Regulation
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Taming the Wild West of Cryptocurrencies: SEC’s Gary Gensler Unveils New Regulations and AI Insights

SEC Chair Gary Gensler is preparing to discuss the Securities and Exchange Commission’s (SEC) updated approach to overseeing technological advancements, including cryptocurrencies and artificial intelligence (AI), in front of the U.S. House Financial Services Committee. Gensler’s opening remarks for the hearing on September 27 have been made available, shedding light on the SEC’s expanded regulatory […]

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News Regulation
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California’s Cryptocurrency Revolution: The Battle for Regulation and Innovation

Last week, the California Legislature took a significant step by approving a bill designed to establish a new set of rules and licensing requirements for cryptocurrency firms. The bill also intends to implement various regulatory measures to oversee these crypto companies. Currently, the bill is awaiting approval from Governor Gavin Newsom, who has until October […]

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News Regulation
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India Surges to Second Place in Global Cryptocurrency Transactions, Defying Regulatory Challenges

India has secured the second spot globally in terms of cryptocurrency transaction volume, as revealed in a recent report by Chainalysis. Despite facing challenges related to tax laws, India has emerged as a significant player in the crypto market, surpassing the UK, Turkey, and Russia. According to Chainalysis, India has showcased remarkable grassroots adoption, with […]

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News Regulation
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Takedown of Hong Kong Crypto Exchange: Influencer Arrested in HK$34 Million Scandal

Hong Kong authorities have arrested an internet celebrity for allegedly promoting the unlicensed cryptocurrency exchange known as JPEX. The arrest comes after more than 83 reports were filed against JPEX, resulting in an estimated loss of HK$34 million. The Securities and Futures Commission (SFC) has raised concerns about JPEX’s active promotion of its services without […]

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Regulation
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Ethereum Co-Founder’s Optimistic View: How Crypto Regulation Will Align with U.S. Principles

Joseph Lubin, one of the co-founders of Ethereum and the CEO of ConsenSys, expressed confidence that the ongoing legal battles between the U.S. Securities and Exchange Commission (SEC) and various crypto firms will eventually find a resolution in favor of the crypto industry. He believes that U.S. regulators will come to recognize the alignment of […]

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Regulation
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Kemenag developing a crypto asset ecosystem authority will be transferred to OJK later

Deputy Trade Minister Jerry Sambuaga explained that the government continues to encourage the development of the digital economy in Indonesia. One of them is through the development of a national crypto asset ecosystem, and later the regulation and supervision will be handed over to the Financial Services Authority (OJK). This was conveyed by the Deputy […]

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Regulation
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Japan Tightens Cryptocurrency Money Laundering Regulations

Japan will implement stricter anti-money laundering measures, including those recommended by the Financial Action Task Force (FATF). The decision was made by Japan’s cabinet on June 23, 2023 after the country’s anti-money laundering measures were deemed insufficient by global financial crime watchdog FATF. Reporting from CoinDesk, Friday (11/8/2023), in 2019, the FATF recommended rules called […]

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Binance Hot Topic News Regulation
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Binance Makes Historic Move as First Licensed Crypto Exchange in El Salvador

Binance, the world’s largest cryptocurrency exchange, has become the first fully licensed crypto exchange in El Salvador.  In a Tuesday announcement, the company said it has been granted a Bitcoin Services Provider license (BSP) by the Central Reserve Bank (Banco Central de Reserva) and the first non-provisional Digital Assets Services Provider license (DASP) by the National Commission […]

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Regulation
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Hasan Fawzi Officially Becomes DK OJK to Supervise Crypto in Indonesia

The Indonesian Supreme Court officially inaugurated Hasan Fawzi and Agusman as the Board of Commissioners (DK) of the Financial Services Authority (OJK) for the 2023-2028 period on Wednesday, 9 August 2023. Hasan officially filled the position of Chief Executive Supervisor in the realm of technological innovation in the financial sector, digital financial assets and crypto […]

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