**Crypto Market News Digest – November 24th, 2025**
The global crypto market is experiencing a period of significant developments. Here’s a closer look at the latest events impacting the industry.
1. **UK Probe Unlocks Major Crypto Enforcement:** The UK Serious Fraud Office has launched an investigation into Basis Markets, a cryptocurrency-linked fund that reportedly lost $28 million. Two individuals were arrested on charges of fraud and money laundering. This probe signals a significant shift in enforcement action for the crypto industry, potentially driving new regulations for fundraising, NFT-based financial products, and hedge-fund-style structures.
2. **India Redefines Crypto’s Role:** India’s central bank governor has reiterated concerns about cryptocurrency’s systemic risks, while promoting the Digital Rupee (CBDC) as a more secure alternative. This stance underscores continued skepticism from the RBI, which could limit crypto adoption and push users towards regulated digital currencies.
3. **UK Eases Stablecoin Regulatory Landscape:** The Bank of England has relaxed its proposed stablecoin rules, allowing systemic stablecoins to hold up to 60% of reserves in UK government bonds – even increasing this to 95% during scaling phases. This move incentivizes the development of regulated stablecoins while maintaining oversight. It reflects the UK’s effort to remain competitive without jeopardizing financial stability.
4. **Hong Kong Becomes a Global Hub for Tokenization:** Hong Kong continues to solidify its position as a hub for digital assets with the latest developments in its regulatory framework. The Securities and Futures Commission (SFC) has unveiled plans to regulate tokenization, custody, exchanges, and stablecoin issuers under its rulebook. This move signals an ambition to attract crypto companies and projects while establishing clear compliance standards.
**Stay informed about these global crypto developments.**