Blockchain Technology
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Regulations -
1 month ago
US SEC chair Gary Gensler condemned “AI washing” or the abuse of artificial intelligence (AI) and said such activities “may violate the securities laws.”
Gensler made the statements on March 18 in tandem with lawsuits and regu...
Blockchain Technology
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Regulations -
1 month ago
A Federal High Court in Nigeria has ordered Binance to provide detailed information on all its Nigerian users to the country’s foremost anti-corruption agency — the Economic and Financial Crimes Commission (EFCC).
The ruling comes amid rising t...
Blockchain Technology
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Regulations -
1 month ago
Over the years, the Asia Pacific region (APAC) has established itself as an impressive environment for the rapidly growing technology industry. From the bustling tech hub of Singapore to the financial might of Hong Kong, the flourishing Web3 communit...
Blockchain Technology
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Regulations -
1 month ago
Grayscale amended a regulatory filing through which it intends to convert its Ethereum Trust to a spot exchange-traded fund (ETF).
The company’s March 15 amendment strengthens its earlier filing in multiple ways. The update supports the argumen...
Blockchain Technology
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Regulations -
1 month ago
Hong Kong financial regulator, the Securities and Futures Commission (SFC), issued a public warning about MEXC’s unlicensed operations within its jurisdictions.
SFC stated:
“The entity purports to be a virtual asset trading platform opera...
Blockchain Technology
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Regulations -
1 month ago
The chances of approval for the pending spot Ethereum exchange-traded fund (ETF) applications this May are strained as two US Senators urged the Securities and Exchange Commission (SEC) to reject other crypto ETF proposals.
In the March 11 letter to...
Blockchain Technology
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Regulations -
1 month ago
Hong Kong’s Securities and Futures Commission (SFC) has added Bybit to its list of suspicious virtual asset trading platforms and issued a public warning about its unlicensed operations.
In a March 14 warning, the SFC said the platform is unlic...
Blockchain Technology
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Regulations -
1 month ago
Blockchain analytics firm Elliptic revealed that the North Korea-backed hacker group Lazarus is once again using sanctioned crypto mixer Tornado Cash to obfuscate its transactions.
Last year, the group ceased using the crypto mixer after US governmen...
Blockchain Technology
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Regulations -
1 month ago
Stablecoin issuer Tether collaborated with the US Department of Justice and the Federal Bureau of Investigation (FBI) to seize $1.4 million USDT associated with a tech support scam network, according to a Mar. 12 statement.
The fraudulent scheme targ...
Blockchain Technology
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Regulations -
1 month ago
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets.
The proposed rules are expected to generate nearly $10 billion in additional...
Blockchain Technology
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Regulations -
1 month ago
Wyoming has passed a law recognizing blockchain-based decentralized autonomous organizations (DAOs) as legal entities.
The bill — titled the Decentralized Unincorporated Nonprofit Association Act (DUNA) — was signed by the state’s Governor on M...
Blockchain Technology
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Regulations -
1 month ago
Worldcoin developer Tools for Humanity has filed a lawsuit to appeal Spain’s recent ban on its data collection and usage within the country for three months.
Worldcoin said in a March 6 blog post that Spain’s regulators circumvented the r...
Blockchain Technology
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Regulations -
1 month ago
Stablecoin issuer Tether Limited has entered a Memorandum of Understanding (MOU) with the Republic of Uzbekistan’s National Agency of Perspective Projects (NAPP) to develop a regulatory and legal framework for digital assets in the country, acc...
Blockchain Technology
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Regulations -
1 month ago
US Federal Reserve Chair Jerome Powell told lawmakers that the regulator remains far from adopting or even recommending a central bank digital currency (CBDC).
Powell made the statement during a March 7 Senate Banking Committee hearing on monetary po...
Blockchain Technology
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Regulations -
1 month ago
The Nigerian Securities and Exchange Commission (SEC) has disclosed plans to introduce new regulations for crypto operators following recent challenges with Binance.
New regulations
The planned regulation would include licensing, registration, and sc...