Business

OpenAI slammed with class-action lawsuit over alleged data theft
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4 July, 2023

OpenAI slammed with class-action lawsuit over alleged data theft

The lawsuit alleges that OpenAI breached the Electronic Communication Privacy Act, Computer Fraud and Abuse Act, California Invasion of Privacy...
New Zealand central bank to increase digital assets monitoring, avoids full regulatory approach
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4 July, 2023

New Zealand central bank to increase digital assets monitoring, avoids full regulatory approach

The Reserve Bank of New Zealand also stated that a slow-and-steady approach is required for stablecoins and digital currencies due...
Africa, ASEAN enter into landmark partnership agreement to promote digital economies
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4 July, 2023

Africa, ASEAN enter into landmark partnership agreement to promote digital economies

This agreement between Africa and ASEAN marks the beginning of the collaboration in the two regions in areas like payments,...
CFTC secures $54M default judgment against digital currency fraudster
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3 July, 2023

CFTC secures $54M default judgment against digital currency fraudster

The U.S. District Court for the Southern District of New York ordered Michael Ackerman to pay $27 million in restitution...
KuCoin aligns with global regulatory standards with mandatory KYC program
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3 July, 2023

KuCoin aligns with global regulatory standards with mandatory KYC program

KuCoin disclosed that the new Know Your Customer policy would begin on July 15 for new and existing customers, stating...
UK passes bill recognizing digital assets as regulated financial activity
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3 July, 2023

UK passes bill recognizing digital assets as regulated financial activity

The FSMB bill passing extends the banking rules of the FSMA 2000 to stablecoins and digital assets, meaning digital assets...
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