REGULATION news today

KuCoin has halted its services for users based in Russia and Belarus, pointing to legal and regulatory compliance as the reason, with both countries currently under international sanctions. Since the story was published, the KCS token has fallen 3.05%, from 7.45711 USD.

Nasdaq-listed Canton Strategic Holdings plans to start trading tokenized stock from November 2. The tokenized shares would carry the same shareholder rights as traditional stock and would trade around the clock with immediate settlement under the SEC's innovation exemption. Since the story, the CC coin has moved -5.69%, from 0.103224 USD.

Intercontinental Exchange, the owner of the NYSE, has agreed with Trade[XYZ] to bring regulated perpetual futures built on Hyperliquid to the United States. The HYPE token was priced at 93.96 USD when the story ran, and has since moved -0.43%.

The Bank of Russia has approved NAUFOR, a securities industry group, as the country's first self-regulatory organization for crypto exchanges and digital depositories. The move sets up an industry body to oversee these platforms. Bitcoin was priced at 81,215.9 USD when the story ran and has since fallen about 2.38%.

The French Senate has approved a bill that would let tax authorities automatically share information about crypto-asset holdings with their counterparts abroad, though the measure still needs to clear the rest of the legislative process. Bitcoin was priced at 81,178.6 USD when the story was published, and it has since moved -2.33%.

Polymarket has launched ultra-short Up/Down crypto contracts on its U.S. platform, a move that comes as the CFTC revisits the prediction market's compliance with the terms it agreed to when onboarding in the U.S. in 2022. BTC was $81,117 when the story was published, was up 0.8% in the first hour after, and is now down 2.1% since the story.

Walmart and Eli Lilly have joined a growing group of companies opposing OKX and ICE's plans for tokenized stocks, bringing the total number of objectors to 38. A rival venue on the Canton network is preparing to launch with an issuer-sponsored stock under the SEC's innovation exemption. Since the story was published, CC is down 4.2%, after being up 3.3% in the first hour.

Brazil's crypto exchanges have until Friday to file their applications under new rules, and the costly requirements and open regulatory questions are making compliance difficult. Since the story was published, BTC, which was $80,182 at that time, is down 1.2%.

A venue called TSV LLC plans to begin trading shares of Canton Strategic Holdings as early as Monday, using a tokenization method that sidesteps a 30-day company objection period. The story frames it as a possible first trade ahead of an OKX–ICE effort under the SEC framework. CC was priced at $0.0989 when the story ran, rose 1.6% in the first hour, and is down 2.0% since publication.

Coinbase has applied for authorization in Brazil ahead of an Oct. 30 regulatory deadline. The company says it expects to keep offering its existing services while regulators review the application. BTC was $80,170 when the story was published, and in the first hour afterward it was up 0.2%; since then it is down 0.9%.

Utah has filed felony charges against Kalshi and its co-founders over sports wagers, with the state saying an undercover agent placed a dozen bets on the platform. The filing came a day after the U.S. Commodity Futures Trading Commission sued Utah to stop its enforcement actions. BTC was $80,272 when the story was published and is down 0.9% since then.