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SEC pauses Nasdaq Bitcoin options after CME challenge
The U.S. Securities and Exchange Commission has temporarily halted Nasdaq’s planned launch of Bitcoin options contracts, following a formal complaint filed by derivatives marketplace operator CME Group. CME Group reportedly argued that Nasdaq’s proposal could disrupt the existing Bitcoin futures and options ecosystem, questioning whether Nasdaq’s product complied with current regulatory standards and market integrity requirements. The SEC will review the submissions before issuing a final decision, which could influence competitive dynamics between major exchanges and shape how new cryptocurrency derivatives reach institutional and retail investors.
Read Original Source ↗Bitget exits Japan closes positions by Dec 31
Crypto exchange Bitget will end trading services for Japan residents, having already stopped new user registrations. The company will forcibly close all remaining positions and suspend card services on December 31, while withdrawals remain possible. Bitget says the move reflects efforts to comply with Japanese regulations governing unregistered foreign trading platforms. The exchange, ranked fifth by CoinGecko, recently put some accounts into close-only mode, blocking new spot, futures, copy trading and bot activity. Japan has reclassified cryptocurrencies as financial instruments and is preparing stricter rules, including fines and potential prison for unlicensed operations. Bitget’s exit underscores Japan’s tough stance and may pressure other offshore exchanges serving local users.
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