TREE NEWS update: CoinDCX said users will not bear losses tied to $16 million in transfers it linked to wallets compromised in July 2025. Investigators said the addresses involved remained connected to CoinDCX’s operations, raising questions about the exchange’s account of the transfers.
TREE NEWS update: Italian police dismantled a mafia-run underground bank operating out of a car-rental firm near Milan and seized $24 million, authorities said. The operation served ‘Ndrangheta and Camorra figures, moving money abroad and into cryptocurrency. The car-rental business functioned as a secret bank for organized crime groups.
TREE NEWS update: China’s Ministry of Industry and Information Technology has drafted a decision to amend six administrative regulations, including the measures governing road motor vehicle manufacturers and product access and the provisions on new energy vehicle manufacturer and product access. The draft, prepared by the ministry’s industrial policy and regulations department, is now open for public comment. Other rules covered include telecom construction quality supervision, monitored chemicals implementation details, radio frequency licensing and amateur radio station management.
TREE NEWS update: Chinese prosecutors have applied to confiscate $5.1 billion in Bitcoin seized by UK authorities in the Qian case, with a Tianjin court set to hear the application after a six-month notice period. A parallel legal dispute over the same coins is ongoing in London.
TREE NEWS update: CoinDCX said user funds are safe and that wallet addresses and transaction data circulating on X are misleading, in a statement on Oct. 22. The Indian exchange said the activity involves old wallet addresses created in January 2025 and compromised in July 2025, after which the platform stopped using them. It said the reported on-chain activity is unrelated to its current operations and urged users to rely on official announcements.
TREE NEWS update: China’s National Development and Reform Commission said investors can continue to invest in overseas financial markets through channels including Qualified Domestic Institutional Investors, Stock Connect and Cross-boundary Wealth Management Connect, under the newly issued Overseas Investment Management Measures. The rules reaffirm that investors include domestic enterprises, other organizations and resident individuals, broadening the definition from the 2017 version, which mainly covered enterprises and non-enterprise organizations.
TREE NEWS update: The Asset Management Association of China has opened public consultation on revisions to eight of its self-regulatory valuation rules for securities investment funds, covering areas including stock valuation indices, gold ETFs, Stock Connect clearing and accounting, fund-of-funds valuation, restricted shares, credit derivatives, fixed-income instruments and private equity. Some of the revised rules also involve changes to their titles.
TREE NEWS update: South Korea’s Shinhan Card signed a memorandum of understanding with SBI VC Trade and SBI XDC Network APAC to test a yen-denominated stablecoin for in-store payments, the companies said. The agreement also covers stablecoin settlement of cross-border trade, with further details still to be announced.
TREE NEWS update: China’s National Development and Reform Commission published a new Outbound Investment Management Measures, comprising 76 articles across six chapters, to better safeguard the development and security of outbound investment. The rules take effect on December 1, 2026, replacing the 2017 Measures for the Administration of Overseas Investment by Enterprises. Investors will have decision-making autonomy over outbound investment and bear their own risks and profits, while the state supports market-based outbound investment and participation in international cooperation.
TREE NEWS update: China’s National Development and Reform Commission issued new rules for outbound investment, stating that the filing management regime applies to non-sensitive outbound investment made directly by investors, including direct asset or equity contributions and the provision of financing or guarantees. For investors that are central state-owned enterprises, the filing authority is the NDRC; for local enterprises with Chinese investment of $300 million or more, the NDRC is also the filing authority.
TREE NEWS update: China’s National Development and Reform Commission published a revised Outbound Investment Management Measures on Oct 22, replacing the 2017 rules on overseas investment by enterprises. The new regulation contains 76 articles across six chapters covering general provisions, guidance and services, supervision, protection, legal liability and supplementary rules. It takes effect on Dec 1, 2026, when the 2017 measures are simultaneously repealed.
TREE NEWS update: President Trump said at a White House cybercrime roundtable that $1.6 billion in losses had been prevented, while the Justice Department’s strike force reported $938.5 million in cryptocurrency restrained as of Oct. 15. The figures cover scam-linked crypto assets frozen as the DOJ expands its enforcement effort nationwide.
TREE NEWS reports: South Korea’s cryptocurrency bill is nearing completion, with the legislation set to establish a framework for digital assets that includes licensing regimes for exchanges and rules for stablecoin issuance. The push to finalize the bill comes as debate over crypto taxation intensifies. No date for passage was given.
TREE NEWS update: A Cambodian court has frozen nearly $1 billion in assets linked to the Prince Group case, covering buildings, casinos and thousands of properties, with 198 affiliated companies identified — 98 in Cambodia and 100 overseas. The freeze does not constitute formal confiscation, and authorities are studying legal management and disposal options, including temporary state control or eventual forfeiture, pending court rulings. Minister Chhay Sinarith said the months-long probe is examining suspected online fraud use of some affiliated buildings and casinos.
TREE NEWS update: EU policymakers reached a provisional political agreement to reform the bloc’s securitization market rules, a move expected to free up billions of euros for projects in areas including defense and climate resilience. The new framework lowers banks’ capital requirements for low-risk securitization transactions and reduces administrative burdens on market participants, allowing banks to lend more to households, businesses and infrastructure. The framework still requires finalization and formal approval.
TREE NEWS update: A Tianjin court has opened a six-month notice period in prosecutors’ bid to forfeit Qian Zhimin’s 61,896 bitcoin, one day after London’s High Court ruled that Chinese law applies to whether victims have rights in the coins. The parallel proceedings pit Chinese forfeiture efforts against UK-held bitcoin.
TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing and Vice Finance Minister Guo Tingting jointly met US Public Company Accounting Oversight Board Chairman Demetrios Logothetis in Beijing on October 14, 2026. The two sides exchanged views on continuing China-US audit regulatory cooperation and enhancing audit oversight exchanges in capital markets.
TREE NEWS update: CoinDCX co-founder Sumit Gupta denied that the exchange suffered a new hack after a $16 million wallet alert, saying the flagged addresses were compromised in July 2025 and that no funds in CoinDCX’s current wallets were affected. The July 2025 incident remains the source of the exposure.
TREE NEWS update: China’s Ministry of Commerce will study and introduce more practical policy measures in areas including law, finance and logistics to strengthen services for companies investing overseas, Zhao Chunfeng, director of the ministry’s foreign investment and economic cooperation department, said on Oct. 22. As of the end of 2025, China had 58,000 outbound direct investment enterprises in 189 countries and regions.
TREE NEWS update: China’s Commerce Ministry said it will work with countries worldwide to build international trade and economic rules for artificial intelligence, Vice Minister Jiang Chenghua told a State Council Information Office briefing. During the 15th Five-Year Plan period, China will keep backing the WTO-centered trade system and deepen bilateral and multilateral trade cooperation, he said. Beijing will also push to develop an open AI ecosystem and help set rules for emerging areas including digital and green trade.