Regulation

UK fines Coinbase £3.5M for ‘repeated and material breaches’ of financial crime controls
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26 July, 2024

UK fines Coinbase £3.5M for ‘repeated and material breaches’ of financial crime controls

The FCA fined a £3.5 million (US$4.5 million) penalty on Coinbase's CB Payments Limited for "repeatedly breaching a requirement that...
Russia cautiously warms up to digital asset payments as Putin warns of power disruptions
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26 July, 2024

Russia cautiously warms up to digital asset payments as Putin warns of power disruptions

Russia’s AML chief called on the government to accelerate the development of digital asset payment infrastructure in international payments amid...
Meta to halt AI releases in EU due to ‘unpredictable’ regulations
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25 July, 2024

Meta to halt AI releases in EU due to ‘unpredictable’ regulations

Meta joins Apple in blackballing EU users, but unlike the iPhone maker’s anti-competitive reasons, it’s concerned about using public data...
Nigeria begins implementation of national blockchain policy
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23 July, 2024

Nigeria begins implementation of national blockchain policy

The chairman of the steering committee revealed that the implementation had officially started, with NITDA spearheading the initiative on the...
Philippines’ poll watchdog opposes AI ban, advocates for ethical guidelines
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23 July, 2024

Philippines’ poll watchdog opposes AI ban, advocates for ethical guidelines

Instead of imposing an AI ban, the Philippines election watchdog is advocating for ethical guidelines to ensure AI's responsible use...
Last week in AI: Meta suspends AI tools in Brazil; Japanese companies embracing AI; Nvidia, Amazon, OpenAI forms coalition
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23 July, 2024

Last week in AI: Meta suspends AI tools in Brazil; Japanese companies embracing AI; Nvidia, Amazon, OpenAI forms coalition

Last week's news about AI saw Meta's suspension of AI tools in Brazil, Japanese companies' stance on AI, Meta not...
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