Cryptocurrency Analysis and News Portal
Hong Kong regulators are looking to tighten the noose around the crypto market after arresting six individuals following allegations of fraud around an unlicensed crypto exchange, JPEX. The government intends to increase its efforts to inform investors and remind them only to utilize platforms granted Securities and Futures Commission licenses. Meanwhile,
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Brian Armstrong, the CEO of crypto exchange Coinbase, expressed his stance on artificial intelligence (AI) regulation in a recent post on the social media platform X (formerly Twitter). On Sept. 23, Armstrong explained that he believes that AI should not be regulated. According to the Coinbase CEO, the AI space needs
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The European Parliamentary Research Service (EPRS) highlighted the need for tighter oversight from non-European Union regulators to ensure greater stability and development in the global cryptocurrency market.MiCA implementation timeline. Source: esma.europa.euAs the Markets in Crypto-Assets Regulation (MiCA) Act continues on the road to implementation by December 2024, an EPRS report cited the
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The chief executive of Grayscale, a leading digital asset management firm, believes that the United States has a significant opportunity to dominate
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Hong Kong regulators are looking to tighten the noose around the crypto market after the arrest of six individuals following allegations of fraud around an unlicensed crypto exchange called JPEX.John Lee Ka-chiu, the chief executive of Hong Kong, told reporters on Sept. 19 that the government would increase its efforts
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Malta’s Financial Services Authority has initiated the next step to revise its cryptocurrency regulations, aiming to align them with the forthcoming European Markets in Crypto-Assets (MiCA) regulations set to go into effect in December 2024. Malta’s announcement aims to bring about changes in its regulations governing exchanges, custodians, and portfolio managers,
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According to the CMA, the AI principles will help to promote competition in the UK, while also protecting consumers from exploitation. The United Kingdom’s (UK) antitrust agency has set principles that should form the framework for guiding artificial intelligence (AI) regulation. The Competition and Markets Authority (CMA) published a press release
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Buterin shared doubts about Hong Kong’s crypto welcome party and laws during a Singapore summit, prompting an invitation from local regulator Johnny Ng. A member of the Legislative Council invited Ethereum (ETH) creator Vitalik Buterin to scope out Hong Kong’s regulatory atmosphere and assured Buterin of lasting crypto-friendly rules for compliant
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“The FCA has implemented new rules for crypto firms. As a result, all compliant crypto firms with U.K. customers are making a number of changes to their platforms in order to comply with the new regulations,” Taylor said. “For Luno, this includes pausing the ability to invest through the platform
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The leaders of the G20 nations have thrown their weight behind the Financial Stability Board’s (FSB) recommendations regarding the regulation of crypto. In a landmark move, the G2O intergovernmental forum, on Sept. 9, voiced its support for a slew of recommendations prepared by the FSB to regulate and oversee the global
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