Ukraine’s Ministry of Digital Transformation presented its regulatory roadmap for artificial intelligence (AI) on Oct. 7. The roadmap was published on the ministry’s website and states that it aims to help local companies prepare for adopting a law analogous to the European Union’s AI Act. It also seeks to educate citizens on protecting themselves from AI…
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The United Kingdom’s financial markets regulator, The Financial Conduct Authority (FCA), had a busy Sunday on Oct. 8, adding several crypto exchanges to its warning list of non-authorized firms that customers “should avoid.” 143 new entities were added to the warning list, including major exchanges such as Huobi/HTX and KuCoin, founded in China and Singapore…
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The United Kingdom has an opportunity to capitalize on the departure of Web3 firms leaving the United States due to regulatory uncertainty. But to achieve that, the U.K. will need to follow its own regulatory path, smoothing the requirements for crypto in some regard, according to a think tank. On Oct. 2, the influential conservative…
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The European Securities and Markets Authority (ESMA), the European Union’s markets regulator, released a second consultative paper on Markets in Crypto-Assets (MiCA) mandates on Oct. 5. In the 307-page document, the ESMA seeks stakeholders’ input on five areas of MiCA, including sustainability indicators for distributed ledgers, disclosures of inside information, technical requirements for white papers,…
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Director of the Central Bank of the Argentine Republic (BCRA), Agustín D’Attellis, publicly supported his counterpart, the Minister of Economy Sergio Massa, in his promotion of the central bank digital currency (CBDC) as a remedy for the national economy. Giving a commentary on local TV, D’Attellis expressed his belief that the “digital peso” (PAD) could…
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In Kazakhstan, the world’s third-largest market in terms of Bitcoin mining hash rate, the local crypto-mining operators are complaining about the high energy prices to the national leader. According to the local media, eight major cryptocurrency mining operators signed an open letter to the President of Kazakhstan, Kassym-Jomart Tokayev. This list includes BCD Company, TT…
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Mário Centeno, the governor of Banco de Portugal, joins a chorus of regulators claiming that national efforts to oversee crypto wouldn’t work correctly without a global framework. A section of Mário Centeno’s speech. Source: Publicnow.com In his opening speech at the 2023 Banco de Portugal Financial Stability Conference on Oct. 2, Centeno called for international cooperation to…
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Despite United States Representatives Mike Flood, Wiley Nickel, Tom Emmer and Ritchie Torres calling on the Securities and Exchange Commission (SEC) to immediately approve the listing of spot Bitcoin (BTC) exchange-traded funds (ETFs), the agency once again delayed its decision. When it comes to spot Ether (ETH) ETFs from VanEck and ARK 21Shares, the SEC…
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New York-headquartered crypto exchange Gemini has decided to quit the Netherlands, following in the footsteps of crypto giant Binance. The company cites its inability to meet regulators’ requirements but says it intends to return to the Dutch market. In a letter to its Dutch users on Sept. 26, Gemini asks them to either withdraw their…
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Nvidia, one of the global leaders in artificial intelligence (AI) chip production headquartered in California, reportedly faced a police raid in its French offices this week. The action came as a part of a general inquiry of French antitrust authorities into the cloud computing sector. The Wall Street Journal reported the raid on Sept. 28, although neither…
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