Regulation

With the increasing misuse of cryptocurrency mixers for illicit financial activities, South Korean financial authorities are considering the implementation of specific regulatory measures to curb money laundering by criminal organizations. Originally designed to protect privacy, mixers are now being exploited by criminals, posing a significant risk to the country’s financial system. Cryptocurrency mixers, also known
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The Financial Services Commission (FSC) of South Korea has expressed concerns regarding domestic securities firms that broker overseas-listed Bitcoin spot exchange-traded funds (ETFs). In a notice released on January 12, the regulatory body acknowledged the emerging regulatory regime for the crypto industry in the country but warned that the brokerage services for these foreign ETFs
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The U.S. Securities and Exchange Commission (SEC) has given its approval to Grayscale’s spot Bitcoin ETF proposal, marking a significant milestone for both GBTC investors and the potential transformation of the crypto industry. Grayscale CEO Michael Sonnenshein expressed his gratitude, acknowledging the patience and support of GBTC investors and the dedication of Grayscale and its
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Decentralized Finance (DeFi) has become the latest buzzword in the world of cryptocurrencies and blockchain technology. While it promises to revolutionize the financial industry by eliminating intermediaries and increasing accessibility, a new report released by the CFTC’s Digital Assets and Blockchain Technology Subcommittee sheds light on the risks and challenges inherent in this emerging field.
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The U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler, recently issued a cautionary advisory regarding crypto asset investments. As the deadline for the approval of a spot Bitcoin exchange-traded fund (ETF) approaches, Gensler emphasized the risks associated with investing in cryptocurrencies. He highlighted regulatory non-compliance, volatility, and potential fraudulent activities as key concerns. Non-Compliance
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California Senator Steve Padilla has introduced two new bills, Senate Bills 892 and 893, aimed at establishing a comprehensive and ethical framework for the use of artificial intelligence (AI) in the state. These proposed rules aim to harness the potential of AI while ensuring its safe and responsible use, particularly in state contracts. Senator Padilla
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Stablecoin issuer Circle has recently made an important strategic move, announcing its conditional registration under France’s cryptocurrency laws. The company’s Chief Strategy Officer and Head of Global Policy, Dante Disparte, highlighted the reasons behind this decision, stating that France’s clear rules for responsible innovation in fintech and digital assets, combined with its dynamic entrepreneurial and
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The U.S. Securities and Exchange Commission (SEC) recently made a startling admission in its ongoing case against Debt BOX, a cryptocurrency firm accused of significant fraud. The SEC alleges that Debt BOX defrauded investors of nearly $50 million. While the core claims against Debt BOX remain, the SEC admitted that its legal counsel inadvertently made
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