🗞 Key News of the Week: main developments covered from October 26–31

🗞 Key News of the Week: main developments covered from October 26–31

❔ Binance confirmed approximately $6.3 billion in losses following the October 29 hack. The exchange temporarily suspended withdrawals; by October 31, it said it had replaced 90% of the affected assets using its own resources.

🇷🇺🇧🇾 HTX restricted services in Russia, while KuCoin announced an exit from Russia and Belarus. Affected KuCoin customers receive individual deadlines for closing positions and withdrawing funds.

🇪🇺🇬🇮 Noah obtained EU MiCA CASP and PSD2 payment institution licences for stablecoin and fiat services. Revolut secured a Gibraltar DLT provider licence to support its international crypto expansion.

🇰🇿 Kraken received in-principle approval from AFSA and signed a cooperation memorandum with Kazakhstan’s digital ministry. Launching within the AIFC’s regulated jurisdiction still requires fulfilment of further licensing requirements.

💵 USDC reached 56% of stablecoin trading against the euro, up from 10% in January 2024, according to Kaiko. Its euro order books were approximately 40% deeper than USDT’s, following trading restrictions on USDT under MiCA.

🇺🇦 Ukrainian banks are preparing to share alerts about transaction miscoding and money-mule accounts. EMA’s AntiFraud HUB service will connect risk information across banks; each institution will decide how to respond. Automatic account blocking is not part of the proposed service.

🇰🇿 Kazakhstan sent a case involving payments for illegal casinos to court. Investigators reported over KZT 188 billionprocessed through terminals. Bank employees are suspected of helping connect payment infrastructure and bypass mandatory checks.

🇧🇷 Lula’s re-election kept the betting ban in the political spotlight. Separately, Brazil’s Central Bank ordered MW Pay’s liquidation for serious payment-system rule breaches. The provider advertised direct Pix participation; controllers’ and former executives’ assets were frozen.

🇨🇱 Chile proposed revisions to its online-betting bill: a 1,000 UTM annual licence fee, 19% VAT plus an additional 3% on wagers minus winnings, and a broad advertising ban. These remain legislative proposals.

🇵🇪 Peru proposed reducing the maximum fine for very serious violations from 200 to 70 UIT, while tightening advertising and supplier rules. MINCETUR submitted the draft for public consultation.

🇩🇰 Denmark’s bill L37 proposes tighter gambling advertising restrictions during live sports broadcasts, including ten minutes before and after, alongside stronger inspection powers. Implementation is planned in stages during 2027, subject to parliamentary approval.

🇨🇱 AEON added Chilean peso bank transfers to its crypto payment service. At participating merchants, customers pay in crypto; AEON converts the funds and settles with the merchant in pesos.

🇺🇿 Uzbekistan announced Google Pay’s launch after relaxing data localisation requirements. The announcement did not specify which banks or cards would be supported at launch.

#news #digest

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