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Companies registered in EU nations by year-end will be able to operate in those countries while they secure licenses under MiCA regulations that take effect at the end of the year.

The token will be available on both Ethereum and OP Mainnet.

Powell will start in her new role at the crypto exchange in November.

The exchange's action follows that of Huobi Hong Kong and several other applicants earlier this month.

The news about X Layer comes as other major cryptocurrency exchanges, like Coinbase and Kraken, have also pursued their own layer 2 networks over the last year.

The exchange said that it will compensate impacted users within 72 hours.

Bahrain-based crypto exchange Rain fell victim to a $14.8 million exploit, according to blockchain sleuth ZachXBT.

Upbit said it is "poised to expand [its] range of offerings," having acquired a MPI license.

The Pantera-backed crypto exchange is among the first to receive regulatory approval in South Africa, alongside Luno and Zignaly.

Woo X plans to invite bets on weekly copy trading competitions between the most copied human traders and George, the AI.