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New European Union laws known as the Markets in Crypto Assets regulation, MiCA, due to take effect in December 2024, require prospective crypto license holders to show owners and executives have a good reputation. MiCA authorizations – which will allow crypto companies to operate across the 27-nation bloc – can
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The United States Department of Commerce’s Bureau of Industry and Security (BIS) released a notice on Oct. 17 expanding the already existing export controls of artificial intelligence (AI) chips to China. The BIS wrote that the newly released rules “reinforce” those put in place back in October 2022, with the goal
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The United States government is considering additional measures to curb Chinese developers from gaining access to artificial intelligence (AI) semiconductor chips made in the U.S. via third parties.According to a report from Reuters on Oct. 13, people close to the matter have said that the Biden administration is targeting a
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On Friday, Oct. 6, two senior Republican members of the United States House of Representatives urged the Biden administration to strengthen the enforcement of export controls on advanced semiconductors to China.In a letter addressed to National Security Adviser Jake Sullivan, Representative Michael McCaul, chairman of the House Foreign Affairs Committee, and Representative
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The European Commission is conducting risk assessments and considering export controls on “critical technology areas,” including artificial intelligence (AI) and semiconductor technologies, according to a press release from the ommission. On Oct. 3, European Union officials said they identified four areas that need assessment regarding technology risk and risk of technology leakage:
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“A digital euro would also enhance the integrity and safety of the European payment system at a time when growing geopolitical tensions make us more vulnerable to attacks to our critical infrastructure,” be available “to everyone, everywhere, for free,” and could stimulate innovation and competition in a market dominated by
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FTX was run by three inexperienced people “not long out of college,” who relied on “a hodgepodge” of online shared documents and communications across a series of different apps to manage the multi-billion dollar empire according to FTX CEO John Ray III.In an April 9 court filing in a Delaware
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Binance, the world’s largest cryptocurrency exchange, has made significant efforts to be a leader in transparency in the industry since the FTX scandal. However, a new report claims that Binance insiders are allegedly helping users bypass security protocols. According to a CNBC investigation, employees and volunteers at Binance have allegedly been
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Some Binance employees and volunteers shared tips on forging bank documents, falsifying addresses or hiding the country of origin to get a Binance debit card, CNBC reported, citing Chinese-language chatroom messages it translated. Source
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“We want to make sure that the developments that we see in virtual worlds are fully in line with our European values from the outset – values such as inclusion, respect of privacy, non-discrimination and equality,” Yvo Volman, Director of Data at the European Commission's digital department, DG CONNECT, said
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