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Paraguayan President Santiago Peña announced his resignation on Thursday due to a political crisis triggered by the collapse of digital bank Ueno Bank. In a video posted on the X platform, Peña stated that his resignation was to maintain national stability, social peace, and democratic institutions, with his primary task being to protect the Paraguayan people who entrusted their savings to the financial system.The Central Bank of Paraguay announced on Tuesday the initiation of liquidation procedures for Ueno Bank after discovering that its solvency ratio had fallen below half of the regulatory minimum requirement. Peña is facing political scrutiny due to his previous business ties with Grupo Vázquez, the holding company of Ueno Bank; according to the Associated Press, he remained a business partner of the group until March 2025. Peña denied any wrongdoing, stating that the controversy initially was merely a regulatory issue that escalated into a political dispute.This banking crisis is also accompanied by rising quotes for Tether's USDt in the peer-to-peer market targeting Paraguay, with a bid on Thursday morning quoted at 1 USD to 6942 Paraguayan Guarani, approximately 13% higher than the Central Bank's reference rate of 6144.02 on November 4. According to Reuters, lawmakers are debating impeachment proceedings over allegations of conflicts of interest, pension abuse, and institutional cover-ups. Peña was elected in April 2023 and took office in August of the same year, with a five-year term originally set to end in 2028; if Congress accepts his resignation, Vice President Pedro Alliana will assume the remaining term.

According to CoinDesk, the National Bank of Ukraine (NBU) stated that it does not support the current version of the draft for the legalization and regulation of crypto assets, calling on lawmakers to continue revising it before the final vote.The NBU supports advancing regulation by referring to the European Union's Markets in Crypto-Assets Regulation (MiCA) and recommendations from the International Monetary Fund, but believes that draft No. 10225-d still does not address its key concerns, and the final text was only delivered on Tuesday night, leaving insufficient time for review and lacking transparency in the legislative process.The NBU warned that foreign tokens not adequately regulated in their place of issuance may enter Ukraine, some of which could function as electronic money, threatening monetary sovereignty and financial stability, and bypassing requirements applicable to domestic similar assets. The NBU hopes to obtain the authority to assess and limit their use when necessary.Regarding market access, the NBU stated that a preliminary compromise had been reached to select three crypto trading platform operators through competition, but the final draft leaves the number of access points for the first five years to the discretion of the securities regulatory authority, raising concerns about monopolies and corruption risks. According to the draft, the National Securities and Stock Market Commission of Ukraine will become the main regulator, with a 5% transitional tax rate applicable to existing crypto assets until the end of 2028, and transactions between crypto assets explicitly exempt from tax.

The Bank of England raised interest rates by 25 basis points to 4.00%, marking the first rate hike since August 2023, in line with market expectations.Bank of England Governor Bailey: Unless the war in Iran is resolved, this is unlikely to be the last rate hike.

The Korea Blockchain Industry Association (KBIPA) has officially submitted a proposal for amendments to the regulations related to tokenized securities to the Financial Services Commission of Korea, presenting 9 main modification suggestions and 10 technical correction opinions, along with an additional 6 recommendations for future legislative reference, including: expanding the scope of participants in distributed ledger technology, allowing qualified third-party technology companies to operate verification, consensus, and query nodes, while retaining the rights to record securities information and the responsibility for ledger management within the existing participating institutions.In addition, the Korea Blockchain Industry Association suggests allowing the Bank of Korea and other settlement asset issuance and clearing institutions to participate in node operations within necessary limits, reserving space for the future realization of synchronized delivery of securities and funds (DvP).At the same time, it is necessary to clarify the procedures for changing the operational standards of distributed ledgers. If the existing ledger no longer meets regulatory requirements, tokenized securities should be allowed to migrate to other compliant ledgers rather than being directly converted into ordinary electronic securities.

The French mutual credit bank Akeia was attacked by hackers, and some of the stolen funds have been intercepted. The hackers transferred money through bank accounts and exchanged it for cryptocurrency, with the involved funds possibly exceeding 100 million euros. The Paris prosecutor's office has launched an investigation.

According to a report by Reuters, after Binance suffered a $6.3 billion hacking attack last week, the U.S. Federal Reserve and the Office of the Comptroller of the Currency (OCC) began contacting banks on Monday to inquire whether their systems had experienced any unusual activity or service disruptions, in order to assess the risk of security incidents in the cryptocurrency market spreading to the traditional financial system.Insiders stated that several banks are conducting security diagnostics on their internal systems and evaluating whether there are vulnerabilities that similar attack methods could exploit. The cybersecurity team of a major U.S. bank has contacted Binance and is in the process of drafting an internal report, which may lead to a review of systems and updates to cybersecurity measures.Binance stated that it is currently maintaining close contact with global regulators and promptly reporting on this security incident. The Federal Reserve and OCC declined to comment. Insiders also pointed out that the rapid evolution of AI models has increased the difficulty for banks to defend against hacking attacks, and banks are investing significant resources to review and patch cybersecurity code.

According to PR Newswire, Soter Insure, a digital asset specialty insurance company based in Abu Dhabi, announced that SC Ventures, the innovation and venture capital arm of Standard Chartered Bank, and SBI Group, a Japanese financial group, have joined its Series B as strategic investors. Token Bay Capital has also made an additional investment, marking the second closing of this round, which is led by Galaxy.The new investors join Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital, who participated in the first closing in July 2026.Soter Insure is incubated by Further Ventures and WebN Group, operates in Bermuda, and has offices in London, New York, and Dubai. Its products cover directors and officers liability, professional liability, crime, valuable items, confiscation, and smart contract failures, with policies priced in fiat currency or native digital assets.

According to the Business Times, HSBC, Kinexys under JPMorgan, Mitsubishi UFJ Financial Group, Societe Generale-Forge under Société Générale, and Standard Chartered Bank have established a non-profit organization in Singapore called Global Layer One Organisation (GL1 Org) to promote the development and adoption of common standards and frameworks for tokenized financial markets.The organization will continue the work of the GL1 initiative by the Monetary Authority of Singapore, facilitating interoperability among different institutions, infrastructures, and jurisdictions.

On November 4, the French banking group Crédit Mutuel Arkéa announced details of a previously disclosed theft of funds revealed by ZachXBT. The bank stated that the attackers gained access through a platform of an unnamed third-party service provider, and then used the bank's own accounts to transfer funds to other financial institutions, with the related funds potentially being exchanged for cryptocurrency through specialized platforms.The bank denied that the attack entry point was located in its online bank Fortuneo and stated that customer assets were unaffected. Regarding the previously reported stolen amount of approximately 118 million euros (133 million dollars), the bank did not confirm the specific figure but acknowledged its magnitude, with some funds already frozen and the final loss still being assessed.

Sony Bank announced that its external contractor for digital securities, Securitize Japan, experienced unauthorized access to its systems, resulting in a leak of customer information. This includes the names, addresses, birth dates, and account numbers of 4 customers, as well as the names of an additional 617 customers.Sony Bank stated that no improper transactions have been identified as a result of this incident, and there is no evidence that the leaked information has been made public or disseminated online. This matter only involves digital securities services, and related transactions have been suspended, with further notifications to be provided upon resumption.Securitize Japan detected system anomalies on October 29 and confirmed the unauthorized external access on the same day, subsequently notifying Sony Bank. An investigation of the logs confirmed the leak of customer information. Sony Bank will contact the affected customers individually.

The Office of the Comptroller of the Currency in the United States has issued a regulatory framework for banks using artificial intelligence.

French crypto journalist and co-founder of The Big Whale, Grégory Raymond, stated that the French cooperative bank Crédit Mutuel Arkéa suffered at least $133 million in fraud, with funds being transferred to a crypto trading platform and then moved. This information was disclosed overnight by on-chain investigator ZachXBT, and Raymond indicated that he had been following the matter since the previous day.Raymond cited sources close to the case, stating that the transferred assets were not crypto assets directly held by the bank, but rather fiat currency, which was then converted into crypto assets for transfer. The source described this method as unprecedented and characterized it as an organized network relying on a large number of mule accounts, with funds flowing to multiple trading platform accounts, including Crypto.com. Raymond contacted the bank around 6 PM Paris time the previous evening, and they responded that they could not confirm the relevant information at this stage and did not provide further comments.According to the anonymous source, Arkéa realized its involvement later and was unprepared to respond. Raymond wrote that due to the bank's lack of official confirmation, the trading platforms and stablecoin issuers failed to freeze the funds in time. ZachXBT pointed out on Sunday that an unnamed European entity had transferred over $106 million in USDC and USDT, and on Tuesday raised the estimated amount to $133 million, with some transfers occurring after the initial warning. ZachXBT expressed high confidence in ruling out the involvement of North Korea's Lazarus group and estimated that if the incident had been reported quickly, over $30 million could have been frozen.

Morgan Stanley announced that it has become one of the first banks to tokenize real-world assets after the launch of DTCC's Tokenization Service (DTS), having converted U.S. stocks and U.S. Treasury bonds into tokenized form.DTS was launched on October 28, allowing for the creation of tokenized representations backed by securities held in DTC to enhance liquidity, collateral liquidity, and capital efficiency.

According to Bloomberg, Goldman Sachs has restricted most employees from using advanced AI tools aimed at programming after evaluating production efficiency and risk management, leading to dissatisfaction among some employees. Internal guidelines were updated in October, and bankers had previously been able to use Anthropic's Claude Code and Microsoft's GitHub for several months, but the scope of these tools has now been narrowed to engineers.Sources say that some traders had used these tools to accelerate monitoring of client trading flows, modeling market changes and positions, as well as creating text and graphic content, and this restriction has left them feeling dissatisfied. Goldman Sachs' Chief Information Officer Marco Argenti stated in July that non-technical personnel such as traders and bankers had developed solutions using AI tools, which were then handed over to the company's approximately 12,000 engineers for improvement.Goldman Sachs spokesperson Nick Carcaterra stated that the company provides employees with certain AI tools to determine applicable scenarios in different businesses; after evaluating factors such as production efficiency and risk management during the trial period, the tools will be given to the most suitable personnel for long-term use. Additionally, sources indicated that the latest directive does not apply to strats who are simultaneously engaged in trading, quantitative research, and software engineering. Earlier this year, Goldman Sachs also restricted employees in Hong Kong from using Anthropic's Claude.

Bitcoin News posted on the X platform that the royal decree signed by the King of Bhutan, Jigme Khesar Namgyel Wangchuck, grants the new financial regulatory authority in Gelephu full central banking functions, including monetary policy and reserve management.The bank is authorized to include digital assets alongside traditional reserves in its investment scope, but there is no mandatory purchase requirement; the Royal Monetary Authority of Bhutan remains unchanged. Gelephu Mindfulness City had previously received a commitment from the king for support of up to 10,000 bitcoins made in December 2025.

According to a report by Central News Agency, a large-scale account abnormal transfer incident occurred at Yongfeng Bank in Taiwan. Preliminary investigations found 427 abnormal transactions, each amounting to approximately 100,000 New Taiwan Dollars, involving a total amount exceeding 40 million New Taiwan Dollars, affecting 419 customers.The related funds were all transferred to an account at Taipei Fubon Bank, which has now been temporarily frozen.

According to the Omani Ministry of Foreign Affairs, the People's Bank of China and the Central Bank of Oman signed a memorandum of cooperation on central bank digital currencies, and both parties will exchange expertise and experience on related technologies.The two central banks also signed a currency swap agreement. The Governor of the Central Bank of Oman stated that the agreement aims to support economic development, strengthen financial stability, and enhance international partnerships. The relevant documents were signed on November 2 in the presence of the leaders of both countries.

According to the official website of the People's Bank of China, the Governor of the People's Bank of China, Pan Gongsheng, recently signed the "Renminbi/Omani Rial Bilateral Currency Swap Agreement" and the "Memorandum of Understanding on Strengthening Cooperation in Digital Payments and Central Bank Digital Currencies" with the Governor of the Central Bank of Oman, Ahmed Al-Mousaami, under the witness of the leaders of both countries.The scale of the swap agreement is 30 billion Renminbi/1.5 billion Omani Rials, with a validity period of 5 years. On the same day, both parties met to exchange views on topics such as bilateral economic and financial cooperation. The central bank stated that the agreement aims to deepen monetary and financial cooperation between the two countries, enhance the facilitation level of cross-border digital payments, and maintain financial market stability.

Arthur Hayes posted on the X platform that dollar liquidity is being replenished. Before the Federal Reserve and/or banks begin to expand their balance sheets, BTC is expected to weaken.