Recently, the Indian government made an announcement that technology companies must seek government approval before publicly releasing artificial intelligence (AI) tools that are still in development or are deemed “unreliable.” This decision underscores India’s commitment to managing the deployment of AI technologies in order to ensure accuracy and reliability in the tools available to its
Regulation
The Securities and Futures Commission (SFC) in Hong Kong recently issued a warning to the public regarding suspicious websites that are impersonating licensed crypto exchanges in the city-state. According to the notice released on Mar. 4, these fraudulent websites are trying to deceive users by using the image and branding of well-known exchanges like Hash
Senator Elizabeth Warren has recently made headlines with her stance on the cryptocurrency industry. In a recent interview, Warren expressed a willingness to engage with the industry, but only if players adhere to regulatory standards similar to those in traditional finance. She raised concerns about the industry’s reluctance to crack down on illegal activities such
The recent move by a group of Senate Republicans to restrict the Federal Reserve’s capacity to introduce a central bank digital currency (CBDC) sheds light on the lack of understanding among lawmakers about the potential benefits of digital currencies. The proposed bill, named the Central Bank Digital Currency Anti-Surveillance State Act, is a reactionary response
The Energy Information Administration (EIA) recently faced backlash from members of the crypto mining sector, leading to the suspension of a survey aimed at collecting data from crypto mining firms. The lawsuit, launched by Riot Platforms and the Texas Blockchain Council, raised concerns about the EIA’s data collection practices, prompting the agency to halt enforcement
South Africa recently unveiled plans to integrate digital payments and cryptocurrencies into its financial system as part of its 2024 budget. The government aims to boost the economy, particularly for marginalized communities, through increased collaboration between the public and private sectors to foster financial innovation. The primary goal is to improve access to digital payment
In a recent development, Ladan Stewart, a key member of the US Securities and Exchange Commission’s legal team, has decided to leave her position to join a pro-crypto law firm. This move highlights the increasing importance of legal expertise in the cryptocurrency industry and the complexities surrounding regulation in this space. New Role at White
The Hong Kong Monetary Authority (HKMA) recently introduced new regulatory standards for tokenized financial products in an effort to promote innovation and protect consumers. This initiative comes as a response to the rapid advancement in tokenization technologies and their increasing application in the financial sector. The guidelines aim to establish clear principles for the sale
A significant milestone has been achieved in Iowa with the approval of House File 2519 by the Judiciary Committee. This digital asset bill is a progressive step towards integrating digital assets and electronic records into commercial transactions. The bill focuses on enhancing legal clarity and security in digital transactions to cater to the evolving digital
In a recent incident, the U.S. Securities and Exchange Commission (SEC) fell victim to a SIM swap attack, highlighting the vulnerability of its cybersecurity measures. The incident involved an unknown actor performing a SIM swap attack on the SEC’s X account and spreading false information about the approval of spot Bitcoin ETFs. In response to
