Binance’s ever-shrinking European footprint loses EUR payment rail
Germany’s Bafin had decided against issuing Binance a license to custody digital currencies, stating that this decision had been communicated to the exchange’s local representatives.
Germany’s Bafin had decided against issuing Binance a license to custody digital currencies, stating that this decision had been communicated to the exchange’s local representatives.
One of the changes of the new regime is abolishing the 2022 “Guidelines for the Spot Clearing Business of Bulk Commodities” in favor of the revised edition in May 2023.
The securities chief says the collapse of FTX entrenched the agency’s belief that ‘crypto’ trading must be regulated stringently as Hong Kong attracts VASPs.
The Financial Action Task Force urged member states to promptly implement its virtual asset and virtual asset service provider guidance, including implementing the money transfer "Travel Rule."
The draft regulations ban using AI for examinations, requiring teachers to educate pupils on the “tendencies and limitations” of the technology; it is also limited in artistic fields.
Banning digital assets may not be the best way of mitigating the associated risks, said the IMF, a few months after suggesting such an approach might be an option.
Under the old tax rules, companies that issued and held their own digital tokens in Japan were subjected to 30-35% taxation on value gains if those tokens were listed on an open trading market.
The Canadian Securities Administrators says digital asset firms are listing fake regulators to gain credibility and called on investors to be cautious.
The bill will clip the SEC’s authority over digital assets, with the CFTC taking a more prominent role, including jurisdiction over ‘crypto’ spot markets.
The goal of the commission is to review the current approach to AI regulation in the United States, make recommendations on any governmental structure, and develop a risk-based framework for the technology.
DeFi can’t be ignored anymore, and authorities must regulate the sector to protect against risks such as money laundering and terrorist financing, says Autorité des Marchés Financiers.
Slovak legislators worry that the digital euro will start out as an alternative but will soon be mandatory, and they fear Slovakia could lose monetary sovereignty.