The Supreme Court of British Columbia has ordered the forfeiture of approximately $1 million in cash, gold, and luxury items tied to QuadrigaCX co-founder Michael Patryn. The assets—seized in 2021 under an Unexplained Wealth Order—will now be liquidated after Patryn withdrew his legal response, marking a significant step in the province’s civil action linked to the infamous crypto exchange’s collapse.

Canada’s tax authority has stepped up crypto enforcement by focusing a probe on 2,500 Dapper Labs users linked to about C$72 million ($54 million) in suspected unpaid taxes, according to The Canadian Press. A court approved an “unnamed persons requirement” in September allowing officials to obtain user data. Despite recovering more than C$100 million through crypto audits over the past three years, the agency has not brought criminal charges in any crypto tax case since 2020.

Binance founder Changpeng Zhao reiterated on 8 December 2025 that a hardware wallet is unsafe if a private key can ever leave the device, referencing remarks shared on X. His statement followed public discussions in Dubai as self-custody adoption grows. Attackers are increasingly targeting seed phrases and backups.

South Korean regulators are advancing proposals to apply bank-style consumer protection frameworks to cryptocurrency exchanges. Under the proposed reforms, platforms would be required to compensate users for losses caused by system failures without requiring proof of negligence. Exchanges would also face penalties reaching 3% of annual revenue for serious violations.

France's BPCE has begun a regional rollout of in-app cryptocurrency trading for approximately 2 million users of Banque Populaire and Caisse d'Épargne. The service supports Bitcoin, Ether, Solana, and USDC through a dedicated account managed by its digital-asset subsidiary Hexarq. The bank plans to expand access to 12 million customers by 2026.

Western Union unveiled a digital asset initiative targeting economies with severe inflation. CFO Matthew Cagwin presented the strategy at the UBS Global Technology and AI conference, detailing plans for a "stable card" and proprietary digital coin to protect remittance recipients in countries like Argentina, where inflation has exceeded 250%.

Jupiter Exchange withdrew marketing statements about its lending protocol after acknowledging the use of asset recollateralization. COO Kash Dhanda admitted prior claims of zero contagion risk were inaccurate. Competitor Kamino Finance blocked Jupiter Lend's migration tool in response to the controversy. JUP token traded at $0.23 on December 7, 2025, reflecting a 33.06% decline over 30 days.

Seven Chinese industry associations supervised by the People's Bank of China and China Securities Regulatory Commission issued a joint notice warning firms against trading or issuing tokenized real-world assets within mainland China. The notice represents the first formal industry warning on RWA tokenization and states that foreign firms and their China-based employees engaging in such activities could face legal consequences. Chinese authorities have not approved any tokenization activities for real-world assets.