Crypto Regulation

Bybit resumed operations in India after paying a ₹9.27 crore ($1.06 million) fine and securing registration with the Financial Intelligence Unit-India (FIU-IND). The exchange had been blocked for non-compliance but now aims to fully operate under India's regulatory framework.

Senator Elizabeth Warren, a known crypto critic, has unexpectedly aligned with former President Donald Trump on debanking concerns, linking investigations to the recently dismantled Consumer Financial Protection Bureau. Is this a tactical move to avoid backlash or a shift in her regulatory stance?

India, a country that is well known for its hard stance and skepticism towards crypto, is facing pressure to also change its regulatory policy regarding crypto less they lose out.

Led by Commissioner Hester Peirce, the new crypto task force seeks to resolve regulatory ambiguity, focusing on defining digital assets as securities and enhancing transparency. With the SEC’s stance shifting post-Gensler, can this initiative truly end years of uncertainty?

Russia’s Ministry of Energy has announced plans to establish a mandatory registry for crypto mining equipment, requiring all mining operations to register their hardware, according to a report from state-owned news agency TASS.

India is reassessing its stance on cryptocurrencies due to global shifts, with other countries like the U.S. becoming more crypto-friendly. This has prompted a delay in India's planned discussion paper on crypto, as differing opinions within the government and the Reserve Bank of India create uncertainty.

KuCoin has pleaded guilty to running an unlicensed money-transmitting business in the U.S. and will pay nearly $300 million in fines and forfeitures. As part of the settlement, co-founders Chun Gan and Ke Tang have stepped down, while the exchange works to rebuild under stricter global regulatory oversight.

"Bitcoin Jesus" Roger Ver has appealed to Donald Trump for help in avoiding extradition to the U.S. after being charged with tax evasion linked to cryptocurrency transactions. Elon Musk initially hinted at a possible pardon but later reversed his stance, while Trump has yet to comment on the matter.

Taiwan is preparing a new law to integrate cryptocurrency into its economy, allowing banks to issue stablecoins and tightening regulation for crypto service providers. The country aims to attract global investors and become a crypto hub in Asia, with a focus on security and stability.

The SEC launched a new task force on January 21, 2025, to develop a clear regulatory framework for cryptocurrency. Hester Peirce will lead the initiative, aiming to collaborate with the crypto industry for clearer guidelines.