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According to Caixin, in response to the China Securities Regulatory Commission's investigation into Changqiao Securities and the proposed administrative penalties, Changqiao Securities stated that its licensed entities are regulated by overseas regulatory agencies such as the Hong Kong Securities and Futures Commission.Changqiao emphasized that customer funds are completely separated from the company's operating funds and are stored in independent custody bank accounts as required by regulations; the U.S. stocks and Hong Kong stocks held are respectively custodied by the Depository Trust & Clearing Corporation (DTCC) and Hong Kong Securities Clearing Company Limited (HKSCC), and are protected by the Hong Kong Investor Compensation Fund (ICF). At the same time, the company will strictly implement all rectification requirements and legally and compliantly promote relevant arrangements.

According to Blue Whale News, the China Securities Regulatory Commission previously announced that it has initiated an investigation and issued a prior notice of administrative penalties against Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited for illegal securities business operations within the country and related entities.Tiger responded by stating: "The company has noted the relevant notification and will strictly comply with regulatory requirements to actively cooperate with related work. Currently, all of the company's business operations are normal. Tiger always prioritizes compliance and maintains close communication with regulatory agencies."

According to the official account of the Shenzhen People's Procuratorate, recently, the Shenzhen People's Procuratorate of Guangdong Province, after legal review, prosecuted defendants Sui Guangyi, Ma Xiaoqiu, and 30 others for committing illegal fundraising crimes using Shenzhen Dingyifeng Asset Management Co., Ltd., Hong Kong Dingyifeng International Holdings Group Co., Ltd., and their affiliated companies in Shenzhen and other locations.According to the relevant provisions of the Criminal Law of the People's Republic of China and the Criminal Procedure Law of the People's Republic of China, they were prosecuted for crimes including fundraising fraud, illegal absorption of public deposits, money laundering, embezzlement, smuggling across national (border) boundaries, and providing false certification documents to the Intermediate People's Court of Shenzhen, Guangdong Province.Previous reports indicated that the subjects involved in the case were suspected of engaging in illegal financial activities by issuing fictitious financial products and "DDO digital options," among other methods.

According to the official announcement, Binance has announced a significant regulatory advancement in Pakistan. It has now obtained Anti-Money Laundering (AML) service registration under the framework of the Pakistan Virtual Assets Regulatory Authority (PVARA), enabling Binance to provide registered AML cross-border services while preparing to obtain a full Virtual Asset Service Provider (VASP) license, thereby aligning with Pakistan's regulatory roadmap.

ChainCatcher news, according to CoinDesk, British blockchain technology developer R3 announced a partnership with the Solana Foundation, planning to bring over $10 billion of tokenized real-world assets (RWA) from its Corda blockchain platform to the Solana public chain. R3's existing clients include institutions such as HSBC, Bank of America, the Bank of Italy, and the Monetary Authority of Singapore. This collaboration aims to enhance asset scale through public chain liquidity.The Boston Consulting Group and Ripple's joint report predicts that the global tokenization market size will reach $18.9 trillion by 2033.

ChainCatcher news, the South Korean cryptocurrency exchange Upbit has explained the sanctions imposed by financial authorities, stating that these sanctions were taken based on issues identified during the 2024 Financial Intelligence Unit (FIU) on-site inspection. The specific sanctions include a partial suspension of operations and a ban on new customers transferring virtual assets. Upbit has reviewed the necessary improvement measures and completed the actions taken to respond to the sanctions imposed by the financial authorities. The sanctions implemented may change according to relevant regulatory procedures. If the relevant measures are suspended or become ineffective, new users will be able to use Upbit's services without restrictions.

ChainCatcher news, according to Cointelegraph, as part of the EU's extensive cryptocurrency regulations, the European Securities and Markets Authority (ESMA) published a consultation document on February 17, seeking input from stakeholders, "with the aim of developing guidelines to assess the knowledge and competence of individuals providing advice on crypto assets or information regarding crypto assets or crypto asset services on behalf of crypto asset service providers."The guidelines will align with the EU's Regulation on Markets in Crypto-Assets (MiCA), published in June 2023, aiming to establish consistent standards for employees providing crypto advice and information to clients, enhance investor protection, and promote trust in the crypto market.

ChainCatcher news, according to the official announcement, Nasdaq-listed mining company Bit Digital, Inc. has announced that it will officially transition to a domestic issuer status starting January 1, 2025, in accordance with U.S. securities regulations. It has now completed the transition from foreign private issuer status to domestic reporting issuer status.

ChainCatcher news, the Cyberspace Administration of Hebei announced the results of the "Clear and Bright · Clean Internet" network ecological governance in Hebei Province for December 2024. The provincial cyberspace system investigated and dealt with 137 illegal websites; 31 accounts of internet users were penalized; among them, websites such as "Hui Shijie" and "Ai Quan She," which provided download links for mobile applications for virtual currency trading platforms, were ordered to rectify and remove illegal links according to the law.

ChainCatcher news, the State Administration for Market Regulation recently filed an investigation against NVIDIA Corporation for suspected violations of the Anti-Monopoly Law of the People's Republic of China and relevant provisions in Announcement No. 16 of 2020. This case involves potential restrictive practices following NVIDIA's acquisition of shares in Mellanox Technologies, and specific details have not yet been disclosed; the investigation is still ongoing.

ChainCatcher news, according to Yonhap News Agency, the Special Investigation Team of the National Investigation Agency under the Korean National Police Agency, which is responsible for investigating the "12·3 Emergency Martial Law Incident," held a press conference on the 9th.The investigation team stated regarding the possibility of Yoon Suk-yeol being urgently detained that if the conditions are met, urgent detention can be carried out according to the law. However, it is necessary to consider whether the relevant conditions are satisfied. According to regulations, urgent detention can be implemented when a suspect is accused of crimes that could result in the death penalty, life imprisonment, or a long-term sentence of three years or more, and there is a suspicion of "fleeing or destroying evidence," but due to the urgency of the situation, there is not enough time to request a judge to issue a detention warrant.

ChainCatcher news, according to the Shandong Cyber Police, a man from Liaoning, Qu, impersonated an offline U merchant and was arrested by the police in September while conducting U currency transactions with a "client," with confiscated illicit funds amounting to 217,000 yuan.After investigation, the suspect Qu confessed that he had committed two U currency transactions for his superior this year, earning a total of 217,000 yuan in cash, with his cut being over 6,000 yuan.Qu admitted that he knew nothing about the U currency business, and that his superior's request for him to act as a U merchant was merely a facade. In reality, it was just to take the so-called "clients'" money. After the transactions, his superior would black out the "clients," who were all victims of their telecom network fraud.Currently, the suspect Qu has been criminally detained by the police in accordance with the law, and the case is under further investigation.

ChainCatcher news, according to the Shandong Cyber Police public account, a man from Liaoning, Qu, became an offline U coin dealer after posting job information online and took a 3% cut from each transaction based on the cash received. He was arrested by the police during a transaction in September, with 217,000 yuan in illicit funds seized.After investigation, the suspect Qu confessed that he had committed crimes related to U coin transactions twice this year, earning 217,000 yuan in cash from these transactions, with his cut being over 6,000 yuan. The upper-level dealer's request for him to act as a U dealer was merely a facade; in reality, it was to withdraw money from the so-called "clients," who were all victims of their telecom network fraud. Currently, the suspect Qu has been criminally detained by the police, and the case is under further investigation.

ChainCatcher news, according to the official announcement, Binance has announced service updates in accordance with Turkey's new cryptocurrency regulations. All direct marketing activities targeting local users will be completely halted, and the Turkish language option for Binance.com will be gradually shut down within 3 months.Binance stated that it has been closely monitoring regulatory developments in Turkey and believes that collaborating with regulators is crucial to ensure that all users can enjoy a compliant environment. Binance will strongly support the establishment of a regulatory framework for the industry to protect the ecosystem, and is therefore taking all necessary measures to ensure compliance with the law in Turkey and globally.

ChainCatcher news, Bitfinex announced in its official statement that it will stop providing products and services to certain customers in the UK based on regulatory requirements. Bitfinex had previously informed that UK residents who create accounts on the Bitfinex platform on or after November 1, 2023, will no longer be eligible to apply for personal account verification. In the future, Bitfinex will no longer accept verification applications from UK corporate residents, except for applications that meet the definitions of high-net-worth companies, unincorporated associations, trusts, or other relevant applicable exemptions.It is reported that starting from January 10, certain existing UK customers will no longer be able to make new deposits, enter into new contracts, or increase existing margin positions, but they can continue to reduce or close positions and withdraw funds from their platform.

ChainCatcher news, the virtual asset trading platform "JPEX" issued two special announcements in the past two days stating that it is currently adjusting some business processes according to the instructions of the Hong Kong Securities and Futures Commission to comply with legal regulations. As of September 16, 00:00 Beijing time, all functions of the platform's game hall have been temporarily closed, while the trading functions of the platform are still operating normally. JPEX stated that it believes the platform will not shut down and will continue to operate steadily.In another announcement, JPEX stated that since the publication of the emergency priority withdrawal application form, the platform has received a large number of emergency withdrawal applications from users. The dedicated team is working hard to prioritize the processing of these applications and is expediting the approval, integration, and handling of the relevant data and information, hoping to assist users with urgent needs in completing priority withdrawals as soon as possible.

ChainCatcher news, cryptocurrency exchange Kraken has sent an email statement to its Russian customers announcing that it will cease providing services to them in order to comply with the latest EU sanctions against Russia. According to the email, Russian users can withdraw their funds as requested.Previously, due to EU sanctions, cryptocurrency exchanges such as Blockchain.com, Crypto.com, and LocalBitcoins have restricted Russian accounts. (Cointelegraph)