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regulation

Financial Services Committee approves bill prohibiting CBDC in US
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22 September, 2023

Financial Services Committee approves bill prohibiting CBDC in US

The U.S. House Financial Services Committee has approved the CBDC Anti-Surveillance State Act, which will now be put before the...
UK anti-trust regulator pushes against AI monopoly by industry players
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22 September, 2023

UK anti-trust regulator pushes against AI monopoly by industry players

Competition and Markets Authority, the U.K.'s anti-trust regulator, calls for AI guardrails to prevent monopolies as it leads efforts to...
HSBC, HKUST partner on e-HKD CBDC pilot to complement banking regulator efforts
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22 September, 2023

HSBC, HKUST partner on e-HKD CBDC pilot to complement banking regulator efforts

HSBC and HKUST Business School collaborate on a hypothetical e-HKD pilot to aid Hong Kong Monetary Authority in CBDC development,...
UnionBank of the Philippines secures VASP license to offer digital asset services
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22 September, 2023

UnionBank of the Philippines secures VASP license to offer digital asset services

Bangko Sentral ng Pilipinas has granted UnionBank of the Philippines with a VASP license, allowing it to provide wide range...
Brian Armstrong’s ‘Make Coinbase Great Again’ campaign falling flat
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21 September, 2023

Brian Armstrong’s ‘Make Coinbase Great Again’ campaign falling flat

Coinbase is trying to rally support for reducing regulatory oversight of its operations, even as U.S. regulators warn that additional...
House of Lords passes bill to empower authorities to seize digital assets
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21 September, 2023

House of Lords passes bill to empower authorities to seize digital assets

The new legislation amends several acts to, among other things, insert digital asset-related definitions and mechanisms to extend existing powers...
Malta consults on revised digital asset rules to align with MiCA
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21 September, 2023

Malta consults on revised digital asset rules to align with MiCA

The MFSA has launched a public consultation on proposed changes to its digital asset regulations to align them with the...
Japanese startups secure nod to issue digital assets for funding boost
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21 September, 2023

Japanese startups secure nod to issue digital assets for funding boost

Startups in Japan are now allowed to issue digital assets, including digital currency tokens, as the country aims for a...
Hong Kong issues warning against digital asset firms claiming to be banks
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20 September, 2023

Hong Kong issues warning against digital asset firms claiming to be banks

The Hong Kong Monetary Authority warned Virtual Asset Service Providers against using the term “deposits” to describe funds placed with...
Brazilian regulators join group of nations in creating comprehensive AI rules
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19 September, 2023

Brazilian regulators join group of nations in creating comprehensive AI rules

Brazil's Senate Commission on AI embarks on a plan for comprehensive AI regulations, initiating the rollout of inaugural AI law...
IMF’s CBDC blueprint calls for ‘paced and iterative’ approach among banking regulators
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19 September, 2023

IMF’s CBDC blueprint calls for ‘paced and iterative’ approach among banking regulators

IMF seeks to guide banking regulators on CBDCs for local economies, emphasizing phased, iterative, and jurisdiction-specific approaches.
CFTC says existing regulations sufficient for ‘crypto,’ pledges to crack down on DeFi
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19 September, 2023

CFTC says existing regulations sufficient for ‘crypto,’ pledges to crack down on DeFi

In a recent speech, CFTC Director Ian McGinley said the existence of DeFi exchanges is a threat to the markets...