South Carolina, Ohio, Mississippi introduce Blockchain Basics Act to protect ‘crypto’ ownership, mining
Proponents say the Act allows Americans to own and self-custody digital assets and engage in mining without fear of anti-crypto legislators.
Proponents say the Act allows Americans to own and self-custody digital assets and engage in mining without fear of anti-crypto legislators.
A study by accounting firm Deloitte found that an increasingly complex regulatory landscape for digital assets was the most cited challenge by executives at 45%.
Looking to replicate the EU's effort to curb AI misuse amid rapid adoption, Peru is drafting a framework geared toward stifling misinformation, safeguarding users' privacy, and promoting transparency.
EU inches closer to having a CBDC after 48 LIBE members voted in favor of the digital euro, but it likely won't be until June 2024 before a full EU Parliament vote is heard.
While critics think that the European Union is over-regulating again with its AI Act, others see this as an advantage but admit that the rules may need to be updated in line with future AI developments.
A three-year license issued to virtual asset service providers (VASPs) in 2021 expires this year, and they have to renew it; South Korea’s FIU plans to use this opportunity to expel ‘unfit’ exchanges.
Under MiCA, a stablecoin is regarded as of systemic importance if it has over 10 million holders, has over €5 billion in reserves, or €500 million daily transactions.
The island is considering including ‘crypto’ under the definition of investment, which would subject virtual asset service providers (VASPs) to the same regulations that investment firms face.
Stakeholders in the sector claim that the bill is quick to impose taxes and creates extra bureaucracy without any meaningful regulations for AI and robotics.
Rishi Sunak’s vision of the U.K. becoming a global hub for Bitcoin will likely come true, and the U.K. will be better off for the strict approach it has taken from the outset.
FSCA announced in 2023 that all VASPs in the country would be required to apply for a license as part of a new regulatory regime. The deadline for the applications was last November 30, 2023.
Authorities fined the city for using artificial intelligence in street surveillance projects, which integrated an AI-powered facial recognition system in two European Union-funded surveillance projects.