Regulation Financial News

05.05 / 13:25

regulation Web3 Bitcoin China’s crypto stance unchanged by moves in Hong Kong, says exec

Despite Hong Kong steadily progressing with cryptocurrency adoption, mainland China has not changed its anti-crypto stance in terms of local regulations.

05.05 / 13:25

Technology Adoption regulation privacy Future AI’s Black Box problem: Challenges and solutions for a transparent future

Artificial intelligence (AI) has created a furor recently with its possibility to revolutionize how people approach and solve different tasks and complex problems. From healthcare to finance, AI and its associated machine-learning models have demonstrated their potential to streamline intricate processes, enhance decision-making patterns and uncover valuable insights.

05.05 / 10:37

Blockchain regulation white house DLT International White House to build international standards for DLT

In the United States, the White House released the national standards strategy for key and emerging technologies on May 4, identifying eight technology sectors that will have a significant economic impact in the near future.

05.05 / 10:37

Government Adoption Digital Currency regulation Reserve Bank of Zimbabwe Backed Zimbabwe sets price to sell gold-backed digital tokens

Zimbabwe’s central bank has set a price for its gold-backed digital tokens. The country is planning to sell its gold-backed digital currency to investors starting May 8. The tokens will be sold at a minimum price of $10 for individuals and $5,000 for corporations and other entities.

05.05 / 10:13

Law Binance regulation financing place compliance Binance Addresses Compliance Concerns, Claims Robust Measures in Place to Prevent Terrorism Financing

Leading cryptocurrency exchange Binance has responded to a Reuters report that raised questions about its compliance policies for preventing and tackling cryptocurrency-based financing of terrorism.

05.05 / 06:17

business regulation Microsoft Google white house US vice president gathers top tech CEOs to discuss dangers of AI

The United States vice president and President Biden’s top advisors have held a meeting with several AI industry CEOs to discuss “concerns about the risks associated with AI.”

05.05 / 04:23

Law regulation Terra class action Terraform Labs seeks to dismiss class action arguing US laws don’t apply

Terraform Labs is seeking to have a class action lawsuit against the firm dismissed, arguing the United States securities laws referenced are not applicable to its foreign-developed protocols.

05.05 / 01:45

regulation transactions Africa Taxes Money Transfers remittances Kenya considers tax on crypto, NFT transfers and online influencers

Kenya's lawmakers are considering the introduction of a 3% tax on cryptocurrency and nonfungible tokens (NFTs) transfers and a 15% tax on monetized online content, according to a newly introduced bill.

05.05 / 01:29

business Binance regulation Court Bankruptcy creditors Voyager creditors could start seeing funds in the ‘next few weeks’

Funds stuck on the platform of bankrupt crypto broker Voyager Digital may begin returning to creditors in "the next few weeks," according to a committee of Voyager creditors.

04.05 / 22:57

regulation coinbase reports Coinbase Reports Increased Earnings in First Quarter, While Making the Call for “Crypto Specific Rules”

Crypto exchange Coinbase reported higher revenue in its first quarter, while also pushing for “crypto specific rules,” in its latest earnings report.

04.05 / 21:45

Law Mining regulation Montana governor signs pro-cryptocurrency mining bill into law

Greg Gianforte, the Governor of Montana, has signed into law a bill largely preventing local governments in the state from passing laws prohibiting cryptocurrency mining.

04.05 / 21:35

Government regulation us government white house AML Digital Asset KYC New White House standards strategy could have implications for crypto industry KYC

The administration of United States President Joe Biden released a national standards strategy for critical and emerging technologies on May 4. The strategy stated that the United States would prioritize standards development in eight areas. Among the prioritized areas are “digital identity infrastructure and distributed ledger technologies, which increasingly affect a range of key economic sectors.”

04.05 / 19:45

Law regulation FTX Bankruptcy LedgerX FTX bankruptcy judge approves sale of LedgerX

The judge presiding over crypto exchange FTX’s bankruptcy case has given the green light to a motion allowing the sale of LedgerX.

04.05 / 17:09

Law CBDC Payments regulation North Carolina House passes bill banning CBDC payments to the state

The House of Representatives for North Carolina has unanimously passed legislation aimed at prohibiting payments to the U.S. state using a central bank digital currency, or CBDC.

04.05 / 17:01

regulation Europe Asia Examining global successes and challenges in regulating crypto: Report

The use and popularity of cryptocurrencies have significantly increased in recent years, but their decentralized nature makes them difficult to regulate, and the lack of a clear framework has led to concerns about money laundering, terrorist financing and consumer protection. Over 90 countries have introduced cryptocurrency regulations since 2014, with 28 adopting crypto-related laws in 2022.

04.05 / 11:19

regulation UK government ChatGPT UK reviews AI development: It can ‘drive substantial economic growth’

The United Kingdom’s Competition and Markets Authority (CMA) has officially stepped onto the artificial intelligence (AI) scene after it announced an examination of the impact of the technology on consumers and the economy.

04.05 / 11:15

Blockchain regulation SEC coinbase security Digital Asset SEC has 10 days to respond to Coinbase complaint: Legal exec

According to a May 4 announcement from Coinbase chief legal officer Paul Grewal, the United States Court of Appeals for the Third Circuit responded to the complaint against the U.S. Securities and Exchange Commission (SEC) regarding the need for clear rules for trading digital assets. This marks a development in the legal battle for regulatory clarity.

04.05 / 08:51

Blockchain Mining regulation SEC Bitcoin Regulation National Nigerian national blockchain policy gets government approval

The government of Nigeria — one of the world’s most curious nations about cryptocurrencies like Bitcoin (BTC) — has approved a national blockchain policy during its meeting on May 3, 2023. The approval was in response to a memo presented by Isa Ali Ibrahim, the Minister of Communications and Digital Economy.

04.05 / 02:21

business regulation SEC Digital Asset hedge fund SEC steps back from defining digital assets in new hedge fund rules

The United States securities regulator is holding off from ratifying the definition of the term “digital assets” in rules that govern reporting disclosures for hedge and private equity funds, despite proposing to do so some nine months ago.

03.05 / 23:59

business NFT regulation Trading Fraud crimes Jury convicts former OpenSea manager in NFT-insider trading case

The former OpenSea manager who was accused of insider trading of NFTs has been convicted on May 3 of wire fraud and money laundering in a New York federal court, according to a report from Reuters.

03.05 / 21:13

Law Robinhood regulation Trading Returns Robinhood returns to court to defend position in case brought by US state regulator

Lawyers representing cryptocurrency and stock trading app Robinhood faced off against those for the secretary of the commonwealth of Massachusetts over the legality of a state regulation that could affect how the company markets itself to potential investors.

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