Regulation
UK finalizes regulatory approach to crypto, stablecoins
The phased regulatory introduction will kick off in early 2024, with legislation for fiat-backed stablecoins.
Assad Jafri 3 min read
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AI
White House issues executive order on AI risk management
President Biden's order consists of a sweeping set of safety procedures designed to protect against runaway risks.
Regulation
Singapore partners with UK, Japan, and Switzerland on digital asset initiative
The authorities are developing a Project Guardian initiative, focusing on asset tokenization of financial products.
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Taiwan introduces bill aiming to create regulatory framework for crypto
The bill's primary goal is to establish rules for virtual asset service providers to protect investors and maintain financial stability.
Regulation
Hester Peirce objects to SEC’s handling of LBRY case
The commissioner said the case "illustrates the arbitrariness and real-life consequences" of what she held was disproportionately severe penalization.
AI
Biden to sign executive order regulating AI use in federal government
The U.S. president is expected to sign an order on Monday, Oct. 30, to institute guidance for vetting AI tools for government use.
Regulation
Lawmakers call for DOJ investigation into Binance, Tether on suspicions of abetting illicit finance
Two Republican members of Congress have written to AG Merrick Garland to request the DOJ apply utmost scrutiny to the crypto heavyweights.
Regulation
New UK law grants authorities power to seize crypto without arrest
The Economic Crime and Corporate Transparency Act is part of the UK government's recent initiative to regulate the emerging industry.
Regulation
Gensler remarks ‘don’t get me started on crypto’ reaffirming most digital assets are securities
SEC's Gary Gensler indicates a stern outlook on crypto, flagging heightened scrutiny ahead.
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UK’s Financial Conduct Authority says crypto firms are failing to satisfy new promotional rules
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Binance reportedly eyeing foot in Hong Kong through shared resources with HKVAEX
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