Regulation Financial News

31.03 / 14:57

regulation coinbase elon Elon Musk-led petition to halt AI development divides tech community

Tesla CEO Elon Musk and Apple co-founder Steve Wozniak were signatories on an open letter signed by more than 2,600 tech industry leaders and researchers. The open letter called for a temporary halt on any further artificial intelligence (AI) development.

31.03 / 13:19

Technology regulation Italy blocks ChatGPT, investigates suspected violations

Italy’s watchdog in charge of protecting data has announced that it’s temporarily blocking the artificial intelligence chatbot ChatGPT and is opening an investigation over suspected breaches of data privacy rules.

31.03 / 13:19

regulation Social Media Web3 marketing How a TikTok ban in the US could affect the crypto industry

On March 23, the world watched as United States lawmakers questioned TikTok CEO Shou Chew at a House Energy and Commerce Committee hearing in Washington. In the hearing, lawmakers grilled the CEO over suspicions that the Chinese government is gathering user data through the app.

31.03 / 10:41

business Binance Payments regulation Fiat Money Binance USD Withdrawals BUSD deposits and withdrawals via OCBS suspended on Binance.US

Amid the ongoing uncertainty around the global banking turmoil, Binance’s United States-based arm Binance.US is halting some services.

31.03 / 10:13

Binance CFTC regulation Binance Crypto Exchange Accused of Allowing U.S. Firms to Circumvent Derivatives Trading Ban – What's Going On?

Binance has been accused by the Commodity Futures Trading Commission (CFTC) of allowing trading firms based in the US to trade crypto derivatives on Binance’s international exchange.

31.03 / 06:03

business regulation Europe Middle east Bankruptcy FTX EU launches withdrawal website to pay back European users

The European arm of FTX, FTX EU has launched a website to allow European customers to submit withdrawal requests.

31.03 / 02:15

business regulation coinbase Survey Senate Terra Luna Elections NOT Polls suggest Elizabeth Warren's anti-crypto army strategy may not pay off

The United States Senator for Massachusetts Elizabeth Warren is making her “anti-crypto” agenda one of the centerpieces of her re-election campaign, despite polls suggesting the majority of Americans think crypto is a key innovation for the future.

30.03 / 21:53

regulation us government FinTech Financial OCC’s new Office of Financial Technology has a director and an opening date

The United States Office of the Comptroller of the Currency (OCC) officially announced the establishment of its Office of Financial Technology on March 30. The new office will broaden the OCC’s technology focus and help it stay abreast of the rapid developments in the banking industry, it said.

30.03 / 21:19

Government regulation crimes UK government announces 'robust' crypto regulation as part of economic crime plan

The government of the United Kingdom has laid out plans to step up regulation of crypto assets in its efforts to respond to economic crime in the country.

30.03 / 20:53

regulation Bafin Boerse Stuttgart Digital subsidiary receives final approval for crypto custody

Boerse Stuttgart Digital, the digital asset brand of the Boerse Stuttgart exchange group, announced March 30 that its blocknox service has received final licensing from the German Federal Financial Supervisory Authority (BaFin) to operate as a crypto custodian. Boerse Stuttgart Group now offers fully regulated brokerage, trading, and custody of digital assets, it said.

30.03 / 19:39

defi regulation Federal Reserve Bitcoin Regulation Bitcoin regulatory Bitcoin touches $29K! Why BTC is unaffected by regulatory pressure

In this week’s episode of Market Talks, Cointelegraph welcomes Brent Xu, founder and CEO of Umee — a decentralized finance hub built on the Cosmos SDK that offers tools for macro-level borrowing and lending applications. Before founding Umee, Xu led strategy at Tendermint while setting the strategic roadmap and partnerships for the Cosmos Ecosystem.

30.03 / 17:53

regulation crimes Terra Jail Time Terra co-founder Do Kwon's jail time in Montenegro will be harsh: Report

Do Kwon, currently in custody in Montenegro and potentially awaiting extradition to the United States or South Korea, will reportedly face harsh conditions in the country’s penal system.

30.03 / 16:43

regulation security Kraken Kraken aims for restricted dealer registration in Canada to comply with new rules

Crypto exchange Kraken has filed a preregistration undertaking with the Ontario Securities Commission in Canada seeking restricted dealer status. U.S.-based Kraken is already active in Canada and is acting to comply with new guidance.

30.03 / 16:13

regulation Court Taxes Bitcoin Bitcoin profits are taxable in certain cases, says Denmark’s supreme court

The Justices of the Supreme Court of Denmark have handed down two judgements on whether the sale of Bitcoin (BTC) under certain circumstances qualifies as a taxable event.

30.03 / 16:13

regulation crimes FTX Court Fried Sam NOT Sam Bankman-Fried pleads not guilty to bribery, charges from superseding indictment

Lawyers for former FTX chief executive officer Sam Bankman-Fried have entered a not guilty plea for five additional charges since his December 2022 arraignment, including allegations of bribery.

30.03 / 15:29

regulation Terra Luna Extradition US or South Korea: Terraform Labs Co-Founder Do Kwon Extradition Fate to Be Decided by Judge

A judge will decide whether Do Kwon will be extradited to the United States or South Korea, Montenegro’s justice minister, Marko Kovac, reportedly said.

30.03 / 13:57

event Adoption regulation Web3 Hong Kong turns to Japan for advice after ‘mind-boggling’ Web3 influx

In light of Hong Kong’s commitment to developing cryptocurrency infrastructure, fintech official King Leung has visited Japan to talk with policymakers and regulators in Tokyo to better understand the idea around Web3 digital assets.

30.03 / 11:51

business regulation ICO Crowdfunding restrictions Thai SEC wants to lift restrictions on initial coin offerings

Thailand’s Securities and Exchange Commission (SEC) is preparing to soften retail investment restrictions related to initial coin offerings (ICO) to boost digital investments.

30.03 / 10:59

Adoption regulation Banks AML Bitcoin Regulation Bankruptcy Bitcoin From Bat-Signal to Bitcoin: Projecting 'Orange Pill' on banks as EU drives crypto regulation

“The signal goes on, and he shows up. That's the way it's been. That's the way it will be.” Whenever Gotham faces an existential threat, the Bat-Signal lights up the night sky. In the DC Comics universe, Batman always shows up to save the day when he’s called upon.

30.03 / 10:55

CFTC regulation SEC regulatory As the CFTC and SEC Crackdown on Crypto, Some Experts Believe the Regulatory Teardown Has Just Started – Here's Why

The US crypto industry could be in for a tough time ahead, as regulators continue their crackdown on some of the biggest companies in the space, experts have warned.

30.03 / 10:09

Blockchain Stablecoin CBDC regulation Blockchain and regulated stablecoins to be widely used by 2030, industry execs say

Regulated stablecoins are currently in the spotlight of policymakers as a panel of professionals in the digital regulatory space unpacks their predictions on the use of regulated stablecoins in the future at the World of Web (WOW) Summit in Hong Kong.

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