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.
US Treasury plans to release its 2024 National Strategy for Combatting Terrorist and Other Illicit Finance, which will be based on the 2024 National Risk Assessments.
As the deadline looms, Hong Kong has reiterated its pledge to shut down all unlicensed VASPs by the end of May, even as it called for vigilance from investors.
South Dakota’s state Senate passed the bill recently, barring a digital dollar from being defined as money in its UCC, a move whose impact experts are still debating.
The £100 million funding will go toward upskilling workers for the AI era, launching nine new AI hubs, and training regulators, although the U.K. authorities have yet to figure out the regulation side.
Elsewhere, Hong Kong’s Treasury has proposed bringing OTC venues under the city’s regulations, arguing that they have been used to perpetrate ‘crypto’ fraud.
In this exclusive interview, Infrawatch PH's Terry Ridon shares his views on the Philippines' evolving regulatory landscape and the potential implications of blockchain innovation in the country.
While the EU remains behind in AI adoption compared to other economic powerhouses, the region leads in blockchain adoption, launching various initiatives and regulations to strengthen its game.
OpenAI’s ChatGPT violates the provisions of the European Union’s GDPR, the regional bloc’s rule book on information privacy, according to the Italian Data Protection Authority.
As the U.S. prepares for local polls, campaigns targeting key political figures to smear their reputation have begun, with criminals using AI to achieve their goals of spreading disinformation.
China is revamping its anti-money laundering (AML) framework, with digital assets among the key areas the government wants to tighten oversight to curb criminal exploitation.
