CoinEx takes advantage of Hong Kong rules following U.S. regulatory woes

CoinEx announced on May 29 that it will open a new cryptocurrency exchange for Hong Kong users that will operate under the name “BitHK. ” CoinEx will operate in Hong Kong CoinEx said on Twitter that BitHK will support the Hong Kong dollar (HKD) and peer-to-peer (P2P) trading. дальше »

194 +

Russia backtracks from plan to create national crypto exchange

Russia is no longer moving forward with its plans to create a national crypto exchange. Instead, it will focus on formulating rules that will allow private companies to establish such exchanges. The head of the State Duma committee on the financial market, Anatoly Aksakov, disclosed this to local media Izvestiya on May 29. дальше »

232 +

Hong Kong Police Enter Metaverse to Combat Crypto Crime

Hong Kong is ramping up its efforts to tackle crypto crime with a new police metaverse platform and tougher anti-money laundering rules. The post Hong Kong Police Enter Metaverse to Combat Crypto Crime appeared first on BeInCrypto. дальше »

52 +

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 Earlier suggestions are out of date The Guardian said that Sunak’s government published a white paper in March, but the suggestions in that paper are now out of date.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 »

227 +

OpenAI launches grant for AI democratic governance project

The company behind ChatGPT announced it would award 10 grants of $100,000 to teams worldwide to develop a democratic process for determining AI rules. дальше »

387 +

US Congressmen urge SEC to keep definition of ‘qualified custodian’ unchanged

Congressmen Michael Flood and Ritchie Torres wrote to SEC Chair Gary Gensler, urging him to keep custody rules unchanged. In February, the U. S. Securities and Exchange Commission (SEC) proposed specific changes to the Investment Advisors Act 1940. дальше »

185 +

French lawmakers agree to loosen rules in proposed crypto influencer bill

Previously, the bill restricted influencer marketing to only licensed crypto firms, of which there are currently none in France.

601 +

South Korea passes law requiring all officials to disclose crypto holdings

Korean officials are now required to disclose any crypto holdings above $760. The bill outlining the new law was unanimously passed by lawmakers and ratified on Thursday, 25 May. Strict rules around crypto holdings for public officials come after a scandal where one Kim Nam-kuk was said to have held $4. дальше »

139 +

ChatGPT Creator OpenAI Considers EU Departure Over Stringent Regulations

Coinspeaker ChatGPT Creator OpenAI Considers EU Departure Over Stringent Regulations OpenAI CEO warns of potential exit from Europe if the firm fails to meet regulatory requirements for the forthcoming AI rules. дальше »

136 +

ChatGPT Maker OpenAI Threatens to Leave Europe Over Proposed AI Rules

ChatGPT creator OpenAI Sam Altman said that the AI platform might have to leave Europe if current regulation drafts remain unchanged. The post ChatGPT Maker OpenAI Threatens to Leave Europe Over Proposed AI Rules appeared first on BeInCrypto. дальше »

215 +

Japan Implements Stricter Anti-Money Laundering Measures for Cryptocurrency Transactions

Coinspeaker Japan Implements Stricter Anti-Money Laundering Measures for Cryptocurrency Transactions Japan will implement stricter rules for exchanges, including the implementation of the FATF travel rule, to combat money laundering and ensure transparency in cryptocurrency transactions. дальше »

205 +

First Mover Asia: Crypto’s Narrative of This Season Is No Narrative at All

ALSO: Hong Kong’s proposed crypto exchange rules value TradFi chops over crypto knowledge. What are the key potential changes? дальше »

157 +

Crypto should mimic TradFi rules: Global securities regulator IOSCO

According to the U.S. SEC, IOSCO members together regulate more than 95% of the world’s securities markets.

720 +

Prometheum subsidiary receives FINRA approval for digital asset qualified custody

The approval marks the first time a digital asset custody provider has come under federal regulation as the SEC tightens custody rules. дальше »

403 +

MiCA explained: What does the EU’s first crypto regulation mean for the industry?

The European Union (EU) has recently approved a comprehensive regulatory framework for crypto assets, making waves in digital finance. Known as the Markets in Crypto-Assets (MiCA), this directive establishes clear rules for handling cryptocurrency within the European Union and could… дальше »

1548 +

Reports suggest Binance mixed customer and company funds

Binance, the world's largest cryptocurrency exchange company, finds itself in the spotlight following accusations that it has been mixing customer funds with company revenue, allegedly violating U.S. financial rules. дальше »

1127 +

UK Will Need New Laws to Accommodate Future Digital Pound, Lawyers Say

Should the country decide to issue a digital pound, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at U.K.-based Keystone Law. дальше »

124 +

Ripple’s Brad Garlinghouse Blames Confusing U.S. Crypto Rules for Flow of Investment to Europe and Asia

520 +

EU’s move to approve MiCA crypto rules could potentially help projects like Metacade

EU regulators have approved MiCA regulations MiCA could pave the way for innovative crypto projects to prosper MCADE price has retreated, although it could rise 10 times Europe’s first comprehensive rules for crypto regulation are fast becoming law. дальше »

188 +

US has made crypto rules ‘as confusing as possible,’ Ripple CEO says

Brad Garlinghouse, the CEO of blockchain company Ripple, says that the US has made crypto regulations “as confusing as possible. ” In crypto news this morning, the Ripple exec’s belief is that the confusion arising from regulatory confusion is pushing more crypto companies to leave the US. дальше »

67 +

Can MiCA rules help the struggling cryptocurrency industry?

MiCA rules to govern the European crypto industry starting with July 2024 The market may move ahead of the deadline Europe becomes a leader in cryptocurrency market regulation The cryptocurrency market had a strong comeback in 2023. дальше »

202 +

Korean lawmakers rally towards crypto rules in May after grisly murder case: Report

Crypto policy making efforts have been reignited in South Korea after a woman was murdered following a dispute over digital assets. дальше »

706 +

Reasons behind XRP's bullish stint

Ripple gains the upper hand after the judge rules against sealing Hinman's documents. The decision renewed excitement in the XRP community. Ripple’s native cryptocurrency XRP is finally seThe post Reasons behind XRP's bullish stint appeared first on AMBCrypto. дальше »

206 +

Decoding reasons behind XRP's bullish stint

Ripple gains the upper hand after the judge rules against sealing Hinman's documents. The decision renewed excitement in the XRP community. Ripple’s native cryptocurrency XRP is finally seThe post Decoding reasons behind XRP's bullish stint appeared first on AMBCrypto. дальше »

205 +

SEC Can't Seal Docs Tied to Hinman's Ether Speech, Judge in Ripple Suit Rules

The SEC and Ripple have sparred for months over a set of documents related to Bill Hinman's 2018 speech on securities law and ether. дальше »

188 +

Updated European tax directive requires reporting on all crypto asset transfers

DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules.

377 +

Coinbase CEO reacts as SEC shuns need for crypto rules in its lawsuit

The U.S. SEC has stated that any crypto rulemaking could take years, so, for now, enforcement actions will suffice. The securities regulator made the remarks in its court filing in response to The post Coinbase CEO reacts as SEC shuns need for crypto rules in its lawsuit appeared first on AMBCrypto. дальше »

218 +

Coinbase Hasn't Proven SEC Needs to Create Crypto-Specific Rules, Regulator Says

The U.S. Securities and Exchange Commission (SEC) told an appeals court that crypto exchange Coinbase hadn't proven the regulator needs to create a new regulatory framework for the digital asset industry late Monday. дальше »

59 +

SEC Responds To Coinbase Complaint: Crypto Rules May Take Years

The Securities and Exchange Commission (SEC) has responded to Coinbase’s complaint. The largest American crypto exchange had sued the SEC on April 25, demanding clarity on crypto regulation. The company filed a petition for a writ of mandamus, which requires the SEC to respond within a reasonable time. дальше »

258 +

Only half of top 60 crypto companies have an external auditor

After the collapse of FTX and revelations about its lax business practices, investors and the crypto community at large want companies to uphold higher standards but the results of a recent Bloomberg survey indicate that most crypto firms are still shrouded in a veil of mystery and following their own rules. дальше »

177 +

Binance announces exit from Canada

Binance says new guidance on stablecoins has made it untenable to continue operating in the country. New rules required exchanges to seek approval before allowing their customers to buy or deposit stablecoins. дальше »

195 +

Binance calls it quits in Canada, blames new rules

Binance is the latest in a string of departures from CEO Changpeng Zhao’s home country; it promises to keep working with regulators. дальше »

228 +

Ireland’s Crypto Scene Booms as Fund Managers Seek Rules on New Asset Class

Young Irish citizens invest more in cryptocurrencies than older people despite a nascent crypto investment industry. The post Ireland’s Crypto Scene Booms as Fund Managers Seek Rules on New Asset Class appeared first on BeInCrypto. дальше »

136 +

‘It’s going to get worse for banks’ — JPMorgan CEO on overregulation

JPMorgan CEO says the Fed should be less focused on adding more rules and regulations for banks and more on fixing the banking crisis. дальше »

66 +

BlockFi can refund $300M of customer funds, judge rules

BlockFi customers who held funds in custodial wallets can be refunded nearly $300 million, a bankruptcy judge said on Thursday. The judge’s ruling on the dispute between some customers and BlockFi comes amid bankruptcy proceedings for the troubled crypto lender. дальше »

118 +

Marathon Digital Subpoenaed by SEC Over Securities Law Violations

Coinspeaker Marathon Digital Subpoenaed by SEC Over Securities Law Violations Marathon said it is cooperating with the SEC to provide the requested information, highlighting that it was dedicated to abiding by all relevant laws and rules. дальше »

100 +

OpenAI CEO to testify before Congress alongside ‘AI pause’ advocate and IBM exec

AI experts from IBM, NYU and OpenAI will testify before the U.S. Senate on May 16 in a hearing entitled “Oversight of A.I.: Rules for Artificial Intelligence.” дальше »

83 +

Binance chief strategy officer criticizes US crypto rules; exchange wants to be regulated in UK

Binance’s Chief Strategy Officer Patrick Hillman criticized the United States’ regulatory landscape during a live event on May 10. Hillman says U. S. is in a “weird place” Hillman said during the Financial Times’ Crypto and Digital Assets Summit that regulations have made it difficult for Binance to work in the U. дальше »

74 +

Joint U.S. House Hearing on Crypto’s Future Opens With Discord

Relevant House committees decided to meet together to figure out how to move forward with legislation, but one key Democrat pushed back on the need for special crypto rules. дальше »

55 +

New Rules on Sharing Crypto Tax Data ‘Unanimously Supported’ by EU Members

Officials are optimistic finance ministers will formally agree on laws allowing the sharing of information on crypto and NFT holdings between tax authorities next week. дальше »

139 +

Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rules

The U.K. opened its plans for regulating the crypto sector for public comment back in February. дальше »

124 +

Biden calls for end to tax loopholes that benefit ‘wealthy crypto investors’

U. S. President Joe Biden called for an end to unspecified crypto tax rules on May 9. On Twitter, Biden posted an infographic that read: “We think Congress should cut tax loopholes that help wealthy crypto investors. дальше »

105 +

New York introduces crypto bill to tighten rules, Attorney General weighs in

New York's attorney general announced a new bill, aiming to bring tighter rules to combat crypto fraud.  The Crypto Regulation, Protection, Transparency and Oversight Act proposes one of the mThe post New York introduces crypto bill to tighten rules, Attorney General weighs in appeared first on AMBCrypto. дальше »

285 +

Record-Breaking Growth: TMS Network (TMSN) Sees Enormous Price Jump, Overshadowing Polygon (MATIC) and Chainlink (LINK)

Since Bitcoin took over blockchain and decentralized finance, few projects have been able to meet up with its monumental rise in demand. However, TMS Network (TMSN) and its newly launched decentralized trading hub are breaking all rules while setting the standard for seamless and efficient trading. дальше »

63 +

SEC Must Respond to Coinbase Rulemaking Petition in 10 Days, Says Court

Coinbase may finally know in 10 days whether the SEC will create new rules for crypto. The post SEC Must Respond to Coinbase Rulemaking Petition in 10 Days, Says Court appeared first on BeInCrypto. дальше »

150 +

SEC thwarts progress on U.S. crypto regulations as it refrains from defining "digital assets"

The SEC was yet to define the term "digital assets" in rules governing reporting disclosures for hedge funds. The U. S. regulator proposed a definition of digital assets in an August 2022 petitiThe post SEC thwarts progress on U. дальше »

161 +

US SEC delays ratification of digital assets definition 

The Securities and Exchange Commission (SEC) has announced that it will not be adding the definition of "digital assets" to its rules governing reporting disclosures for hedge and private equity funds дальше »

158 +

US Crypto Brain Drain Sees Lisbon Crowned Top Crypto Destination

European crypto founders voted Lisbon as the premier crypto destination through the influx of U.S. talent, DeFi scene, and MiCA clarity around industry rules. The post US Crypto Brain Drain Sees Lisbon Crowned Top Crypto Destination appeared first on BeInCrypto. дальше »

268 +

Breaking the rules: How to get banned from ChatGPT

OpenAI’s ChatGPT took the world by storm after it was unveiled in November last year. The artificial intelligence-powered chatbot impressed users around the world with its ability to help with problThe post Breaking the rules: How to get banned from ChatGPT appeared first on AMBCrypto. дальше »

193 +

UK Crypto Tax Advisors Welcome Proposed Changes to DeFi Lending, Staking Treatment

The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users. дальше »

208 +