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Coinbase CEO Brian Armstrong tweeted, "For years, cryptocurrency trading has been shifting overseas due to the lack of clear regulatory rules in the U.S., and while perpetual contracts are favored by traders, they are banned in the U.S. Frankly, about half of the perpetual contract trading volume comes from U.S. users who use offshore products via VPNs, and KYC checks are lax. Other companies have set up offshore entities to find ways to evade regulation. After dozens of trips to Washington, D.C., and numerous communications from our policy team, we finally received approval to allow U.S. users to access true global perpetual contracts."Previously, the CFTC's Market Participants Division issued a clarification letter and a no-action letter to registered futures commission merchant Coinbase Financial Markets (CFM), allowing it to offer cryptocurrency options and perpetual contracts listed on the affiliated offshore exchange Deribit FZE to U.S. users. The letter confirmed that the aforementioned perpetual contracts can be classified as foreign futures under CFTC Regulation 30.1.Additionally, under specific conditions, the CFTC will not recommend enforcement action regarding CFM transferring digital commodities held by customers and paying stablecoins to its offshore brokerage affiliates for margin purposes, and that affiliate may exercise reuse rights over the aforementioned customer assets.

Regarding the issue of accounts being restricted as reported by users, Binance co-founder He Yi stated on the X social platform that the situation may be due to using a VPN to connect to Binance from countries or regions where services cannot be provided. The system will adjust the account to "withdrawal-only mode," and users need to contact customer support for assistance.Previously, some users claimed that they had encountered account restrictions or asset freezes on Binance and other exchanges. Binance emphasized that it is continuously increasing compliance investments and implementing risk control measures in accordance with regulatory requirements.

ChainCatcher news, according to the "Stablecoin Regulation" licensing guidelines for stablecoin issuers released by the Hong Kong Monetary Authority, the Hong Kong Monetary Authority requires licensed stablecoin issuers to "ensure that they do not issue or offer specified stablecoins in jurisdictions where trading of specified stablecoins is prohibited," and that "licensees should implement control measures to mitigate the risks of remote customer identity verification procedures and location masking (e.g., using virtual private networks, or VPNs) during routine operations."

ChainCatcher news, Virtuals Protocol officially announced the launch of the Virtuals Partners Network (VPN) on March 20, aiming to reshape the intersection of AI and cryptocurrency. VPN connects investors, domain experts, scholars, and developers to collaboratively explore, support, and scale the best AI entity founders in the crypto space.The inspiration for VPN comes from the Sherpas of the Himalayas, hoping to help AI innovators tackle the complex challenges of autonomous AI entity ecosystems by providing customized support, funding, and strategic insights.

ChainCatcher news, according to the disclosure from lawyer Wu Enxiang's public account, in August this year, a public security agency in a certain area of the country determined that the behavior of using VPNs to trade cryptocurrencies was illegal, and the involved individuals were administratively punished, with their profits from trading cryptocurrencies confiscated.A public security agency in a certain area discovered that a man was using a VPN to illegally connect to the internet through non-statutory channels. He contacted overseas clients who needed to purchase a certain virtual currency through a foreign website, then bought the virtual currency at a low price using a certain currency on an overseas trading app, and finally sold it at a high price, engaging in the sale of the virtual currency. After being summoned by the public security agency, the man came to accept the investigation. During the operation of the studio, he illegally profited 90,000 yuan.The administrative penalty decision stated that the man's actions constituted unauthorized use of non-statutory channels for international internet access. According to Article 6 and Article 14 of the "Interim Regulations on the Administration of International Networking of Computer Information Networks of the People's Republic of China" and Article 11, Paragraph 1 of the "Public Security Administration Punishment Law of the People's Republic of China," it has been decided to order the violator Zhang San to cease networking, issue a warning, impose a fine of 15,000 yuan, confiscate the illegal gains of 90,000 yuan, and seize eight mobile phones and eight computers used in the crime.

ChainCatcher news, according to Decrypt, Russia has begun testing a new system capable of cutting off global internet access, with early reports indicating that even virtual private networks (VPNs) cannot bypass these restrictions. This marks a significant escalation in the country's efforts to establish a so-called "sovereign internet."The Russian Ministry of Digital Development plans to allocate nearly 60 billion rubles (660 million dollars) over the next five years to enhance its internet traffic censorship system. This system, known as TSPU, uses domestically developed traffic management tools created, distributed, and controlled by the national communications regulator Roskomnadzor.According to researchers from the project Censored Planet, which tracks global internet censorship, TSPU represents a sophisticated method of internet control. The system allows Russian authorities to inspect and filter internet traffic, potentially blocking access to specific websites and services while maintaining access to approved domestic resources.

ChainCatcher news, according to Fortune, users of the platform X (formerly Twitter) owned by Elon Musk in Brazil may face a fine of 50,000 Brazilian Reais (approximately 8,910 USD) per day if they bypass the ban to access the site, which far exceeds the monthly or yearly income of an average Brazilian worker. Currently, any user found accessing X through a virtual private network (VPN) may be subject to this penalty.

ChainCatcher news, Alliance DAO founder and core contributor Qiao Wang stated that he is seeking to invest in more entrepreneurial projects that develop anti-authoritarian products and technologies, including VPNs, decentralized ISPs, end-to-end encrypted communications, and privacy payments, among others.

ChainCatcher message, supported by Binance Labs and the privacy infrastructure project Nym Technologies backed by a16z, stated on social media that it will soon launch NymVPN, a service that will simplify zero-knowledge proof technology, enable private payments through zk-nyms, and introduce a decentralized VPN powered by a mixed network.

ChainCatcher news, according to CoinDesk, privacy technology company Nym plans to launch a "decentralized VPN" called NymVPN in early 2024. The new NymVPN will distribute traffic across a network of nodes, rather than running data through a single server like centralized VPNs.It is reported that NymVPN operates on a decentralized relay node network run by individuals without central authority, thereby reducing the risks of data misuse and surveillance.

ChainCatcher news, according to The Block, SBF had previously used private networks to watch the Super Bowl and other football games, after which U.S. District Judge Lewis Kaplan prohibited SBF from using a VPN and suggested staying away from private networks until his bail conditions are determined. Lewis expressed concern that the government would not be able to see the websites SBF visits or the data he sends and receives while using a private network.According to the judge's order, documents regarding SBF's bail conditions will be submitted on Wednesday, and the court will hear arguments on the matter on Thursday afternoon. (Source link)

ChainCatcher news, according to Bloomberg, U.S. prosecutors have stated that former FTX CEO Sam Bankman-Fried (SBF) recently accessed the internet using a virtual private network (VPN) twice.It is reported that U.S. District Judge Lewis Kaplan denied approval on February 9 for an agreement negotiated between prosecutors and Bankman-Fried, which required him to stop using applications like Signal and only contact a specific group of former and current FTX employees, while retaining his right to use WhatsApp, iMessage with monitoring technology, as well as make calls via Zoom and FaceTime. (Bloomberg)

ChainCatcher news, Nansen CEO Alex Svanevik tweeted that users in mainland China can now freely use Nansen without the need for a VPN. (Source link)