid a CFTC investigation into Jump Trading. Kariya led the firm through major challenges, including a $325M hack and FTX losses, and contributed to projects like Wormhole and Pyth. #CryptoNews
The Nigerian SEC mandates Virtual Asset Service Providers to update applications within 30 days to comply with new digital asset rules, part of broader regulatory changes to strengthen Nigeria’s cryptocurrency market. #CryptoRegulation
Ukraine’s Ministry of Digital Transformation reports major advancements in #cryptocurrency, with 80+ projects and $1B funding in 5 years. New AI service “Mriya” to create personalized learning paths. Ukraine ranks top 5 globally in digital asset use. #Update
Whales have amassed 130M $XRP as the Ripple lawsuit moves to a magistrate judge, signaling optimism. Key addresses added millions of XRP, reflecting confidence. Despite this, XRP’s price remains stable at $0.4873. #Update
The U.S. CFTC investigates Jump Trading’s crypto activities after their May 2023 sector exit. Allegations include market manipulation of UST and LUNA tokens, profiting $1.3B. Both parties haven’t commented. This underscores the need for transparency and compliance. #CryptoRegulation
Ripple wins procedural victory as Judge dismisses most claims in Oakland class action lawsuit. Federal and state law securities claims against Ripple rejected. XRP’s security status still undecided, with another trial involving CEO Brad Garlinghouse pending. #CryptoLaw #Update
Jeremy Hogan doubts the SEC’s appeal win against @Ripple in the U.S. Court of Appeals, even if successful, could lead to more legal battles. Judge Torres ruled XRP sales to retail investors aren’t securities, but institutional sales violated laws. #Update $XRP
