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US regulators doing ‘good job of alienating’ crypto sector — Cardano founder

The United States’ approach to cryptocurrencies could do more harm than good and they risk losing major players by the time they “get their act together,” Cardano founder Charles Hoskinson has said.“When you look at some of the U.S. regulators, in particular, they’ve done a really good job of alienating

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HK CEO Lee Says Regulators May Get Powers to Crack Down on Unlicensed Crypto Exchanges After Hounax, JPEX

Government supervision is needed to protect investors and crack down on unlicensed platforms, Lee said according to the report. The Hounax case follows a similar one involving crypto exchange JPEX, which led to the arrest of six people in September after more than a thousand complaints involving a total of

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Italian regulators investigate online AI data scraping

The Italian Data Protection Authority, a local privacy regulator, announced the launch of a “fact-finding” investigation on Nov. 22, in which it will look into the practice of data gathering to train artificial intelligence (AI) algorithms.The investigation aims to verify the adoption of appropriate security measures on public and private

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US regulators continue to discuss crypto: Law Decoded, Nov. 13–20

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing titled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets.” The meeting began with a discussion of Hamas’s use of crypto

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Failed ‘$175M’ real estate token raise draws ire of Texas regulators

The Texas State Securities Board has accused a network of companies under the "GS" brand and operating from Germany of fraudulent activities "tied to digital assets, investments in a staking pool in a proprietary metaverse." The network of companies is controlled by Josip Dortmund Heit.As described by regulators on November

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Australian regulators will compel businesses to report cyberattacks: Report

Australian authorities will oblige local companies to be fully transparent and report any ransomware cyberattacks on their businesses. The country’s economy lost $2.59 billion to cybercrimes in 2021. As reported by the Australian on Nov. 13, the national cybersecurity strategy, which will be revealed this week, will feature a mandatory system

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‘Fuck regulators,’ said SBF behind closed doors: Report

Despite publicly supporting drafting crypto regulation to protect customers, disgraced crypto exchange FTX founder Sam “SBF” Bankman-Fried appears to have shared a deep disdain for regulators.During SBF’s ongoing criminal trial, Assistant U.S. Prosecutor Danielle Sassoon inquired if the crypto executive could recall his previous Twitter statements regarding his support of blockchain

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Singapore, UK, Swiss, and Japan Regulators Collaborate on Asset Tokenization Pilots

The countries created a policymaking group to further the asset tokenization tests and help with navigating legal and compliance concerns. Government agencies in multiple countries are collaborating on asset tokenization tests with real-world assets. In a Monday announcement from the Monetary Authority of Singapore (MAS), regulators in Japan, Switzerland, Singapore, and

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Singapore, Japan, UK, Swiss Regulators Partner to Advance Asset Tokenization Pilots

The Monetary Authority of Singapore (MAS) has set up Project Guardian, a policymaker group that includes Japan's Financial Services Agency (FSA), the U.K's Financial Conduct Authority (FCA) and the Swiss Financial Market Supervisory Authority (FINMA) to advance cross-border collaboration in asset tokenization. Source

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