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United Texas Bank Faces Regulatory Action for AML Failures Linked to ‘Virtual Currency Customers’
4.9.2024
United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate action to rectify issues related to its anti-money laundering (AML) program and corporate governance...
Japan’s Financial Services Agency Includes Crypto in 2025 Tax Proposal
4.9.2024
The Financial Services Agency has released its tax reform requests for fiscal year 2025, highlighting the need to consider the tax treatment of virtual currency transactions as financial assets. This marks the first time virtual currencies are mentioned in such requests. Industry groups have long...
Arbitrum Stylus mainnet launch opens Web3 for traditional coders
3.9.2024
Offchain Labs introduces Arbitrum Stylus on mainnet, enabling DApp development with WebAssembly languages, boosting performance, and lowering gas fees
Arbitrum Stylus mainnet launch opens Web3 for traditional coders
3.9.2024
Offchain Labs introduces Arbitrum Stylus on mainnet, enabling DApp development with WebAssembly languages, boosting performance, and lowering gas fees
Ripple to add smart contracts to XRP Ledger
3.9.2024
The move aims to attract developers and expand XRP Ledger's capabilities, bringing new use cases to its ecosystem
Ripple to add smart contracts to XRP Ledger
3.9.2024
The move aims to attract developers and expand XRP Ledger's capabilities, bringing new use cases to its ecosystem
Amazon to revamp Alexa with Anthropic's Claude AI model: report
2.9.2024
Amazon is set to overhaul its Alexa virtual assistant, integrating Anthropic's Claude AI model to enhance its capabilities, with a new premium version scheduled to launch in October
Chip breakthrough could bring ultra-fast 6G network ‘within a decade’
30.8.2024
This research could have revolutionary implications for tech, especially in the areas of AI, VR, and blockchain
40 Nations Join US and South Korea in Combating North Korean Crypto Crimes
29.8.2024
The U.S. Department of State and the Republic of Korea’s Ministry of Foreign Affairs co-hosted a symposium in New York City on Tuesday, focusing on protecting the virtual asset industry from exploitation by North Korea (DPRK) and disrupting its revenue generation. The event aimed to curb...
Meta cancels next-gen headset as Reality Labs remains mired in VR
24.8.2024
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way
Meta cancels next-gen headset as Reality Labs remains mired in VR
24.8.2024
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way
Meta cancels next-gen headset as Reality Labs remains mired in VR
24.8.2024
There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way
Clucoin Founder Pleads Guilty to Crypto Fraud, Confesses to Personal Use of Investor Funds
23.8.2024
The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which...
HTC launches no-code game creator for ‘Viverse’ metaverse
22.8.2024
Creators can build out massively multiplayer games and social spaces using the in-world VR user interface
There's A World Of Warcraft VR Ride And It's Incredible
22.8.2024
Wandering the vast acres of Microsoft’s hilariously named “booth” at this year’s Gamescom, there were many sights to behold. A vast Space Marine towers over the crowds of journalists, next to an enormous flag-strewn faux-stone hut that houses half-hourly showings of Obsidian’s upcoming RPG Avowed....
Highest Court of China Moves to List Virtual Asset Transactions as a Money-Laundering Tool
21.8.2024
The Supreme People’s Court of China, the highest court of law in the country, and the Supreme People’s Procuratorate have issued a joint document that interprets the current money laundering law and defines several issues related to its application. In this interpretation, the...
Bank of Ghana Unveils Proposed Virtual Asset Regulations
20.8.2024
The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to register and meet...
China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
20.8.2024
Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019.
Seychelles Approves Bill on Virtual Asset Regulation
20.8.2024
The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff. The law aims to balance...
China’s Supreme Court lists Virtual Assets as a money laundering method
20.8.2024
China’s Supreme Court has listed Virtual Assets as a money laundering method as it released “Interpretation on Several…