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According to The Economic Times, the Financial Intelligence Unit (FIU) under the Indian Ministry of Finance has requested domestic cryptocurrency exchanges and platforms to stop offering anonymous enhanced cryptocurrencies (ACE), prohibiting the deposit or withdrawal of related tokens, and categorizing them as "unacceptable assets" under the risk mitigation framework.The FIU also warned that using tools like "tumblers" and "mixers" to mix coins, as well as transferring to self-custody wallets, could allow funds from sanctioned or blacklisted addresses to flow into the system, making them difficult to trace. Platforms are required to collect data related to non-custodial wallets and assess whether to set limits on such transfers.

Korean cryptocurrency exchange Korbit announced that it will accept a nearly $2 million fine and an official warning from the Financial Intelligence Unit (FIU) without filing an appeal. The FIU conducted anti-money laundering on-site inspections of all fiat exchanges in South Korea in October 2024, discovering approximately 22,000 violations at Korbit, including 12,800 instances of accepting vague or unclear identification documents, as well as allowing users to trade without completing KYC verification.Korbit stated, "We respect and humbly accept the FIU's decision to ensure the transparency and healthy development of the cryptocurrency market, and we have completed all corrective measures." As the first cryptocurrency exchange in South Korea, Korbit's market share has now shrunk to 0.5%, with an average daily trading volume of only about $12 million. Securities giant Mirae Asset is advancing an acquisition deal, with amounts ranging from $68 million to $95 million.

According to the announcement from the Financial Intelligence Unit (FIU) of South Korea, in response to the cryptocurrency exchange Korbit's violation of anti-money laundering (AML) obligations under the Specific Financial Information Act, the FIU has decided to impose an "institutional warning" and a fine of 2.73 billion KRW (approximately 1.88 million USD) on it. Additionally, the FIU has issued a "notice" sanction to its representative office and a "condemnation" sanction to the head of anti-money laundering reporting.The sanctions involve three major violations identified by the FIU during an on-site inspection of Korbit from October 16 to October 29, 2024: Korbit had approximately 22,000 cases of customer due diligence (CDD) and transaction restriction violations, including accepting ambiguous identification documents, allowing transactions with incomplete customer information, and failing to fulfill customer re-confirmation obligations periodically; conducted 19 asset transfer transactions with three undeclared overseas virtual asset service providers; and failed to perform the required money laundering risk assessment obligations before launching 655 new assets, including NFTs.

According to Businesswire, Nasdaq-listed digital financial technology company SoFi Technologies announced the launch of the fully reserved dollar stablecoin SoFiUSD, which is issued by the OCC-regulated deposit institution SoFi Bank, N.A., fully backed at a 1:1 cash ratio and redeemable immediately.The report states that SoFi's stablecoin infrastructure will enable banks, fintech companies, and corporate partners to leverage SoFi's regulatory, operational, and reserve framework to issue white-label stablecoins or integrate SoFiUSD into their settlement processes.

According to The Block, SoFi Bank has launched the dollar stablecoin SoFiUSD (1:1 cash reserve), claiming to be the first national bank in the U.S. to issue a stablecoin on a public blockchain.SoFiUSD is now live on Ethereum, providing near-instant, low-cost settlement 24/7 for banks, fintechs, and corporate partners, with plans to open it up to SoFi users. SoFi stated that cash reserves can be held in Federal Reserve accounts, shared profits, and support partner white-label issuance or direct access to settlement and payment processes. This stablecoin will also be used for card networks, retail settlements, SoFi Pay cross-border remittances, and POS payments. This year, several institutions are advancing stablecoins, including KlarnaUSD, Western Union's USDPT, and Stripe's USDB.

According to market news, South Korean financial authorities are expected to impose sanctions on the country's cryptocurrency exchanges for violations of anti-money laundering obligations. After completing the penalties against Dunamu (the operator of Upbit), the FIU plans to take action sequentially against other exchanges such as Korbit, Gopax, Bithumb, and Coinone.Since last year, the Financial Supervisory Service has completed on-site inspections of the aforementioned exchanges and is currently in the legal review and sanction deliberation stage. The FIU will process cases in the order of inspection completion, but due to Bithumb needing a re-examination, its processing order may be delayed. The market expects the sanctions imposed on each exchange to be relatively similar in intensity. Previously, the FIU had warned the head of Dunamu in February this year and imposed a three-month suspension on new customer deposits and withdrawals; subsequently, on November 6, a fine of 35.2 billion won was imposed. Other exchanges are also expected to face fines in the hundreds of billions of won, with specific amounts determined based on the circumstances of the violations. Due to the large volume of pending cases, the FIU expects it will be difficult to complete all procedures within this year, and most sanctions may be implemented in the first half of next year.

ChainCatcher message, according to the official announcement, Binance Futures will automatically liquidate HIFI USDT and BAKE USDT U-margined perpetual contracts on October 3, 2025, at 17:00, and the aforementioned trading pairs will be delisted after the liquidation is complete.Starting from October 3, 2025, at 16:30, users will not be able to open new positions in the above contracts. It is recommended that users close their positions before trading stops to avoid automatic liquidation.

ChainCatcher news, according to South Korean lawmaker Jin Seong-jun citing data from the Financial Intelligence Unit (FIU), from January to August this year, South Korean virtual asset service providers submitted a total of 36,684 suspicious transaction reports (STRs), surpassing the total of 35,734 reports from the past two years.According to the current Specific Financial Information Act, virtual asset service providers in South Korea are required to report transactions suspected of money laundering to the FIU. Additionally, the Customs Service disclosed that in May this year, a case was uncovered involving an underground exchanger illegally transferring approximately 57.1 billion won using the stablecoin USDT across borders.

ChainCatcher news, according to Businesswire, the stablecoin development organization DiversiFi Foundation announced the launch of the "Diverse Stablecoin" DFiUSD, which is anchored by a basket of stablecoins and alternative assets pegged to the US dollar, with 60% being stablecoins (including USDC, DAI, etc.) and 40% being alternative assets pegged to the US dollar.It is reported that compared to traditional single stablecoin strategies, this model can reduce volatility by 60% to 90%.

ChainCatcher message, the Binance futures platform will launch the WLFIUSDC perpetual contract on September 8, 2025, at 16:30, with a maximum leverage of up to 75 times. The underlying asset of this contract is World Liberty Financial (WLFI), and users can use various assets as margin for trading.

ChainCatcher message, Bybit will launch the WLFIUSDT perpetual contract on August 23, 2025, at 10:15. Users can trade on the pre-market trading platform.

ChainCatcher message, Binance will launch WLFIUSDT perpetual contract pre-trading on August 23, 2025, at 16:30, with a maximum leverage of up to 5 times. Users can trade using USDT, and the contract will support multi-asset mode, with funding fees settled every four hours.

ChainCatcher message, Binance will update the leverage and margin tiers for the MEMEFIUSDT U-based perpetual contract on August 11, 2025, at 11:00. Current user positions will be affected, and it is recommended to adjust in a timely manner. For specific adjustment information, please check the announcement.

ChainCatcher news, according to the official announcement, Binance Futures will automatically liquidate the DEFIUSDT and MEMEFI U-denominated perpetual contracts on August 11, 2025, at 17:00 (UTC+8), and will delist the aforementioned U-denominated perpetual contract trading pairs after the liquidation is completed.

ChainCatcher news, according to Catenaa, American fintech giant Fiserv has announced plans to collaborate with PayPal and Circle to launch a dollar-backed stablecoin FIUSD. The stablecoin is expected to be launched by the end of this year, initially operating on the Solana blockchain and integrated with Fiserv's Finxact core banking platform. FIUSD aims to facilitate payment settlements, remittances, and invoice reconciliation using tokenized dollars.Fiserv emphasizes that FIUSD will operate in compatibility with other stablecoins, potentially attracting more partners and promoting broader adoption. The company is also exploring deposit tokens that allow banks to offer digital payment solutions while retaining regulatory protections and traditional capital advantages.

ChainCatcher news, according to the official announcement, Binance Futures will launch the MEMEFIUSDT perpetual contract (up to 50x leverage) on April 25 at 15:15 (Beijing time), and the FISUSDT perpetual contract (up to 75x leverage) at 15:30.

ChainCatcher news, the Seoul Administrative Court in South Korea has temporarily suspended the Financial Intelligence Unit (FIU)'s "three-month partial business suspension" penalty against Dunamu, the parent company of the cryptocurrency exchange Upbit. The court has approved Dunamu's administrative lawsuit and emergency suspension application, and the penalty will only be reinstated 30 days after the main case judgment takes effect. This move means that new users of Upbit can continue to recharge and withdraw cryptocurrency assets.Previously, the FIU accused Upbit of trading with unregistered overseas exchanges without real-name verification, violating the "Special Financial Transactions Information Act."

ChainCatcher news, according to the Korea Economic TV, the Financial Intelligence Unit (FIU) under the Financial Services Commission of Korea held a "Anti-Money Laundering Trustee Meeting" to discuss regulatory plans against new types of money laundering methods such as virtual asset trading.The FIU will focus on cracking down on money laundering activities using virtual accounts and simple remittances, conducting special operations once a month to analyze suspicious transactions related to crimes such as voice phishing, pyramid schemes, and gambling targeting vulnerable groups. The Financial Supervisory Service stated that it will strengthen inspections of companies with insufficient implementation of anti-money laundering systems and promote cooperation between consumer protection departments and anti-money laundering departments.