ChainCatcher news, Andre Cronje, co-founder of Sonic Labs (formerly Fantom), shared on the X platform that despite adhering to all regulations, he has been in tough discussions with regulators, including the U.S. Securities and Exchange Commission (SEC), for nearly two years.He also pointed out that user preferences have changed, and now many people prefer teams and products over immutable code. Cronje concluded that builders face a tough choice: either commit to decentralization and immutability, risking blame, regulatory hurdles, and lack of returns; or accept corporatization, licensing, and controlled improvements to ensure continuous progress.

ChainCatcher news, the BSC ecosystem RWA project TopGoal announced a strategic partnership with the American blockchain platform Plume Network to jointly promote globally compliant football RWA applications.Plume Network will provide TopGoal with innovative blockchain infrastructure to ensure that the tokenization of real-world assets (such as future income and image rights) for football players complies with global regulatory standards, laying the foundation for the expansion of the RWA market.For example, Plume's blockchain technology solutions will provide secure and efficient tokenization transaction support for TopGoal's flagship platform TOPMARKET, further enhancing the transparency and liquidity of the TOPMARKET platform.

ChainCatcher news, Norway's sovereign wealth fund's ethical oversight body will investigate companies in the fund's portfolio (including those in the cryptocurrency sector) next year to determine if there are any ethical violations. If issues are confirmed, the fund may choose to divest from these entities.The Government Pension Fund Global is the largest sovereign wealth fund in the world, managing assets worth $1.8 trillion. The fund was established to manage surplus revenues from the oil and gas industry, aiming to ensure financial stability for future generations through diversified global investments.The agency reviewed an ethical committee document sent to the Ministry of Finance on October 10. The document indicated that in 2025, the ethical committee will investigate companies involved in cryptocurrencies and gambling due to their high money laundering risks.It is reported that the fund has increased its cryptocurrency investments, purchasing a 0.83% stake in Coinbase, valued at $453 million. It has also acquired shares in Marathon Strategy, Block, and Marathon Digital.

ChainCatcher news, according to The Block, Zodia Custody has partnered with the tokenization platform Securitize to provide regulatory-compliant custody services covering tokenized assets, including BlackRock's BUIDL fund.Zodia Custody CEO Julian Sawyer stated that the growth of BUIDL demonstrates the potential of tokenized assets for institutional investment. Securitize CEO Carlos Domingo added that this collaboration connects traditional finance with blockchain technology, helping institutions securely participate in the tokenized asset market. Securitize has launched fund management services to support the operational and compliance needs of tokenized assets.

ChainCatcher news, according to Cointelegraph, Timestamp has announced the launch of a crowdfunding platform in the United States specifically aimed at Bitcoin startups, designed to connect crypto projects with new funding channels.According to the company, investors will receive ownership shares in the supported companies, similar to traditional equity investments. Timestamp CEO Arman Meguerian stated, "This structure provides investors with real equity while ensuring complete regulatory compliance." Projects can initially "soft launch" through activity pages to generate early interest. Once the legal paperwork is completed, they can be fully publicly launched.Crowdfunding, especially involving stock issuance, is regulated by the U.S. SEC. According to public records, Timestamp has been registered with the agency since October 2023. Meguerian stated, "As a U.S. platform registered with the SEC and the Financial Industry Regulatory Authority (FINRA), we operate within a clear regulatory framework while providing founders with access to a global network of Bitcoin investors."

ChainCatcher news, according to official sources, Binance has announced a new batch of executives for its compliance team, including:Former PayPal executive Todd McElduff as Director of Corporate Compliance;Former Kraken Head of Risk and Compliance and UK Chief Compliance Officer Lana Sinelnikova as Director of Business Compliance and Enterprise-Wide Risk Assessment (EWRA);Former cryptocurrency professional investigator and trainer Céline Inial as Special Investigation Expert for the French market;Caner Akyürek, who held senior positions at Europol, as Special Investigation Expert for Turkey;Former HSBC Hong Kong Wealth and Private Banking Senior Compliance Manager Pauline Chan as Regulatory Audit and Examination Compliance Expert for Binance's Global Audit Issues Management Team.

ChainCatcher news, according to CoinDesk, Binance stated in its latest announcement that it expects its full-time compliance team to reach 645 people by the end of 2024, a 34% increase from November last year. Including contractors, there are currently over 1,000 employees focused on compliance work.Binance's Chief Compliance Officer Noah Perlman stated that the crypto industry has entered a new stage of maturity, where regulatory compliance has become a fundamental standard for user experience and protection, business success, and responsible growth. The latest compliance talents include former PayPal Global Financial Crimes Compliance Head Todd McElduff, as well as special investigation experts Céline Inial and Caner Akyürek from law enforcement agencies in France and Turkey, with nearly 20 years of experience. In 2023, Binance's compliance spending increased by 36% year-on-year.

ChainCatcher news, according to Jinshi reports, the Trump team is considering listing Robinhood's Chief Legal and Compliance Officer Dan Gallagher as a candidate for the Chairman of the U.S. Securities and Exchange Commission.

ChainCatcher news, according to Finance Feeds, 1inch announced the appointment of Hedi Navazan as the new Chief Compliance Officer of 1inch Group. In this new role, Hedi will be responsible for managing a joint legal, security, and compliance team to address the rapidly changing regulatory environment.It is reported that Hedi has extensive experience in a cross-continental career in traditional finance and banking, having worked at global institutions such as HSBC, managing financial crime and regulatory teams across Europe. She also served as the Vice Chair of the Digital Assets Working Group of the Global Coalition to Fight Financial Crime established by the World Economic Forum.

ChainCatcher news, DEX aggregator 1inch has announced the appointment of Hedi Navazan as the new Chief Compliance Officer. Hedi will oversee a joint team of legal, security, and compliance to address the rapidly evolving regulatory environment.Hedi previously served as the vice-chair of the Digital Assets Working Group of the Global Coalition to Fight Financial Crime, which was established by the World Economic Forum.

ChainCatcher news, OpenAI has hired former Uber executive Scott Schools as its first Chief Compliance Officer to support the startup's efforts to adapt to emerging global regulations surrounding artificial intelligence. Schools' most recent position was Chief Ethics and Compliance Officer at Uber, and he previously served as Deputy Attorney General of the United States. This hiring comes as regulators on both sides of the Atlantic weigh policies regarding OpenAI and other companies' cutting-edge artificial intelligence models.

ChainCatcher news, according to market news, Polymarket will impose restrictions on U.S. users and conduct compliance checks on high-stakes bettors.

ChainCatcher news, Coinbase has submitted two new Freedom of Information Act (FOIA) requests to seek clarity on U.S. cryptocurrency regulation. The new requests are directed at the Federal Deposit Insurance Corporation (FDIC) and were submitted by History Associates Incorporated on behalf of the exchange.Coinbase's Chief Legal Officer Paul Grewal stated that one of the requests aims to clarify the alleged 15% deposit limit imposed on digital asset companies. The request claims that the 15% deposit limit is implemented on banks such as Signature Bank, Customers Bank, Cross River Bank, Western Alliance Bank, and Silvergate Bank.The requested documents include interactions between FDIC board members, staff, deposit institutions, and officials from the Federal Reserve and the Office of the Comptroller of the Currency (OCC) since June 1, 2022.

ChainCatcher news, asset management company VanEck announced that its Solana exchange-traded note (ETN) launched in Europe has now enabled staking functionality. The staking method adopted by VanEck is fully non-custodial, meaning that the custodian of the ETN assets always has complete control over the staked assets, with no lending risk involved.Investors in the Solana ETN do not need to take any action; if rewards are distributed, they will be credited to the ETN's token holdings. Regardless of whether the custodian purchased the ETN last year or just last week, the total staking rewards earned during the last period will be distributed equally (after deducting a 25% staking fee).

ChainCatcher news, according to CoinDesk, Arkham Intelligence data shows that Tesla has transferred its Bitcoin reserves for the first time in over two years, causing some Bitcoin traders to panic. CryptoQuant community analyst Maartunn speculates that Tesla's transfer of BTC may have several reasons:Compliance or internal audit: Tesla may transfer Bitcoin to fulfill accounting or legal obligations related to reporting or internal audits;Wallet management: Tesla may use multiple wallets for operational purposes, although this seems unlikely;Restructuring funds: Restructuring Bitcoin holdings as part of a strategy to prepare for future sales or loans.

ChainCatcher news, Bitcoin Ordinals browser Ord.io posted on social media X that there are rumors indicating that insiders at Coinbase have revealed that the exchange is conducting an internal security audit and regulatory compliance assessment of the Runes protocol. These claims have not yet been independently verified.

ChainCatcher news, Telegram is establishing a local office in Kazakhstan to improve compliance and communication with regulators.The Ministry of Digital Development, Innovation and Aerospace Industry of Kazakhstan announced on October 14 that Telegram has agreed to appoint a local representative and open an office in the Republic of Kazakhstan. According to Minister Zhaslan Madiyev, Telegram's entity in Kazakhstan will be "an important step in strengthening control over the content of the messaging platform."

ChainCatcher news, according to Bitcoin.com, the South African Revenue Service (SARS) has announced the inclusion of crypto assets in its compliance program. The revenue service is seeking information about crypto users from the Financial Sector Conduct Authority (FSCA) and crypto asset service providers.SARS recently stated that it felt it necessary to take this step after noticing that taxpayers were not declaring crypto assets and transactions on their tax returns. According to the statement, South African law requires SARS to account for all income and assets, including cryptocurrencies.In its latest comments on the issue, SARS stated that it is working to simplify compliance for taxpayers and traders. Meanwhile, tax officials emphasized the consequences of intentional tax evasion. To achieve this goal, SARS stated that it has strengthened its audit team and adopted the latest technology.