DORA the enforcer passes into law
DORA is expected to provide a common set of standards to manage digital risks across the EU's financial sector and potentially curb cyberattacks associated with digital assets.
DORA is expected to provide a common set of standards to manage digital risks across the EU's financial sector and potentially curb cyberattacks associated with digital assets.
Between October 2018 and September 2022, the CFPB received more than 8,300 virtual currency complaints, “the majority in the last two years.”
Securities commission Chairman Gary Gensler has re-emphasised the need for digital asset platforms to bring themselves within the protective umbrella of SEC regulation as the FTX collapse continues.
Countries covered by the Financial Action Task Force are required to conduct anti-money laundering reviews annually instead of every 10 years or risk being added to the 'grey list,' or worse, be blacklisted.
Digital asset exchange Coinbase was reprimanded by German financial supervisory authority BaFin over corporate deficiencies, with the latter demanding the firm carry out organizational change.
Digital asset regulation in the United States has a problem. There are too many chefs in the kitchen, and in confusion, some digital dishes are getting burned while others are being snuck out the back door.
The Digital Markets Act went into effect on November 1, but the European Union will give platform holders until the beginning of May 4, 2023, to comply.
Studies show Texas could see its global 'crypto' mining power mount to 20% next year, sending worries about skyrocketing electric costs and its impact on the state's grid and the environment.
If passed, the proposed Online Safety Bill will cover all social media platforms, search engines, forums, online games, messaging apps, and even metaverses where users are mostly young.
Two U.S. regulators have staked a claim over digital asset regulation: the Securities and Exchange Commission, and the Commodity Futures Trading Commission.