With a full VASP license from Dubai, OKX eyes Middle East dominance
The new license, granted by Dubai's VARA, allows OKX Middle East to offer both fiat and spot trading services to users via its website and mobile app.
Latest Regulations News
India gears up for AI adoption in 2024 amid deepfakes, 30% job displacements
India's richest man, Mukesh Ambani, recently said his Reliance Industries would complete AI transformation in 2024, boosting hope for faster adoption and bigger investments in the sector.
US gov’t faces pushback on its efforts to limit digital currency excesses, protect consumers
Coin Center responded to a late-December demand by Sen. Warren, who sought more information on efforts by Coin Center to hire former gov't officials to lobby Congress on pro-digital currency issues.
IMF analyzes AI’s impact on global workforce
The IMF's report concludes that AI can reshape the global economic landscape, but cautions that the shift must be managed carefully, focusing on inclusivity, equitable growth, and ethical standards.
India’s Web3 industry hopes for ‘level playing field,’ regulations, blockchain funds from Union Budget
India's budget will be presented on February 1, and the Web3 industry hopes for better regulations for virtual digital assets and dedicated funds from the government for indigenous blockchain projects.
Japan leads 42 countries discussing digital asset regulation in 2023: PwC
The PwC report found four key areas that regulators focused on, with Japan, Mauritius, and the Bahamas among 23 countries that delved into all four areas.
China proclaims Web3 policy, hails new opportunities, downplays surveillance
China's MIIT replied to a proposal submitted during the First Session of the 14th Chinese People's Political Consultative Conference in March; it dealt with strengthening support for Web3 and more.
IOSCO lays out 9 policy recommendations addressing DeFi
IOSCO has released a set of nine policy recommendations to consider relating to DeFi, which complemented a set of recommendations issued in November on the oversight of digital asset markets.
Revolut suspends digital currency services for UK, cites new FCA rules
Revolut has joined PayPal, Luno, and Bybit, which have suspended some of their digital currency services in the United Kingdom, all blaming the new FCA rules taking effect in early January.
A closer look at European Union’s AI Act
The European Union is one of the first movers in its attempt to shape the global landscape of artificial intelligence governance with the recent agreement that the 27-nation bloc reached on the AI Act.
UK’s FCA unable to regulate digital currency, national auditor says
U.K.'s National Audit Office criticized the pace at which the Financial Conduct Authority responds to digital currency threats and risks, singling out the slow crackdown on digital currency ATMs and delayed licensing.
State of US digital asset regulation in 2023 and the crucial court cases shaping it
As a dramatic 2023 for digital assets draws to a close, CoinGeek speaks with Stephanie Breslow, co-author of 'Hedge Funds: Formation, Operation and Regulation' and partner at U.S. law firm Schulte Roth & Zabel, on the state of digital asset regulation in the U.S. at the court cases defining it.