Kraken Secures Dubai VARA Approval, Expands UAE Presence
Kraken has obtained preliminary approval from Dubai’s VARA to offer trading and institutional services. The move places it alongside Binance, OKX, and Crypto.com in the UAE market.
Federal Reserve Proposes Payment Account for Eligible Crypto Firms
The Federal Reserve has proposed a new payment account that could allow eligible crypto firms to access its clearing and settlement systems. A 60-day comment period is now open.
Legal | News | Regulation
Missouri Sues CoinFlip Over Alleged Fraud at Crypto ATMs
Missouri has filed a lawsuit against CoinFlip, alleging the crypto ATM operator facilitated fraudulent transactions. The state is seeking penalties and a potential ban on its operations.
News | Regulation | Security
1 Quadrillion MAPO Minted in Bridge Exploit, Token Drops 30%
A vulnerability in MAP Protocol’s Butter Bridge allowed attackers to mint 1 quadrillion MAPO tokens. The incident led to a near 30% price drop and liquidity losses.
Crypto-Backed Lending Advances While Mortgages Face Barriers
Stablecoins anchor crypto payments, while collateral-based lending gains attention. Mortgages require stronger custody, valuation, and risk standards.
Japan Opens Payment System to Foreign Stablecoins
Japan’s Financial Services Agency will recognize qualifying foreign stablecoins as regulated payment instruments from June 1, 2026. In the US, the Senate Banking Committee has advanced the CLARITY Act.
BeInCrypto Lists 10 Crypto Regulatory Frameworks for 2026 Award
BeInCrypto has published a long list of 10 jurisdiction-level crypto regulatory frameworks for 2026. The selection spans stablecoin laws, VASP regimes, and comprehensive crypto regulations.
US Treasury Sanctions Over 50 Iran-Linked Entities and Vessels
The US Treasury sanctioned more than 50 Iran-linked entities and vessels, targeting shadow banking networks, oil shipments, and cryptocurrency flows.
News | Regulation | Security
Echo Protocol Exploit on Monad Prompts Suspension of Cross-Chain Transfers
Echo Protocol suspended cross-chain transfers after an exploit on Monad involving 1,000 eBTC. The case marks the 14th reported crypto hack in May.
Galaxy Digital Wins New York BitLicense for Institutional Services
Galaxy Digital has obtained a BitLicense and Money Transmitter License in New York. The approval allows it to serve institutional clients directly in the state.