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regulation

South Korea imposes new supervisory fees on top exchanges
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10 August, 2024

South Korea imposes new supervisory fees on top exchanges

Upbit is expected to cough out the largest amount at nearly $103,000 in the Financial Services Commission’s new and unexpected...
NYAG outlines benefits and risks of AI in anticipation of potential regulation
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9 August, 2024

NYAG outlines benefits and risks of AI in anticipation of potential regulation

Key benefits included AI’s application in the healthcare sector and the streamlining of administrative tasks, while possible risks include algorithmic...
New bill pushes blockchain use in US Veterans Affairs
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9 August, 2024

New bill pushes blockchain use in US Veterans Affairs

Rep. Nancy Mace introduced a bill that pushes the U.S. Department of Veterans Affairs to explore how blockchain can enhance...
‘Crypto’-friendly Customers Bank hit with Fed Reserve enforcement action
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9 August, 2024

‘Crypto’-friendly Customers Bank hit with Fed Reserve enforcement action

The Fed Board hit Customers Bank with an enforcement action after results of inspections carried out by the central banking...
Ripple fined $125 million, barred from future securities law violations
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8 August, 2024

Ripple fined $125 million, barred from future securities law violations

U.S. District Judge Analisa Torres gave Ripple 30 days to pay its $125 million penalty while permanently restraining and enjoining...
Qatar exploring tokenization despite digital currency ban
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8 August, 2024

Qatar exploring tokenization despite digital currency ban

The Qatar Financial Centre launched the Digital Assets Labs and is now welcoming the first cohort of 20 participants who...
Binance protests $86M tax bill for unauthorized operations in India
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7 August, 2024

Binance protests $86M tax bill for unauthorized operations in India

India's Directorate General of GST Intelligence unit has issued a show cause notice to Binance demanding a GST payment of...
Hong Kong must accelerate the development of Web3, lawmaker says
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7 August, 2024

Hong Kong must accelerate the development of Web3, lawmaker says

Johnny Ng pledged Hong Kong’s commitment to “open the market in a gradual, progressive and responsible manner” as he called...
Bloody Monday
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6 August, 2024

Bloody Monday

As the world enters yet another market turmoil, the importance of investing in an asset with actual utility and can...
ESMA warns national authorities over authorization of non-EU digital asset firms
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6 August, 2024

ESMA warns national authorities over authorization of non-EU digital asset firms

Addressing the risks of digital asset firms seeking EU approval, ESMA calls on NCAs to do a "case-by-case assessment" to...
UAE establishes new charter to ensure safe AI usage, equality
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6 August, 2024

UAE establishes new charter to ensure safe AI usage, equality

Ensuring its position as an undisputed leader in AI, the UAE lays out guardrails for developers with commercial AI offerings,...
US Copyright Office calls for ‘prompt federal action’ to combat AI deepfakes
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5 August, 2024

US Copyright Office calls for ‘prompt federal action’ to combat AI deepfakes

The Office released the first part of its report on digital replicas, calling on Congress to enact a new law...