Latest news

06:10 Regulation

French panel advances disclosure rule for self-custodied crypto above €100,000

French committee backs reporting rule for large self-custodied crypto holdings France’s Finance Committee adopted tax amendment I-CF821 to require individuals to report crypto held in personal wallets when the value reaches €100,000 or more on Dec. 31 each year. Non-compliance could bring fines of up to €10,000. Lawmakers said the measure is aimed at curbing tax evasion and still needs approval by the full National Assembly.

03:11 Stablecoins

MAS Chief Questions Stablecoins for Large Wholesale Settlement Use

MAS says stablecoins may be unsuitable for large wholesale settlements Monetary Authority of Singapore managing director Chia Der Jiun said stablecoins cannot be assumed to hold par value and may be unsuitable for settling large wholesale transactions, drawing a line between them and bank deposits redeemable for central bank reserves. Speaking on Oct. 9, he said stablecoins are better suited to crypto exchanges and fintech payments, while wholesale settlement should stay anchored in deposit tokens and CBDCs.

01:42 Tokenization

Bank of Korea plans wholesale CBDC for 2027 tokenized Treasury pilot

Bank of Korea taps wholesale CBDC for 2027 tokenized Treasury pilot The Bank of Korea plans to use a wholesale central bank digital currency, not private stablecoins, as the settlement asset for a 2027 tokenized Treasury pilot, aiming to cut counterparty risk and guarantee settlement finality. The pilot would issue and distribute government bonds as blockchain-based assets, while the BOK and other agencies are now reviewing the legal and technical requirements.

01:11 Regulation

Jeonbuk Bank Starts South Korea’s First Bitcoin-Backed Won Loan for Companies

Jeonbuk Bank launches South Korea’s first BTC-backed won corporate loan Jeonbuk Bank has rolled out South Korea’s first won-denominated loan secured by Bitcoin, initially for corporate clients only. The bank said it will not custody the BTC itself, relying on a licensed digital-asset custodian while it handles collateral valuation and lending; loan proceeds are restricted to operating funds, and in a default the collateral can be sold for cash through court procedures under revised civil enforcement rules.

22:41 Security

XRPL Fixes Long-Standing Bug That Could Have Allowed Creation of 18 Trillion XRP

XRPL patches flaw that could have minted 18 trillion XRP RippleX released xrpld 3.4.1 to fix a payment engine overflow bug in the XRP Ledger that could have allowed unauthorized creation of about 18 trillion XRP in a single transaction, a flaw that had existed since 2015. No exploitation has been found on the public network, and RippleX said more than 80% of UNL validators had updated within three days of the report, with the patch pushed outside the usual amendment voting process after the issue became public.

22:11 Court

London court sentences man to 2.5 years over £200,000 SIM-swap crypto theft

UK court jails man for 2.5 years over £200,000 SIM-swap crypto fraud Ajay Shinjin, 25, also known as AJ Marley Cruz, was sentenced to two and a half years in prison for his role in a November 2021 SIM-swap scheme that stole about £200,000 in crypto from four victims, City of London Police said. Investigators linked him to four devices used in the attacks; more than £44,000 in stolen funds reached his crypto wallets, and police said he spent the proceeds on trips to Dubai, an apartment and gold-plated dental grills.

19:11 Regulation

Moscow Exchange Targets Dec. 1 Start for Crypto Trading Under Russia’s New Law

Moscow Exchange plans crypto trading launch on Dec. 1 Moscow Exchange is testing cryptocurrency trading with professional participants and plans to move to full production on Dec. 1, Securities Market Managing Director Boris Blokhin said. He said the exchange can add the service under its existing licenses, using stock market infrastructure, after Russia’s new law took effect on Sept. 1 allowing licensed national exchanges to offer crypto trading.

16:11 Security

Liquid peg-outs remain suspended 35 days after exploit as audit of Elements continues

Liquid peg-outs still frozen 35 days after 4,000 BTC exploit Liquid users still cannot redeem LBTC for bitcoin 35 days after an attacker exploited a flaw in Elements software and drained nearly 4,000 BTC. About 3,400 BTC has been returned, but 598.5 BTC remains in the attacker’s wallet as an external audit of Elements v23.3.4 continues and the Liquid Federation updates its PAK list to restore peg-outs safely.

09:41 Regulation

CFTC separates casino gambling from swaps and moves to classify event contracts as derivatives

CFTC moves to classify event contracts as swaps, excludes casino gambling The CFTC issued an interim final rule saying casino-style gambling products, including sportsbooks and casino games, are not swaps, while separately proposing to explicitly classify event contracts tied to sports, politics, culture and weather as swaps. If adopted, that would place markets such as Kalshi and Polymarket under CFTC jurisdiction rather than state gambling regulators, as legal fights with several states continue.

09:12 Court

Japan arrests six in probe over ¥91 million crypto laundering operation

Japan arrests six in alleged ¥91 million crypto laundering scheme Japanese police arrested six people, including Weather president Keisuke Tanaka and suspected intermediary Yusuke Shibuya, over an alleged operation that converted investment scam proceeds into cryptocurrency through overseas channels. Investigators are examining about ¥91 million ($580,000) linked to around 30 victims in 15 prefectures, while the arrests center on a ¥4.4 million transfer allegedly concealed in February 2024.

08:41 Regulation

Argentina Central Bank Keeps Ban on Crypto in Banking and Payments

Argentina central bank keeps ban on crypto in banking and payments Argentina’s central bank will not allow crypto or other digital assets into banking or payment channels in the near term, BCRA Superintendent Juan Curutchet said at an event hosted by the Argentine Payment Chamber. He said nothing will change this year, and any rollback of the current ban on banks handling crypto would depend on the economy and could only be considered under a possible second Javier Milei term.

06:41 Security

Fake Ledger Site Reported in Google Ads as Company Probes $86M in Suspected Losses

Fake Ledger site appears in Google ads amid probe into $86M in reported losses Security researchers warned that a fake Ledger website and app are appearing prominently in Google Search and trying to steal users’ 24-word recovery phrases through a fake verification flow. The alert comes as Ledger investigates more than $86 million in suspected losses tied to devices bought from Southeast Asian reseller CryptoBilis, and reiterates that its support will never ask for a recovery phrase.

06:11 Regulation

Russia requires new crypto mining grid links to accept lower-priority power

Russia puts crypto miners at the back of the power queue Russia’s government has adopted Resolution No. 1300, requiring cryptocurrency mining farms and mining infrastructure operators to use Category 4 electricity connections, which let authorities cut their power during shortages to protect households and other consumers. The rule, confirmed by the Energy Ministry on Oct. 9 after the Oct. 6 decree, applies to new grid connections and some pending applications, while regions under full mining bans must suspend affected requests.

02:40 Prediction Markets

Blockchain.com Seeks CFTC Approval to Bring Prediction Markets and Derivatives to the US

Blockchain.com starts US approval bid for prediction markets and derivatives Blockchain.com has applied to the CFTC for designated contract market approval and futures commission merchant registration as it seeks to bring prediction market and derivatives services to US customers. The company already offers non-US users Polymarket-linked prediction markets and Hyperliquid perpetual futures, and says the move would let users trade those products alongside digital assets in one app.

14:11 Regulation

French Assembly Committee Blocks Budget Revenue Section, Delaying Crypto Tax Measures

French budget committee setback stalls crypto tax measures France’s plan to tax stablecoin swaps and extend its exit tax to wealthy digital-asset holders who move abroad has been delayed after the National Assembly Finance Committee rejected the revenue section of the 2027 budget bill. The amendments had approved treating swaps into electronic money tokens as taxable sales and taxing unrealized gains on relocation, but neither will advance unless lawmakers resubmit them during floor debate ahead of reviews on Oct. 13 and Oct. 20.

11:41 Regulation

China policy plan calls for national blockchain and computing networks

China calls for national blockchain and computing networks in new policy plan China has included a national blockchain network and an integrated national computing power network in a policy opinion laying out 19 measures to link the digital economy with real-world production. The plan also pushes data-market reforms, including rules on data ownership, trading and cross-border data flows, while backing smart manufacturing, industrial internet projects and the East Data, West Computing program.

09:41 Security

Triple-A attacker moves $12.4 million in ETH through Tornado Cash

Triple-A hacker sends $12.4M in ETH to Tornado Cash The attacker behind Triple-A’s July treasury breach moved 4,970 ETH worth about $12.4 million into Tornado Cash on Oct. 9, blockchain security firm Salus said. Salus traced 49 deposits of 100 ETH and seven deposits of 10 ETH routed through intermediary addresses before reaching a single wallet. Triple-A has said the breach hit treasury reserves, not customer funds held in separate trust accounts.

08:41 ETF & Funds

US Spot Bitcoin and Ether ETFs Post More Than $1.22 Billion in Weekly Outflows

US spot Bitcoin and Ether ETFs lose $1.22B in one week US spot bitcoin ETFs saw $681.1 million in net outflows on Oct. 5-9, 2026, while spot Ethereum ETFs lost $542.07 million, taking combined weekly redemptions above $1.22 billion, SoSoValue data shows. The biggest bitcoin outflows came from Fidelity’s FBTC at $380.36 million and Ark & 21Shares’ ARKB at $207.21 million, while BlackRock’s ETHA led Ether losses at $477.04 million; Ethereum’s total was the second-largest weekly outflow of 2026.

06:41 Regulation

Lithuania Updates Crypto Reporting Rules to Match EU DAC8 Standards

Lithuania updates crypto reporting rules to match EU DAC8 framework Lithuania’s State Tax Inspectorate issued Order VA-63 to tighten reporting rules for crypto asset service providers, requiring more detailed customer identification, transaction, and tax residency data in line with the EU’s DAC8 and the OECD’s CARF. Firms already reporting in another EU member state are exempt from duplicate filings in Lithuania, as the bloc prepares for full reporting from Jan. 1, 2026 and cross-border tax data sharing in 2027.

03:41 Regulation

NCUA Proposes 26 Stablecoin Reporting Fields for Federally Insured Credit Unions

NCUA proposes 26 new stablecoin reporting fields for credit unions The National Credit Union Administration on Oct. 9 proposed adding 26 stablecoin-related fields to quarterly Form 5300 reports for federally insured credit unions, covering reserve assets held for issuers, custody of cryptographic keys, issuer exposure, and stablecoins held on their own balance sheets. The agency said the new Schedule J would support offsite supervision as credit unions explore digital dollar services; comments are due by Dec. 8.

02:10 ETF & Funds

Evernode completes SPAC merger and plans Nasdaq trading debut as XRPN on Oct. 12

Evernode completes SPAC merger, targets Nasdaq debut as XRPN on Oct. 12 Evernode has completed its merger with Armada Acquisition Corp. II and plans to start trading on Nasdaq on Oct. 12 under the ticker XRPN. The company says it holds about 473 million XRP and about $300 million in cash, and plans to grow XRP holdings per share by funding infrastructure and services tied to XRP utility, including tokenized assets, blockchain lending, and payments and settlement systems.

01:55 Court

U.S. charges Kishu Inu creator in alleged $9 million token scheme

Kishu Inu creator charged in alleged $9 million rug pull U.S. prosecutors in Illinois charged Alexander Sisemore, known as “Kishu man” and “Kimbo,” with wire fraud over an alleged scheme to secretly sell Kishu Inu tokens while falsely claiming the project had no team allocation. Prosecutors say a founder transferred 6% of supply to Sisemore’s wallets before public sales, helping him make about $9 million as Kishu Inu’s market cap later topped $1.6 billion.

00:25 Regulation

DOJ Reviews Binance Compliance With 2023 Criminal Settlement

DOJ reviews Binance compliance with 2023 criminal settlement US prosecutors are reviewing whether Binance complied with the terms of its $4.3 billion 2023 criminal settlement, Bloomberg reported after DOJ Criminal Division head Tysen Duva confirmed the check on Oct. 9. The review follows reports tied to suspected Iranian sanctions evasion, including WSJ claims that accounts linked to Babak Zanjani moved about $850 million through the exchange and a September forfeiture case involving two Chinese firms; Binance says it closed or removed the accounts.

23:41 Tokenization

Brazil’s B3 Pushes Tokenized Stock Platform Launch to First Half of 2027

Brazil’s B3 targets H1 2027 launch for tokenized stock trading B3, Brazil’s largest stock exchange, said it expects to launch a tokenized assets platform in the first half of 2027, revising its earlier H2 2026 target. Product director Humberto Costa said the system will run alongside the current market, with tokenized securities fungible with traditional stocks and sharing the same prices and liquidity, while 24/7 trading and instant settlement still depend on regulatory approval.

21:55 DeFi

Aave proposal would let Sentora run first externally curated V4 hub on Ethereum

Aave ARFC proposes Sentora-run externally curated hub on Ethereum An Aave ARFC would authorize the first externally curated Hub and Spoke instance on Aave V4, with Sentora managing collateral selection, risk parameters, interest rate curves and oracles on Ethereum. The proposal says curation would sit outside Aave’s standard risk review, while DAO authorization still applies, prompting calls for standard terms on oversight, reporting, KPI reviews and wind-down triggers before more curator-led hubs are approved.

21:41 Regulation

CFTC Seeks to Classify Event Contracts as Swaps Amid Prediction Market Court Battles

CFTC moves to classify event contracts as swaps The U.S. Commodity Futures Trading Commission issued an interim final rule and a companion proposal to treat event contracts traded on platforms like Kalshi and Polymarket as “swaps,” bringing them under CFTC oversight and limiting state gambling regulators’ reach. The proposal would fold those contracts into existing swap rules with a 30-day comment period, a move supporters say could strengthen the agency’s hand in ongoing court fights over prediction markets.

21:41 Court

Alex Mashinsky accepts lifetime New York ban in Celsius settlement

Alex Mashinsky takes lifetime New York industry ban in Celsius case Former Celsius CEO Alex Mashinsky agreed to a New York settlement that permanently bars him from the cryptocurrency, securities, and commodities industries and could require up to $35 million in payments. Attorney General Letitia James said the deal resolves a 2023 civil suit over claims he misled investors about Celsius’s safety; Mashinsky is already serving a 12-year federal sentence after pleading guilty to fraud.

21:11 Regulation

US says it may seize $1 billion in Iran-linked crypto as sanctions campaign widens

Bessent says US could seize $1 billion in Iran-linked crypto this week U.S. Treasury Secretary Scott Bessent said Oct. 8 that authorities have located about $1 billion in Iran-linked cryptocurrency and could seize it this week, calling it part of an “absolute isolation campaign” against Tehran. He said officials know where the assets are held and are working to isolate them as Washington expands sanctions pressure, including new Treasury designations on 17 vessels over alleged Iranian oil shipments.

20:41 Court

Stake Restarts Brazil Betting Site After Court Protects License Until Oct. 25

Stake relaunches Brazil site after court shields license until Oct. 25 Stake’s Brazil unit put its local site back online after a federal judge in São Paulo barred authorities from treating its license as terminated or blocking its domain until Oct. 25. The injunction keeps the operator under strict conditions, including KYC, AML and responsible gambling controls, while banning promotions and bets funded with welfare money. The government said it will appeal.

20:12 Web3

GRAM gains 9% as Telegram broadens access to its Money self-custody wallet

Telegram expands access to Money wallet as GRAM jumps 9% GRAM rose 9% to $1.56 after Telegram expanded access to Money, its non-custodial wallet for token transfers and collectible purchases, beyond the selected users who previously had it. The wallet appears inside Telegram after a user receives a transfer and supports instant, fee-free transfers, while letting users hold and send GRAM and buy Telegram gifts and collectible usernames; the move lifted GRAM’s market cap to about $4.12 billion.

20:11 Court

Tax Court case could define when Bitcoin fork coins become taxable income

IRS tax case tests whether unclaimed Bitcoin forks count as income The IRS is arguing in U.S. Tax Court that bitcoin holder Benjamin Rogovy owes income tax on forked assets tied to his private keys even though, aside from a small portion of Bitcoin Cash, he says he never accessed, accepted, or in some cases even knew about them. The case could decide whether self-custody alone can trigger tax on unsolicited fork coins such as Bitcoin Gold, whose software the IRS acknowledges was not immediately available at launch.

19:12 Security

Brazil Police Recover More Than $1.7 Million From Self-Custody Crypto Wallets

Brazil seizes record $1.7M in crypto from self-custody wallets Santa Catarina’s Civil Police said Operation ClickFix recovered more than $1.7 million from self-custody crypto wallets, calling it the largest seizure of its kind by Brazilian law enforcement. The Sept. 10 operation targeted a phishing group that used social engineering and malware, and police said they found four seed phrases, identified the assets with Chainalysis tools, and transferred the funds in 13 transactions to the force’s institutional account on Foxbit.

16:41 Court

Malaysian Court Lets Ripple Pursue Seamless’s 60% Tranglo Stake Over $24M XRP Debt

Malaysian court grants Ripple claim over Seamless stake in Tranglo A Malaysian court has granted Ripple a charging order over Seamless Group’s 60% stake in Tranglo to recover about $23.95 million in unpaid XRP invoices tied to its ODL service. Ripple can seek a court-approved sale from Oct. 7, while Seamless can still challenge the valuation; the stake was priced at $400 million in January. The debt stems from guarantees Seamless and Regal Planet gave in 2023 after GEA Limited failed to fully pay four invoices.

16:26 Stablecoins

Aave governance proposal calls for USAT listing on V3 and V4 on Ethereum

Aave proposal seeks USAT listing on V3 and V4 on Ethereum Aave has received a proposal to add USAT, the Tether America USD stablecoin, to its V3 Core Instance and V4 Core Hub on Ethereum. USAT is issued by Anchorage Digital Bank, N.A., a federally chartered national trust bank supervised by the OCC, and the proposal says the move would expand Aave’s regulated dollar stablecoin options and support institutional demand. Final risk parameters would be set by Risk Service Providers.

16:26 DeFi

Aave Predeploys PT Risk Oracle Stack on Plasma for PT-sUSDe Ahead of Governance Vote

Aave deploys PT risk oracle stack on Monad and Plasma ahead of governance vote Aave’s PT Risk Oracle stack has been deployed on Aave V3 Monad for PT-AUSD-17DEC2026 and on Aave V3 Plasma for PT-sUSDe-22OCT2026, with source-verified contracts that are described as byte-equivalent to Certora-audited Ethereum deployments. The EMA oracle can activate immediately, while the discount-rate and E-Mode agent routes stay inert until a forthcoming AIP registers the predeployed agents and grants them RISK_ADMIN.

15:13 Court

New York settles civil case with Alex Mashinsky for up to $35 million and lifetime crypto ban

NY settles civil fraud case against Alex Mashinsky for up to $35M New York Attorney General Letitia James said Alex Mashinsky has settled the state’s civil case over claims he misled Celsius customers about the platform’s safety, agreeing to a permanent ban from the securities, commodities and crypto industries and penalties of up to $35 million. Mashinsky is already serving a 12-year federal sentence for securities and commodities fraud tied to Celsius, which froze withdrawals in 2022 before filing for bankruptcy.

14:12 Security

Ledger Halts CryptoBilis Wallet Sales as It Investigates Reported Customer Drains

Ledger tells CryptoBilis to halt wallet sales amid loss investigation Ledger has asked Southeast Asian reseller CryptoBilis to pause all Ledger sales and shipments while it investigates reports that buyers lost funds. The warning applies only to customers who bought from CryptoBilis in the past 90 days: Ledger told them not to set up the device, or if they already had, to move funds to a new device with a new seed phrase. The move came about an hour after analyst Specter put suspected losses above $86 million, a figure Ledger has not confirmed.

12:26 Security

Zcash targets January 2027 for post-quantum support for transparent payments

Zcash developers target Jan. 2027 for quantum-resistant transparent payments Zcash developers plan to add post-quantum signature opcodes in January 2027 to protect transparent transactions from future quantum attacks, with Zakura proposing hash-based signatures such as WOTS. The target is not a confirmed mainnet activation or migration deadline, but it matters because about 11.96 million ZEC, or 70.4% of supply, sits in transparent addresses where public keys can be exposed when coins are spent.

09:56 DeFi

PYTH rises as Pyth DAO approves full allocation of eligible revenue to token purchases

Pyth DAO approves full PYTH buyback policy PYTH jumped 14% to about $0.086 on Oct. 9 after Pyth DAO approved OP-PIP-136, directing 100% of eligible product revenue received by the DAO to buy PYTH on the open market or move PYTH payments into its reserve. Pyth said purchases under the new authorization began Sept. 30, replacing the previous system that required a separate monthly governance vote.

09:12 Security

London Man Gets 2.5 Years for SIM-Swap Scheme That Stole Nearly £200,000 in Crypto

London man jailed 2.5 years over £200,000 SIM-swap crypto theft Ajay Shinjin, 25, also known as AJ Marley Cruz, was sentenced at Inner London Crown Court after admitting his role in a November 2021 SIM-swap fraud that stole nearly £200,000 in cryptocurrency from BT customers. Police said he received more than £44,000 of the proceeds, with BT system data linking him to four devices used in the attacks.

06:11 Regulation

ESMA Gives EU-Licensed Crypto Firms Three Months to Exit Non-MiCA Stablecoin Services

ESMA gives EU-licensed crypto firms until January 2027 to exit non-MiCA stablecoins ESMA told national supervisors that EU-licensed crypto firms have three months, until early January 2027, to wind down services for stablecoins that do not meet MiCA, covering both asset-referenced and e-money tokens. The opinion expands scrutiny to custody and transfers, and firms should block new purchases by EU clients with technical and contractual controls while offering only limited, time-limited exit services for existing holdings.

05:41 Regulation

Kyrgyzstan to Wind Down USDKG and Liquidate EVA and Coin Nomad Exchange

Kyrgyzstan to liquidate USDKG issuer and state-owned crypto exchange Kyrgyzstan is shutting down USDKG, its state-backed gold-backed stablecoin, and liquidating issuer EVA along with state-owned Coin Nomad Exchange. The project said operations will end under Cabinet Order No. 639-t dated Aug. 20, 2026, with all 50,140,738 USDKG to be consolidated and burned after holders are offered redemption in fiat or USDT. The move follows U.K. sanctions on EVA in May, though the government said the liquidation is aimed at optimizing state asset management.

05:26 Regulation

Binance to Restrict 8 Services and Delist 22 Tokens in Brazil From Oct. 27

Binance to restrict 8 services and delist 22 tokens in Brazil on Oct. 27 Binance will block Brazilian users from eight services, including Loans, Pool, Cloud Mining, margin trading and Launchpool, and remove 22 tokens from trading from Oct. 27 as it shifts local customers to new entities under Brazil’s central bank rules. Existing margin positions can stay open but no new orders or borrowing will be allowed, and users who refuse the migration must withdraw assets and close their accounts by that date.

04:41 Infrastructure

XRP Ledger activates delegated permissions for institutional account controls

XRP Ledger activates PermissionDelegationV1_1 The XRP Ledger activated PermissionDelegationV1_1 on Oct. 8, letting account owners authorize other accounts to handle specific tasks without sharing primary keys. The upgrade is aimed at banks, stablecoin issuers and tokenized fund operators that need to split duties like payments and compliance while keeping main holdings offline. Officials warned not to delegate PaymentBurn until a separate fix goes live, because in some cases it could let a helper create new tokens.

04:11 Security

Pattaya Home Invasion Forced Expat to Transfer $820,000 in Crypto, Thai Police Say

Gunmen force Pattaya expat to transfer $820K in crypto Three armed men broke into a gated home in Nongprue at about 3:30 a.m. Tuesday, held a Chinese expat with Turkish citizenship at gunpoint, and forced him to transfer $820,000 in cryptocurrency, along with cash and three luxury watches, Thai local reports said. Police Region 2 said the crypto was sold immediately and investigators, working with the Immigration Bureau, are tracing the wallets and accounts involved to recover the funds.

03:41 Regulation

US ADAPT Act Proposes Use-Based Crypto Tax Rules and Stablecoin Purchase Relief

US lawmakers introduce ADAPT Act to rewrite crypto tax treatment US lawmakers have introduced the ADAPT Act, a bill that would tailor digital-asset tax rules by use case, with separate treatment for mining, staking, lending and DeFi. The proposal would exempt gains or losses on qualifying dollar-based stablecoins used for purchases and waive recognition for transaction-fee amounts of $10 or less, while also applying wash-sale and mark-to-market principles to bring crypto closer to traditional asset tax rules.

03:25 Regulation

Thailand Sets Oct. 16 Start for Bitcoin and Ether ETFs on the Stock Exchange

Thailand SEC finalizes rules for Bitcoin and Ether ETFs on SET Thailand’s SEC has finalized rules allowing crypto ETFs tied to Bitcoin and Ether to list on the Stock Exchange of Thailand from Oct. 16, 2026, creating a new route for local investors to get exposure through the stock market. The products must trade only on SET, brokers cannot offer margin loans for purchases, and retail investors still cannot access overseas crypto ETFs outside institutional and ultra-high-net-worth channels.

03:11 Regulation

South Korea Says 89% of Delisted Crypto Tokens Were Listed on Only One Exchange

South Korea says 89% of delisted tokens were listed on only one exchange South Korea’s FIU and FSS said 68 of 76 virtual assets that lost trading support in the first half were single-listed tokens, highlighting risks around thin liquidity and volatility. Across exchanges, suspensions rose 64% to 108 while new listings fell 46% to 135; single-listed assets made up 35% of tokens in circulation and posted a 77% average peak-to-trough drop, versus 69% for all assets.

02:40 Regulation

French Lawmakers Back Stablecoin Tax Trigger and 10-Year Crypto Loss Offset

France’s lower house backs new crypto tax measures in budget review France’s Finance Committee in the National Assembly has adopted three crypto tax amendments during its review of the 2027 budget bill, including a rule to tax gains when crypto is converted into fiat-pegged stablecoins rather than only on cash-out. Lawmakers also backed an exit tax on unrealized gains for people leaving France after at least six of the past 10 years as tax residents if their crypto holdings exceed €800,000, and extended loss carryforwards on crypto trades to 10 years.

01:41 Court

Empire Market Co-Founder Sentenced to 40 Years in US Dark-Web Drug Case

Empire Market co-founder gets 40 years in US dark-web case Rahim Hamilton, co-founder of dark-web marketplace Empire Market, was sentenced on Oct. 5 to 40 years in prison and fined $5 million after pleading guilty in January to a drug-conspiracy charge. Prosecutors said the platform processed more than 4 million transactions and over $430 million in sales from 2018 to 2020, with operators requiring cryptocurrency payments and encouraging mixing services to hide trails. Hamilton also agreed to forfeit about 1,230 BTC, 24.4 ETH and three Virginia properties.