Day: 28 November 2025

UK’s Crypto Promo Rules “Holding Back Innovation,” Says Aave Founder

Quick Breakdown  Aave founder argues the UK’s financial promotions regime is restricting crypto growth. Says overly strict rules prevent innovation and slow industry progress. Calls for more flexible policies to support responsible crypto development.   Aave founder Stani Kulechov has criticized the UK’s ‘financial promotions’ regime, warning that the country’s ...

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North Korea’s Lazarus Group Suspected in $30M Upbit Hack, Raising Security Alarms

Quick Breakdown:  South Korean authorities suspect North Korea’s Lazarus Group behind the $30.7 million (45 billion won) hack at Upbit, the nation’s largest crypto exchange.  Hackers targeted Solana-based hot wallets, using laundering tactics linked to past Lazarus attacks.  Upbit halted services, moved funds to cold storage, and committed to full ...

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IMF Warns Tokenized Markets Amplify Flash Crashes, Risking Systemic Shocks

Quick Breakdown:  The IMF released a video on tokenized markets, praising efficiency gains but warning of amplified flash crashes from instant trades and smart contract cascades.  Fragmentation across platforms threatens liquidity, prompting expected government oversight akin to past monetary shifts.  BlackRock’s BUIDL fund leads growth in tokenized Treasuries amid rising ...

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Switzerland Delays Crypto Tax Info Sharing Until 2027, Affecting Global Compliance Timeline

Quick Breakdown:  The Swiss Federal Council officially approved the implementation of the OECD’s Crypto-Asset Reporting Framework (CARF).  The new rules will require crypto service providers to begin collecting user data in 2026. The international exchange of tax information with 74 partner nations is scheduled to start in 2027, fulfilling the ...

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