Kraken’s October delistings have moved into the withdrawal phase. Trading and deposits for 13 assets were scheduled to stop on October 23, while customers have a longer window to remove remaining tokens before the exchange begins liquidating balances.

• The trading cutoff has passed for 13 tokens named in Kraken’s notice.
• Withdrawals remain scheduled until January 29, 2027 at 15:00 UTC.
• Balances left behind face liquidation, with no assured recovery value.

The trading cutoff and withdrawal cutoff are different

The exchange’s official notice, updated October 8, names BMB, ELX, APU, BDXN, DUCK, BOS, U, OBOL, IDEX, FIS, UXLINK, ALTHEA and NOBODY. Deposits and trading were set to end at 14:00 UTC on October 23. The scheduled liquidation period is February 1–12, 2027.

These dates describe three distinct stages in an exchange’s handling of an asset. Losing an order book does not immediately eliminate the ability to withdraw. Conversely, being able to see a balance in an account does not establish that it can still be traded there.

A withdrawal also needs a destination that supports the actual token and network. A matching ticker on another service is insufficient evidence: tickers can be reused, and an asset can exist in multiple technical forms. The receiving service’s deposit status matters as well as the sending service’s withdrawal status.

The deadline problem resembles the operational transition in Binance Pool’s announced closure. A notice can leave time to act while still requiring customers to change where a service is performed.

A displayed reference price is not a liquidation promise

Kraken warns that thin or inactive markets could leave liquidation proceeds far below recent quoted prices, potentially negligible or zero. The notice does not offer a minimum sale price or a guaranteed percentage recovery.

That warning reflects a basic distinction between a price observation and an executable sale. A small last trade can set a visible reference price even when few buyers are willing to absorb a larger balance. The proceeds from selling an entire position depend on available demand at execution.

NewsBTC’s reporting on CoinShares’ BTF liquidation concerned a fund with an identified cash deliverable. Kraken’s notice describes a future process whose proceeds are still uncertain; the word liquidation does not imply the same economics in both cases.

Moving tokens to personal custody changes the responsibilities again. The key-control arrangements examined in NewsBTC’s custody coverage illustrate why possession, recovery arrangements and trading access are separate questions.

The immediate development is therefore a change in available actions. The trading date has passed, the withdrawal date remains ahead, and the eventual liquidation price has not been determined.

Written by the News Desk and edited by Samuel Rae.

TL;DR: Google’s updated rules for UAE-targeted crypto exchange and wallet ads took effect October 21. Advertisers need an accepted local license and Google certification; the policy is not blanket permission for all crypto promotions.

Crypto exchanges and software-wallet providers targeting customers in the United Arab Emirates now face the licensing and certification conditions set out in Google’s updated advertising policy.

The change took effect on October 21, according to Google’s official policy notice. This is the implementation date of an earlier announcement, rather than a newly issued rule on Wednesday.

For the crypto exchange and software-wallet category, Google lists four accepted authorities: the Capital Market Authority, Dubai Financial Services Authority, Financial Services Regulatory Authority and Virtual Assets Regulatory Authority. Advertisers also need certification from Google.

A License And An Ad Approval Are Separate Steps

A financial-services authorization and permission to distribute an advertisement answer different questions. The first concerns the business’s regulated activities. The second concerns whether a particular platform will carry its marketing under that platform’s rules.

The updated notice links those processes but does not merge them. Possessing a license does not, on its own, establish that an advertiser has completed Google’s certification process.

Equally, a reader encountering an ad should not treat its appearance as an assurance about investment returns or a guarantee against loss. Advertising eligibility concerns access to the marketing channel; it is not an assessment of every transaction a customer might make afterward.

For firms, the operational consequences sit with campaign preparation. A company needs its authorization and certification details to match the service it is promoting and the jurisdiction it is targeting. Marketing teams cannot safely infer that eligibility in one market automatically carries over to another.

The notice also discusses other financial-product categories. Those should not be collapsed into one universal crypto rule: the license list above is the one Google provides specifically for cryptocurrency exchanges and software wallets targeting the UAE.

The immediate change is therefore precise. Eligible providers have an updated route to advertising access, with a local licensing requirement and a separate platform certification requirement attached.

Related Reading

• Twitter Joins Facebook and Google in Banning Crypto Advertising
• Why Google is Removing All Bitcoin Mining Apps on the Play Store
• Block Takes Bitcoin Mainstream With First Major Consumer Ad Campaign

This article was written by the News Desk and edited by Samuel Rae.

South Korea is approaching another decision point on its long-delayed cryptocurrency gains tax, with exchanges and policymakers preparing to discuss whether the January 2027 start date is realistic.

TL;DR: The country’s planned crypto tax has already been deferred three times. A new proposal would push implementation toward 2029, but no additional delay has been enacted.

Finance officials are expected to meet representatives of major domestic exchanges on October 20. The industry is arguing that the systems needed to handle different transaction types and calculate cost bases are still incomplete. A rushed launch, exchanges say, risks creating inconsistent tax treatment or driving activity to offshore platforms.

South Korea’s planned rate is commonly described as 22% after local tax is included, rather than a simple 20% all-in charge. The question now is less about whether crypto gains should ever be taxable than whether the supporting reporting infrastructure is ready for millions of transactions across different venues.

A lawmaker’s proposal would link the effective date to cross-border data sharing through the OECD’s Crypto-Asset Reporting Framework, potentially moving the start to 2029. That measure requires legislative action; a meeting with exchanges cannot, by itself, change the law.

For investors, the current scheduled date remains January 2027 unless lawmakers decide otherwise. For exchanges, a later timetable could buy time to build reporting systems, but another postponement would also prolong policy uncertainty. South Korea has reached this crossroads before, which is why a proposed delay should not be reported as a settled outcome.

Written by the News Desk and edited by Samuel Rae.

Payward, the company behind crypto exchange Kraken, has agreed to acquire Lithuania-based Saldo Bank, taking a route into European banking that goes beyond obtaining another exchange registration.

TL;DR: The proposed acquisition would give Payward an existing licensed banking operation in Europe. The deal remains subject to regulatory approval and is expected to close in 2027.

Saldo provides banking products including loans and deposits. Bringing it into Payward would potentially put cash accounts, crypto assets and lending under a more connected product offering, rather than forcing customers to move between a separate crypto venue and their bank every time they need to borrow, spend or settle funds.

This is an important difference from a cryptocurrency firm simply partnering with an external payments provider. Ownership of a bank brings a regulated operating business, supervisory obligations and a different level of responsibility for customer money. Payward will not acquire unrestricted banking powers across Europe merely by signing the purchase agreement; the necessary approval and post-acquisition controls are still ahead.

The European push also fits a wider industry pattern. Crypto companies are pursuing banking relationships and charters as tokenized securities, stablecoins and conventional financial accounts become more closely linked. Existing lenders, meanwhile, are building crypto products of their own.

For Kraken users, the immediate message is about direction rather than a product they can use today. A completed acquisition could eventually make financing and fiat services feel less fragmented. Until regulators approve the transaction and the integration is completed, the promised benefits remain plans rather than available services.

Written by the News Desk and edited by Samuel Rae.