Cointime update: The Trump administration proposed rule changes on Nov. 5 aimed at simplifying the licensing process for commercial space launches and reentries. The proposal targets the regulatory approvals required for commercial spaceflight operators. No further details on the specific rule amendments were provided.
Cointime update: The National Bank of Ukraine has refused to back the current version of the country’s crypto legalization and regulation bill, No. 10225-d, saying it lacks necessary regulatory safeguards and could threaten monetary sovereignty, financial stability and economic security. The central bank flagged unregulated foreign tokens entering the Ukrainian market and objected to letting the securities regulator decide how many crypto trading platforms may operate in the first five years. The bill would make the National Securities and Stock Market Commission the main crypto regulator and impose a 5% transition tax on existing crypto assets until end-2028.
Cointime update: The Bank of England raised interest rates for the first time in three years, while Hong Kong’s Financial Services and the Treasury Bureau said compliant international virtual asset platforms can apply for licences, with 13 platforms currently licensed. Separately, the attacker behind the CryptoBilis Ledger exploit moved about 885 ETH into Tornado Cash.
Cointime reports: SkyBridge Capital founder Anthony Scaramucci said Trump’s crypto business and meme coin issuance caused the CLARITY Act to lose Democratic support and weakened bipartisan momentum. He said the meme coins, launched before Trump took office in January 2025, were one reason the bill stalled, and cited disagreement over ethics provisions restricting officials’ crypto holdings. The Senate failed to advance the bill on Sept. 15, with a procedural motion falling 49-50, short of the 60 votes needed.
Cointime update: Malacca police arrested 13 people, including 11 Chinese men, one Chinese woman and one Taiwanese man aged 24 to 36, in a raid on a residence at Taman Kota Shahbandar on November 4. The gang allegedly used Telegram, QQ Chat and Soul to lure Chinese victims into trading on a fictitious cryptocurrency exchange with promises of romance and high returns. Police seized 12 laptops, a desktop, 26 phones and a router worth about 50,000 ringgit; the 13 are held until November 8.
Cointime update: Seoul Central District Court’s 63rd Civil Division dismissed Dunamu’s lawsuit against Bithumb over alleged copying of API documentation, rejecting all of the plaintiff’s claims and ordering Dunamu to bear the full litigation costs. Dunamu, which operates Upbit, had sought 200 million won in damages; the court did not support the claim.
Cointime update: Hong Kong’s Acting Secretary for Financial Services and the Treasury, Joseph Chan, said international virtual asset trading platforms meeting statutory and Securities and Futures Commission (SFC) requirements may apply for a license to operate in the city, with 13 platforms now licensed by the SFC. Chan said the government and SFC will soon submit a bill to the Legislative Council to bring more types of virtual asset services under the regulatory regime, and that the SFC and Invest Hong Kong are in contact with international platforms.
Cointime update: Thailand’s Securities and Exchange Commission has filed a criminal complaint against BG Limited, the operator of Bitget, for allegedly running a digital asset trading business without a license. The regulator said Bitget offered trading services and collected fees from 2022 to 2025, promoting them via a Thai-language website and social media. The Digital Economy and Society Ministry will block access to the platform from December 5, and a separate complaint targets an individual accused of helping promote it.
Cointime reports: President Donald Trump faced strong voter backlash in Tuesday’s elections, a result some Fed watchers say could reduce political pressure on Federal Reserve Chair Kevin Warsh and let him focus on controlling inflation. Since returning to office in 2024, Trump has repeatedly demanded rate cuts and sought to remove a sitting Fed governor. New Century Advisors chief economist Claudia Sahm said the Fed may not need to raise rates again if the election result pushes Trump to end the Iran conflict and drop further tariffs.
Cointime update: China’s Ministry of Industry and Information Technology has opened a public consultation on draft interim rules for managing robot product identification codes. The draft requires the ID code service platform to complete a formal review of registration information within 10 working days, registering qualified applications and notifying applicants within 5 working days if materials are incomplete or non-compliant.
Cointime update: Binance has removed all API keys associated with third-party platform SignalPlus after SignalPlus reported a potential security issue, the exchange said in a November 5 announcement. Binance said its own systems were unaffected and user funds remain safe. It advised users who have used SignalPlus to check their positions and open orders, and to rebind API keys only after SignalPlus confirms the issue is fully resolved, while enabling IP whitelisting.
Cointime reports: The US Federal Reserve and the Office of the Comptroller of the Currency have begun contacting banks to ask whether they have seen unusual activity or service disruptions, probing potential systemic security risks after a $6.3 billion hack at Binance on November 5. Several US banks are reviewing their cybersecurity systems, and one large bank is drafting an internal report on whether to upgrade safeguards. Binance said it is in close contact with global regulators. No evidence yet shows the US banking system was affected.
Cointime update: Ethereum co-founder Vitalik Buterin said crypto exchanges’ top priority over the next two years should be survival rather than competing for market advantage, warning that frequent industry hacks could prompt regulators to intervene and impose stricter operational and security obligations. He also acknowledged the continued growth of India’s developer ecosystem.
Cointime update: France’s National Assembly rejected the revenue section of the 2027 budget in a first reading on November 5 by 458 votes to 0, with 2 abstentions. Crypto-related amendments previously passed were therefore left out of the government’s original budget text sent to the Senate. The affected proposals include taxing gains from converting crypto assets into stablecoins and requiring taxpayers to declare self-custodied crypto assets worth at least €100,000. The measures could still be reintroduced in the Senate and must clear further legislative steps to become law.
Cointime update: South Korea’s Ministry of the Interior and Safety and the Personal Information Protection Commission released results of a public deliberation on AI use of personal data, with 20 of 25 discussion groups (80%) backing a “prior notice, opt-out anytime” mechanism over obtaining separate consent before each use. Support for the mechanism rose from 46.2% to 56.4% after deliberation, while backing for per-use consent fell from 47.7% to 41%. The commission plans to draft a personal information system reform plan within the year.
Cointime update: South Korea’s Deputy Prime Minister and Finance Minister Lee Hyung-il said on November 5 that the government will postpone the levy of virtual asset income tax by two years to 2029 and expand infrastructure to effectively tax overseas transactions. Lee said that after 2029, if virtual asset transaction information is obtained from the United States, authorities will have sufficient data to tax investors using US exchanges. The government will form and operate a public-private joint task force on digital asset taxation and accelerate digital asset legislation.
Cointime update: South Korea’s finance minister Lee Hyoung-il said on Nov. 5 that the government plans to postpone its crypto gains tax by two years to 2029 from 2027 and will negotiate with the National Assembly to advance legislation. The government aims to refine domestic and cross-border crypto taxation before starting tax information exchanges with the U.S. in 2029. Under the current plan, gains above 2.5 million won ($1,869) a year are taxed at 22%, and the government will study allowing losses to be carried forward for three years.
Cointime update: China’s Foreign Ministry declined to confirm reports that the National Development and Reform Commission will block SoftBank Group’s acquisition of ABB’s robotics business. Spokesperson Guo Jiakun, asked at a regular press briefing about the reported rejection, said the question should be directed to the competent Chinese authorities. SoftBank was reportedly recently informed that the NDRC would obstruct the Swiss-Swedish joint venture’s robotics unit sale.
Cointime update: China’s National Radio and Television Administration (NRTA) on the 5th reaffirmed its position on the relationship between live-action and AI-generated micro-dramas, stating it will support live-action productions while regulating AI ones. A relevant official restated the policy in Beijing, describing the administration’s stance as clear and unambiguous. No further details on specific regulatory measures were given.
Cointime update: Blockchain security firm Blockaid has received a $40 million funding commitment, following its earlier $50 million Series B round. Separately, Trump Media & Technology Group transferred 4,259 BTC, worth about $344 million, to a trading platform. The moves were among the developments reported for the morning of Nov. 5, alongside Fox News reporting that JD Vance plans to form a “new right” coalition and Bank of Japan September minutes showing hawkish calls for faster rate hikes.