South Korea Continues Market Evolution With Ripple Approval
South Korea has approved the integration of Ripple into the country’s banking system on the same day a media watchdog voted to cut off access to the prediction market Polymarket. Regulators in South Korea have joined a widening crackdown against Polymarket while approving Ripple’s partnership with Jeonbuk Bank. Ripple (XRP) has announced that Jeonbuk Bank will run cross-border business remittances over Ripple Payments, making it the first regional lender in the country to adopt the service. Traditional transfers have to be routed between intermediary banks on the SWIFT network, and this process can make transactions take days to clear. However, Ripple offers a route that settles in seconds to minutes and runs around the clock. The service is aimed at the bank’s importers, exporters, IT startups and online content creators. Jeonbuk is Ripple’s third Korean partnership of 2026, following a tokenized government-bond trial with Kyobo Life Insurance and a custody and wallet deal with internet-only Kbank. South Korea votes to cut off access to Polymarket Despite these partnership announcements in South Korea, XRP slipped under $1 to 98 cents in Asian morning trading on Tuesday, its weakest level since November 2024 and the worst performer among major coins over the day and week. The decline might be due to RLUSD, Ripple’s dollar-pegged stablecoin, which now does much of the institutional settlement work. Tokenized real-world assets on the XRP Ledger are worth roughly $1.38 billion, and $845 million of that is RLUSD, representing more than three-fifths of the total value. RLUSD’s circulating supply reached approximately 1.71 billion tokens, with a market capitalization of around $1.71 billion. Ripple minted another 10 million RLUSD on the XRP Ledger on August 17. Despite the drop in XRP’s price, traders are still leaning long, with futures open interest near $2.78 billion. On the same day that the Ripple deal advanced, the Korea Media and Communications Standards Commission, another regulator in South Korea, voted to block domestic access to Polymarket, stating that the platform facilitates gambling under the Criminal Act and the National Sports Promotion Act. The commission explained that because payouts hinge on events users cannot control and winners take the entire pot, the design “fuels gambling psychology.” It also noted the fact that Polymarket sets the markets, runs the settlement rails, and collects trading fees. Polymarket argued it had removed Korean-language services and won-denominated payments and therefore fell outside Korean law, but the regulator rejected that, saying technical features cannot exempt a platform providing “a real illegal gambling environment to domestic users.” Cryptopolitan has been tracking the situation since the Korean police opened the country’s first criminal investigation into local Polymarket bettors after heavy trading around the June 3 national election. The commission began deliberations on July 6 after referrals from the National Police Agency. Beyond South Korea, more than 30 countries, including Italy, Indonesia, and Argentina, have blocked or limited Polymarket. The post South Korea continues market evolution with Ripple approval first appeared on Coinfea.
OpenAI has started rolling out a version of ChatGPT built specifically for Teens aged 13 to 17. The rollout comes after OpenAI has been dragged through the courts over lawsuits tying ChatGPT conversations to teen suicides. OpenAI is rolling out a new version of its flagship chatbot, ChatGPT, which will automatically place users aged 13 to 17 in the teen version. Users under 13 are barred from ChatGPT entirely. Even if teens try to trick the system by signing up with a fake birthdate, the system will consider signals such as the topics an account discusses, the hours it is active, and how long it has existed, in order to decide if a user is under 18 or not. Users who are still wrongly sorted can get their age verified through Persona, a third-party firm that reviews a government ID or a live selfie and deletes the upload within seven days. OpenAI VP details benefits of new model to teenagers Ann O’Leary, OpenAI’s vice president of global policy, said the goal is to stop exposing teens to material “they shouldn’t be exposed to.” Parents who link an account to a teen user can lock access to the chatbot at chosen times. They also receive alerts in limited high-risk cases, although OpenAI says the controls do not let them read a teen’s messages. OpenAI also said the teen ChatGPT version brings together its existing safety features rather than create new ones. For instance, the age prediction feature has existed since the start of the year, while OpenAI’s parental controls and study mode were launched roughly a year ago. The company first revealed its plans for a teen tier in September 2025. The Federal Trade Commission (FTC) also made an official inquiry into OpenAI, Meta, Alphabet, xAI, Snap and Character.AI over how they protect minors around that period. The FTC specifically targeted “companion” chatbots following multiple tragic incidents, including the suicide of a 16-year-old who had interacted extensively with ChatGPT. A 2025 study from Common Sense Media found more than 70% of U.S. teens have used AI chatbots for companionship, and half use AI companions regularly. A separate study found that ChatGPT would, when asked, tell 13-year-olds how to get drunk and high, hide an eating disorder, or draft a suicide note. Sam Altman has called emotional overreliance on the technology “a really common thing” among young people. The teen experience will be available for eligible accounts on either free or paid personal plans. From August 18, the teen version will be available for eligible accounts with no restrictions for free accounts. The company is also planning a full rollout in Australia, expected by September 8. The post OpenAI floats new ChatGPT model for teenagers first appeared on Coinfea.
HTX-linked Transfers Raise Wallet Screening and Freeze Concerns
HTX-linked transfers have raised concerns after several wallets received USDT from addresses associated with the exchange. Users fear the transactions could trigger compliance reviews, account freezes, or blocked activity across centralized and decentralized platforms. Multiple wallets reportedly received small transfers linked to HTX, formerly Huobi. A token contract for a new HTX asset interacted with thousands of addresses on BNB Smart Chain. Other users reported receiving USDT from an address identified as HTX48. An HTX ambassador said the exchange did not intentionally distribute assets and described such behavior as inconsistent with normal operations. Justin Sun, TRON founder and HTX owner, had not responded to questions about the reported spam activity. Sun has focused on artificial intelligence projects, including bonus tokens and access to a new model. HTX Transactions Prompt Compliance Concerns The activity has been described as compliance poisoning rather than a traditional dust attack. Standard dust attacks often attempt to confuse users into sending funds to incorrect addresses. Exchanges in the European Union and other regions increasingly screen wallets and trace links to sanctioned entities. Binance has not confirmed whether it will specifically screen dust transfers. However, users remain concerned that interaction with HTX-linked addresses could trigger checks. Some users said traders and crypto influencers may be particularly exposed to such reviews. Several key opinion leaders and industry participants have reported exchange accounts being frozen after receiving the transfers during recent reported activity. Dusting History Shows Different Enforcement Outcomes Similar incidents occurred after the United States sanctioned Tornado Cash. In one case, a user spent $50,000 sending dust transactions to multiple addresses connected with prominent individuals. Those transfers did not result in all affected wallets or exchange accounts being banned. The US Office of Foreign Assets Control later determined that passive receipt of immaterial funds did not make recipients participants in sanctioned activity. Recent HTX-linked transfers are larger than typical dust transactions, reaching as much as 12 USDT. The reported activity also involves genuine tokens rather than newly created or counterfeit assets. Wallet Screening Practices Vary Across Platforms Compliance procedures differ among exchanges and brokerage platforms. Binance has applied strict controls in some cases, including freezing accounts after suspicious transactions. Other platforms may flag incoming transfers while allowing users to move the assets back to self-custodial wallets. The source states that wallets withdrawing from HTX after May 26 are considered sanctioned. It also says Hyperliquid and some decentralized finance protocols have started blacklisting related addresses. HTX was included in a wider sanctions-related exchange crackdown. Binance froze transactions involving HTX, Exmo, and 14 other exchanges. Critics argue such measures may burden legitimate users while diverting resources from investigations into actual on-chain crime. The post HTX-linked Transfers Raise Wallet Screening and Freeze Concerns first appeared on Coinfea.
Pando Rings Oracle Exploiter Resurfaces and Sends ETH to Tornado Cash
Pando Rings oracle exploiter activity returned on August 18 after the wallet remained inactive for two months. The address linked to the 2022 hack swapped 3 million DAI for about 1,570 ETH through CoW Protocol. Blockchain tracker Onchain Lens reported that roughly 800 ETH, valued near $1.52 million, then moved to Tornado Cash across eight transactions. The renewed activity follows years of intermittent movement from funds connected to the exploit. It came three days after Pando announced that its protocol would be sunset and its DeFi products placed into maintenance mode under Mixin oversight. Pando Rings Hack Began With Oracle Manipulation The original attack occurred on November 5, 2022, when the exploiter manipulated the price of the sBTC-WBTC liquidity provider token on 4swap. The distorted oracle price was used in an effort to withdraw about $70 million in crypto. Before the team intervened, around $21.9 million in ETH, EOS, and BTC had already left two Mixin wallets controlled by the attacker. Pando later worked with Mixin Network and cybersecurity company SlowMist to freeze remaining assets. Those frozen holdings included 2,022,662 EOS, then worth about $2.36 million, alongside other tokens valued above $50 million. Pando suspended Pando Rings, 4swap, Pando Leaf, and Pando Lake while the oracle issue was addressed and said customers would be reimbursed. Exploiter Converts DAI Into Ether The same address has resurfaced periodically since the hack. Lookonchain reported on June 6 that the wallet used 10 million DAI to purchase 6,243 ETH at an average price of $1,602. The tracker commented that “even the hacker is buying the $ETH dip.” This week’s transaction again converted stablecoins into Ether, but part of the ETH was subsequently transferred through Tornado Cash. Tornado Cash remains watched because it can make transaction links harder to follow. However, mixer activity can still draw attention from blockchain investigators monitoring known exploit addresses and fund movements. PANDO RINGS EXPLOITER MOVES AFTER 2 MONTHS The Pando Rings exploiter became active again after two months, swapping 3M $DAI for 1.57K $ETH (~$3M) via CoW Protocol. It has since sent 800 $ETH (~$1.52M) to Tornado Cash across eight transactions. Pando Rings was exploited for… pic.twitter.com/r0rbP2zyjB — Onchain Lens (@OnchainLens) August 18, 2026 Pando Winds Down While Old Funds Move Tornado Cash was sanctioned by the US Treasury in August 2022. It was removed from the sanctions list on March 21, 2025, after a federal appeals court ruled that immutable smart contracts could not be treated as property under sanctions law. Pando announced on August 15 that it was discontinuing the protocol and moving its DeFi products into maintenance mode. Pando Rings now supports only loan repayments and collateral withdrawals. Immunefi data shows oracle-related ecosystem attacks have become less common. Such incidents fell from nearly 19% of DeFi loss cases in 2022 to under 1% in 2025. The latest transactions show that funds tied to older exploits can remain inactive for years before moving again. The post Pando Rings Oracle Exploiter Resurfaces and Sends ETH to Tornado Cash first appeared on Coinfea.
XAI Minnesota Law Fight Escalates Over AI Sexual Images
xAI challenges Minnesota’s HF 1606, restricting AI tools generating sexual images of identifiable people. Attorney General Keith Ellison urged a federal judge Friday to reject xAI’s effort, calling Grok Imagine technology, not protected speech. The hearing is Wednesday. Ellison said xAI is unlikely to win its constitutional claim or show irreparable harm. He wrote, “With Grok Imagine, X.AI has created an unparalleled marketplace for digital sexual violence, and the state would be defenseless from the start unless it could direct its laws at the technology itself.” HF 1606 Targets AI Providers Directly HF 1606 bars companies from enabling realistic images showing intimate parts absent from an identifiable person’s original photograph, or producing them. Violations can reach $500,000 per image, and depicted people may sue. Unlike many deepfake laws, including the federal Take It Down Act, Minnesota requires neither knowledge nor intent. Texas contacted operators in 2025 when owners knew consent was absent or ignored takedown notices. The House passed HF 1606 by 132 to 1 and the Senate 65 to 0 after reports that a man created sexual images of over 80 women he knew. Signed in April, it took effect August 1. xAI sued July 27 and sought a temporary restraining order July 29. Judge Donovan Frank denied it July 31, saying the nearly three-month delay and three-day timing showed “harm is not immediate.” xAI Argues Law Reaches Consensual Content xAI accepts Minnesota’s interest in preventing nonconsensual imagery but says the statute goes further. It says Minnesota borrowed an intimate-part definition from bodily-contact crimes covering breasts and inner thighs, potentially reaching swimsuits and satire. Page 19 cites a May 1 AI image Trump shared on Truth Social showing JD Vance, Marco Rubio, Doug Burgum, an unidentified woman, and the men shirtless in the Lincoln Memorial Reflecting Pool as a repair-cost joke. xAI says newly depicted breasts could make it unlawful. “Even if subjects gave their consent, generated the images themselves or never shared them, there is no safe harbor for good-faith efforts by the provider of general-purpose AI creative tools,” xAI said. It calculated ten violations could cost $5 million and 100,000 violations $50 billion. Grok Abuse Scale Draws Wider Scrutiny xAI’s July filing showed 52,222 suspensions and 73,604 reports to the National Center for Missing and Exploited Children, producing at least 244 arrests in 2026. The Center for Countering Digital Hate estimated Grok created about 3 million sexually explicit images from December 29 to January 8 after Musk endorsed editing features, including about 23,000 appearing to depict children. California opened an investigation January 14 and issued a cease-and-desist two days later. Thirty-five attorneys general issued a joint demand January 23. Ellison cited a class action by five children and federal suits from two Arkansas families. The European Commission opened an investigation January 27, while Malaysia and Indonesia banned the chatbot. The post xAI Minnesota Law Fight Escalates Over AI Sexual Images first appeared on Coinfea.
ByteDance Inks First AI Copyright Deal With Hollywood’s MPA
ByteDance and the Motion Picture Association have signed a memorandum of understanding to build copyright guardrails into the company’s Seedance and Seedream AI generators, the first deal of its kind between Hollywood’s main studio lobby and an AI firm, according to the Los Angeles Times. The truce ends a dispute that broke out approximately six months ago. The controversy dates back to a clip created purely by AI of Tom Cruise trading blows with Brad Pitt, built with Seedance, and then spreading widely all over the internet. On February 20, MPA global general counsel Karyn Temple wrote to ByteDance general counsel John Rogovin, the Los Angeles Times reported, arguing that Seedance 2.0 had been trained on protected material and was turning out unauthorized clips of characters such as SpongeBob SquarePants alongside a recreated scene from “Stranger Things.” ByteDance ends feud with MPA with copyright deal Variety reported that the trade group accused ByteDance of “disregarding well-established copyright law that protects the rights of creators and underpins millions of American jobs” on a supposedly “massive scale.” Disney and other studios also objected to tools that could reproduce Marvel and Star Wars figures without permission, The News reported. The MOU then announced on Monday that it has created a structure covering ByteDance’s generative products, reaching users through TikTok, its separate U.S. TikTok app, CapCut, and Dreamina. The MPA did not release the details of the specific barriers and deterrents in the deal to the public, the Los Angeles Times reported. Both companies have, however, pointed to newer releases as evidence that these safeguards have been initiated, with ByteDance claiming both Seedance 2.5 and Seedream 5.0 Pro, shipped last month, carry stronger IP protections. “Today’s agreement illustrates our belief that copyright is a cornerstone of the film and television industry,” MPA Chairman and CEO Charles Rivkin said in a statement. He also added that the deal “reflects our shared determination to continue our work together to further fortify those guardrails.” ByteDance general counsel John Rogovin said the company “respects the intellectual property rights that underpin creative industries around the world” and said the MOU was “an important framework for continued collaboration as the technology evolves.” ByteDance is not the first AI company the MPA has pressured into concessions on its AI product. The association had initially gone after OpenAI’s Sora before the firm added limits, according to Variety, with OpenAI eventually shutting Sora down earlier this year after a similar wave of unauthorized character videos. However, instead of fully retreating and shutting down its products, ByteDance is taking a different path, pouring more funds into Seedance, which is reportedly one of the most advanced video models available, alongside Google’s offerings. The Los Angeles Times reported that Seedance has gained ground with independent filmmakers who find it cheaper than rival tools, a development that gives ByteDance a commercial reason to keep the studios afloat instead of completely disengaging from the market. The post ByteDance inks first AI copyright deal with Hollywood’s MPA first appeared on Coinfea.
Unitree Unveils Superman Robot, Beats Usain Bolt’s Speed Days Before IPO
Unitree Robotics revealed its ‘Superman’ humanoid robot on Monday, with a reported top running speed of 12.66 meters per second and a two-meter standing jump, beating every human on record. The reveal comes only two days before Unitree starts publicly trading in Shanghai, after one of the most oversubscribed tech listings the market has seen. Superman cleared a two-meter standing high jump on legs measuring 0.85 meters, and hit 12.66 m/s, which is equal to 45.6 km/h in speed. The human marks the robot beat for the respective actions are a 1.8-meter standing jump and a 12.4 m/s sprint. Usain Bolt reached a max speed of 12.42 m/s during his 2009 world-record race, meaning the ‘Superman” robot is faster than the world’s fastest man ever managed, if Unitree’s figures hold. Unitree Robotics’ Superman robot hits record top speed The robotics company has, however, not released any independent verification for these figures, with the numbers all coming from a company video and not an independently measured event. Unitree also stated that its engineers built the robot in a little over three months, and that the humanoid robot’s current hardware leaves plenty of room for improvement. The company’s founder, Wang Xingxing, hinted at the possibility back in March at the Yabuli China Entrepreneurs Forum. He predicted that humanoid machines would break human sprint limits by mid-2026, referring to cheaper parts and better algorithms as the reason for such a possibility. The robotics company had introduced the As2W some weeks before, a wheeled quadruped robot built for cargo. The As2W weighs 25 kilograms, can carry a recorded max load of 180 kilograms, and can move a cargo of up to 16 kilograms continuously. Unitree priced its coming IPO listing at 150.8 yuan and raised about 6.1 billion yuan, almost $905 million, in a deal that places the company’s valuation at about $9 billion. The IPO was oversubscribed by over 5000 times, and the company raked in 45% more than the 4.2 billion yuan it had initially targeted. Real revenue also adds to the valuation, as sales hit 1.7 billion yuan last year, more than four times the 2024 figure, with net profit of 591 million yuan. Unitree sold over 5,500 humanoid units across all its G1, H1, and R1 units in 2025, with most of these going to research labs and entertainment buyers instead of factories and manufacturers. The post Unitree unveils Superman robot, beats Usain Bolt’s speed days before IPO first appeared on Coinfea.
美国总统唐纳德·特朗普预计将于周三在白宫接待加密公司和预测市场企业,双方将就监管进行闭门会谈;现场预计会有多位业界重要人士。唐纳德·特朗普预计将在此次聚会上发言,而美国商品期货交易委员会(CFTC)主席迈克·塞利(Mike Selig)也计划向参会者致辞。 预计将参与的公司包括Coinbase、a16z、Ripple、Chainlink、Kalshi、Paradigm以及Digital Chamber。Paradigm是Kalshi的投资者之一。负责特朗普数字资产总统顾问委员会的Patrick Witt也预计将出席。白宫会议将于周四美国商品期货交易委员会(CFTC)召开其新成立的、由35名成员组成的创新咨询委员会首次会议前一天举行。此前,美国财政部下属的货币监理署(Office of the Comptroller of the Currency)已就与World Liberty Financial相关的一家国家信托银行申请,授予有条件的初步批准;World Liberty Financial是特朗普与其家族成员共同推出的加密业务。
灰度研究负责人扎克·潘德尔将以太坊的发行情况与最小国家的财政进行对比。 在一条标注为“关于 $ETH 发行的准头脑风暴(Quasi brainstorm on $ETH issuance)”的 X 帖子中,潘德尔将以太坊描述为一个通过新创建的 ETH 来为安全提供资金,而不是通过征税的系统。 潘德尔表示,以太坊“类似于一个最小的国家形态”,其主要责任只有一项:保护财产权并促进价值交换。他补充说,“以太坊不会通过征税来为政府服务提供资金”,从而强调网络安全的融资方式。
Apple Opens Houston Plant Amid Plans to Build First US-made Mac Mini
Apple opened a training center in its new Houston factory on Wednesday. According to reports, the site will begin assembling Mac mini computers by the end of 2026. The factory has been shipping AI servers for months, with Apple making its production methods available free of charge to small manufacturers. It took Apple less than nine months to go from picking the Houston site to running a working plant. “In less than nine months, we have invested hundreds of millions of dollars into this Houston facility. “We stood up a factory, started production, and shipped the first advanced AI servers off the line,” said Apple’s chief executive, Tim Cook. During Apple’s August 13 announcement, he said the production of the Mac mini will begin “later this year.” Apple set to build first US-made Mac mini at the new site The new site is called the Advanced Manufacturing Center. It occupies 20,000 square feet of the Houston plant. It provides free sessions to small and medium-sized businesses on the techniques Apple uses in its own lines, from machine-learning quality checks to sophisticated automation. Apple designed the curriculum to emphasize hands-on work. On opening day, the first group of business leaders assembled and laser-etched a product themselves, working with a holographic table and factory-floor equipment. Sessions will cover printed circuit board design and final-assembly principles. Apple says it will open the center to local college students in the future. It is the company’s second such facility, following the Apple Manufacturing Academy that debuted in Detroit in August 2025 and has since trained close to 1,000 workers and entrepreneurs. As Cryptopolitan reported at the time, Apple announced last September that it would spend $600 billion on US manufacturing over four years, which includes about 79 factories. That pledge also included a $2.5 billion expansion of Apple’s glass partnership with Corning in Kentucky and chip work with Taiwan Semiconductor, Texas Instruments, and Applied Materials. Commerce Secretary Howard Lutnick, Houston Mayor John Whitmire, Senator Ted Cruz, and other officials attended the Houston opening. “This opening is an important step in Apple delivering on its promise to bring its manufacturing back to America,” Lutnick said. The company previously said firms that manufacture within the US are exempt from a 100% tariff on imported semiconductors. Apple has promised to start Mac mini production in Houston in 2026 but has not disclosed a shipping date, unit target, or price for a US-assembled model. The post Apple opens Houston plant amid plans to build first US-made Mac mini first appeared on Coinfea.
A South Korean court has sentenced Delio’s chief executive Jeong Sang-ho to 15 years in prison for virtual-asset deposit fraud. The sentencing comes roughly three years and two months after Delio abruptly froze customer withdrawals in June 2023. The 11th Criminal Division of the Seoul Southern District Court, with Presiding Judge Jang Chan on the bench, has sentenced Delio’s chief executive, Jeong Sang-ho, to 15 years in prison, even though prosecutors originally sought 20 years. Delio accepted Bitcoin and Ethereum deposits and paid interest, advertising guaranteed annual returns of around 10% and branding itself as a “crypto bank.” The court found that the marketing was dishonest about the product’s safety. South Korean court slams Jeong with a 15-year term Delio assured its depositors that it earned money through arbitrage and coin-collateralized lending while hiding early business deficits and operating losses. The South Korean court also found Jeong submitted falsified loan records worth 2 billion won to siphon roughly 1 billion won from an investment fund, and that he inflated the firm’s coin holdings by 47.6 billion won in an audit report used to complete its virtual-asset business registration. Jeong was convicted under the Act on Aggravated Punishment of Specific Economic Crimes, among other charges. He was accused of defrauding around 2,800 South Korean customers of roughly 250 billion won ($175 million) when he was indicted by prosecutors without detention in April 2024. However, the court only convicted him of taking about 70 billion won from 1,078 victims. That gap is due to an evidence dispute between Jeong’s side and the prosecutors. Jeong’s lawyers argued at last month’s final hearing that the prosecution’s search and seizure had been unlawful, and the court agreed the investigators’ search was flawed, noting that investigators handed Delio no seizure list even though the company owned the server database in question. It ruled the seized electronic data and any evidence derived from it inadmissible. Despite the reduced amount, Jeong’s crime was described as severe. Many South Korean residents had reportedly petitioned for a heavy sentence and faulted him for consistently trying to push blame onto other companies. Cryptopolitan recently reported that South Korean lawmakers cleared a rule change that gets rid of the 1 million won reporting threshold for crypto transfers and adds financial-health tests for exchange operators. Registration provisions take effect August 20, while the expanded Travel Rule follows in February 2027. From August 20, controlling shareholders of virtual-asset service providers (VASP) will face a new vetting system based on legal history, finances and social standing. Operators will be required to keep enough anti-money-laundering staff and give 30 days’ notice before ownership changes. New entrants must hold a debt-to-equity ratio at or below 200%. The Financial Supervisory Service (FSS) also said it plans an on-site visit to Bithumb after altcoin withdrawals at the exchange were delayed for more than 13 hours. The post South Korean court sentences Delio CEO to prison first appeared on Coinfea.
Monaco Submits Proposal to Align With EU’s MiCA Regime
Monaco is making an attempt to scrap the Principality’s 2022 crypto law and rebuild its rules for crypto-asset service providers around the European Union’s Markets in Crypto-Assets Regulation (MiCA). The government filed Bill No. 1131 in early August, and if approved, it would change the licensing requirements for firms that offer crypto services, while the regulators will receive wider powers. Monaco has filed Bill No. 1131, which would repeal the 2022 law that split crypto and digital-asset work into issuance and operational services cleared by the State Minister, and crypto-linked investment services authorized by the Commission de Contrôle des Activités Financières (CCAF). Under the 2022 law, providers were forced to register a company inside Monaco, and foreign firms were banned from cold-marketing to residents. Monaco wants to join EU’s MiCA regime The proposed change would require any firm wanting to offer crypto-asset services to gain clearance from the CCAF, but before that, the firm would have been reviewed by the Autorité Monégasque de Sécurité Financière and the Agence Monégasque de Sécurité Numérique. The bill lists exactly which crypto services are allowed in Monaco and sets clear rules for how companies must run their operations, manage risks, and behave professionally. It also gives the CCAF more power to oversee and penalize firms, which the government says will help stop money laundering and other financial crimes. Blockchain intelligence firm TRM Labs found that firms that have not been authorized by MiCA are far more likely to carry a high or severe risk rating. Monaco has sat on the Financial Action Task Force (FATF) grey list since the summer of 2024, and was added to the European Commission’s list of high-risk money-laundering jurisdictions more than a year ago. The country’s alignment with MiCA is in the hope that it gets taken off these lists, as designations like this can result in slow international transactions, raised compliance costs and even increased borrowing costs for local businesses. However, only 281 of 1,343 crypto service providers operating across the European Economic Area have secured MiCA authorization. The post Monaco submits proposal to align with EU’s MiCA regime first appeared on Coinfea.