The Monetary Authority of Singapore (MAS) has recently made significant amendments to its Payments Service Act (PSA) in a bid to boost user protection and strengthen its jurisdiction within the cryptocurrency industry, as announced in a statement on April 2. These revisions are in line with Singapore’s goal of solidifying its position as a cryptocurrency-friendly
Regulation
In the realm of generative AI, the concept of openness is not as clear-cut as it may seem on the surface. While different vendors may claim to be open by sharing model weights, documentation, or tests, the reality is quite different. The training data sets, which are crucial for validating and verifying models, are often
The Binance-linked HKVAEX exchange has announced the closure of its services and the withdrawal of its application for an operational license in Hong Kong. The move, which came just three months after the company applied for the license, was confirmed through a notice on the Securities and Futures Commission (SFC) website. The exchange, operating under
Portugal’s National Data Protection Commission (CNPD) has made the decision to ban Worldcoin from collecting biometric data for a period of three months. The reasons behind this ban are related to the company’s alleged failure to verify the age of its members, leading to the collection of data from minors without proper parental consent. Additionally,
The Commodities and Futures Trading Commission (CFTC) has recently given the green light to Coinbase Derivatives Exchange to list futures contracts tied to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). This approval marks a significant milestone in the cryptocurrency market, as these tokens are now set to enter the world of futures trading. The
The US SEC has recently pushed back the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs), as per regulatory filings. Among the investment firms affected by these delays are VanEck, Ark Invest, Hashdex, and Grayscale. Notably, Grayscale has added a staking component to its ETH ETF application. Bloomberg ETF analyst James Seyffart, known
The UK Financial Conduct Authority (FCA) has recently revealed its intention to recover approximately $8 million in costs associated with the supervision of stablecoins and crypto. This initiative, detailed in a March 19 release, aims to impose fees on stablecoin issuers and digital asset custodians to cover these expenses. The FCA plans to recuperate £6.2
A recent ruling by a Federal High Court in Nigeria has ordered Binance, one of the leading cryptocurrency exchanges, to provide detailed information about all its Nigerian users to the Economic and Financial Crimes Commission (EFCC). This move comes in the midst of escalating tensions between Binance and the Nigerian government. The country has been
The Asia Pacific region (APAC) has undeniably solidified itself as a thriving environment for the rapidly expanding technology industry. With countries like Singapore, Hong Kong, Vietnam, and Japan leading the charge in innovation, APAC has demonstrated its prowess in technological creativity and advancement. From bustling tech hubs to financial powerhouses, APAC has consistently been at
Grayscale has made a significant regulatory filing amendment to convert its Ethereum Trust to a spot exchange-traded fund (ETF). The latest filing, released on March 15, strengthens their previous submission in various ways. One key point of the update is that it argues surveillance sharing within the CME ETH market is adequate to safeguard against
