Tag Archives: Crypto Exchanges

This tag is used to compile information on business models, compliance requirements, market trends, and practical applications related to cryptocurrency exchanges.

Pakistan VASP Licenses: PVARA sets a September 5th registration deadline; 11 types of licenses under the Virtual Assets Act are now in effect.
Pakistan VASP Licenses: PVARA sets a September 5th registration deadline; 11 types of licenses under the Virtual Assets Act are now in effect.

Pakistan's PVARA has opened its licensing portal. Transitional entities already operating before March 5, 2026, must apply for a certificate of no objection by September 5, or they will have to cease operations. The Virtual Assets Act 2026 establishes 11 types of licenses, requiring locally registered companies, paid-up capital, suitability testing, and anti-money laundering systems. Offshore exchanges must establish local subsidiaries to renew their licenses.

25
June
The US SEC's "Reg Crypto" regulatory rule has been implemented, establishing a compliance framework for crypto issuance and brokerage licenses.
The US SEC's "Reg Crypto" regulatory rule has been implemented, establishing a compliance framework for crypto issuance and brokerage licenses.

U.S. SEC Chairman Atkins stated that the "Reg Crypto" proposal has been submitted to the White House's Office of Information and Research (OIRA) for review and approval. This proposal focuses on the Securities Act of 1933, clarifying exemptions for crypto issuance and fundraising. The SEC has included three crypto rules in its 2026 regulatory agenda and is working with the CFTC.

25
June
Payward, the parent company of Kraken in the US, plans to apply for a banking license overseas: from Wyoming SPDI to a full-license bank.
Payward, the parent company of Kraken in the US, plans to apply for a banking license overseas: from Wyoming SPDI to a full-license bank.

Dave Ripley, co-CEO of Kraken's parent company Payward, stated at the 2026 Wyoming Blockchain Symposium that they are exploring becoming a full-fledged bank outside the United States, expanding their trading, banking, and asset management businesses. Payward is already operational.

21
June
Nexo Australia launches regulated crypto-backed lending: a compliance path under credit representative qualifications
Nexo Australia launches regulated crypto-backed lending: a compliance path under credit representative qualifications

Following its registration as a credit representative under Australia's National Consumer Credit Protection Act, Nexo Australia has launched a regulated crypto-collateralized credit facility, allowing eligible customers to borrow Australian dollars or stablecoins using cryptocurrency as collateral at annualized interest rates ranging from 0.9% to 21.9%. Nexo is registered as a VASP with AUSTRAC and has joined the AFCA, providing a benchmark for the recovery of regulated crypto lending in Australia.

19
June
Singapore International Commercial Court freezes 780 BTC and 81.67 USDC mistakenly transferred: Implications for crypto platform ledger compliance.
Singapore International Commercial Court freezes 780 BTC and 81.67 USDC mistakenly transferred: Implications for crypto platform ledger compliance.

On March 26, 2026, the Singapore International Commercial Court (SICC) issued a temporary property injunction, freezing approximately S$75 million (approximately US$58 million) worth of 780 BTC.

19
June
Interpreting the US Clarity Act 2026: Jurisdiction Division of Digital Asset SEC/CFTC Licenses and Exchange Compliance Requirements
Interpreting the US Clarity Act 2026: Jurisdiction Division of Digital Asset SEC/CFTC Licenses and Exchange Compliance Requirements

The U.S. Clariability Act (HR 3633) proposes to enshrine the division of digital asset jurisdiction between the SEC and CFTC into federal law and establish a federal registration system for cryptocurrency trading platforms. The bill has passed the House and Senate Banking Committees, but is stuck at the 60-vote threshold and has not yet been scheduled for a vote before the August recess. This article analyzes the decentralization threshold, the security attributes of tokenized stocks, the ban on interest-bearing stablecoins, and the developer safe harbor, and points out the current regulatory vacuum where guidelines replace legislation.

16
June
Australia's ASX CHESS blockchain clearing system fails: Shareholders plan to sue former directors and executives to address governance gaps.
Australia's ASX CHESS blockchain clearing system fails: Shareholders plan to sue former directors and executives to address governance gaps.

Australian Securities Exchange (ASX) shareholder Rosherville plans to apply for permission from the Federal Court to file a statutory derivative suit on behalf of ASX against former directors and executives, seeking accountability for the failed CHESS blockchain clearing system revamp project. ASX admitted to misleading the market in June 2026 and was fined A$20.5 million in July. This incident highlights the boundaries of governance accountability for core financial market infrastructure.

14
June
Global Tokenized Stock License Landscape: Binance bStocks Ranks Second Among Issuers in Two Months
Global Tokenized Stock License Landscape: Binance bStocks Ranks Second Among Issuers in Two Months

Binance launched bStocks in June 2026, and within just two months, it jumped to become the second largest tokenized stock issuer with a market capitalization of approximately $610 million, surpassing Kraken's xStocks. This article analyzes the compliance differentiation and securities regulatory boundaries of the tokenized stock sector from three perspectives: licensing structure, regulatory packaging, and data interpretation, highlighting the assessment risk that minting volume does not equal trading volume.

14
June
American Bitcoin directors increased their holdings by 30.7 shares in two days: Disclosure obligations and governance signals for politically affiliated mining companies.
American Bitcoin directors increased their holdings by 30.7 shares in two days: Disclosure obligations and governance signals for politically affiliated mining companies.

American Bitcoin director Justin Mateen has filed a report with the SEC regarding the purchase of a total of 306,981 shares over two days. For compliance and capital markets clients, this news is more of an observation on the governance and disclosure of a politically connected mining company than a simple stock price update.

11
June
South Korea's ruling party proposes to postpone the cryptocurrency tax until 2030: the institutional maneuvering and investor impact of the fourth extension.
Will South Korea postpone its cryptocurrency tax until 2030? Ruling party lawmakers have proposed an amendment, which is still awaiting parliamentary review.

截至2026年8月10日，韩国执政党议员已提出把加密资产所得税生效日期从2027年1月1日推迟到2030年1月1日的修正案，但该安排仍待国会审议，尚不是已经生效的确定税制。

11
June
Bhutan: Bitget and GMC sign cooperation agreement to initiate the process of obtaining financial service licenses for Gelephu Mindfulness City.
Bhutan: Bitget and GMC sign cooperation agreement to initiate the process of obtaining financial service licenses for Gelephu Mindfulness City.

In August 2026, global cryptocurrency exchange Bitget signed a cooperation agreement with the GMC Authority of Bhutan to launch its licensed digital asset business in the Gelephu Mindfulness City Special Administrative Region. The GMC has an independent financial services regulatory framework (Financial Services Act 2025), with the GFSO responsible for license approval. Currently, eight licensed institutions have already established operations there. Bitget is currently in the very early stages of the licensing process, which involves several phases, including legal entity registration, a preliminary meeting with the GFSO, formal application, and approval in principle.

11
June
A Complete Guide to Singapore's MAS 2026 Crypto Licensing: PSA Payment Services Act SPI/MPI Application Requirements, Cost Budgeting, and a Comprehensive Overview of Compliance Upgrades by 2027
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03
June
Binance.US to apply for CFTC DCM license to enter prediction market: Compliance rebound and product matrix restructuring of licensed crypto exchanges
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30
June
A joint proposal by US law enforcement groups to amend the CLARITY Act: the debate over Section 604 developer protection provisions intensifies, and the voting window narrows sharply before the August recess.
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30
June
U.S. SEC Chairman Atkins warned that if the Clarity Act legislation stalls, the SEC will issue its own crypto regulatory rules.
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30
June
212 Crypto Security Incidents in the First Half of 2026, Losses Exceeding $11 Billion: Implications of the Blockaid Security Report for Licensed Institutions' Operational Compliance
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30
June
Global Crypto Industry Shutdown Wave in 2026: MiCA Compliance Warning – 99 Projects Exit the Market
Global Crypto Industry Shutdown Wave in 2026: MiCA Compliance Warning – 99 Projects Exit the Market

RootData's 2026 list of defunct crypto projects includes 99 projects that shut down, went bankrupt, or became unusable, an increase of nearly 30 from early July. AscendEX ceased all operations due to failing to obtain a CASP license after the full implementation of MiCA. Even prominent projects like Zapper were not spared. This article analyzes the driving factors behind this wave of project exits from a licensing compliance perspective and its implications for licensed institutions.

26
June
The Thai SEC has filed a criminal complaint against the cryptocurrency exchange Bitkub, alleging false reporting in connection with a $5,080 million theft five years ago and issuing a licensing and compliance warning.
The Thai SEC has filed a criminal complaint against the cryptocurrency exchange Bitkub, alleging false reporting in connection with a $5,080 million theft five years ago and issuing a licensing and compliance warning.

On July 23, 2026, the Thai SEC formally filed a criminal complaint against Bitkub Online and two of its former directors, accusing them of misconduct in May 2021.

25
June
The landscape of VASP (Virtual Asset Service) licenses in South Korea is being reshaped: Mirae Asset Group holds a 97.15% controlling stake in Korbit, which plans to rename itself Digital X to create a comprehensive digital asset investment platform.
The landscape of VASP (Virtual Asset Service) licenses in South Korea is being reshaped: Mirae Asset Group holds a 97.15% controlling stake in Korbit, which plans to rename itself Digital X to create a comprehensive digital asset investment platform.

Mirae Asset, South Korea's largest asset management group, has completed its acquisition of a 97.15% stake in Korbit, becoming the first traditional financial group in South Korea to hold a controlling stake in a licensed cryptocurrency exchange. Korbit will be renamed Digital X, integrating RWA tokenization, STOs, and stablecoins to create a one-stop digital asset investment platform. The total investment is approximately 1,414 billion won, and the KFTC approved the acquisition based on its relatively small market share of only 0.5%.

24
June
Taiwan's Virtual Asset Services Act passed its third reading: Seven types of VASPs (Virtual Asset Service Providers) licensing system + full reserves for stablecoins + maximum 10-year criminal liability.
Taiwan's Virtual Asset Services Act passed its third reading: Seven types of VASPs (Virtual Asset Service Providers) licensing system + full reserves for stablecoins + maximum 10-year criminal liability.

2026年6月30日台湾地区立法院三读通过虚拟资产服务法：七类VASP许可制（含借贷商）、稳定币十足准备+破产隔离+零收益、None照经营最高7年徒刑。母法与9项子法预计2027年Q1同步施行，既存8家业者享有12+9个月过渡期。

24
June

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