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OKX launches crypto trading platform and wallet in Belgium

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OKX, one of the world’s leading cryptocurrency exchanges, has officially resumed services for users in Belgium after meeting the country’s regulatory requirements. The announcement, made on Nov. 21, signals the platform’s commitment to expanding its presence in Europe by aligning with local regulations. Belgian users can now access OKX’s full suite of crypto trading and financial products, marking a significant milestone in the exchange’s European growth strategy.

The resumption follows OKX’s decision in June to temporarily suspend operations in Belgium to address regulatory concerns. During this period, the platform worked to enhance its compliance framework, ensuring adherence to the Belgian Financial Services and Markets Authority (FSMA) guidelines. This move highlights the exchange’s proactive approach to navigating the increasingly stringent regulatory landscape in the European Union.

Belgium is seen as a critical market for OKX due to the country’s growing interest in digital assets and blockchain technology. By re-entering the market, OKX aims to tap into Belgium’s expanding crypto user base while reinforcing its reputation as a regulatory-compliant exchange. The development also coincides with the implementation of the EU’s Markets in Crypto-Assets (MiCA) framework, which is expected to create a standardized regulatory environment across member states.

OKX’s renewed presence in Belgium reflects the broader trend of global exchanges prioritizing compliance to maintain access to key markets. As European regulators tighten oversight, exchanges like OKX are adapting to ensure sustained growth and trust among users. The successful relaunch in Belgium sets a precedent for further regional expansion and demonstrates the importance of regulatory alignment in the evolving crypto landscape.

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US lawmakers advance anti-CBDC bill

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U.S. lawmakers have voted to advance a bill aimed at blocking the Federal Reserve from issuing a central bank digital currency (CBDC), marking a major step in the political pushback against the development of a digital dollar.

The bill, which passed through the House Financial Services Committee, would prohibit the Fed from directly offering accounts or issuing a CBDC to individuals, citing concerns over surveillance, privacy, and government overreach.

Supporters of the legislation argue that a digital dollar could pose significant risks to civil liberties, enabling real-time tracking of consumer transactions and expanding federal control over personal finances. They view the bill as a safeguard against what they describe as a “surveillance-style” monetary system.

Opponents of the bill, however, argue that restricting CBDC development could hinder U.S. innovation and global competitiveness in the evolving digital financial landscape.

The legislation now moves closer to a potential floor vote in Congress. Its progress underscores growing ideological divisions over the future of money in the United States, with CBDCs emerging as a new front in the broader debate over digital governance, financial freedom, and the role of government in the digital age.

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Gemini to open Miami office after judge stays SEC case

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Crypto exchange Gemini has opened a new office in Miami, reinforcing its commitment to expanding operations despite pausing its plans for an initial public offering (IPO) amid a continuing legal battle with the U.S. Securities and Exchange Commission (SEC).

The Miami office signals the company’s long-term vision for growth in key U.S. markets, even as regulatory uncertainty clouds the broader crypto landscape. The expansion comes at a time when Gemini is facing heightened scrutiny from the SEC over its Earn program, which the regulator alleges involved unregistered securities.

While the IPO remains on hold, Gemini continues to strengthen its infrastructure and team, focusing on user growth, compliance, and regional outreach. The Miami hub is expected to play a strategic role in those efforts, leveraging the city’s growing status as a U.S. crypto hotspot.

Co-founders Cameron and Tyler Winklevoss remain vocal about the need for clear regulatory frameworks and have emphasized that Gemini will continue to fight for fair treatment while building responsibly in the U.S. and abroad.

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Coinbase Institutional files for XRP futures trading with CFTC

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Coinbase Institutional has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to offer XRP futures trading, marking a significant move toward expanding institutional access to Ripple’s native token.

The filing, submitted through Coinbase Derivatives, signals the exchange’s intent to list XRP futures contracts in a regulated environment. If approved, it would allow institutional investors to gain exposure to XRP through derivative products, a key step in broadening the token’s presence in traditional financial markets.

This development comes amid a gradually improving regulatory climate for XRP, following a partial legal victory for Ripple in its ongoing case with the U.S. Securities and Exchange Commission (SEC). The outcome gave XRP a degree of legal clarity, opening the door for exchanges and financial institutions to re-engage with the asset.

Coinbase’s push to expand its derivatives offerings also aligns with its strategy to build a more robust institutional platform. Approval from the CFTC would position the exchange to capitalize on growing demand for regulated crypto investment vehicles.

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