regulation Archives

Honduras bans banks from dealing with digital assets

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22 February, 2024

Honduras bans banks from dealing with digital assets

Despite regional adoption, banks in Honduras are now banned from investing in, intermediating, or maintaining accounts for entities involved in...

South Carolina, Ohio, Mississippi introduce Blockchain Basics Act to protect ‘crypto’ ownership, mining

Business

Steve Kaaru

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21 February, 2024

South Carolina, Ohio, Mississippi introduce Blockchain Basics Act to protect ‘crypto’ ownership, mining

Proponents say the Act allows Americans to own and self-custody digital assets and engage in mining without fear of anti-crypto...

25% of public firms to increase digital asset investments in 2024, but regulation’s a major challenge: Deloitte

Business

Steve Kaaru

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21 February, 2024

25% of public firms to increase digital asset investments in 2024, but regulation’s a major challenge: Deloitte

A study by accounting firm Deloitte found that an increasingly complex regulatory landscape for digital assets was the most cited...

Peru mulls comprehensive AI framework focused on consumer safety

Business

Wahid Pessarlay

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20 February, 2024

Peru mulls comprehensive AI framework focused on consumer safety

Looking to replicate the EU's effort to curb AI misuse amid rapid adoption, Peru is drafting a framework geared toward...

EU Parliamentary Committee votes in favor of ‘digital euro’ CBDC

Business

James Field

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20 February, 2024

EU Parliamentary Committee votes in favor of ‘digital euro’ CBDC

EU inches closer to having a CBDC after 48 LIBE members voted in favor of the digital euro, but it...

EU AI Act paves the way for regulatory clarity—what does it mean?

Business

Gavin Lucas

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19 February, 2024

EU AI Act paves the way for regulatory clarity—what does it mean?

While critics think that the European Union is over-regulating again with its AI Act, others see this as an advantage...

South Korea to ban unfit exchanges as it ramps up digital asset scrutiny

Business

Steve Kaaru

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18 February, 2024

South Korea to ban unfit exchanges as it ramps up digital asset scrutiny

A three-year license issued to virtual asset service providers (VASPs) in 2021 expires this year, and they have to renew...

MiCA’s treatment of systemic stablecoins is counterproductive for EU: report

Business

Steve Kaaru

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16 February, 2024

MiCA’s treatment of systemic stablecoins is counterproductive for EU: report

Under MiCA, a stablecoin is regarded as of systemic importance if it has over 10 million holders, has over €5...

Isle of Man weighs tougher digital asset regulations

Business

Steve Kaaru

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15 February, 2024

Isle of Man weighs tougher digital asset regulations

The island is considering including ‘crypto’ under the definition of investment, which would subject virtual asset service providers (VASPs) to...

Kenya’s IT industry rejects robotics and AI bill

Business

Steve Kaaru

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14 February, 2024

Kenya’s IT industry rejects robotics and AI bill

Stakeholders in the sector claim that the bill is quick to impose taxes and creates extra bureaucracy without any meaningful...

Digital asset firms continue to flounder in face of strict UK regulations

Business

Gavin Lucas

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13 February, 2024

Digital asset firms continue to flounder in face of strict UK regulations

Rishi Sunak’s vision of the U.K. becoming a global hub for Bitcoin will likely come true, and the U.K. will...

South Africa edging closer to issuing VASP licenses: FSCA official

Business

Steve Kaaru

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13 February, 2024

South Africa edging closer to issuing VASP licenses: FSCA official

FSCA announced in 2023 that all VASPs in the country would be required to apply for a license as part...

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