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Crypto

BitMEX shuts down exchange services after 12 years

Global cryptocurrency exchange BitMEX has officially ended its exchange operations after about 12 years. Trading, deposits and new position openings have been blocked, leaving users able only to log in and withdraw funds. BitMEX urged users to withdraw remaining balances quickly and warned against sending funds to its addresses. Accounts leaving balances after completing KYC face an annual fee of 1 percent or $50, billed monthly. It is also tightening withdrawal security checks.

Crypto

U.S. Treasury warns financial sector after $12.7 billion in suspected crypto fraud transactions

The U.S. Treasury urged financial institutions to strengthen suspicious activity reporting and information sharing to counter crypto investment scams run by overseas fraud groups. Reports linked to such activity cited about $12.7 billion in transactions, making it a key task to trace criminal money flows. FinCEN recommended more precise reporting by banks, credit unions, crypto exchanges and brokerages and introduced a new filing keyword for potential involvement of overseas scam centres.

Crypto

U.S. Senate Republicans revise Clarity bill to bar officials from issuing or holding crypto

U.S. Senate Republicans released a final revised version of the Clarity bill to win Democratic support for a crypto market-structure measure. The 635-page text includes ethics rules accepted by President Donald Trump, protections for blockchain developers and changes to stablecoin reward provisions. It would bar federal officials from issuing, sponsoring or holding significant financial interests in digital assets and allow enforcement by state attorneys general. Violations could draw civil penalties up to $500,000.