The UK government has rejected a proposal to regulate cryptocurrency like gambling, insisting it's a financial service. Terraform Labs, facing legal issues with its co-founder, has appointed a new CEO, Chris Amani. Kuwait's Capital Markets Authority has issued an absolute ban on major cryptocurrency operations. FTX, a bankrupt crypto exchange, is suing its former CEO, Sam Bankman-Fried, for allegedly misappropriating over $71 million for personal gain. Meanwhile, crypto trading platform Bitget is expanding into the Middle East, with plans to hire up to 60 new staff and explore opportunities in Bahrain and the UAE.