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The Australian Securities and Investments Commission (ASIC) has canceled the license of Binance Australia Derivatives after a targeted review of Binance’s operations in the country.“ASIC has today canceled the Australian financial services license held by Oztures Trading Pty Ltd trading as Binance Australia Derivatives,” the securities regulator stated in the
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“It is critically important that AFS licensees classify retail and wholesale clients in accordance with the law. Retail clients trading in crypto derivatives are afforded important rights and consumer protections under financial services laws in Australia, including access to external dispute resolution through the Australian Financial Complaints Authority," ASIC Chair
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The Virtual Assets Regulatory Authority (VARA), the entity that oversees crypto activities in Dubai, has asked Binance to provide more information about its business requirements in its efforts to tighten regulatory guardrails in the emirate, Bloomberg reported.Citing three anonymous sources, Bloomberg reported on April 5 that the regulator had asked Binance
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"If the crypto community and crypto investors like me want to fit into the existing global financial services system, we have to tuck under the regulator," he said. "I no longer have any interest in going to war with regulators, litigating regulators and suing regulators. That is not the future
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Italy’s ban on conversational artificial intelligence (AI), ChatGPT, sparked significant controversy among the tech industry and the country. The Italian deputy prime minister also criticized the ban as excessive. On Friday, March 31, following concerns raised by the national data agency about possible privacy violations and failure to verify the age
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The notice said the exchanges were in violation of the country's fund settlement laws at the time of issuing the warning letter by "conducting crypto asset exchange business without registration." The regulator also said the list of unregistered traders "does not necessarily indicate the current state of unregistered business." Source
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In a press release, the GDDP said it is investigating ChatGPT following a ban on the wildly popular OpenAI chatbot. Italy has become the first Western nation to officially ban the artificial intelligence chatbot ChatGPT over privacy concerns. The European country seeks to launch an investigation regarding suspected breaches
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Crypto.com has announced its receipt of a Minimal Viable Product (MVP) Preparatory license from Dubai's Virtual Asset Regulatory Authority (VARA).This preparatory phase operations license came after the exchange obtained provisional approval from the regulator in Dubai last year. In the preparatory stage, the MVP license allows the exchange to fulfill
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The financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and highlights its flaws in an article. Head of Dutch Financial Authority Says Cryptos Are
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