regulation Archives

Nigeria’s VASP licensing fees are ‘economically unrealistic,’ stakeholders say

-

2 February, 2024

Nigeria’s VASP licensing fees are ‘economically unrealistic,’ stakeholders say

Nigeria’s SEC published licensing guidelines for VASPs in 2022 requiring N500 million ($525,000) paid-up capital, which stakeholders say is unrealistic...

South Africa shortlists 50 applicants for VASP licensing

Business

Steve Kaaru

-

31 January, 2024

South Africa shortlists 50 applicants for VASP licensing

While over 100 companies applied for the license, the FSCA only forwarded 50 companies to the licensing committee, with some...

CFTC seeks feedback on AI use in compliance, warns against utilization of AI trading bots

Business

James Field

-

31 January, 2024

CFTC seeks feedback on AI use in compliance, warns against utilization of AI trading bots

The CFTC's call for comment on AI risks and how regulated entities might use the tech in their compliance efforts...

FSB published work program for 2024—digital currency oversight front and center

Business

Gavin Lucas

-

31 January, 2024

FSB published work program for 2024—digital currency oversight front and center

The Financial Stability Board has released its 2024 work program and plans to take a closer look at tokenization, including...

UAE sets up council to trigger AI development, innovation

Business

Wahid Pessarlay

-

30 January, 2024

UAE sets up council to trigger AI development, innovation

The United Arab Emirates is catching up with technological advancements in the United States, China, and Europe, setting up an...

Regulatory crackdown: South Korea, Taiwan issue arrest warrants; Abra settles in Texas

Business

Steve Kaaru

-

30 January, 2024

Regulatory crackdown: South Korea, Taiwan issue arrest warrants; Abra settles in Texas

The Texas State Securities Board has settled with Abra, which consented to repay $1.8 million to 1,600 investors from the...

Here’s how blockchain is changing the face of commerce in UAE

Business

Wahid Pessarlay

-

29 January, 2024

Here’s how blockchain is changing the face of commerce in UAE

As the United Arab Emirates pivots away from oil, it is keen on establishing itself as a global commercial hub,...

After lifting of CBN ban, Nigerian startups are applying for licenses: report

Business

Steve Kaaru

-

28 January, 2024

After lifting of CBN ban, Nigerian startups are applying for licenses: report

CBN lifted the ban in December, allowing Nigerian banks to serve virtual asset service providers (VASPs), and according to one...

Deutsche Bank-backed Taurus approved to offer tokenized securities to retail clients

Business

Steve Kaaru

-

27 January, 2024

Deutsche Bank-backed Taurus approved to offer tokenized securities to retail clients

Taurus received the regulatory nod from Switzerland’s FINMA, allowing retail clients to trade tokenized securities and digital assets on its...

US President Joe Biden’s Executive Order AI program launches

Business

Patrick Thompson

-

26 January, 2024

US President Joe Biden’s Executive Order AI program launches

The National Artificial Intelligence Research Resource pilot program is up, and this initiative was born from Biden's Executive Order on...

70% of FINRA members’ digital asset communications violated rules: report

Business

James Field

-

26 January, 2024

70% of FINRA members’ digital asset communications violated rules: report

FINRA reviewed over 500 digital asset-related retail communications, of which 70% were found to have breached its rules to be...

WHO warns of AI risks in healthcare, calls for tighter regulatory framework

Business

Wahid Pessarlay

-

26 January, 2024

WHO warns of AI risks in healthcare, calls for tighter regulatory framework

A proactive approach toward AI regulation offers the best chance to mitigate the associated risks posed by the technology, according...

regulation

Recent

Trending

Most Views