The Federal Reserve Board has taken a significant step towards regulatory oversight of rapidly advancing technologies within the banking sector with the creation of the Novel Activities Supervision Program. This program aims to oversee complex partnerships with non-banks, crypto-asset-related activities, distributed ledger technology, and concentrated provision of banking services to crypto-asset-related entities and fintechs. By
Regulation
Worldcoin, a global World ID verification project, has recently claimed that its demand doubled during the first week of its launch. Despite the initial regulatory challenges it faced across multiple jurisdictions, the release of new Orbs worldwide contributed to the surge in weekly verifications. This growth adds to the already high verifications rate the project
Binance, the leading digital asset exchange, has made history by becoming the first exchange to receive an Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This achievement is particularly significant as Binance faces regulatory challenges in various European countries. With the Operational MVP license, Binance FZE, the Dubai subsidiary, can
