Regulation Financial News

31.05 / 17:35

Government regulation Signature Bank Former House Rep blames industry outsiders for associating crypto with bank's failure

Barney Frank, a former member of the United States House of Representatives and board member of Signature Bank, has pointed fingers at certain members of the public in the wake of the bank’s collapse.

31.05 / 17:15

Binance regulation exchanges reports Binance Chief Communications Officer Responds to Reports on Job Cuts

Binance’s chief communications officer denied that the world’s largest cryptocurrency exchange is cutting 20 percent of its staff, following news reports about the job cuts on Wednesday morning.

31.05 / 16:45

business Binance regulation regulatory Binance plans new round of layoffs to address increased regulatory scrutiny

A fresh headcount reduction is coming to crypto exchange Binance, which is reportedly planning to lay off 20% of its workforce in June. The job cuts come after the company said earlier this year it would not lay off any employees.

31.05 / 14:37

business regulation Europe European Union ChatGPT EU, US should push for AI code of conduct: EU tech chief

Lawmakers in the European Union are seeking to implement a code of conduct for the development and implementation of artificial intelligence (AI) prior to their forthcoming EU AI Act.

31.05 / 13:35

business Binance regulation Europe privacy Zcash Monero Binance to delist privacy tokens in France, Italy, Spain and Poland

Cryptocurrency is going to become less private in Europe as the major exchange Binance is preparing to delist all privacy tokens in countries like France and Italy.

31.05 / 12:55

business regulation security ChatGPT National Warning Chinese officials issue warning about AI and national security

Officials in China have warned about the risks posed by the rapid advancement of artificial intelligence (AI) development and subsequently called for tighter measures on national security.

31.05 / 11:57

business regulation FATF AML AML rules for digital assets to come into effect in UAE

Under the new rules from the Central Bank of the UAE (CBUAE), the licensed financial institutions (LFIs) would be required to identify and verify the identities of all customers. The update will come into effect “within a month,” that is, by the end of June.

31.05 / 10:49

Blockchain regulation Social Media SEC security Former SEC chief warns influencers about prosecution for crypto price manipulation

The United States Securities and Exchange Commission (SEC) is pursuing crypto influencers who have promoted scam projects and are found to be manipulating the prices of certain tokens via social media. Former SEC chief John Reed Stark took to Twitter to warn crypto influencers to be ready to face prosecution.

31.05 / 10:03

Stablecoin regulation Altcoin Police investigation CNHC stablecoin issuer detained by Chinese police: Report

The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer.

31.05 / 05:03

regulation Altcoin memecoin Lawyers Could Ben.eth’s PSYOP tokens face legal scrutiny? It depends, say lawyers

Ben.eth, the pseudo-anonymous memecoin creator behind at least three controversial token launches in recent weeks could fall under the crosshair of United States regulators, crypto lawyers suggest.

31.05 / 03:41

Adoption regulation Central Bank FinTech crypto rules Hong Kong and UAE central banks collab on crypto rules, fintech development

Hong Kong and the United Arab Emirates' (UAE) central banks are looking to collaborate on cryptocurrency regulations and financial technology development.

31.05 / 01:23

UPS Citizens regulation Remark Crypto Too Risky for ‘Most’ Russians, Says Finance Ministry – But Could Be ‘Suitable’ for ‘Some’

Crypto is too risky for “most” Russians, the nation’s Finance Ministry has claimed. But the ministry claimed tokens could be “suitable” for “professional investors.”

30.05 / 21:19

CFTC regulation SEC Futures Derivatives letter compliance US CFTC issues letter on digital asset derivatives, clearing compliance in 3 areas

The United States Commodity Futures Trading Commission (CFTC) has issued a staff advisory letter to registered derivatives clearing organizations (DCOs) and DCO applicants, reminding them of the risks associated with expanding the scope of their activities. The letter from the CFTC Division of Clearing and Risk (DCR) specifically addressed digital assets.

30.05 / 21:19

business regulation Machine Learning Science ChatGPT AI experts sign doc comparing risk of ‘extinction from AI’ to pandemics, nuclear war

Dozens of artificial intelligence (AI) experts, including the CEOs of OpenAI, Google DeepMind and Anthropic, recently signed an open statement published by the Center for AI Safety (CAIS).

30.05 / 19:03

regulation FTX Court Bankruptcy US District Judge sends matter of FTX independent examiner to appellate court

A United State District Judge has referred a motion requesting the appointment of an independent examiner for bankruptcy crypto exchange FTX to appellate court.

30.05 / 14:39

Government Law regulation us government Bitcoin What the ‘anti-mining bill’ means for the crypto industry in Texas

In late April, over a hundred people gathered near the Texas Capitol building to protest.

30.05 / 13:27

Adoption regulation NOT Hong Kong's Crypto Hub Ambitions May Not Last Warns Chinese Crypto Pioneer

Hong Kong’s ambition to become a crypto hub may not be sustainable, according to a Chinese crypto veteran whose digital asset business in China was overturned by a regulatory crackdown.

30.05 / 13:27

regulation copyrights Court ChatGPT Copyright What is fair use? US Supreme Court weighs in on AI’s copyright dilemma

Generative artificial intelligence models such as OpenAI’s ChatGPT are trained by being fed giant amounts of data, but what happens when this data is copyrighted?

30.05 / 12:51

regulation FATF AML Bitcoin bitFlyer adopts crypto deposit limits to comply with Travel Rule

Cryptocurrency exchanges in Japan are preparing for the enforcement of the Financial Action Task Force’s Anti-Money Laundering (AML) regulations known as the Travel Rule.

30.05 / 12:27

Government Law regulation Texas legislative session winds down with crypto bills still in limbo

The 88th legislative session for the government of the state of Texas will end on May 29 without any resolution to certain bills affecting aspects of the digital asset space.

30.05 / 12:27

Government Mining regulation Taxes lawmaker Deal Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker

A tentative deal aimed at stopping the United States government from defaulting on its debts would likely eliminate a proposed tax on the energy usage of cryptocurrency miners, according to Ohio Rep. Warren Davidson.

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