Cryptocurrency Analysis and News Portal
There is a “real risk” that the artificial intelligence (AI) industry could develop in a way that could end up with only a few firms dominating the market while consumers are bombarded with harmful information, according to the United Kingdom’s competition watchdog. In a report published on Sept. 18, the Competition
Read More
Crypto exchange JPEX has reportedly increased its withdrawal fee to up to 999 Tether (USDT) after receiving a warning from Hong Kong’s Securities and Futures Commission (SFC). The staff of the exchange has also been reportedly missing from its Token 2049 booth in Singapore. On Sept. 13, the SFC, Hong Kong’s
Read More
Federal Reserve’s Michael Barr highlights the risks of unregulated stablecoins, emphasizing the need for robust federal oversight in the evolving digital currency landscape. Michael Barr, the Federal Reserve’s leading authority on banking oversight, has voiced robust concerns regarding stablecoins operating outside the oversight of federal regulation. While Federal Reserve officials have articulated
Read More
The East Asian country will set guidelines to ensure that crypto businesses establish review mechanisms, keep customers payments separate from their own tokens and comply with anti-money laundering laws (AML). It also plans to set out that unregistered overseas firms should not solicit business in the country. Original Source
Read More
The Bavarian State Office for Data Protection Supervision, or BayLDA, reportedly began an investigation into human identity verification project Worldcoin based on concerns over biometric data.According to a July 31 Reuters report, the German data watchdog launched a probe into Worldcoin’s activities starting in November 2022. Worldcoin, a project started
Read More
The French National Commission on Informatics and Liberty (CNIL), France’s data protection agency, is questioning the legality of Worldcoin's data collection methods, according to a Reuters report. In an email to Reuters on July 28, CNIL said:“The legality of this collection seems questionable, as do the conditions for storing biometric data.”CNIL
Read More
The United Kingdom’s Financial Conduct Authority (FCA) has announced the launch of its Digital Sandbox, aimed at supporting tech firms in the early stages of product development.In a July 20 announcement, the FCA said the Digital Sandbox will become available on a permanent basis starting on Aug. 1. The financial
Read More
Crypto firms and influencers may need to start slapping disclaimers on crypto memes to stay compliant with advertising laws in the United Kingdom, according to a new proposed guidance from the country's financial regulator.On July 17, the Financial Conduct Authority (FCA) released a proposed guidance on social media financial promotions
Read More
"Saxo Bank A/S' trading in crypto assets for its own account has taken place in order to cover risks in connection with the offering of other financial products," the statement said. "However, this does not change the fact that the activity, in itself, is not permitted for Danish financial institutions
Read More
The United Kingdom’s Financial Conduct Authority, or FCA, has announced that all cryptoasset firms marketing to users in the country must be in compliance with its financial promotions regime by October 2023.In letters dated July 4, the FCA said starting on Oct. 8, companies operating in the U.K. will have
Read More