FSB urgest Turkey to tighten crypto oversight, set stablecoin rules
The Financial Stability Board cited progress on crypto licensing and urged stronger enforcement and cooperation with foreign regulators.

Writer
Ezra Reguerra is a staff writer at Cointelegraph. He has been reporting for the publication since 2021, contributing news articles, feature stories, and interviews on blockchain and digital asset–related topics. His work focuses on Web3 culture, emerging technologies, and broader industry developme…
5stories today
15in 7 days
1publishers
The Financial Stability Board cited progress on crypto licensing and urged stronger enforcement and cooperation with foreign regulators.
The expansion adds more than 200 tokenized UK and EU equities, including all 40 companies in Germany’s DAX index, as xStocks plans further expansion into Hong Kong.
The wallet flagged about 37,000 signing requests a week for phishing in Q3 and said better monitoring likely contributed to the increase.
ECB Executive Board member Piero Cipollone warned EU lawmakers that delays in finalizing digital euro legislation could push back its potential 2029 rollout.
Initia said an attacker exploited compromised cloud credentials to move $3.27 million in crypto assets, with about $2.16 million remaining frozen on its halted network.
Sen. Richard Blumenthal asked four crypto firms to start sending records by Nov. 30 and warned of further action if they miss the Jan. 4 deadline.
The proposed reduction aims to shorten transaction confirmation times and improve the user experience for point-of-sale payments, exchange deposits and cross-chain swaps.
Threshold halted its tBTC bridge on Oct. 30 as operators addressed a critical Linux kernel vulnerability that could allow attackers to execute code on unpatched servers.
South Korea’s GOPAX suspended trading, deposits and standard withdrawals after a hacking threat, with manual withdrawals available through support.
Zcash’s NU7 upgrade has rendered about $15 million in legacy Sprout funds unspendable, although a future network upgrade could potentially restore access.
Chainalysis disclosed password hashes and live tokens were exposed after initially reporting only non-sensitive customer data was accessed.
The SkyBridge founder said disputes over ethics restrictions also stalled negotiations, with both sides responsible for the setback.
South Korea is seeking a fourth delay to its 22% crypto tax, months after reaffirming plans to begin taxing digital asset gains in January 2027.
The bank said customer funds were unaffected after attackers accessed its systems through a service provider’s platform.
Polygon block producers have already frozen the stolen tokens, but a proposed hard fork would allow the funds to be recovered and returned to their owners.
Sun plans to refile his token-freeze lawsuit in California state court after the sanctions motion is resolved. A hearing is set for Dec. 10.
Ethereum researcher Justin Drake said it is their “hope” that Ethereum will achieve its post-quantum and post-AI transition by December 2028.
The French bank has not confirmed its alleged involvement in the crypto theft, which ZachXBT said could have resulted in losses exceeding $133 million.
Moscow Exchange plans to launch crypto trading on Dec. 1 under Russia’s new law, with annual purchase limits for non-qualified investors.
ZachXBT identified another $27 million in exchange withdrawals, some of which occurred after he first flagged the suspected crypto theft.
Crypto.com will discontinue its consumer app services in Hong Kong in February next year.
The watchdog has not named the jurisdictions under review. Initial findings on compliance with its crypto standards are due in June 2027.
Trezor cited July’s Coldcard attacks, in which strong passphrases helped protect some users whose wallet recovery information was compromised.
The HKMA plans to bring regulated stablecoins into tokenized government debt trials, while HSBC says its RedCoin stablecoin has reached 50,000 users.
BTCPay Server urged operators to shut down their servers after receiving reports of unauthorized attackers draining funds from hot wallets.
Zcash Community Grants proposed redirecting about $124 million in existing and future funding toward mining rewards, but critics say the plan fails to address governance and accountability concerns.
The attackers held 18,270 BTC early Friday, topping Coinbase’s reported corporate holdings, and an Ether stash exceeding 500,000 ETH.
Trezor urged customers who bought devices from CryptoBilis since March to move their funds after a report of a suspected hardware implant.
Michael Saylor says Strategy could create up to $30 billion in digital credit without new common-stock fundraising or further Bitcoin price gains, as the company plans more BTC purchases.
Bybit’s new VARA licence authorizes spot trading services in Dubai, but the exchange must complete additional regulatory requirements before launching.
HSBC is rolling out RedCoin wallets to PayMe users, with plans to support tokenized investment subscriptions and expand into institutional uses.
ChainSecurity said it identified 13 real-world examples of smart contracts potentially affected by Glamsterdam’s gas changes and is coordinating responsible disclosure with affected projects.
DWF Labs research finds that Bitcoin ETF flows follow past BTC price movements rather than predict future returns, with investors buying rallies and selling dips.
StarkWare plans to release a draft whitepaper in November as it explores an independent, quantum-resistant blockchain.
PancakeSwap’s proposed fee-sharing overhaul would give liquidity providers 88% of swap fees and cut CAKE emissions by 69%, as BNB Chain’s DeFi activity expands.
Kraken's xStocks platform surpasses $1.1 billion in assets under management following a major European expansion that adds over 200 UK…
CoreWeave shares jumped as much as 14% in premarket trading on Wednesday after the AI cloud infrastructure provider delivered a…
OKXICE will launch its blockchain-powered securities trading platform on November 23, offering 24/7 trading of over 70 tokenized assets, including…
Deutsche Bank has officially launched its cryptocurrency custody service for institutional clients across Europe, providing secure storage and transfer options…
Work with the Crypto News Bulls team and make an impact.