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KuCoin EU Hires AML Chief After Austria MiCA Business Ban

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KuCoin EU Hires AML Chief After Austria MiCA Business Ban

KuCoin EU has appointed a new Anti-Money Laundering (AML) chief and expanded its compliance team in Vienna, weeks after Austrian regulators barred the exchange from taking on new business under Europe’s Markets in Crypto-Assets Regulation (MiCA) regime.

The MiCA-licensed entity named Carmen Kleinhans as its Anti-Money Laundering officer, alongside two deputy AML officers drawn from former Austrian regulators and bank compliance chiefs. According to a Wednesday release, the team will oversee AML, Counter-Terrorist Financing (CTF) and sanctions controls, as well as enterprise-wide risk management and regulatory engagement.

The move follows a February decision by Austria’s Financial Market Authority (FMA) to prohibit KuCoin EU from onboarding new clients or signing new contracts after finding that key AML/CTF and sanctions compliance roles were not adequately staffed, breaching internal organizational requirements.

The hires mark an effort by the exchange to address those gaps and align more closely with traditional financial services compliance expectations, as regulators increasingly focus on governance and controls rather than solely technical breaches.

Related: Thailand crypto platforms freeze 10K accounts in AML crackdown: Report

Wider regulatory pressure on KuCoin

The new staffing push also comes against a broader backdrop of rising AML and sanctions scrutiny in crypto, with regulators increasingly willing to freeze or partially suspend business over governance and staffing failures rather than just technical breaches of securities or licensing rules.

A Tuesday report by blockchain security auditor CertiK showed that KuCoin and OKX were among the exchanges hit with some of the largest AML-related penalties in 2025, highlighting how enforcement has shifted toward financial crime and controls rather than solely securities law issues.

Notable AML-Related Penalties in 2025. Source: CertiK

At a group level, KuCoin has also faced regulatory action in other jurisdictions. In January 2025, it agreed to pay nearly $300 million and exit the US market for two years in a criminal resolution over unlicensed money-transmission and AML failures, the Wall Street Journal reported at the time.

On March 30, the parent company of KuCoin agreed to pay a $500,000 civil penalty to settle a case by the US Commodity Futures Trading Commission alleging it operated an unregistered offshore commodities exchange. Earlier that same month, KuCoin received a warning from Dubai’s Virtual Assets Regulatory Authority over allegedly offering virtual asset services in the emirate without the required local licence.

Whether the hires are enough to restore normal operations under KuCoin EU’s Austrian authorization now depends on the FMA’s assessment of whether the required control functions have been fully and suitably restored.

Cointelegraph reached out to KuCoin EU for comment, but had not received a response by publication.

Magazine: How AI just dramatically sped up the quantum risk for Bitcoin

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Can Bitcoin Break the Trend of Losses From New Fed Chairs?

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Can Bitcoin Break the Trend of Losses From New Fed Chairs?

Bitcoin (BTC) may face “a few months” of downside as the new US Federal Reserve chair takes over next month.

Key points:

  • Bitcoin may follow risk assets downhill after Kevin Warsh takes over as chair of the US Federal Reserve.
  • President Donald Trump has said that he “would” be disappointed if an interest-rate cut did not occur in June.
  • Wednesday marks current Chair Jerome Powell’s last rate decision.

Bitcoin price tends to fall after new Fed chair enters

In its latest market coverage on X, crypto trading account CRYPTOWZRD warned that fresh downward BTC price pressure could return in June.

The Fed’s new chair, Kevin Warsh, is due to take over from Jerome Powell — and the stakes are high when it comes to crypto and risk-asset performance.

“Every time a new FED Chair takes over $BTC has corrected for a few months before the real fun began,” CRYPTOWZRD noted.

“Can it break the curse or a final dip?”

BTC/USD one-month chart with Fed chair appointments. Source: CRYPTOWZRD/X

History shows that a change of management at the Fed pressures stocks as well — but this year, the S&P 500 is at all-time highs as it happens.

The picture is complicated by politics. Powell avoided cutting interest rates — a would-be bullish catalyst for crypto — even as US President Donald Trump publicly shamed him for not doing so.

In an interview with CNBC last week, Trump said that he “would” be disappointed if Warsh did not cut rates at his first Federal Open Market Committee (FOMC) meeting in June. 

Powell’s last FOMC meeting is due on Wednesday, with markets unanimously seeing rates being held at current levels, per data from CME Group’s FedWatch Tool.

Fed target rate probabilities for April 29 FOMC meeting (screenshot). Source: CME Group

Warsh gives traders mixed signals on policy

Continuing, crypto market participants see potential tailwinds for Bitcoin and altcoins thanks to US macro trends.

Related: Bitcoin Bull Score hits six-month high as 2022 bear-market fears linger

The Fed has begun adding to its balance sheet this year — a form of liquidity catalyst that traditionally benefits markets.

“That’s right, the Fed has added ~$200B of US Treasuries back onto its balance sheet in the last few months,” Bitcoin Opportunity Fund partner James Lavish wrote on the day. 

“So much for tightening the money supply. QT is officially over. QE-light is in the house.”

Fed balance-sheet data. Source: James Lavish/X

In recent YouTube content, meanwhile, Charlie Bilello, chief market strategist at wealth manager Creative Planning, revealed what he called a “contradiction” in Warsh’s plans.

While “building the case” for rate cuts, he said, Warsh has been critical of the Fed keeping rates low during the post-COVID-19 inflation surge in 2021 and 2022.

“It was a ‘fatal policy error’ that was what he was saying back then, and I would agree with that,” Bilello said.

Warsh has also criticized balance-sheet expansion, raising questions over the fate of the 2026 uptrend.

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

DeFi Exploits Push Builders to Rethink Emergency Controls

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DeFi Exploits Push Builders to Rethink Emergency Controls

Andre Cronje says much of decentralized finance is “no longer DeFi” in the strict sense, as builders debate whether circuit breakers and other emergency controls are now necessary to protect users from exploits.

The Flying Tulip founder told Cointelegraph in an interview that many protocols are no longer immutable public goods, but rather “teams running for-profit businesses” with upgradeable contracts, offchain infrastructure and operational controls.

That shift changes the security model, he said. While early DeFi protocols were mostly defined by immutable smart contracts, newer systems often depend on proxy upgrades, multisigs, infrastructure providers, admin processes and human response teams, according to Cronje. 

“I think what we have today, Flying Tulip included, is no longer DeFi. It’s not decentralized finance. It’s not immutable code,” Cronje said. “It’s teams running for-profit businesses.” 

The comments come as April’s DeFi exploits pushed security narratives beyond smart contract audits and into questions of operational risk. On Thursday, Flying Tulip added a withdrawal circuit breaker designed to delay or queue withdrawals during abnormal outflows. The move follows major incidents involving decentralized exchange Drift Protocol and restaking platform Kelp, with estimated losses of about $280 million and $293 million, respectively. 

Flying Tulip’s Andre Cronje (left) and Cointelegraph’s Ezra Reguerra (right). Source: Cointelegraph

DeFi risks move beyond smart contracts

Cronje said the industry focuses on audits when many systems can be changed by developers or controlled through administrative processes. 

“The focus over all of the industry is still very much so on the contract side and not sort of the more TradFi side,” Cronje told Cointelegraph, adding that many recent exploits have involved “traditional Web2 stuff” such as infrastructure access, compromises and social engineering.

He said protocols with upgradeable contracts need traditional checks and balances around who can upgrade code, who approves changes and whether there are proper timelocks and multisig controls. 

Related: Ethereum backers pledge up to 30,000 ETH to rsETH recovery after bridge incident

Curve Finance and Yield Basis founder Michael Egorov shared the view that recent incidents show the risks are increasingly tied to centralization and offchain dependencies rather than only smart contract bugs.

“The vast majority of the most recent DeFi exploits happened not due to errors in code,” Egorov told Cointelegraph. “They happened because of centralization risks — single points of failure which live off-chain.”

Egorov said Aave, Kelp and LayerZero smart contracts were not hacked in the recent rsETH incident, arguing that the compromise came from offchain infrastructure. He said DeFi protocols can be exposed to “a whole tree of risks,” with the largest risks often tied to humans rather than code. 

Circuit breakers divide DeFi builders

Cronje said Flying Tulip’s circuit breaker is not designed to permanently block withdrawals, but to create a response window when outflows exceed normal parameters. “Our circuit breaker isn’t actually designed so that we can stop or prevent anything from happening,” he said. “It’s to give us time to react.”

Flying Tulip’s system gives the team about six hours, although Cronje said smaller or less geographically distributed teams may need 12 to 24 hours, or even longer. He said the tool makes sense for contracts that hold user funds, but should be viewed as one layer among audits, distributed multisigs, timelocks and other controls.

“Security is always a layered approach,” Cronje said. “It’s never a ‘this is the one thing’ that makes you invulnerable.”

Related: Aave asks Arbitrum to send 30K ETH from Kelp exploiter to ‘DeFi United’

Egorov was more cautious. He said circuit breakers can make sense in theory, but only if they are implemented in a way that does not create a new privileged attack surface. “The circuit breakers are controlled by humans, which means they could become a potential vulnerability themselves,” Egorov told Cointelegraph. 

He warned that if emergency controls allow signers to change contract code or block withdrawals, compromised signers could turn the safeguard into a drainer or a centralized freeze mechanism. In his view, the better long-term answer is to design systems that can keep running safely without manual intervention. 

“The goal of DeFi design should be to minimize human-centric points of failure, not add to them,” Egorov said. “DeFi needs to be safe, and safety comes from decentralization.” 

Standard Chartered says Kelp episode shows DeFi resilience 

Standard Chartered framed the Kelp episode as a sign of DeFi’s growing pains rather than a fatal failure. 

In a Wednesday research note seen by Cointelegraph, the bank said the April 18 theft exposed systemic risks after the impact spread to Aave, but said the more than $300 million raised by the DeFi United coalition and structural changes such as Aave V4 and the Ethereum Economic Zone suggest the sector is developing stronger defenses. 

DeFi United site shows over $321 million raised or committed. Source: DeFi United

The bank said those upgrades could reduce reliance on bridges, which it described as a major attack vector in recent crypto hacks.

Magazine: AI-driven hacks could kill DeFi — unless projects act now

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Humanoid Bots to Start Airport Pilot in Japan

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Humanoid Bots to Start Airport Pilot in Japan

Humanoid robots are set to be put into service at Tokyo’s Haneda Airport in a pilot launched by Japan Airlines

The program is expected to get underway in May, with the objective of addressing labor shortages in ground handling operations, according to a release.

Over a two-year period, the robots will be charged with performing tasks such as loading and unloading baggage and cargo, as well as cabin cleaning.

Should these be successfully carried out, there is also the possibility that the bots will be given the opportunity to pilot ground support equipment, such as baggage carts, in the areas around aircraft.

As Japan Airlines (JAL) noted, these are tasks that constitute a significant progression beyond fixed automated tools such as robotic arms or single-function bots.

The ultimate goal, according to JAL, is to combine “cutting-edge AI technology with the unique flexibility of humanoid forms to realize a sustainable operational structure”, without necessitating major modifications to the current airport facilities.

Related:Accenture Showcases Humanoid Robot Warehouse Pilot

Videos from a demonstration staged at Haneda show one of the bots pushing a metal container on a conveyor belt and waving to a human colleague, although the belt itself appears to be controlled by a human.

The project is a tie-up between JAL subsidiary JAL Ground Service Co., and GMO AI and Robotics, which said it will use knowledge gained from its recently opened physical AI research and development hub in Shibuya, Tokyo, as the pilot progresses.

According to Asia Business Daily, the robots involved in the trial will be supplied by Chinese companies.

The first is the G1 from Unitree Robotics, which recently showcased its mobility in a YouTube video. The G1 weighs roughly 77 pounds, stands 4 feet, 3 inches tall, and offers up to 43 degrees of freedom.

It will be accompanied by the Walker E from UBTech Robotics, which is slightly bigger than the G1 and features up to 42 degrees of freedom.

The bots will be operating in a complex environment, as Haneda is one of the busiest airports in the world, ranking third globally for passenger numbers (91.7 million) in 2025.The rollout of humanoid robots in workplaces continues to gather momentum, with Accenture recently showcasing its successful introduction in a warehouse pilot in Germany, and BMW and Xiaomi deploying them in auto manufacturing facilities.

XRP Price May Rebound 50% After ETFs Add $84M in April

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XRP Price May Rebound 50% After ETFs Add $84M in April

XRP (XRP) price was up 1.2% over the last 24 hours to trade at $1.40 on Wednesday. Several market and technical factors suggest that the XRP/USD pair may climb further as long as key support levels hold.

Key takeaways:

  • Spot XRP ETFs are set to record their strongest monthly inflows since December 2025, signaling renewed institutional demand.
  • A symmetrical triangle setup sees XRP price rising roughly 53% as long as support at $1.40 holds.

Ripple CEO on XRP: “Lock in”

Ripple CEO Brad Garlinghouse is urging the XRP community to “lock in” as massive marketing campaigns take over the Las Vegas Strip ahead of the XRP Las Vegas 2026 (XRPLV26) conference. 

Related: Bitcoin, stocks risk ‘months’ of losses as Kevin Warsh Becomes Fed chair

The event, which is scheduled for Thursday and Friday will focus on the expanding XRP ecosystem, next-generation applications on the XRP Ledger and community building.

On Tuesday, OKX, a major crypto exchange, posted an image of the Las Vegas Sphere lit with the XRP logo, which Ripple CEO Brad Garlinghouse reposted with a simple directive to his followers: “Lock in.”

Source: X/OKX/Brad Garlinghouse

Ripple has heavily promoted the event with massive “Raise the Standard” XRP billboards across the Las Vegas Strip, timed with the ongoing Bitcoin 2026 conference. This has sparked renewed hype and social media buzz around the event.

However, historical patterns show Ripple/XRP events rarely trigger sustained price rallies. For instance, XRP price gained 16% over the week following Ripple’s Swell 2025. But this was followed by a 30% drop from $2.56 to $1.81 between Nov. 11 and Nov. 21 of that year.

Therefore, without major concrete announcements emerging from the stage, any upside may quickly fade amid broader market forces.

XRP ETF demand is “still alive”

XRP spot ETFs are gaining steady momentum again, with the latest inflows showing that investor demand is not just returning but holding firm at elevated levels. 

These investment products posted inflows in 11 of the last 13 days, totaling $82.42 million, according to data from SoSoValue. 

XRP ETFs have already pulled in $83.9 million in net inflows in April, marking a strong rebound from March’s $31.16 million outflow. 

This reversal makes April the “strongest monthly inflow since December 2025,” signaling a notable shift in momentum, analyst Xfinancebull said in a Monday post on X, adding:

“That does not guarantee instant price fireworks, but it absolutely tells me the bid for regulated $XRP exposure is still alive and building.”

Spot XRP ETF flows chart. Source: SoSoValue

Meanwhile, global XRP exchange-traded products (ETPs) posted inflows totaling $25 million during the week ending Friday. XRP ETPs have now recorded $148 million in net inflows so far in 2026, bringing the total assets under management (AUM) to roughly $2.6 billion.

Crypto funds net flows data. Source: CoinShares

This indicates a sustained institutional appetite for XRP products, adding to XRP’s tailwinds.

As Cointelegraph reported, exchange outflows, positive flows into whale addresses and strong ETF demand improve XRP’s chances of a sustained price recovery.

XRP price technicals put 50% rally in play

The XRP/USD pair has spent nearly three months inside a symmetrical triangle, defined by two converging trend lines. Its rebound from the lower trend line support on Wednesday now raises the odds of a move toward the upper boundary.

A daily candlestick close above the upper line of the triangle at $1.45 would open the way for a rally toward its measured target at $2.15, about 53% above the current price.

However, bulls must overcome resistance from the 100-day exponential moving average (EMA) at $1.52 and the 200-day EMA at $1.75, before reaching this target.

XRP/USD daily chart. Source: Cointelegraph/TradingView

Notably, XRP’s chances hinge on bulls defending support at $1.40, which is also the 200-week EMA and the 20-day EMA, making this a key level. A decisive break below it risks invalidating the bullish narrative altogether.

It may instead raise the odds of the price declining toward the $0.98 mark, aligning with the triangle’s bearish target.

As Cointelegraph reported, a break below the moving averages around $1.38-$1.40 could see XRP price drop toward $1.12 over the next few days.

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

CFTC Sues Wisconsin in Response to State’s Lawsuits Against Prediction Markets

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CFTC Sues Wisconsin in Response to State’s Lawsuits Against Prediction Markets

The CFTC filed suit against Wisconsin to establish its exclusive regulatory authority over prediction markets, a sector closely tied to crypto and blockchain-based derivatives.

The U.S. Commodity Futures Trading Commission (CFTC) sued Wisconsin on April 28, 2026, to reassert its exclusive jurisdiction over prediction markets. The action challenges state-level regulatory interference in a sector increasingly built on blockchain technology and crypto assets. The lawsuit underscores ongoing federal-state jurisdictional disputes over decentralized and tokenized derivatives platforms.

The CFTC’s enforcement action signals the regulator’s intent to maintain control over derivatives-adjacent products in the crypto space, potentially affecting platforms that tokenize prediction market shares or operate on decentralized protocols.

The CFTC said that its lawsuit is in response to Wisconsin filing civil suits against multiple CFTC-regulated prediction market companies — Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase — alleging violations of state law.

Sources: CFTC

This article was generated automatically by The Defiant’s AI news system from publicly available sources.

Former Google exec named as Citi CIO

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Former Google exec named as Citi CIO

US bank Citi has appointed a former Google executive as its chief information officer (CIO).

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Brian Saluzzo spent four years at Google as vice president of core develop engineering and product management.

His appointment was welcomed by Tim Ryan, head of technology and business enablement at Citi. 

“[Saluzzo] joins us from Google, bringing deep expertise building and scaling enterprise technology that helps organizations work smarter and more securely,” he wrote in a LinkedIn post. “As our CIO, he is joining at a pivotal time as we continue to optimise technology and leverage AI across the firm to deliver safe, secure, and best-in-class solutions for our clients.”

Canada Proposes Crypto ATM Ban to Tackle Scams, Money Laundering

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Canada Proposes Crypto ATM Ban to Tackle Scams, Money Laundering

The Canadian government has proposed banning Bitcoin and other crypto ATMs, arguing the machines have become a primary on-ramp for fraudsters and money launderers rather than a convenient access point for everyday users.

The government’s Spring Economic Update 2026, published on April 28, says crypto ATMs are a “primary method for scammers to defraud victims and for criminals to place their cash proceeds of crime,” and explicitly states that the government “proposes to ban crypto ATMs.”

The proposal states that Canadians will still be able to buy virtual currencies from brick-and-mortar money services businesses, but the standalone kiosks that have proliferated in malls, gas stations and corner stores would be phased out.

The move adds to a broader push by Ottawa to clamp down on what it frames as retail-facing crypto risks as fraud cases surge, while bringing more of the digital asset sector under tighter federal oversight. Authorities say the move is aimed at cutting off one of the most common channels used in scams that have increasingly targeted Canadians.

The policy is of particular note given Canada’s early role in the sector. The world’s first publicly available Bitcoin ATM went live in a Vancouver coffee shop in 2013, making Canada the birthplace of the Bitcoin ATM.

Spring Economic Update 2026. Source: Government of Canada

Since then, the country has grown into one of the most crypto-ATM-dense markets globally, a status regulators say has given it disproportionate exposure to fraud. Coin ATM Radar data estimates that Canada accounts for 10.1% of global crypto ATMs, second only to the United States.

A months-long CBC investigation and internal Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) analysis posted April 28 found that crypto ATMs have become the principal method used by domestic and foreign criminal fraudsters to extract money from Canadian scam victims and push those funds into the crypto ecosystem.

Law enforcement agencies told CBC they have seen a clear uptick in cases where victims are instructed to feed cash into these machines under the guise of paying tax debts, securing romance relationships or recovering hacked accounts.

Related: Canada revokes 47 crypto money licenses, vows to continue

Ban forms part of broader crypto regulatory push

The proposed ATM ban sits within a broader effort to tighten controls around high-risk corners of Canada’s crypto market while drawing core infrastructure more firmly into the regulatory perimeter.

Crypto ATM distribution by continents and countries. Source: Coin ATM Radar

The same Spring Economic Update bolsters a new Financial Crimes Agency and gives FINTRAC more tools to refuse or revoke registrations for non-compliant money services businesses, including crypto companies.

In parallel, Ottawa has enacted a federal stablecoin framework in Bill C-15 that makes the Bank of Canada the supervisor and requires fiat-referenced issuers to register, fully back reserves and redeem at par, with most rules kicking in after regulations are finalized ahead of an expected 2027 start date.

Lawmakers are also advancing Bill C-25 to bar cryptocurrency donations in federal politics over concerns about traceability and foreign interference, as the country adopts a regulation-first approach to target retail-facing abuse risks and pull core digital asset rails under federal oversight.

Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Bullish Invests 250 BTC in BTCFi Company Mezo

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Bullish Invests 250 BTC in BTCFi Company Mezo

The investment, worth over $19M at current prices, coincides with Mezo’s launch of Bitcoin yield vaults for institutional clients.

Bullish, the publicly listed digital asset exchange and parent company of CoinDesk, has invested 250 BTC — roughly $19 million — into Mezo, a Bitcoin DeFi-focused protocol, per a press release shared with The Defiant. The investment coincides with the launch of Mezo Prime, a new institutional yield product built in partnership with Anchorage Digital Bank.

Bullish will become the first company to use Mezo Prime with Anchorage, deploying a portion of its corporate Bitcoin treasury into the product. Anchorage is the custody provider for the vaults, per the release, and Mezo Prime is now available to Anchorage Digital Bank clients.
Mezo Prime centers on “Enclaves” — segregated Bitcoin vaults designed for institutional depositors. Bitcoin deposited into an Enclave can be locked as veBTC to earn protocol fees or used as collateral to borrow MUSD, Mezo’s Bitcoin-backed stablecoin, the release notes.

“Over a million Bitcoin sits on corporate balance sheets today, and almost none of it is working,” said Matt Luongo, co-founder of Mezo.

The launch comes as the broader BTCFi space continues to expand. Institutions in particular have faced a gap between wanting to earn yield on BTC holdings, and meeting their risk and compliance requirements. Late last year, The Defiant reported that Threshold Network had updated its tBTC bridge to make it easier for institutional Bitcoin holders to deploy their funds in DeFi.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

ANZ buys out Worldline’s stake in joint venture

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ANZ buys out Worldline’s stake in joint venture

Australian bank ANZ has taken full control of a joint venture it had set up with French payments firm Worldine in 2022.

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

ANZ has agreed to acquire Worldine’s 51% share in the company for A$89m.

According to the bank, the move is consistent with its strategy to focus on payments and transaction banking. 

“The ANZ 2030 strategy puts transaction banking at the centre of what we deliver to customers – whether it’s improving their experiences, offering them leading technologies and platforms, or keeping them safe,” said ANZ managing director, transaction banking, institutional, Lisa Vasic. 

“This acquisition will allow us to strengthen our direct relationship with our customers and better meet our customer’s needs, as we continue to focus on providing our small business customers.”

Worldine announced in November that it was looking to raise $500m to finance an overhaul designed to restore cash flow generation.

The company saw its share price drop by more than 20% earilier in 2025 following allegations that the company had covered up client fraud in order to protect its revenue. 

The transaction, which is subject to regulatory approval, is expected to be completed in the second half of the fiscal year for 2026.

 

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