The scandal might turn out to be the largest financial fraud in Hong Kong. JPEX has suggested that its users recover their funds by buying a stake in the exchange.

Crypto exchange JPEX recently raised withdrawal fees to handle a liquidity crisis and stopped its Earn program. The problems were ignited by the Hong Kong financial regulator's investigation of the exchange's operations in the country.

The regulator’s second legal action against an NFT collection seemingly targets any use of blockchain technology by artistic endeavors, casting a shadow of uncertainty over all such projects.

Coinbase has moved to have the SEC lawsuit against it dismissed, arguing simply that it does not trade securities. But as it launches its own Ethereum L2 network, we are getting mixed messages over crypto’s worth and whether or not the SEC asked it to delist all tokens but bitcoin.

Retail cryptocurrency traders in Hong Kong can now buy and sell to their heart’s content, as local exchanges, HashKey and OSL have both received uplifts to their licenses from the HK Securities and Futures Commission. Previously, crypto trading in the region was limited to professional investors.

Binance has exited multiple European countries despite its stated intentions to focus on compliance with MiCA regulations. Meanwhile, the company became the first to obtain an operational license for providing exchange services in Dubai and re-entered the Japanese market with a licensed entity.

Last week various crypto-related legislations were discussed and endorsed in the U.S., including an amendment to the 2024 National Defense Authorization Act which tightens regulation of anonymity-enhancing crypto assets.

Monerium EURe users can now transfer money between their Safe smart wallet and their traditional bank account with ease, further closing the divide between digital and traditional banking.