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Regulators are misguided in efforts to restrict open-source AI
31.7.2024
Lawmakers in Europe and California are worried about that open-source AI is "dangerous." On the contrary — there is nothing dangerous about transparency
Hong Kong Regulators Say Proposed Stablecoin Regulation Has Received Positive Stakeholder Feedback
19.7.2024
Hong Kong regulators announced the conclusion of a stablecoin regulation consultation phase that saw stakeholders provide 108 submissions. The regulators claimed that the proposed regulatory requirements received positive feedback from stakeholders. Stakeholders Support Introduction of Stablecoin...
Former US solicitor general claims regulators want to ‘debank’ crypto
5.7.2024
Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve
U.S. Supreme Court Says No More In-House Tribunals for the SEC, Other Federal Regulators
27.6.2024
The U.S. Supreme Court ruled Thursday to strip the U.S. Securities and Exchange Commission (SEC) of one of its key enforcement processes, deciding in a 6-3 vote that the federal agency’s use of in-house judges is a violation of the constitutional right to a jury trial
Abra, CEO Barhydt settle with 25 US states over licensing violations
26.6.2024
Other states can join in the settlement, which will see up to $82.1 million returned to customers
Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations
26.6.2024
Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states. Abra Reaches...
The Two-Class System of Regulation Plaguing Europe
25.6.2024
In the rapidly evolving landscape of digital finance, the emergence of crypto assets has introduced unprecedented challenges as well as opportunities for regulators who provide proactive frameworks across the globe. The European Union is the largest government body that has done so through...
Ethereum options data highlights bears’ plan to keep ETH price under $3.6K
20.6.2024
$4 billion worth of Ethereum options are set to expire on June 28, with the balance of forces centered around $3,500
Zimbabwean Regulators Develop Framework for Virtual Assets Trading
18.6.2024
The Securities and Exchange Commission of Zimbabwe (SECZ) and the Reserve Bank of Zimbabwe (RBZ) are reportedly developing a framework for virtual asset trading. The framework aims to provide clear legislation, client protection under the Data Protection Act, and educational support. Challenges...
Australian Court Exempts Block Earner from Paying Penalty; Criticizes Regulator’s Misleading Press Release
5.6.2024
A Federal court in Australia has relieved the crypto firm Block Earner from paying a penalty for breaching the financial services law when it offered the Earner product. According to the ruling, Block Earner “acted honestly and not carelessly,” hence it should not be made to pay...
Arkbit crypto mining MLM fraud busted by Texas regulators
29.5.2024
Arkbit falsely claimed to operate Arkansas-based data centers for cloud mining various cryptocurrencies
Argentine Officials Met With Salvadoran Regulators to Discuss Bitcoin Adoption and Regulation
27.5.2024
Argentine officials of the CNV, the country’s equivalent to the U.S. SEC, and Salvadoran officials of the CNAD, the National Commission for Digital Assets, met on May 23 to discuss bitcoin regulation and adoption issues. This meeting was the second between these two institutions and hints...
El Salvador authorities discuss Bitcoin with Argentinian regulators
27.5.2024
El Salvador authorities are in talks with Argentinian regulators about Bitcoin adoption. The news was confirmed by the CNV (National Securities Commission of Argentina). According to an official notice, the CNV confirmed that top officials from both parties had a meeting recently. The parties...
South Korea Urged to Follow US Lead on Crypto ETFs After Ethereum Approval
27.5.2024
The US Securities and Exchange Commission's approval of spot Ethereum ETFs last week has ignited pressure on South Korea's financial regulators to greenlight similar crypto exchange-traded funds.
The post South Korea Urged to Follow US Lead on Crypto ETFs After Ethereum Approval appeared first...
Argentinian Regulators Talk Bitcoin with El Salvador Authorities
27.5.2024
Argentinian regulators have been talking to their counterparts in El Salvador about Bitcoin (BTC) adoption, the National Securities Commission of Argentina (CNV) confirmed this weekend.
The post Argentinian Regulators Talk Bitcoin with El Salvador Authorities appeared first on Cryptonews
US ETH ETF approval pressures Korean regulators
25.5.2024
Unlike their U.S. counterparts, Korea’s FSC and FSS have been cautious about allowing crypto trading on traditional securities markets
Florida Court Grants Relief to Binance.US, Suspension Overturned
23.5.2024
A state appeals court ruled Wednesday that Florida regulators acted improperly when they blocked Binance from operating in the state. The decision effectively means Binance can now resume operations there.
The post Florida Court Grants Relief to Binance.US, Suspension Overturned appeared first...
SEC's Gensler Says House Bill Would 'Undermine' Regulator's Crypto, Capital Markets Oversight
22.5.2024
The Financial Innovation and Technology for the 21st Century Act would hurt investors and hamper the U.S. Securities and Exchange Commission's work, SEC Chair Gary Gensler said Wednesday
Ethereum Soars As Analysts Predict Higher Likelihood of ETF Approval
22.5.2024
Ether's price has surged over 20%, fueled by rumors that US regulators might finally approve Spot Ethereum ETFs. The price surge has surprised traders as most anticipated the SEC would delay or reject the first ether ETF by Thursday.
The post Ethereum Soars As Analysts Predict Higher Likelihood...
India’s SEBI recommends local regulators to monitor crypto trading
16.5.2024
Documents reveal SEBI’s recommendation for distributed regulatory oversight of cryptocurrencies in India