Kyrgyzstan is winding down USDKG, its state-backed gold stablecoin, and liquidating both its issuer and the country’s first state-owned crypto exchange. Kyrgyzstan Pulls Plug on USDKG and State-Owned Crypto Exchange Kyrgyzstan is pulling the plug on one of the crypto industry’s more unusual sovereign experiments.
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In January 2025, ESMA said custody and transfers of non-compliant stablecoins could carry on after delisting. Thursday's opinion brings both into scope.
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Three crypto exchanges and two payment platforms come under new UK sanctions over suspected efforts to bypass restrictions on Russia. The measures target financial channels authorities associate with sanctions evasion as Britain expands pr…
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An international gaming regulators’ group, the NFL, and a coalition of 39 states have asked the U.S. Supreme Court to hear New Jersey’s case against Kalshi, arguing that split appeals courts have left sports betting rules depending on wher…
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L2BEAT data showed about $17.1 million in canonically bridged ETH; the wind-down plan sets out no independent exit after Dec. 15.