regulation Archives

Circle celebrates MiCA stablecoin first as Tether eyes EU exit

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4 July, 2024

Circle celebrates MiCA stablecoin first as Tether eyes EU exit

Circle secured an EMI license from France's banking regulator, while rival Tether continues to avoid discussions about whether its stable...

Nomura subsidiary Laser Digital obtains license to operate in the UAE

Finance

Wahid Pessarlay

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26 June, 2024

Nomura subsidiary Laser Digital obtains license to operate in the UAE

The Nomura subsidiary may provide broker-dealer and fund management services to retail and institutional clients in the UAE, with CEO...

Singapore’s central bank expresses money laundering concerns with digital assets

Finance

Steve Kaaru

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26 June, 2024

Singapore’s central bank expresses money laundering concerns with digital assets

While it considers legacy banking as the biggest risk for money laundering, the Monetary Authority of Singapore believes that digital...

Dealings in digital assets not illegal under Indian law, High Court rules

Finance

Pradipta Mukherjee

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25 June, 2024

Dealings in digital assets not illegal under Indian law, High Court rules

While India moves to regulate the digital asset space, a High Court ruled that digital currencies are not qualified as...

Italy to increase oversight of digital asset market

Finance

James Field

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25 June, 2024

Italy to increase oversight of digital asset market

The policy, moving Italy further towards the standards laid out by MiCA, also designates Italy's central bank and market watchdog,...

Japan adopts friendly stance toward AI to attract global investments

Business

Wahid Pessarlay

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24 June, 2024

Japan adopts friendly stance toward AI to attract global investments

Japan seeks to lure leading AI companies to the country by adopting a “regulatory-light approach,” a step different from the...

UAE opts for US over China on AI collaboration

Business

Wahid Pessarlay

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23 June, 2024

UAE opts for US over China on AI collaboration

Omar Al Olama, the UAE’s Minister of State for AI, revealed the country’s stance in an interview, saying, “There is...

India eyes human-centric AI development, tech collaborations with Japan, UK

Business

Pradipta Mukherjee

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21 June, 2024

India eyes human-centric AI development, tech collaborations with Japan, UK

India's PM Narendra Modi highlighted the usage of AI for human progress and how the rise of technology in various...

India charges Binance $2.2M in penalty for non-compliance; industry praises regulatory prowess

Business

Pradipta Mukherjee

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20 June, 2024

India charges Binance $2.2M in penalty for non-compliance; industry praises regulatory prowess

India's FIU charged Binance a penalty of $2.2 million, saying it was "substantiated" after a scrutiny that included oral and...

FSB Plenary praises progress on addressing financial stability risks relating to digital assets

Finance

James Field

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20 June, 2024

FSB Plenary praises progress on addressing financial stability risks relating to digital assets

The Financial Stability Board Plenary meeting discussed the general outlook for global financial stability and the progress made in implementing...

Hong Kong Treasury chief: We’re leading in Web3 with digital currency ETFs, enabling regulations

Business

Steve Kaaru

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20 June, 2024

Hong Kong Treasury chief: We’re leading in Web3 with digital currency ETFs, enabling regulations

Christopher Hui had been on a European tour, pushing Hong Kong as the premier Web3 hub with its digital currency...

Philippines: MARINA introduces blockchain-powered system to enhance maritime services

Finance

Jun Bolivar

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20 June, 2024

Philippines: MARINA introduces blockchain-powered system to enhance maritime services

Department of Transportation’s undersecretary for Maritime Affairs has announced the introduction of MARINA's Blockchain-Enabled System for Transactions, which is designed...

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