regulation Archives

UK lawmakers pass bill allowing ‘crypto’ freezing and seizure

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10 July, 2023

UK lawmakers pass bill allowing ‘crypto’ freezing and seizure

The House of Lords passed the bill introduced last September, allowing authorities to seize illicit digital asset funds and courts...

Thailand: Digital currency firms banned from offering staking, lending services

Business

Wahid Pessarlay

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8 July, 2023

Thailand: Digital currency firms banned from offering staking, lending services

The new rules include a requirement for digital currency exchanges and brokers in Thailand to include warnings on the danger...

Japan to shun ‘impossible’ EU AI regulations, leans toward soft approach: report

Business

Steve Kaaru

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8 July, 2023

Japan to shun ‘impossible’ EU AI regulations, leans toward soft approach: report

While the European Union and Japan have pledged to work together on AI, the latter wants to emulate United States’s...

UK’s financial watchdog clamps down on digital currency promotion with new regulations

Business

Wahid Pessarlay

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8 July, 2023

UK’s financial watchdog clamps down on digital currency promotion with new regulations

VASPs in the U.K. have until October 8 to comply with the new rules laid out by the FCA, which...

South Korea passes bill aimed at protecting consumers a year after Terra’s collapse

Business

Wahid Pessarlay

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7 July, 2023

South Korea passes bill aimed at protecting consumers a year after Terra’s collapse

The latest bill comes with severe consequences for breachers but pundits claimed that the regulation is stuck in the perspective...

US lawmaker calls for clear labeling of AI-generated content to curb misinformation

Business

Wahid Pessarlay

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7 July, 2023

US lawmaker calls for clear labeling of AI-generated content to curb misinformation

U.S. Senator Michael Bennet stresses a wide-scale industry collaboration is needed to curb the misuse of AI, beginning with clear...

Canada proposes national strategy to foster blockchain, digital assets adoption

Business

Steve Kaaru

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6 July, 2023

Canada proposes national strategy to foster blockchain, digital assets adoption

Canadian legislators recently published a report with 16 proposals to promote blockchain technology and protect individuals’ right to own digital...

North Carolina seeks to hold digital assets, gold on the balance sheet

Business

Steve Kaaru

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6 July, 2023

North Carolina seeks to hold digital assets, gold on the balance sheet

A bill that sailed through the House wants North Carolina to experiment with gold and digital assets to hedge against...

Business

James Field

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6 July, 2023

UK financial regulator warns unregistered firms to prepare for incoming digital asset promotion rules

The Financial Conduct Authority wrote to unregistered firms marketing digital assets to U.K. customers, warning them to comply with the...

Singapore orders digital currency firms to keep customer funds ‘under statutory trust’

Business

Wahid Pessarlay

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6 July, 2023

Singapore orders digital currency firms to keep customer funds ‘under statutory trust’

Under the new measures, digital currency firms in Singapore are expected to "segregate customers' assets from its own assets and...

Tech executives slam EU’s AI regulation over stifling innovation

Business

Wahid Pessarlay

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5 July, 2023

Tech executives slam EU’s AI regulation over stifling innovation

The coalition argues that the proposed rules could force leading AI researchers out of the region, while the European Union...

European Commission publishes digital euro bill, gives green light to ECB

Business

Steve Kaaru

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4 July, 2023

European Commission publishes digital euro bill, gives green light to ECB

The European Commission’s bill underpins the right of every resident in the eurozone to pay for free with the digital...

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