UK widens digital asset money laundering rules to include NFTs
This week, the U.K. Treasury published a paper detailing proposed changes to ‘crypto’ supervision, expanding the FCA’s mandate and including NFTs in the bracket.
Latest regulation News
EU Parliament passes landmark AI Act
The European Union parliament has approved the AI Act, which will introduce a regulatory framework that categorizes artificial intelligence apps based on their risks.
London Stock Exchange to list digital asset ETNs after FCA approval
The Financial Conduct Authority announced on Monday that it would not object to digital asset exchange traded note listings on exchanges but would still limit the products to professional investors.
FDIC blasts US agencies’ closed-off regulatory approach
FDIC Vice Chair Travis Hill blasted his agency and the SEC for their approach to digital assets, leaving no room for positive engagements.
Wyoming’s new law recognizes DAOs as non-profits
Governor Mark Gordon signed into law the DUNA Act, advancing Wyoming’s recognition of DAOs as non-profits whose legal responsibility is distinct from their members.
National AI policy passage pushed in the Philippines
University of the Philippines’ Professor Eugene Jalao points out the Philippines' need to develop AI legislation in the face of growing AI adoption that will help trigger innovation and address industry gaps.
Zumo appoints financial heavyweight Ashwath Mehra as non-executive director as it seeks to capitalise on its regulatory advantage amidst growing institutional interest
Ashwath Mehra's appointment will strengthen Zumo's governance structures and help the company capitalize on its regulatory advantage after helping deliver Europe's first decarbonized Bitcoin spot ETF.
US Justice Department increases focus on artificial intelligence enforcement
The U.S. Justice Department is stepping up its focus on AI, with a top official warning firms and individuals who misuse the tech for white-collar crime will be at risk of a harsher sentence.
CFTC advisory committee votes to advance digital assets taxonomy
The taxonomy recommendation is geared toward creating a standardized terminology for classifying assets while ensuring that the ecosystem aligns with international regulatory clarity.
Oregon lawmakers crack down on AI misuse in political campaigns
As the federal elections near, Oregon lawmakers are ironing out details to curb artificial intelligence misuse in political campaigns, eyeing to have two bills passed covering ads and hefty penalties for violators.
India exempts startups in new regulation on releasing AI tools to public
Aside from getting a permit, firms covered by the new mandate should ensure that their artificial intelligence tools, products, or services "do not permit any bias or discrimination" before being put out to the public.
Taiwan draft bill on digital asset regulation coming in September
Digital assets pose an increasing danger to legacy finance and that the proposed laws will protect the stability of Taiwan’s financial industry, according to the Financial Supervisory Commission.