Ledger at Best Buy, Binance's Messages, Update for Mt. Gox Creditors, and More News

Exchange news

• According to Mt. Gox trustee Nobuaki Kobayashi, creditors of the defunct bitcoin (BTC) exchange Mt. Gox have until September 15 to submit claims; a payout date has not yet been established. (Read more: Are Markets Prepared for Upcoming Mt. Gox Payouts?)
• According to Reuters, who cited a late 2020 written request, the US Justice Department's money laundering division asked Binance to voluntarily turn over messages from its CEO and 12 other executives and partners on topics like the exchange's identification of illegal transactions and the pursuit of US customers. According to Binance, "This is a typical procedure for any regulated firm." Four people familiar with the investigation told the story that the request was a component of an ongoing examination into Binance's compliance with US financial crime laws.
• A California court found that claims against crypto exchange Coinbase accusing it of violating California consumer laws during crypto sweepstakes will not hold, but the court declined to allow remaining claims against the company that marketed the sweepstakes to move to arbitration, Law360 reported.
• In an effort to safeguard customers despite growing interest in cryptoassets, the Indonesian government plans to open a cryptocurrency exchange by the end of 2022, according to a report by Deal Street Assia, quoting Jerry Sambuaga, Indonesia's deputy commerce minister. The exchange's launch has already been delayed twice.
• Bybit announced a partnership with US fintech company Circle to provide spot cryptocurrency trading pairs priced in US dollars (USDC). The action follows Bybit's introduction of cryptocurrency options contracts with USDC settlement earlier this year.

Wallet news

• Ledger, a major maker of hardware wallets, said that more than 900 Best Buy locations throughout the US now provide same-day pickup for its Ledger Nano X and Nano S Plus devices.

DeFi news

• Community-led asset management protocol Babylon Finance announced that it is ending the project since it has been unable to reverse the bad momentum brought on by the Rari/FEI hack. "Consolidate all remaining Treasury Holdings and Distribute them to BABL and hBABL Holders," they pledged.

CBDCs news

• The Technical Sandbox Program for the Digital Dollar Project is set to launch in early October, according to the organization, which has the support of Christopher Giancarlo, a former commissioner of the US Commodity Futures Trading Commission. It aspires to kick-start additional research into the technical applications of digital money issued by the US central bank.

Regulation news

• The Assembly approved the bill on Tuesday after the Senate did so the day before, bringing it one step closer to becoming law and requiring businesses that provide cryptocurrency financial services to obtain a special license. To sign or veto the bill, Governor Gavin Newsom has until September 30.

Career news

• Former CFTC Commissioner Jill Sommers has joined the board of directors of FTX US Derivatives, a futures and options exchange and clearinghouse for digital assets that are governed by the US Commodity Futures Trading Commission (CFTC).
• International legal firm Brown Rudnick announced the addition of partners in the Digital Commerce practice Stephen Palley, Matthew Richardson, Preston Byrne, and Hailey Lennon.