Zhu is expected to be released from jail this month for good behavior, Bloomberg reported.
The rules are scheduled to take affect on July 19 next year.
Google will allow ads for U.S. based-crypto trusts from January, with the change seemingly coming in the same month that spot Bitcoin ETFs are predicted to be approved.
Next year will see Binance lose its leadership position, a U.S. recession, new stablecoin market cap highs and a new peak price for Bitcoin, according to asset manager VanEck.
Regulators have been looking to increase supervision of crypto and mitigate risks posed by banks' exposure to crypto.
The regulator has brought enforcement actions against Coinbase and Robinhood.
The exchange said it plans to use the license to offer e-money products in the U.K.
The introduction of central bank digital currencies could have major implications on the stability, the report said.
Fasset, a digital asset investment platform, has won the licence to operate in Dubai as a Virtual Asset Service Provider (VASP), allowing it to serve institutional investors, qualified investors and retail investors.
The owner of Tomya was among 25 people detained in Turkey as the country prepares new crypto legislation.
But supervision of bank-like crypto firms could be a pain for regulators, said Andrea Enria, chair of the supervisory board at the European Central Bank.
The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFT and utility token holdings.
The project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the BIS initiative said.
Blockchain analytics firm TRM Labs has partnered with Australian cryptocurrency exchange Swyftx in an effort to combat scams in the nation.
As hype builds for spot Bitcoin ETFs in the U.S., some are concerned the industry is moving away from the “core promise” of cryptocurrencies.