Regulation Financial News

02.06 / 12:11

business regulation Asia ChatGPT Warning OpenAI gets warning from Japanese regulators on data collecting

Officials in Japan are beginning to tighten their stance towards artificial intelligence (AI) after the country's local privacy watchdog warned the ChatGPT parent company about its data collection methods.

02.06 / 08:25

Law regulation Digital Currency Group DCG asks judge to consolidate class-action suits to avoid conflicting decisions

Venture capital firm the Digital Currency Group (DCG) and its CEO Barry Silbert have requested to consolidate two class-action lawsuits over alleged losses during the crypto winter.

02.06 / 07:41

CBDC regulation Central Bank Terrorism Counter Terrorism Financing Crypto Companies NOT Qatar gets slammed for not taking enough action against crypto companies

The global watchdog fighting money laundering and terrorist financing has slammed Qatar Central Bank (QCB) for making little effort to enforce its own regulations prohibiting virtual asset service providers.

02.06 / 07:21

Blockchain regulation SEC Coinbase Derivatives Exchange set to roll out BTC and ETH futures

As the cryptocurrency industry faces regulatory challenges in the United States, public crypto exchange Coinbase is moving forward with its futures contracts.

01.06 / 21:27

regulation Federal Reserve Silvergate Fed board issues order to Silvergate Bank as part of self-liquidation plan

The Federal Reserve Board of the United States has issued a consent order to Silvergate Bank and its parent company as part of the institution’s plans to “wind down operations” and liquidate.

01.06 / 20:35

regulation PayPal P2P P2P Payments Mobile Payments Mobile Wallet NOT Money stored on mobile payment apps may not be FDIC insured, US watchdog warns

Keep your money in an insured account, not on an uninsured payment app, the United States Consumer Financial Protection Bureau (CFPB) warned Americans in a report released June 1. The increasing popularity and utility of nonbank peer-to-peer (P2P) payment apps, including for crypto asset transactions, makes the risk of loss in the event of a crisis ever more concerning, the watchdog said.

01.06 / 19:35

Target Dash Binance regulation Zcash Monero Decred privacy coins Binance Targets Privacy Coins for Delisting in Four European Countries – What's Going On?

Binance, the world’s largest crypto exchange by trading volume, is planning to delist a number of privacy coins for users in Spain, France, Italy and Poland.

01.06 / 18:59

business Binance regulation services What will Binance Australia services look like after debanking?

Binance users in Australia now have a narrowed pool of options to purchase cryptocurrencies amid the ongoing global debanking of crypto businesses. Since 5:00 pm local time on June 1, fiat on-ramps and off-ramps by bank transfers have been halted in Australia. The suspension includes trading for Australian dollar (AU$) pairs.

01.06 / 17:39

Dogecoin Law regulation crimes elon Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit

A group of Dogecoin (DOGE) investors has requested leave to amend a class-action lawsuit against soon-to-be former CEO of Twitter Elon Musk, alleging he manipulated the price of the meme token.

01.06 / 14:01

regulation Central Bank sanctions Bitcoin Georgian central bank to launch AML probe into crypto firms

Georgia, a major cryptocurrency-friendly country among Post-Soviet states, is preparing to start monitoring crypto firms to prevent money laundering and comply with sanctions.

01.06 / 13:34

business regulation Europe European Union ChatGPT Italian senator provokes parliament with AI-generated speech

A senator in Italy spoke before members of the Italian parliament with, unbeknownst to parliament members, a speech entirely composed by artificial intelligence (AI).

01.06 / 12:39

Government Law regulation us government Taxes Bitcoin Does the US have a crypto ‘tax loophole’ problem?

The crypto sector appears to have dodged another bullet. At the time of publication, the United States has reached a political agreement to raise its debt ceiling, avoiding a calamitous default on its obligations, and this resolution probably won’t include any new taxes on cryptocurrencies.

01.06 / 11:59

Provident Twitter Binance regulation Strategy Framework Markets in Crypto-Assets (MiCA) Framework Signed into Law by EU Officials

The European Union’s new Markets in Crypto-Assets (MiCA) rules were on Wednesday signed into law by European officials.

01.06 / 11:25

regulation Altcoin Tether Usd Coin Binance USD ATH Tether USDT regulatory Tether USDT market cap breaks ATH, Binance CEO points at regulatory caps

Tether-issued USDT (USDT) stablecoin broke past a new all-time-high market cap of over $83 billion as it continues its stablecoin market dominance.

01.06 / 09:03

Blockchain regulation Crypto.com Crypto.com joins ranks of licensed payment institutions in Singapore

The Singapore-based cryptocurrency exchange, Crypto.com, announced on June 1 that it had been granted a major payment institution (MPI) license for digital payment token (DPT) services by the Monetary Authority of Singapore (MAS).

01.06 / 07:07

Government Law regulation ChatGPT consultation Australia asks if ‘high-risk’ AI should be banned in surprise consultation

The Australian government has announced a sudden eight-week consultation that will seek to understand whether any “high-risk” artificial intelligence tools should be banned.

01.06 / 05:09

Government regulation copyrights ChatGPT Japanese AI experts raise concern over bots trained on copyrighted material

Japanese artificial intelligence experts and researchers are urging caution over the use of illegally-obtained information to train AI, which they believe could lead to “a large number of copyright infringement cases,” job losses, false information, and the leaking of confidential information.

31.05 / 21:23

regulation Fraud FTX SBF wants to subpoena documents from old FTX/Alameda law firm to use in his defense

Sam Bankman-Fried (SBF) is seeking to subpoena documents from Fenwick & West. That’s the law firm that served as the outside counsel to FTX, Alameda Research and SBF personally from “early in their development” until the FTX bankruptcy. Now SBF’s legal team wants to use the documents in his defense in the 13-count criminal case against him.

31.05 / 21:23

Government Payments regulation Drugs Sen. Elizabeth Warren points to crypto payments as facilitating fentanyl trade in China

Massachusetts Sen. Elizabeth Warren has suggested a link between cryptocurrency payments and companies based in China that provided precursors for the opioid fentanyl.

31.05 / 19:35

Law regulation European Union Framework EU officials sign Markets in Crypto-Assets framework into law

Officials with the European Union have signed the Markets in Crypto-Assets, or MiCA, bill into law following final approval from finance ministers.

31.05 / 18:59

regulation Virtual assets Hong Kong Virtual Assets Consortium launched with Huobi as first member

Huobi has become the first member of the Hong Kong Virtual Assets Consortium (HKVAC), the Seychelles-based cryptocurrency exchange announced on May 31. The new organization promises to provide a ratings service and indexes when it is fully launched.

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