Business

Second iteration of cross-border CBDC pilot between China, Hong Kong falters
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24 June, 2023

Second iteration of cross-border CBDC pilot between China, Hong Kong falters

The CBDC pilot initiative hit a road bump following several user complaints, including the limited number of merchants accepting the...
US House to vote on digital asset bill giving CFTC greater power
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23 June, 2023

US House to vote on digital asset bill giving CFTC greater power

The bill will clip the SEC’s authority over digital assets, with the CFTC taking a more prominent role, including jurisdiction...
Bipartisan US bill seeks to introduce a national AI commission
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23 June, 2023

Bipartisan US bill seeks to introduce a national AI commission

The goal of the commission is to review the current approach to AI regulation in the United States, make recommendations...
IRS, DHS, DEA form new task force targeting ‘crypto’ crime
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23 June, 2023

IRS, DHS, DEA form new task force targeting ‘crypto’ crime

The three have partnered with the Office for US Attorneys and Postal Inspection Service to target crypto drug trafficking, money...
SEC has 120 days to respond to Coinbase request for regulatory guidance, rulemaking
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23 June, 2023

SEC has 120 days to respond to Coinbase request for regulatory guidance, rulemaking

The U.S. securities regulator has until October 11, 2023, to respond to Coinbase's petition on proposed crypto-specific rules before the...
Nevada orders Prime Trust to cease & desist for failing to safeguard customer assets
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23 June, 2023

Nevada orders Prime Trust to cease & desist for failing to safeguard customer assets

Nevada’s action against Prime Trust pokes a major hole in the ‘crypto bro’ mantra that SEC Chairman Gary Gensler is...
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