Estonia’s financial intelligence unit has suspended the operating license for Zondacrypto, limiting certain activities while users can still withdraw funds.
Estonia’s FIU has suspended the license of the operator behind Zondacrypto. The move restricts deposits and new user onboarding for a 30-day compliance window.
Reported by AI Image generated by AI
European stablecoin issuer StablR has frozen operations for its USDR and EURR tokens following a cyberattack that left the assets under-collateralized.
A Seoul court has overturned a six-month partial business suspension on Bithumb, one of South Korea's largest cryptocurrency exchanges. The ruling reverses sanctions imposed in March by the Financial Intelligence Unit over alleged anti-money laundering violations. It remains unclear whether a 36.8 billion won ($24.6 million) fine is also on hold.
Reported by AI
Russia's central bank is considering a plan to let banks and brokerage firms operate cryptocurrency exchanges using a simplified notification process tied to their existing licenses. Governor Elvira Nabiullina presented the proposal as a way to integrate digital assets into the country's financial infrastructure while managing risks. The move is part of broader efforts to establish a regulatory framework for cryptocurrencies, effective from July 2026.
Wisconsin lawmakers have advanced a bipartisan measure to protect residents from cryptocurrency scams involving kiosks. The bill, which passed the state assembly last month, introduces transaction limits and licensing requirements for operators. It now awaits senate approval amid reports of significant losses to such frauds.
Reported by AI
Minnesota lawmakers are advancing a bipartisan bill for a statewide ban on cryptocurrency kiosks, which number about 350 in gas stations and retailers, as scams persist despite 2024 regulations. Nearly 20 other states have adopted measures, but advocates call for prohibition. Introduced last month by Rep. Erin Koegel, the proposal faces another legislative hearing this week.