Crypto Regulation News

U.S. Senator Cynthia Lummis says the $6.3 billion Binance hack strengthens the case for the CLARITY Act, arguing it would give crypto firms legal protection to temporarily freeze suspicious transactions when law enforcement intervenes. Binance says about $3 billion of the stolen assets have already been frozen and user losses will be covered.

RM Labs says 34 in-person casinos in Cambodia’s Sihanoukville received about $1.07 billion in crypto between January 1 and September 7, 2026. Around $687 million, or 64%, went to casinos tied to OFAC-designated networks, while more than $320 million reached three such casinos after their designation dates. TRM Labs

South Korean lawmaker Bae Jun-young has urged the Democratic Party to decide quickly whether to delay the crypto tax due to start on January 1, 2027. He proposed putting related bills before the National Assembly tax subcommittee on November 2, citing unresolved fairness, investor protection and overseas transaction reporting issues.

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Crypto firms already operating in Brazil must apply to the Central Bank by October 30 to remain active under transitional rules. Providers that file on time can continue serving customers while their applications are reviewed. The licensing framework covers governance, client asset safeguards and compliance requirements.

Binance says a security breach affected about $6.3 billion in crypto assets, potentially making it the largest crypto heist on record. TRM Labs attributes the attack to North Korea’s TraderTraitor unit. About $3 billion has been frozen, while Binance says there is no evidence that wallet private keys were compromised.

The FCA is escalating enforcement against crypto exchange HTX, formerly Huobi, over alleged illegal financial promotions to UK users. The regulator says HTX continued publishing promotions across its website and social media despite being placed on the FCA warning list and facing High Court proceedings.

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Russia’s regulated crypto market is moving into operation as approved brokers and financial institutions prepare trading services under Bank of Russia oversight. Retail investors must pass a suitability test and can buy up to 300,000 rubles of eligible crypto per year through each intermediary, while qualified investors receive broader access. crypto.news

Singapore Police are investigating tampered Ledger hardware wallets sold through some local retail stores after at least two cases caused about S$3.5 million in losses. Police said malicious hardware components could capture recovery phrases or private keys, allowing attackers to move crypto without the owner’s knowledge. Ledger is reviewing the affected cases.

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Alipay says it does not support cryptocurrency trading through third-party platforms and warned users about potential account and fund risks. The statement followed Peer’s beta launch allowing users to trade USDC on Base while settling yuan payments through Alipay. Peer says it has no official partnership or integration with Alipay.

Abu Dhabi Global Market has issued new guidance for crypto mining businesses operating in or from ADGM. Mining is treated as a commercial activity rather than a regulated financial service, meaning operators must obtain a Registration Authority Commercial Licence. The framework covers Proof-of-Work, Proof-of-Stake and future consensus models used for a firm’s own account.