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UK crypto regulation: What to know as MPs see crypto trading a form of gambling
If you are a crypto investor in the UK, then it’s worth noting that the government says it wants to regulate the industry as a financial service. But the UK Treasury Committee, a cross-party lawmaker group, see cryptocurrency trading as more like gambling and want it regulated as so. дальше »
2023-6-21 22:40 | |
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Bill recognizing crypto as ‘regulated activity’ in UK passes House of Lords
The United Kingdom’s House of Lords passed the Financial Services and Markets Bill today, marking a major step in the country’s effort to regulate crypto-assets and their providers. Introduced on July 20, 2022, this legislation could impact the cryptocurrency markets considerably. дальше »
2023-6-20 23:25 | |
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Crypto industry speaks out against SEC’s attempt to conflate DeFi with centralized exchanges
The crypto industry is staunchly opposed to the SEC’s proposal to lump in DeFi platforms with centralized exchanges and regulate both using the same framework. The SEC opened a public consultation in April — with a June 13 deadline on a proposal to amend the rules used to identify crypto exchanges and extend them to […] The post Crypto industry speaks out against SEC’s attempt to conflate DeFi with centralized exchanges appeared first on CryptoSlate. дальше »
2023-6-13 20:17 | |
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U.S. SEC Out-of-Bounds in Dragging DeFi Into Proposed Exchange Rule, Industry Says
The U.S. Securities and Exchange Commission (SEC) wants to stretch how it identifies exchanges it needs to regulate, and the agency’s inbox is jammed with crypto industry letters accusing it of reaching well beyond its legal powers and potentially forcing rules on services the platforms need, such as electric companies. дальше »
2023-6-14 16:30 | |
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How US’ War on Crypto Altered the Stablecoin Ecosystem
The stablecoin landscape has shifted dramatically over the past year and it is partially to do with America’s push to regulate the industry out of existence. The post How US’ War on Crypto Altered the Stablecoin Ecosystem appeared first on BeInCrypto. дальше »
2023-6-13 12:30 | |
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Interview: how can new crypto entities comply with SEC’s laws?
The Securities and Exchange Commission has shown increased efforts to regulate the cryptocurrency industry. Recently, the lawmaker sued Coinbase and Binance for law violations. Nonetheless, the crypto community seems displeased with SEC’s actions. дальше »
2023-6-13 17:23 | |
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Interview: how can new crypto entities comply with SEC’s laws? Frank Gilligan
The Securities and Exchange Commission has shown increased efforts to regulate the cryptocurrency industry. Recently, the lawmaker sued Coinbase and Binance for law violations. Nonetheless, the crypto community seems displeased with SEC’s actions. дальше »
2023-6-12 17:23 | |
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Op-ed: Why the SEC should never touch crypto again [Part 2]
In the first part of this series, I discussed the U. S. Securities and Exhange Commission’s recent charges against Coinbase and Binance, their inability to properly regulate the crypto industry, the history of digital assets in the congressional record, and the significant decline in the mentions of digital assets by the U. дальше »
2023-6-11 18:30 | |
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Op-ed: Why the SEC should never touch crypto again (Part 2)
In the first part of this series, I discussed the U. S. Securities and Exhange Commission’s recent charges against Coinbase and Binance, their inability to properly regulate the crypto industry, the history of digital assets in the congressional record, and the significant decline in the mentions of digital assets by the U. дальше »
2023-6-12 18:30 | |
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Op-ed: Why the SEC should stay away from crypto (Part I)
It is time for the U. S. to implement intelligent, progressive, and specific digital asset regulation. The Securities and Exchange Commission’s recent charges against Coinbase and Binance have brought the debate on digital asset classification to a boiling point, and I believe it demonstrates that the organization is not equipped to regulate digital assets competently. дальше »
2023-6-9 20:37 | |
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UK Lawmakers Clash Over Government Plans to Regulate Crypto as Financial Services
While some lawmakers have aligned with the government’s proposal, others want the volatile assets to be treated as gambling. дальше »
2023-6-8 11:09 | |
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UK Minister Argues to Regulate AI Like Nuclear Amid Fears of Humanity’s Extinction
The UK Labour Party wants a nuclear-like licensing regime to regulate AI amid exponential developments in large language models like ChatGPT. The post UK Minister Argues to Regulate AI Like Nuclear Amid Fears of Humanity’s Extinction appeared first on BeInCrypto. дальше »
2023-6-6 17:45 | |
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Tight Crypto Controls by New Zealand’s Biggest Banks Called ‘Bullying’ by Players
Different banks in New Zealand have put in varying approaches to regulate crypto transactions and oversee industry players. The post Tight Crypto Controls by New Zealand’s Biggest Banks Called ‘Bullying’ by Players appeared first on BeInCrypto. дальше »
2023-6-6 15:00 | |
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SEC and CFTC find clarity in new legislation to regulate crypto
House Republicans have introduced a draft proposal to address gaps in cryptocurrency regulations, assigning the CFTC authority over crypto commodities and the SEC for digital securities. To bridge the gaps in the current regulatory framework surrounding cryptocurrencies, House Republicans have… дальше »
2023-6-5 11:59 | |
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UK Prime Minister Rishi Sunak considering new rules to regulate AI amid concerns of ‘existential threats’
UK Prime Minister Rishi Sunak aims to update his government’s guidelines around regulating artificial intelligence (AI) and its development, The Guardian reported May 26. Earlier suggestions are out of date The Guardian said that Sunak’s government published a white paper in March, but the suggestions in that paper are now out of date. дальше »
2023-5-27 00:02 | |
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Global securities watchdog urges governments to regulate crypto like traditional financial assets
The International Organization of Securities Commissions (IOSCO) published a statement today contending that cryptocurrencies should be treated in the same way as traditional financial assets, such as stocks and bonds, as they are very similar in nature. дальше »
2023-5-23 20:50 | |
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International Securities Watchdog Lays Out Crypto Regulation Strategy
The International Organization of Securities Commissions (IOSCO) has introduced a global strategy in an attempt to regulate crypto assets, reported Reuters. The post International Securities Watchdog Lays Out Crypto Regulation Strategy appeared first on BeInCrypto. дальше »
2023-5-23 12:23 | |
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US Senate Majority Leader pushes for AI regulation: should AltSignals investors worry?
The US Senate Majority Leader Chuck Schumer believes that Congress “must move quickly” to regulate artificial intelligence (AI). The move comes as more companies embrace AI technology with some having already launched AI products and others like trading signals service provider AltSignals already working on AI products. дальше »
2023-5-20 12:56 | |
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CFTC doesn’t have authority to regulate cash crypto markets, chairman says
Commodity Futures Trading Commission (CFTC) chairman Rostin Benham said on May 18 that his agency cannot regulate cash crypto markets. In an interview on Bloomberg’s Odd Lots podcast, Benham said: “[We] don’t have legal authority to police cash crypto markets. дальше »
2023-5-19 23:22 | |
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FATF head urges G7 to bring order to ‘lawless crypto space’
The Financial Action Task Force (FATF) head T Raja Kumar said G7 nations need to take a more proactive approach to regulate the “lawless crypto space” as it continues to allow illicit financial transactions to occur around the world. дальше »
2023-5-19 20:18 | |
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US Senator Proposes Legislation for the Establishment of a Federal Agency to Oversee AI Regulation
S Senator Proposes Bill to Establish Federal Agency for AI Regulation Following OpenAI CEO Sam Altman’s recent testimony in Congress, where he suggested the creation of a federal agency to regulate artificial intelligence (AI), a US senator has introduced a bill to fulfill that purpose. дальше »
2023-5-18 12:25 | |
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UK Lawmakers' Bid to Regulate Crypto as Gambling Could Be a Political Problem, Invites Industry Wrath
The Treasury is still adamant it will regulate digital assets like financial services but its plans will rely on parliamentary support. дальше »
2023-5-19 10:00 | |
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Crypto advocacy group criticizes UK Treasury Committee recommendation to regulate crypto like gambling
A crypto advocacy group has criticized the U. K. Parliament Treasury Select Committee’s recommendation to regulate cryptocurrency trading as gambling. Treasury Select Committee lampoons crypto In a report published on May 17, the Committee urged the government to stop wasting taxpayers’ funds on innovations such as virtual assets until it shows their benefits. дальше »
2023-5-17 13:30 | |
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OpenAI CEO Sam Altman calls for AI to be regulated during Senate hearing
OpenAI CEO Sam Altman urged U. S. lawmakers to regulate artificial intelligence companies during a Senate hearing, The Washington Post reported May 16. Altman calls for regulation Altman, whose company created ChatGPT, said that the U. дальше »
2023-5-17 01:08 | |
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OpenAI CEO Sam Altman testifies in ‘historic’ Senate hearing on AI safety
Altman appeared alongside NYU professor Gary Marcus and IBM chief of trust Christina Montgomery to discuss how the U.S. government should regulate the AI industry. дальше »
2023-5-17 22:44 | |
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The US Securities and Exchange Commission Is Unfit to Regulate Crypto
Caught in a whirlwind of volatility and innovation, the SEC grapples with the regulation of cryptos. Is the solution hidden in the very nature of this digital asset – its decentralized, global potential? The post The US Securities and Exchange Commission Is Unfit to Regulate Crypto appeared first on BeInCrypto. дальше »
2023-5-11 22:45 | |
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New York Attorney General Proposes Stricter Regulations for The Crypto Industry
New York Attorney General Letitia James has introduced a new legislative proposal to regulate the cryptocurrency industry and safeguard investors. Known as the CRPTO Act, the said regulation proposes several measures, such as requiring independent auditing and the publishing of financial statements by crypto companies, preventing individuals who own crypto exchanges from also owning the […] дальше »
2023-5-8 19:48 | |
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New York Attorney General Proposes New Crypto Regulatory Act
New York Attorney General (AG) Letitia James has proposed a new state bill to regulate the cryptocurrency industry further, as she believes the space is enduring “rampant fraud and dysfunction”. This new set of crypto regulations would impose independent public audits of crypto exchanges, ensuring that New York residents do not lose their cryptocurrency investments to deceptive business practices. дальше »
2023-5-6 12:40 | |
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Is the SEC Targeting Crypto Trading With New Reporting Requirements?
The Securities and Exchange Commission (SEC) continues to regulate the crypto space with increased vigilance. Does the SEC's intensified regulatory oversight of cryptocurrency private funds properly address risks to investors? The post Is the SEC Targeting Crypto Trading With New Reporting Requirements? appeared first on BeInCrypto. дальше »
2023-5-4 17:06 | |
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EU proposes new AI copyright rules: what does it mean for AltSignals?
The European Commission started drafting the AI Act about two years ago to regulate emerging artificial intelligence (AI) technology like AltSignals’s ActualizeAI, which has seen a boom in investment and popularity following the launch of OpenAI’s AI-powered chatbot ChatGPT. дальше »
2023-4-30 20:27 | |
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EU Bill Proposes to Regulate Generative AI Tools Like ChatGPT
European Union has proposed a bill for Artificial Intelligence (AI) regulation that requires the disclosure of copyright material for tools such as ChatGPT and Midjourney. The post EU Bill Proposes to Regulate Generative AI Tools Like ChatGPT appeared first on BeInCrypto. дальше »
2023-4-29 18:45 | |
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Where crypto can grow: Digital asset regulations around the world
While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around. дальше »
2023-4-29 17:01 | |
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Do Kwon Lawyers Tells SEC to Back Off Due to Lack of Jurisdictions Over Terra Products
Coinspeaker Do Kwon Lawyers Tells SEC to Back Off Due to Lack of Jurisdictions Over Terra Products Do Kwon's lawyers indicated that Coinbase does not list securities, and the SEC has not been granted the powers by Congress to regulate digital assets as securities or commodities. дальше »
2023-4-24 18:51 | |
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Swarm co-founder says MiCA anchors Europe as the leader of a new global crypto era
The crypto space has largely been accused of a lack of clear governing rules which have made it difficult even for countries to regulate it. However, Europe seems to be on track to becoming the first region to craft harmonized crypto regulations after the European Parliament passed the Markets in Crypto-Assets Act (MiCA). дальше »
2023-4-23 11:53 | |
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UAE mandates VASP licenses for crypto firms, begins accepting applications
UAE’s financial watchdog announced on April 17 that it has begun accepting applications from companies seeking a virtual asset service provider (VASP) license. The UAE Cabinet established a framework to regulate the crypto industry in December 2022 after passing Resolution 111. дальше »
2023-4-19 20:24 | |
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EU MiCA regulation seeks to restore trust in cryptos
The European Union is set to vote on the Markets in Crypto Assets (MiCA) proposal, aiming to establish a legal framework that will regulate the cryptocurrency industry and rebuild trust after high-profile collapses. дальше »
2023-4-19 19:23 | |
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Arkansas embraces bitcoin mining regulation
Arkansas has recently passed the Arkansas Data Centers Act of 2023, a bill to regulate bitcoin (BTC) mining within the state. The legislation, now awaiting the governor’s approval, aims to create guidelines for miners, protect them from discriminatory regulations and… дальше »
2023-4-19 14:29 | |
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NYDFS will charge cryptocurrency companies for supervision
The New York Department of Financial Services (NYDFS) said April 17 that it will impose supervision charges on crypto firms. NYDFS introduces regulation allowing charges Adrienne Harris, NYDFS Superintendent of Financial Services, said: “This regulation provides the Department with additional tools and resources to regulate the virtual currency industry now … as innovators create new […] The post NYDFS will charge cryptocurrency companies for supervision appeared first on CryptoSlate. дальше »
2023-4-18 00:10 | |
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U.S. Congress to address stablecoin regulation with this new bill, details inside
- The U. S. proposed a bill to regulate stablecoins, with fines and prison sentences for non-compliance. - Circle CEO endorses the proposed bill, while Tether and other stablecoins dominate the markThe post U. дальше »
2023-4-16 22:30 | |
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U.S. SEC wants to regulate DeFi similar to CeFi, Commissioner Peirce disagrees
- The SEC declared that it will reopen an old proposal that expressly includes DeFi exchanges under its purview, inviting criticism from Commissioner Peirce. - SEC Chair Gensler has long contended The post U. дальше »
2023-4-15 16:00 | |
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Qie Identities is Revolutionizing the Web 3.0 Space for Good
When the world first moved to Web 2.0, people were left in awe of the privacy and user-oriented scheme. But over time, it became clear that another upgrade was needed, given the massive amount of data stored with organizations and the need to regulate it as per the user’s consent and convenience. This led to […] дальше »
2023-4-15 13:36 | |
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Hong Kong DeFi Crowd Deflated After SFC Official Suggests Regulation
Hong Kong's Security and Futures Commission will regulate DeFi projects, according to official Cai Zhonghui. The post Hong Kong DeFi Crowd Deflated After SFC Official Suggests Regulation appeared first on BeInCrypto. дальше »
2023-4-12 09:25 | |
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