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Regulation

Digital currency cannot be legal currency, India’s finance minister says
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18 March, 2024

Digital currency cannot be legal currency, India’s finance minister says

India's Finance Minister Nirmala Sitharaman insists that digital currencies cannot be a legal currency in India, they are simply assets...
BNY Mellon, Goldman Sachs lead 45 institutions in testing interbank blockchain network
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16 March, 2024

BNY Mellon, Goldman Sachs lead 45 institutions in testing interbank blockchain network

Developed by Digital Asset Holdings, the Canton Network simulated 350 transactions on blockchain across tokenization, securities lending, digital cash, and...
Russia: New law greenlights digital assets use for cross-border payments
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16 March, 2024

Russia: New law greenlights digital assets use for cross-border payments

The provisions of the newly minted law reveal that only tokenized assets issued by the Bank of Russia are authorized...
South Africa approves 59 VASP licenses
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15 March, 2024

South Africa approves 59 VASP licenses

South Africa’s FSCA has received 355 applications but has only approved 262, a higher number than was previously revealed, according...
UK widens digital asset money laundering rules to include NFTs
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15 March, 2024

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...
EU Parliament passes landmark AI Act
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15 March, 2024

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...
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