News Center
Hong Kong Plans Gold Token Backed by 400-Ounce Bars for Bank Transactions
Crypto.com to Shut Down Hong Kong Consumer App as Exchange License Remains Pending
Crypto.com will discontinue its consumer app services in Hong Kong starting February 1, 2027, while continuing to pursue a regulatory license for its institutional exchange. Affected users have been notified and will receive guidance on closing accounts and withdrawing funds. The company cites regulatory changes as the reason but has not disclosed specifics. Its institutional exchange license application has been pending since February 2024, and the relevant entity continues to operate under transitional regulatory status.
2 hours ago
South Korean Lawmakers Push for Another Crypto Tax Delay Until 2029
Ruling Democratic Party lawmakers have proposed postponing South Korea's crypto income tax by two more years to 2029, citing gaps in overseas transaction reporting, unfinished digital asset legislation, and exchanges' lack of readiness. This would mark the fourth delay since the tax framework was approved in 2020, with current law still requiring a 22% tax on annual gains above 2.5 million won starting January 1, 2027. The proposal now goes to party leadership, and any date change requires parliamentary approval.
3 hours ago
ICE Wants Hyperliquid-Based Markets in the US. What Would Change?
ICE and Trade[XYZ] announced a partnership on October 29 to launch Hyperliquid-based perpetual futures markets in the US, offering retail clients leveraged trading in crypto, equities, and commodities through regulated brokers. The venture requires regulatory approval and will use a separate market and clearing structure, with ICE serving as the exclusive operator of Trade[XYZ]'s regulated markets and taking a minority equity stake. Hyperliquid provides the underlying blockchain infrastructure, and its HIP-3 spec requires deployers to stake 500,000 HYPE. The article also notes Payward's earlier similar US Hyperliquid proposal via Bitnomial and NinjaTrader Clearing.
HYPEregulatory approvalclearing structurePerpetual Futures23 hours ago
OKXICE Hit by 50 Issuer Objections as Nvidia and Nike Join Opposition
OKXICE, a joint venture between OKX and NYSE parent Intercontinental Exchange (ICE), plans to launch tokenized stock trading but has drawn objections from 50 listed companies. Twelve firms including Nvidia, Nike, Costco, Micron, and Reddit joined the opposition on October 30, expanding the list from 26 on October 26 to 50. Under SEC rules, issuers can block unauthorized third-party tokenized shares from trading on the platform by filing timely objections. OKXICE had planned to offer 24-hour tokenized stock trading through permissioned liquidity pools on XLayer.
LINKIntercontinental Exchangeissuer objectionstokenized stocks2026-11-01
China Calls for Stricter Crackdown on Crypto Bribery and Corruption
On October 29, the Central Committee of the Chinese Communist Party adopted a resolution calling for a tougher crackdown on corruption involving cryptocurrency, blockchain, and cross-border fund transfers. The resolution targets officials who accept bribes in virtual currencies, hide assets through third parties, or move illicit wealth abroad, and calls for stronger international cooperation, overseas corruption investigations, and asset recovery. The article notes that the resolution introduces no new ban on crypto trading and does not name USDT, OTC desks, or offshore exchanges; existing Chinese regulations already cover crypto trading services, stablecoins, and unauthorized cross-border financial activity.
2026-11-01
Coinbase CEO Armstrong Plans to Sell Up to 8.17 Million Shares
Coinbase CEO Brian Armstrong, co-founder Fred Ehrsam, and President Emilie Choi have adopted Rule 10b5-1 trading plans covering roughly 13.6 million Class A shares, according to SEC filings. Armstrong's plan covers up to 8.17 million shares, with potential sales running from November 16, 2026 through October 22, 2027, subject to stock price conditions. Ehrsam's plan involves 3.87 million shares, while Choi's includes about 1.56 million shares plus shares tied to future equity awards. Coinbase also disclosed it repurchased 37,995 shares in Q3, with approximately $1.96 billion remaining under its authorized buyback program.
2026-10-30
38 Companies Oppose OKXICE Tokenized Stocks Amid Nasdaq Lobbying Claims
The article reports that Nasdaq has been accused of encouraging its listed companies to oppose tokenized stock trading through the OKXICE platform, with the number of opposing firms now reaching 38, including Walmart, Eli Lilly, Carnival, and Cigna. OKXICE is a joint venture between OKX and Intercontinental Exchange, the parent company of the NYSE, and plans to launch round-the-clock tokenized trading of US stocks. Nasdaq did not directly address the allegations but reiterated its support for its own issuer-centric tokenization model and is working with Kraken on a separate solution. SEC rules allow companies to object within 30 days to third-party tokenization on specific platforms.
2026-10-30
Circle Urges SEC to Treat Stablecoins as Cash and Eliminate Capital Haircut
Circle has filed a comment letter with the U.S. SEC, asking that GENIUS Act-compliant payment stablecoins be treated as cash under its crypto financing rules and that the capital haircut on qualifying stablecoin positions held by broker-dealers be cut from 2% to zero. Circle backs the Regulation Crypto Assets proposal, arguing that stablecoin payments should not saddle issuers with financing-company obligations. The article also notes a separate comment letter from the Hyperliquid Policy Center on airdrops and secondary trading, plus two financing exemptions in the SEC's August proposal.
USDCRegulation Crypto AssetsBroker-Dealer CapitalStablecoin2026-10-29
CFTC Chair Selig Backs Onchain Finance Rules at Link:NYC
At Chainlink's Link:NYC event, CFTC Chair Michael Selig said he will push to reshape the regulatory rules governing onchain finance. The CFTC is consulting on a federal registration pathway for crypto trading platforms that distinguishes plain spot trading from retail-facing leveraged and margin trading, the latter of which would require CFTC registration. The consultation opened on October 5, with comments due by December 14, 2026. Selig also touched on cooperation with the SEC and oversight of prediction markets.
LINKregistration pathwaycrypto regulationOnchain Finance2026-10-29
Mudrex and Instadapp Targeted in ED Raids Over $525 Million Crypto Probe
India's Enforcement Directorate raided premises linked to Mudrex and Instadapp on October 27 as part of a probe into unauthorized cross-border crypto transactions worth over $52.5 million (about ₹500 crore). Investigators allege Mudrex and Saber.money used stablecoins such as USDT and USDC to move funds outside legal remittance channels, involving offshore shell companies and overseas exchange accounts. Instadapp faces separate forex violations of roughly $40 million. The searches were carried out under Section 37 of the Foreign Exchange Management Act; no arrests or penalties have been announced, and the Instadapp investigation is ongoing.
USDTcross-border transactionsEnforcement DirectorateStablecoins2026-10-29