Hong Kong just banned SMS logins for crypto platforms
Hong Kong's Securities and Futures Commission (SFC) has ordered licensed crypto exchanges and online brokers to stop using one-time passwords (OTPs) for client logins, in one of the most dire
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Policy
Latest CryptoCompass coverage, analysis, and explainers filed under Policy.
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Most funds leaving Binance in the EU went to self-custody, not rivals
Binance co-CEO @_RichardTeng has disclosed that the majority of funds withdrawn by European users following the exchange's MiCA licensing failure did not flow to regulated rivals. Instead, mo
Coinbase Legal Chief Behind SEC Fight Departs
Six-Year Tenure Comes to a Close Coinbase Chief Legal Officer Paul Grewal is stepping down after six years at the crypto exchange, closing a chapter defined by one of the most consequential l
MiCA Push Lifts Circle EURC Activity
Circle's euro stablecoin $EURC logged its highest daily active addresses and new wallet creation since its launch four years ago, according to Santiment data. On July 9, daily active wallets
CLARITY Act Draft Nears Senate Release
A fresh version of the Digital Asset Market CLARITY Act could be published as soon as next week, according to sources cited by CoinDesk, as Senate negotiators race to assemble a unified text
SWIFT XRP Speculation Hits Wall
A fresh wave of speculation linking SWIFT to $XRP has been shut down by one of the organisation's most prominent former officials. Tom Zschach, who served as SWIFT's Chief Innovation Officer
Circle Gains Approval to Launch a National Trust Bank
Circle Secures Federal Banking Charter for Digital Assets @Circle has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
Binance CEO Says 70% Of EU Withdrawals Went To Self-Custody After MiCA Exit
Binance CEO Richard Teng said 70% of funds withdrawn by European users after the exchange’s MiCA setback moved to self-hosted wallets, while 30% moved to MiCA-regulated platforms. The split p
BitLicense Era Fades as Crypto Firms Flee to Federal Charters
Crypto firms are abandoning state trust licenses for a single federal charter from the OCC. Circle’s final approval this week makes it the flagship case of a migration that began in December.
Circle Receives Final OCC Approval for U.S. National Trust Bank
Circle has reportedly received final approval from the Office of the Comptroller of the Currency (OCC) to operate as a U.S. national trust bank, a milestone that would make the USDC issuer on
New Hampshire's $100 Million Bitcoin Bond Proposal Fails Final Vote
New Hampshire’s proposed $100 million Bitcoin bond initiative failed its final vote this week, ending what had been one of the most closely watched state-level cryptocurrency finance experime
A Beginner's Path Into Crypto Sports Betting for the World Cup
You want to bet on the World Cup, you have heard crypto is an option, and then the wallets, networks, and coins start to look like a second subject to learn on top of the football itself. For