Nigerians demand clear digital asset regulations
Industry leaders, startup founders and the country’s Minister of Finance have joined calls for the country’s securities regulator to issue a clear policy framework for the sector.
Latest regulation News
South Africa issues 63 new VASP licenses, launches probe into 30 unlicensed firms
The FSCA has now licensed 138 VASPs from an initial 383 applications, and the FATF has warned that 97% of Africa struggles with digital currency-related compliance.
EU, UK regulators launch consultations on digital asset data reporting and wallets
The call for information is open until September 13; after that, the regulators will analyze all responses received and provide an update by Q1 2025.
COPIED Act proposed in US to protect content creators
The COPIED Act would require AI content to come with watermarks and prohibit AI companies from using content with provenance info in training AI models.
Decentralization a spectrum, regulation a necessity: Responses to France’s DeFi discussion paper
The AMF received 34 responses from various players in the DeFi ecosystem, centralized players from the digital asset sector and traditional finance around the world.
Vietnam mandates facial recognition for digital payments above $390
As the fifth most prone country for theft and cybercrime, Vietnam is moving to make its security more robust, requiring facial verification for online transactions above $390.
China scores diplomatic win following AI resolution passage at UN
The AI resolution, supported by over 140 nations, seeks to leverage the technology to create equal opportunities worldwide and speed up AI innovation and integration in developing countries.
North Carolina governor vetoes anti-CBDC bill
The North Carolina Governor said the bill was "premature, vague and reactionary and proposes an end result on important monetary decisions that haven't even been made yet."
Nigeria demands VASPs have local offices, CEO
Nigeria’s SEC has given VASPs 30 days to register, and among the requirements is for the CEO or managing director to be resident in the West African country.
Russia pushing ‘crypto’ payments, SWIFT alternative as sanctions bite
Bank of Russia said it had softened its stance on digital asset payment due to sanctions but admitted that the BRICS alternative faces tough hurdles.
South Korean exchanges to step up monitoring as global fraud, exploits surge
With blockchain-based scams on the rise, South Korea will go ahead with the operation of its monitoring system this mid-July in an attempt to safeguard participants in the digital asset ecosystem.
China planned 50 new AI standards by 2026 to cover LLM training, safety, and industrial applications
Chinese authorities plan to launch 50 new AI standards to encourage standardization across the ecosystem, targeting a tentative launch date of 2026.