Nigeria’s central bank denies directive to freeze digital asset bank accounts
After news outlets reported on the directive supposedly issued to multiple banks, the Central Bank of Nigeria denied it amid a nationwide digital currency crackdown.
Latest regulation News
Connecticut Senate passes AI bill curbing bias, deep fakes
The bill would punish anyone found guilty of using AI to create deceptive deep fakes and is supported by Microsoft and IBM amid local tech firms’ opposition.
EU’s anti-money laundering bill passes final vote
The latest AML package is part of an increased effort by the EU to combat terrorist financing, and money laundering, which was given urgency following Hamas' financing through digital assets.
AI in Regtech is expected to balloon to $6.64 billion by 2028: report
The Research and Markets report highlights several factors responsible for the surge of artificial intelligence in regtech, including the requirement for real-time monitoring and reporting to protect consumers.
Canada to enforce new ‘crypto’ tax guidelines by 2026
Canada has pledged to enforce the Crypto-Asset Reporting Framework (CARF), which aligns with OECD standards, one year before they take effect globally.
India’s fair trade regulator to appoint agency for studying AI landscape
The CCI study is expected to examine the potential competition, scope, and nature of AI applications while assessing the tech's associated opportunities, risks, and ramifications.
IRS bares new digital asset reporting form for US taxpayers
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.
Bipartisan AI Innovation bill introduced to US Senate
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.
EU is not so crypto-friendly, regulator warns
While much of the world is warming up with blockchain and digital currencies, laws targeting these industries in the EU signal that the region won't go easy with embracing emerging technologies.
New Zealand kicks off 100-day CBDC public consultation
The Reserve Bank of New Zealand launched its first consultation in 2021, which focuses on principles and design options for the digital dollar.
South Africa issues digital currency licenses to Luno, VALR
The Financial Sector Conduct Authority announced in 2023 that all VASPs had to obtain a license or shut down by the end of the year.
Massachusetts AG releases AI advisory for enterprises amid soaring adoption rates
Massachusetts AG's advisory took swipes at the “false advertising” in AI and warned that AI firms engaged in deceptive marketing could face dire sanctions under the state’s consumer protection rules.