When you're trying to navigate crypto regulations, the legal rules governments set for buying, trading, and holding digital assets. Also known as cryptocurrency laws, it's no longer enough to just pick a wallet—you need to know who’s watching, who’s enforcing, and where you’re at risk. In November 2025, the world didn’t just tweak rules—it rewrote them. Indonesia moved crypto from commodity status to financial oversight under the OJK. Japan tightened its licensing system with new FIEA rules. South Korea hit Upbit with a $34 billion fine for KYC failures, sending shockwaves through every exchange that skipped user verification. And Canada seized $40 million from TradeOgre, proving even anonymous platforms aren’t safe anymore.
crypto exchange, a platform where people buy, sell, or trade cryptocurrencies. Also known as cryptocurrency trading platform, it's the gateway to the market—but not all gateways are real. This month, we saw the collapse of Bvnex, the shutdown of YodeSwap, and the exposure of LongBit as a complete fake. Meanwhile, legitimate players like AscendEX and ARzPaya kept operating, but only for users outside strict jurisdictions. The lesson? A platform with low fees and fast trades means nothing if it’s unregulated, unaudited, or vanished overnight. And if a site claims to be AnimeSwap on Sui or Elk Finance as an exchange? It’s a lie. These aren’t glitches—they’re red flags. Then there’s the crypto scams, fraudulent schemes that trick people into sending crypto or giving up private keys. Also known as crypto fraud, they don’t need fancy tech—just a good story. Fake airdrops for HyperGraph (HGT), CovidToken, and HappyFans (HAPPY) flooded forums. TripCandy’s CANDY token? Real—but only earned by booking travel, not by clicking links. WNT from Wicrypt? Never an airdrop; you earn it by sharing WiFi. The same pattern repeats: if it sounds too easy, it’s designed to steal. And beneath the surface, DeFi risks, hidden dangers in decentralized finance protocols like liquidity pools and cross-chain swaps. Also known as blockchain financial risks, they’re silent killers. Impermanent loss isn’t a rumor—it’s a math problem that wipes out gains even when prices go up. Elk Finance on OKX Chain? A tool, not a magic wallet. Moola Market on Celo? Built for mobile users, but struggling with adoption. These aren’t failures of tech—they’re failures of expectation.
What you’ll find below isn’t just a list of articles. It’s a map of what actually happened in November 2025: the exchanges that survived, the ones that vanished, the airdrops that never existed, and the regulations that changed everything. No fluff. No hype. Just what you need to know before you trade, invest, or click 'Confirm' again.
AscendEX is a non-U.S. crypto exchange offering 25:1 leverage, 400+ coins, and strong DeFi yields. It's fast, secure, and user-friendly - but unregulated. Perfect for experienced traders outside the U.S. who want advanced tools without U.S. restrictions.
Vietnam launched the world's first legal crypto pilot program in 2025, allowing regulated trading until 2030. Learn how it works, who it affects, and what you must do to stay compliant.
Elk Finance is a cross-chain DeFi swap protocol, not a crypto exchange. Learn how it works with OKX Chain, its risks, token performance, and who should use it in 2025.
ARzPaya is Iran's top crypto exchange for trading Tether and Bitcoin with low fees and 24/7 support. Learn how it works, its risks, and who should use it in 2025.
WNT from Wicrypt was never distributed via airdrop. Learn how tokens were actually released, how to earn them by sharing WiFi, and why this model is more sustainable than free token giveaways.
IX Fintech doesn't run a crypto exchange - it picks which ones are trustworthy. Discover how its quarterly review process selects 10 top exchanges for institutional crypto pricing in 2025, and why this matters for ETFs and hedge funds.
Indonesia shifted crypto regulation from commodity trading to financial oversight in 2025. Learn how OJK now controls crypto, the new tax rules, capital requirements, and what's still banned.
Japan's crypto licensing framework is one of the strictest and most effective in the world. Learn how FSA rules, cold storage, JVCEA token reviews, and the 2025 FIEA shift protect users-and what it means for exchanges and traders.
YodeSwap was a Dogechain-based DEX that promised low fees and yield farming-but it’s now a dead platform with zero liquidity. Learn why it failed, how it was an exit scam, and what to do if you still hold YODE tokens.
Bvnex was a Vietnam-focused crypto exchange that shut down in 2023 after losing user trust, failing audits, and disappearing trading volume. Learn why it vanished and what to look for in a safe exchange today.
Crypto regulations are changing fast in 2025. The U.S. is easing enforcement, the EU is enforcing MiCAR, Asia is attracting business with clear rules, and global bodies are pushing for cross-border compliance. Here’s what you need to know to stay legal.
As of November 2025, there is no verified HyperGraph (HGT) airdrop. No official website, blockchain activity, or exchange listing confirms its existence. Claims about HGT airdrops are scams. Learn how to spot fake crypto airdrops and avoid losing funds.