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G7 antitrust watchdogs signal possible action on AI sector competition
7.10.2024
The G7 nations want to ensure AI isn’t used to facilitate "collusion” between AI firms that could lead to the sharing of sensitive information or forming a monopoly
Consumer watchdogs call for EU action on in-game digital money
13.9.2024
Consumers fall prey to many deceptive practices when buying and using in-game currencies in video games, claims BEUC
Federal Watchdogs Flag 4 Major US Banks for Lack of Crisis Management; Demand Living Will Revisions
22.6.2024
Federal authorities have spotlighted critical deficiencies in the crisis management strategies—known as “living wills”—of four major U.S. banks, signaling a push for stronger safeguards against financial turmoil. The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve...
Report: 30% of UK Watchdog’s Financial Crime Experts Focused on Crypto Businesses in 2022-23
3.5.2024
According to a report, the Financial Conduct Authority, a watchdog for the financial services industry in the U.K., had 30% of its financial crime specialists focused on crypto-asset businesses. Assessments conducted by supervisors in the U.K. found that not only crypto-asset businesses, but nearly...
Asset Tokenization Draws Focus From Global Securities Watchdogs
12.4.2024
The International Organization of Securities Commissions wants to analyse whether or not further policy direction is needed for tokenization
Spanish Court Upholds Privacy Watchdog’s Decision to Halt Worldcoin Activities
19.3.2024
The Audiencia Nacional (National Hearing), a Spanish special tribunal, has maintained the measures that the AEPD, the private data watchdog in the country, has taken against Worldcoin. The court determined that the defense of the general interest of protecting the people’s data must prevail...
People’s Bank of China Stresses on Global Regulation for Crypto and DeFi Markets
22.12.2023
Source: Eagle/Adobe China’s central bank has called on global financial authorities to regulate the digital asset and decentralized finance (DeFi) markets in its recent financial stability report. The People’s Bank of China released a report on Dec 22 highlighting a regulatory pathway for local...
UK Financial Watchdogs Publish Plans to Regulate Stablecoins
6.11.2023
The U.K. government published plans for regulating crypto last week
Bitfinex Lands on UK Financial Watchdog’s Warning List for Unauthorized Promotion of Financial Services
31.10.2023
The Financial Conduct Authority (FCA) in the UK has raised concerns about Bitfinex, a cryptocurrency exchange, that it may be promoting financial services or products without the FCA’s permission. On October 27, the FCA in the UK issued a public warning regarding Bitfinex, expressing concerns...
US industry watchdogs oppose draft bill on crypto market structure
13.7.2023
The group sent a detailed letter to the U.S. House Financial Services Committee accusing the crypto market of seeking favorable legislation under the guise of crypto innovation
What People Get Wrong When They Think About Video Game AI
16.2.2023
Last year, AI generated art finally broke through the mainstream—but not without significant public controversy. The rampant art theft required to build an AI’s dataset and the resulting forgeries eventually led to a class action lawsuit against AI generators. Yet that hasn’t stopped developers...
Australia bolsters crypto watchdogs in ''multi-stage' plan to fight scams
3.2.2023
The new measures from the Australian government come as cryptocurrency scams skyrocketed 162% to $221 million in 2022
Regulatory Clarity? Financial Watchdogs Could Not Be More Clear
27.1.2023
Financial Stability Watchdogs Vow to Tackle DeFi, Learn FTX Lessons
6.12.2022
Policymakers from the world’s major jurisdictions want a crypto rulebook
Crypto Conglomerates Require 'Urgent Regulatory Attention,' European Watchdogs Say
10.11.2022
The collapse of crypto exchange FTX and resulting turmoil are drawing concern from financial stability guardians
Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors
24.6.2022
Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies around the world should do more to ensure investor protection. Swiss Financial Watchdog Executive...
US Watchdogs Send More Warning Signs to Altcoins & DeFi, But Coinbase Has a Plan
22.9.2021
ing to steal a march on regulators – by issuing its own proposals for policing the sector.In a video interview with the Washington Post, Gensler likened stablecoins to gambling tokens, stating that “Stablecoins are acting almost like poker chips at the casino gaming tables.”He stated that
Securities Watchdogs File Orders Against Crypto Lender Celsius
18.9.2021
A news release published by the New Jersey government web portal indicates that the cryptocurrency lending platform Celsius has been sent a cease and desist order from the New Jersey Bureau of Securities. Furthermore, the Texas State Securities Board has ordered Celsius to appear at a hearing...
Mica Law Draft Designates CNMV and Bank of Spain as Crypto Watchdogs
25.6.2021
The latest Mica (Europe’s Markets in Crypto-Assets Regulation) revision designates the CNMV and the Bank of Spain as the main cryptocurrency watchdogs in the country. The draft also stipulates that companies offering services in the EU will need to be based in a European country. The norm...
South Korean Financial Regulator Confirms Privacy Coin Delistings- Adds New Guidelines to Report Unusual Transactions
22.2.2021
South Korean financial watchdogs are about to start overseeing crypto-related activities in the nation, and additional barriers for exchanges keep appearing. Moreover, one of the South Korean regulatory bodies codified the measures announced last year on privacy coin listings. No Major Domestic...