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Singapore mulls new crypto rules, wants to ban retail traders from incentives and credit cards

The Monetary Authority of Singapore is seeking new limitations to harden crypto speculation. Singapore’s financial watchdog, the Monetary Authority of Singapore, is set to impose new rules on retail crypto investors in a bid to safeguard customers from highly speculative assets. In a statement published on Thursday, Nov. 23, MAS proposed new

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Mauritius mulls wrapping metaverse into financial services

The Financial Services Commission (FSC) of Mauritius started collecting feedback from industry stakeholders and the general public regarding the inclusion of metaverse within the financial services industry.The FSC Mauritius dedicated the entire month of November to amass comments on the strategic developments and repercussions of the metaverse, a recent consultation

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EU mulls more restrictive regulations for large AI models: Report

Representatives in the European Union are reportedly negotiating a plan for additional regulations on the largest artificial intelligence (AI) systems, according to a report from Bloomberg. The European Commission, European Parliament and the various EU member states are said to be in discussions regarding the potential effects of large language models

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US consumer watchdog mulls applying e-banking laws to crypto

The top United States agency for consumer financial protection is considering applying the Electronic Fund Transfer Act (EFTA) to crypto, in an attempt to protect consumers from fraudulent crypto transfers. Speaking at an Oct. 6 payments conference by the Brookings Institution think tank, Consumer Financial Protection Bureau (CFPB) director Rohit

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Crypto mining hardware retailer Phoenix Technology mulls IPO in UAE: Report

Crypto mining hardware provider Phoenix Technology is reportedly starting discussions to conduct an initial public offering (IPO) in the United Arab Emirates, according to a report by Bloomber. The Bloomberg report cites anonymous sources who explained that discussions around the matter are still ongoing and the details are not yet finalized. Phoenix Technology is

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Ethereum mulls increasing staking limit from 32 to 2,048 ETH for validators 

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ethereum Foundation researcher Michael Neuder has floated a proposal to increase the maximum effective balance of Ethereum validators from the current 32 to 2,048 ETH. The change is expected to reduce staking infrastructure complexity for large

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