Regulation

The UK Financial Conduct Authority (FCA) has recently revealed its intentions to recover £6.4 million ($8.1 million) in costs associated with the supervision of stablecoins and cryptocurrency. This recovery plan involves imposing fees on stablecoin issuers and digital asset custodians to cover the expenses incurred by the FCA in regulating these sectors. The funds obtained
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The US Securities and Exchange Commission (SEC) Chair, Gary Gensler, recently raised concerns about the rising trend of ‘AI washing’, which refers to the misleading use of artificial intelligence (AI) in the financial sector. Gensler emphasized that such practices may violate securities laws, and the SEC is taking regulatory actions to address this issue. Gensler
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The Asia Pacific region (APAC) has been making significant strides in the technology industry, with countries like Singapore and Hong Kong leading the way in terms of regulatory frameworks. Singapore, for instance, implemented stablecoin regulation last year, showcasing its commitment to creating a secure crypto ecosystem. This move sets a precedent for other countries to
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In a recent thread, Paul Grewal, the Chief Legal Officer at Coinbase, took issue with a letter penned by Senators Jack Reed and Laphonza Butler. The senators called for stricter regulations on Bitcoin exchange-traded funds and urged the SEC to halt the approval of any further cryptocurrency ETF applications. Grewal respectfully disagreed with the senators’
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Shockwaves reverberated through the financial world as federal prosecutors unveiled the extent of the fraudulent activities orchestrated by FTX founder Sam Bankman-Fried (SBF). The US Attorney’s Office for the Southern District of New York did not mince words in its sentencing memorandum, painting a damning picture of SBF’s misdeeds that shook the very foundations of
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