Regulation Financial News

13.09 / 21:11

regulation Tencent ChatGPT OpenAI Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China

Alibaba announced that its proprietary large language model, an artificial intelligence system called Tongyi Qianwen, will be available for public and enterprise access throughout China starting Sept. 13.

13.09 / 19:33

regulation FTX Bankruptcy Court approves sale of FTX digital assets

The Delaware bankruptcy court has approved the sale of FTX digital assets. Judge John Dorsey made the ruling at a hearing on Sept. 13. Major changes were made to the order authorizing the sale on the previous day.

13.09 / 18:31

regulation European Union Taxes Support EU parliament votes overwhelmingly in support of DAC8 crypto tax reporting rule

Lawmakers in the European Parliament voted overwhelmingly in support of the eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule, in a plenary session on Sept. 13.

13.09 / 18:31

regulation SEC security SEC charges company behind Stoner Cats NFT series with unregistered securities sale

Stoner Cats 2 LLC (SC2), the company behind the "Stoner Cats" animated series, has agreed to a cease-and-desist order and other measures imposed by the United States Securities and Exchange Commission after being charged with conducting an unregistered offering of crypto-asset securities in the form of nonfungible tokens (NFTs).

13.09 / 14:09

business regulation Huobi FTX TRON HTX Huobi’s new name HTX raises community eyebrows

Cryptocurrency exchange Huobi is celebrating its 10th anniversary with a controversial marketing move — the firm is rebranding from “Huobi” to “HTX,” echoing the name of the bankrupt exchange FTX.

13.09 / 10:39

Technology regulation NVIDIA IBM US President Adobe, IBM, Nvidia join US President Biden's efforts to prevent AI misuse

Adobe, IBM, Nvidia and five other companies have endorsed U.S. President Joe Biden's voluntary artificial intelligence (AI) commitments, including watermarking AI-generated content.

13.09 / 10:29

regulation Bank of England Financial Stability Board Incoming BoE Deputy Governor Discusses Crypto's Value and Risks

The incoming deputy governor of financial stability at the Bank of England (BoE) has said that crypto does not yet pose much of a risk to financial stability.

13.09 / 06:13

business Ripple regulation SEC crypto startups US ‘the only country’s crypto startups should avoid, says Ripple CEO

The United States is one of — if not the worst — place to launch a cryptocurrency startup in the world right now, according to Ripple CEO Brad Garlinghouse, whose firm is in a legal battle with the U.S. securities regulator.

13.09 / 05:03

CBDC regulation Federal Reserve Congress bills Rep. Tom Emmer reintroduces anti-CBDC bill to Congress

Legislation aimed at preventing “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC) has been reintroduced by Representative Tom Emmer.

13.09 / 02:43

business Law regulation Fraud us government FTX Court SBF’s lawyers want to quiz jurors on crypto, altruism and ADHD

Potential jurors in the upcoming criminal trial of former FTX CEO Sam Bankman-Fried could be asked their thoughts on crypto, effective altruism and attention-deficit disorder as his lawyers want to weed out those they consider unsuitable.

12.09 / 21:59

regulation FTX Fried Bankman-Fried's request for temporary release denied amid upcoming trial

Former FTX boss Sam Bankman-Fried will likely remain behind bars while until his Oct. 3 trial commences after a United States District Court judge denied his request for temporary release.

12.09 / 20:17

regulation Fraud Money laundering OneCoin OneCoin co-founder Greenwood gets 20 years in US jail for fraud, money laundering

Karl Greenwood, co-founder of OneCoin with Ruja Ignatova, was sentenced in the United States to 20 years in prison and ordered to pay $300 million on Sept. 20. Ignatova remains at large.

12.09 / 20:17

Government Technology regulation SEC Financial Gary Gensler confirms SEC’s use of AI for financial surveillance

United States Securities and Exchange Commission (SEC) Chair Gary Gensler testified on Sept. 12 in a Senate oversight hearing that his agency was currently using artificial intelligence (AI) technologies to monitor the financial sector for signs of fraud and manipulation.

12.09 / 18:25

regulation Fraud crimes Tech Analysis Petition hopes to stop US government agencies from using Chainalysis’ forensics

A petition was created on Change.org on Sept. 12 to oppose the use of Chainalysis forensic services by federal agencies. The petition questioned Chainalysis’ accuracy and raised legal issues related to the activities of the blockchain data analysis firm.

12.09 / 14:05

business Blockchain regulation lending Bankruptcy Celsius Former Celsius CEO Mashinsky seeks dismissal of FTC case

Alex Mashinsky, founder and former CEO of now-bankrupt crypto lender Celsius, filed a new motion in court seeking the dismissal of the United States Federal Trade Commission case against him “in its entirety.”

12.09 / 11:05

regulation UK FCA Luno Exchange to Temporarily Halt Certain UK Client Investments Due to Upcoming FCA Regulations

Luno, a crypto exchange owned by Barry Silbert’s Digital Currency Group (DCG), plans to stop certain UK clients from trading crypto due to regulatory changes that are coming into effect.

12.09 / 11:05

regulation coinbase Ledger Crypto Companies regulatory Leading Crypto Companies Band Together to Advocate for Regulatory Clarity in Texas

In an effort to promote regulatory clarity in the cryptocurrency industry, several prominent crypto and blockchain companies have joined forces to establish the Crypto Freedom Alliance of Texas.

12.09 / 10:55

regulation Advertising marketing Financial Services FCA Financial FCA unveils enhanced screening checks for financial adverts

'By introducing these new checks, we will ensure people approving adverts have the right skills and understanding they need to do so.'

12.09 / 10:55

regulation goldman sachs banking Bank of America jp morgan Global reports capital rules JPMorgan's Dimon warns bank stocks will suffer under US capital rules - reports

JP Morgan Chase CEO Jamie Dimon

12.09 / 08:51

Binance regulation SEC Court Bitcoin Binance.US calls SEC’s court requests 'unreasonable' in new filing

Binance.US has responded to the motion to compel and reply by the United States Securities and Exchange Commission (SEC), calling most of the SEC’s requests “unreasonable” and “unduly burdensome.”

12.09 / 08:01

Adoption CFTC regulation cryptocurrency investment investigation CFTC Commissioner plans to modernize investor protection with technology

CFTC Commissioner Christy Goldsmith Romero recommended regulators modernize its protection measures using technological advances as she warned that failure to do so would have a negative impact on American investors.

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