MEXC confirms it lacks MiCA authorization as Dutch offboarding nears its end

Exchange MEXC says in an updated country restrictions guide that it is not authorized to provide crypto-asset services under the EU's MiCA rules, as it finishes closing accounts for users in the Netherlands. The guide gives Nov. 16 as the final offboarding date, later than the Oct. 31 completion date in an earlier notice, and MEXC has also said it will stop serving users in Russia and Belarus. Source: crypto.news

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12:54

Hong Kong opens 24/7 secondary trading in tokenized money market funds

Hong Kong's Securities and Futures Commission on Monday approved the first tokenized funds offered to the public for secondary trading on a licensed virtual asset platform. Two ChinaAMC (Hong Kong) money market funds, one in Hong Kong dollars and one in U.S. dollars, can now be bought and sold around the clock on Futu-owned Cheetah Trade, with primary subscriptions and redemptions as a backstop. The SFC said it will monitor trading closely before considering a wider range of products. Source: RTHK

Regulation

12:48

Strategy skips bitcoin purchases for the week, holdings stay at 848,517 BTC

Strategy reported no bitcoin acquisitions for the Oct. 19–25 period in its Monday filing, leaving its holdings unchanged at 848,517 BTC. The pause follows a 267 BTC purchase the prior week, funded mostly through share sales, alongside a $193.1 million buyback of its STRC preferred stock. The company reports quarterly results on Oct. 29. Source: The Crypto Times

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