Basel Committee to consider disclosure requirements for banks’ crypto assets
The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small...
Day: 6 October 2023
CoinShares’ crypto venture Komainu wins crypto registration in UK
Komainu is increasing its presence in the U.K. after making an agreement with authorities to store crypto seized during local...
3AC fugitives in disarray as OPNX faces new peril: Asia Express
3AC co-founder Su Zhu was arrested in Singapore, leaving several disgraced blockchain executives’ entrepreneurial ventures in disarray. Our weekly roundup...
Snapchat warned by UK data watchdog over AI chatbot risks
Snapchat received a warning from the U.K. data watchdog regarding its AI chatbot “My AI” for potentially failing to identify...
Rise of Ethereum staking came at cost of higher centralization: JPMorgan
Ethereum co-founder Vitalik Buterin previously admitted that centralization is one of Ethereum’s main challenges, which could take 20 years to...
First Look: Art gallery in Dubai to educate artists on NFTs, Web3
37xDubai founder Danilo Carlucci said the gallery uses NFTs based on the Tree of Life art display as its membership...
Evaluation: The Arbitrix Edge AI-Powered Crypto Trading Platform
Arbitrex Edge recently launched to much fanfare. The platform’s launch was widely seen as a big deal for a simple...
MultiBank.io: A Cryptocurrency Exchange that puts Regulation first
Established in 2005, MultiBank Group aims to bring regulation and safety to the financial industry, creating a trusted trading environment....
UNESCO and Netherlands design AI supervision project for the EU
The United Nations’ UNESCO and the Dutch government launched a new project for supervising AI to help create a framework...
Retail stablecoin trading in Hong Kong not allowed yet, official says
Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen...
UK must loosen KYC demands for crypto to outpace US in Web3 — Think tank
Policy Exchange published its report on Web3 containing 10 proposals for the U.K. government. The United Kingdom has an opportunity...
European regulator publishes second consultation on MiCA
The regulator will publish a final report based on feedback received and submit the draft technical standards to the European...
OKX exec says KYC will ‘raise the bar,’ bring real capital into crypto: Blockchain Economy Dubai 2023
Lennix Lai, OKX’s global chief commercial officer, told Cointelegraph that bringing traditional finance investors into the space would require raising...
THORSwap goes into ‘maintenance mode’ to counter illicit funds movement
THORSwap acknowledged the ongoing illicit use of the DEX and are acting to find a permanent block to the misuse.
Canadian regulatory body clarifies stablecoin rules for exchanges and issuers
The umbrella organization for Canada’s securities regulators has set conditions for trading and issuing stablecoins. The Canadian Securities Administrators (CSA)...
