Kaz Nejatian, the Vice President of Product and Chief Operating Officer at Shopify, stated in a personal tweet that the encryption work being done at Shopify is one of their best efforts to date. In a few years, people will be amazed at how quickly we acted, but that is because of the work we are currently doing.

According to RootData, on December 1st, BlockBeats reported that the funding amount for the cryptocurrency market in November 2023 was $1.2 billion, a 5.1% decrease compared to November 2022 ($1.265 billion), but a 178.4% increase compared to October 2023 ($431 million). In addition, the number of funding deals in November was 92, a 13.2% decrease year-on-year.

Continue Capital partner Pima posted on social media X, stating that the productivity revolution of AI, which occurs once every hundred years, cannot be compared or resisted by the production relationship revolution of Blockchain, and will have an impact on various industries in the future. Therefore, our proposition is: how will AI transform or influence the Crypto field? AI agents may also give rise to a group of billion-dollar companies in the Crypto industry.

Swiss crypto bank Seba Bank AG has officially been renamed Amina Bank AG, with SEB Bank and SEBA Bank both agreeing to the name change in 2023. The company stated that the new name Amina comes from the word "amino transfer," meaning the transfer of a compound to another compound, referring to its mission of combining various elements of traditional, digital, and crypto banking. Existing clients of Amina Bank (formerly Seba Bank) will not be affected by the rebranding as all operations will continue as usual. In early November 2023, Seba obtained a license from the Hong Kong Securities and Futures Commission to offer crypto trading services in the region. In 2022, Seba also received a financial services license for the Abu Dhabi Global Market and opened an office in Abu Dhabi.

Efforts to pass US crypto legislation through the House of Representatives this year have been delayed until 2024 due to the recent fight over installing a new speaker. The legislation still faces an uphill battle in the Senate, which is controlled by Democrats. However, success in the House may move the Senate to approve the bills. The House Financial Services Committee is focusing on two major crypto bills, one to regulate US stablecoin issuers and another to form a broad system of rules for crypto markets. Passing the bills may require attaching them to must-move legislation, such as a spending bill.

Hester Peirce, a commissioner of the US Securities and Exchange Commission (SEC), said at an industry conference that many of the enforcement cases initiated by the SEC seem to have no rhyme or reason. In 2023, the SEC will increase its enforcement actions related to securities issuance by 48%, one of which is the case against NFT issuer Stoner Cats 2 LLC, and Peirce said, "I don't think its primary goal is to prevent people from buying Stoner Cats." When asked about her views on the "outcome" of the SEC's work in the crypto space, Peirce did not give a clear answer, saying, "We need to stick to the authority given to us by Congress, rather than go beyond that scope."

K33 Research Report indicates that Bitcoin and Ethereum have shown strong dependence in the past week after the US Department of Justice reached a settlement with cryptocurrency exchange Binance on November 21. Senior analysts Vetle Lunde and Vice President Anders Helseth stated that although comparisons have been made to the collapse of FTX, "Binance is operating illegally in the United States, and they will no longer be able to do so, but the settlement has nothing to do with mishandling client funds," and "there will be no contagious effects in the future." Lunde and Helseth believe that despite Binance's market share declining this year and recording over $1 billion in outflows within 24 hours after being fined $4.3 billion, Binance will not disappear soon. "Nevertheless, Binance's strong user base indicates that as we enter 2024, Binance will still be the cornerstone of the cryptocurrency market structure,"

On November 28th, under the new law regulating the taxation of virtual assets, Spanish residents are required to declare any cryptocurrency assets held on non-Spanish platforms by March 31, 2024. In response, the Spanish Tax Agency (AEAT) has previously released Form 721, which is the overseas virtual asset tax declaration form, first published in the Official Gazette on July 29, 2023.<br>The deadline for submitting Form 721 starts on January 1, 2024 and ends on the last day of March. Individual and corporate taxpayers need to declare the amount of funds held in foreign cryptocurrency accounts as of December 31. However, only individuals with cryptocurrency assets worth over 50,000 euros (approximately 55,000 US dollars) on their balance sheets have an obligation to declare their overseas assets. Those who store their assets in a self-managed wallet must declare their holdings using the standard wealth tax form 714.

US presidential candidate Vivek Ramaswamy has stated that if he is elected, his cryptocurrency policy will ensure a vibrant future for the emerging industry. Developers should have the freedom to write and publish code, and projects should be free from excessive regulation and regulatory uncertainty. Ramaswamy has become one of the biggest supporters of the cryptocurrency industry, criticizing the regulatory enforcement actions taken by federal agencies such as the US Securities and Exchange Commission. He has promised to significantly reduce the workforce of these federal regulatory agencies if elected president. Recently, he has expressed willingness to discuss Bitcoin in the upcoming Republican debate.

Kim Joo-hyun, the chairman of the Financial Services Commission in South Korea, stated that they plan to concentrate the screening and analysis capabilities of the Financial Intelligence Unit (FIU) on investigating crimes involving the use of virtual assets (such as drugs and gambling) and illegal financial fraud that directly affects people's lives. In the future, they will share suspected criminal cases with major law enforcement agencies such as prosecutors and police to conduct strategic in-depth analysis. They aim to eradicate crimes involving drugs, gambling, and harm to people's lives, and return the proceeds from virtual asset crimes as much as possible. Kim Joo-hyun also announced plans to strengthen the review and inspection of cryptocurrency companies, conduct thorough reviews of major shareholders, and strictly examine whether there are money laundering risks or user protection issues in various reporting processes for existing operators in the future.