Tether has signed an MoU with the government of Georgia to develop Bitcoin and P2P infrastructure, aiming to attract international attention and investment to the decentralized space. KuCoin will introduce mandatory KYC checks, requiring new users to complete identity verification, while existing users will need to complete KYC to access certain features. The Law Commission of England and Wales has proposed classifying cryptocurrencies as a new category of personal property, suggesting industry-specific panels and a legal framework for crypto collateral arrangements. Bankrupt Voyager Digital will pay $1.1 million to Kirkland & Ellis for legal fees, while FTX is in talks to relaunch its exchange, involving rebranding and potential compensation for clients.