Regulation

During a recent Senate hearing, Senator Tim Scott criticized the current US administration for making digital assets the scapegoat in efforts to combat terrorism financing. He raised concerns about the Treasury’s exclusive focus on cryptocurrencies, arguing that more traditional sources of funding, particularly those benefiting Iran, are being ignored. Scott pointed out Iran’s $35 billion
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Policymakers are constantly faced with the challenge of regulating emerging technologies such as blockchain and AI while trying to strike a balance between innovation and security. However, there is a persistent disconnect between policymakers and technology, resulting in the oversight of crucial aspects of new technologies. This disconnect is evident in the recent actions of
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Singapore’s Payments Service Act (PSA) underwent significant amendments by the Monetary Authority of Singapore (MAS) to strengthen its jurisdiction and amplify user protection within the cryptocurrency industry. These changes reflect Singapore’s dedication to establishing itself as a crypto-friendly hub that prioritizes investor security alongside fostering innovation. Expansion of Digital Payment Token Services MAS integrated three
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Recently, Coinbase CFO Alesia Haas expressed her belief that Ethereum (ETH) should not be classified as a security. She highlighted the lack of regulatory clarity surrounding cryptocurrencies in the United States as the core issue. Haas emphasized the importance of a clear and consistent regulatory framework to protect consumers and companies like Coinbase. However, despite
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Recently, the government of Argentina has taken a significant step towards regulating the cryptocurrency sector within the country. This move has stirred up mixed reactions within the crypto community, as it goes against the expectations set by the nation’s new leader, Javier Milei, who is known for his small-government libertarian views. The creation of a
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The landscape of artificial intelligence (AI) is rapidly evolving, with generative AI models becoming more prevalent. However, the so-called “open” models touted by various vendors are far from being truly open. While some vendors provide access to model weights, documentation, or tests, the training data sets remain shrouded in opacity. This lack of transparency poses
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The news of Tigran Gambaryan, a Binance executive, taking legal action against the Nigerian authorities has sent shockwaves through the cryptocurrency community. The case, involving allegations of wrongful detention by the Office of the National Security Adviser and the Economic and Financial Crimes Commission, has sparked a fierce legal battle unfolding in Nigeria. The Fundamental
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