In crypto news today: Crypto Market Surges Turkey Tightens Crypto Regulations with AML Measures Montenegro Court Upholds Do Kwon’s Extradition Ruling South Korea Surpasses 15M Crypto Users in November __________ Crypto Market Is In the Green The global cryptocurrency market capitalization has increased by 3.1% over the past 24 hours, currently sitting at $3.61 trillion. At the time of writing, the daily trading volume in the crypto market stands at $171.97 billion. Among the top cryptocurrencies, Bitcoin (BTC) is trading at $98,792, up 5.3% in the past day, while Ethereum (ETH) has risen by 4.1% to $3,525. XRP has gained 4.1%, now trading at $2.32, whereas Solana (SOL) experienced a 4.0% increase to reach $198.73. Dogecoin (DOGE) saw the largest gain in the top 10, surging 6.3% to $0.3382. Some altcoins and tokens have seen remarkable gains, including KIKI, which surged by 71% to $0.0557, and Alchemist AI, which climbed 65.7% to $0.08819. The trending coins for the day include RabBitcoin, Sun Token, and Koma Inu, with RabBitcoin gaining 2.0% to $0.054611. Turkey Tightens Crypto Regulations with AML Measures In crypto news today, Turkey has introduced new cryptocurrency regulations, requiring users to share their identifying information for transactions exceeding 15,000 Turkish liras ($425). Announced on Dec. 25 in the Official Gazette, the Anti-Money Laundering (AML) regulation aims to combat illicit fund laundering and terrorism financing through digital asset transactions. Transactions below the $425 threshold are exempt from the new reporting requirements, easing compliance for smaller transfers. Starting Feb 25, 2025, crypto users in Turkey must share ID details with service providers for transactions over $425. New AML regulations are coming! #Crypto #Turkey #Regulation pic.twitter.com/5MUsmDMKJY — TradeDucky (@tradeducky) December 25, 2024 The move aligns Turkey with global regulatory trends , including Europe’s landmark Markets in Crypto-Assets (MiCA) framework, set to take effect on Dec. 30. Montenegro Court Upholds Do Kwon’s Extradition Ruling Montenegro’s Constitutional Court has dismissed an appeal by Terraform Labs co-founder Do Kwon against his extradition, citing legal inconsistencies in the appeal. The decision upholds a prior ruling favoring his extradition, marking a significant development in the ongoing legal battles surrounding Kwon, who has faced global scrutiny since the collapse of his $40 billion Terra Luna crypto empire in 2022. TERRAFORM LABS CO-FOUNDER DO KWON LOSES EXTRADITION APPEAL IN MONTENEGRO – In a blow to Do Kwon, the co-founder of Terraform Labs, Montenegro’s Constitutional Court has dismissed his appeal against extradition. – The court cited legal inconsistencies in Kwon’s argument,… https://t.co/pA7Vm0hTQD pic.twitter.com/DZ8S4hZs1H — BSCN (@BSCNews) December 25, 2024 The ruling keeps Kwon’s legal fate uncertain as both the United States and South Korea seek his extradition to face charges of fraud and other financial crimes. South Korea Surpasses 15M Crypto Users in November South Korea witnessed a significant increase in cryptocurrency adoption in November, with the number of crypto holders reaching 15.6 million —over 30% of the country’s 51.7 million population. This data, reported by Yonhap News on Dec. 25, reflects investors on five major Korean exchanges, including Upbit and Bithumb. South Korea sees surge in #crypto adoption this year! Bank of Korea reports shows the numbers crossing 15.59M for the first time & reported a significant surge in November 2024. A total of 610,000 new investors entered the digital asset space since the end of… pic.twitter.com/Q6zqGKYLR3 — TheNewsCrypto (@The_NewsCrypto) December 25, 2024 The surge coincided with Donald Trump’s U.S. presidential election victory and came amidst the country’s tightening crypto regulations under the Virtual Asset User Protection Act, implemented in July to safeguard users’ digital assets. Yonhap’s report also highlighted that South Koreans collectively hold $70.3 billion in crypto assets, with transaction volumes rivaling the local stock market. This marked the first time the nation released detailed statistical data on crypto markets, underscoring the growing influence of digital assets in South Korea’s financial ecosystem. __________ Bookmark this page and subscribe to our newsletter for the latest crypto news updates! The post What’s Happening in Crypto Today? Daily Crypto News Digest appeared first on Cryptonews .
