Cryptocurrency Analysis and News Portal
The new rules also require companies to give advance for token de-listings and to be more transparent with their customers about removing support for cryptocurrencies they once listed. In addition, the companies must formulate their policies based upon “specific business model, operations, customers and counterparties, geographies of operations, and service
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Governor Newsom’s endorsement of the crypto regulation bill represents a significant departure from his previous stance. California’s crypto industry is bracing for significant changes as Governor Gavin Newsom signs off on a groundbreaking regulatory bill expected to revamp the state’s digital asset landscape. The newly approved bill, the Digital Financial Assets Law,
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China has released draft security regulations for companies providing generative artificial intelligence (AI) services, encompassing restrictions on data sources used for AI model training.On Wednesday, Oct. 11, the proposed regulations were released by the National Information Security Standardization Committee, comprising representatives from the Cyberspace Administration of China (CAC), the Ministry
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Under the Act, companies building and deploying AI models would need to perform risk assessments and label AI-generated content. European Union (EU) negotiators are reportedly discussing placing additional restrictions on large artificial intelligence (AI) models as part of the upcoming AI Act. According to a Bloomberg report, representatives from the European
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Controversial new measures known as the travel rule, requiring crypto operators to identify the sender and recipient of funds transfers, are already legislated to take effect in the U.K. as of Sept. 1. While the money-laundering norms haven’t yet been fully implemented across the world, the U.K.'s upcoming stricter rules,
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In a June 8 announcement, the United Kingdom’s Financial Conduct Authority (FCA) said that from Oct. 8, advertisers of crypto services in the U.K. would be subjected to stricter regulations.The watchdog has mandated that crypto companies in the U.K. implement a “cooling-off period” for first-time investors. Additionally, as part of
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Japan will implement stricter rules for exchanges, including the implementation of the FATF travel rule, to combat money laundering and ensure transparency in cryptocurrency transactions. On May 23, Japan announced that it will implement stricter measures against money laundering (AML) in cryptocurrency transactions starting from June 1, in order to comply
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European Union lawmakers have adopted new draft legislation imposing a 1,000 euro ($1,083) cap on anonymous crypto transfers to combat money laundering and terrorist financing.According to a European Parliament statement published on March 28, the limit would apply to a crypto asset transfer when a customer can’t be identified. Cash
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Meanwhile, existing crypto service firms can continue operating as usual. French lawmakers have voted in favor of stricter crypto regulations in the country. The bill, as proposed by Senator Hervé Maurey, sought to restrict crypto companies in France from operating without a full license. In January, the Bank of France Governor,
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The government of Indonesia wants to assign crypto supervision to the Asian nation’s financial watchdog in order to ensure better protection for investors. The move is part of a planned overhaul of regulations in the sector aimed at increasing oversight of the expanding digital assets market. Indonesia Mulls Over New Financial
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