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Legal hurdles continue to hound Binance after being hit with a class action lawsuit in Canada for allegedly breaching securities laws, while its app in the Philippines looks to be taken down.
Under the IRS' latest tax rule, anyone considered a digital asset broker must prepare Form 1099-DA for customers who sell or exchange digital assets to ensure all gains and losses are being reported.
To avoid stifling innovation, U.S. lawmakers are pushing for a bill promoting government-private sector partnership in the AI industry, including crafting guidelines to counter the tech's risks.
Member of Parliament Lisa Cameron chaired the debate and started proceedings by arguing that the U.K. needs to "level up" if it wants to be a superpower across emerging digital technologies.
While emphasizing the potential of CBDCs in enhancing payments and securities transactions, the World Economic Forum also identified a number of industry challenges where the technology can be of good use.
UK Finance's RLN experimentation will focus on three primary aspects: reducing fraud in online marketplaces, improving customer transparency, and establishing a digital bond settlement.
Norway's new mandate gives more power to authorities to shut down data centers deemed undesirable, requiring these centers to disclose their services and the individuals behind their operations.
In its paper, the Bank for International Settlements said a financial system running on a unified ledger could help foster greater participation, more personalized services, and improved speed and reliability for end users.
The latest law for stablecoins and digital asset activities will build on the foundation laid down by the passage of the FSMA 2023 and is in line with the U.K.'s intent to become a digital hub.
While China remains adamant about embracing digital assets, Hong Kong proudly showcases its friendly stance with the approval of several ETFs, strengthening its position as a digital asset hub.
While it has been proven that digital assets can be recovered in most circumstances, certain foundational principles and ideologues remain barriers to the retrieval process.
Addressing mounting concerns over risks in the AI sector, including the concentration of power among tech giants, the CMA proposes a set of principles to help build sustained, vibrant innovation.
