Additional initiatives to increase the openness of AI technologies like OpenAI’s ChatGPT have been explored by European Union officials. Companies using generative AI technologies that have the “potential to generate disinformation” should mark their material. Vera Jourova, vice president for values and transparency at the European Commission, told the media
China seems to be welcoming foreign businesses into some sectors. The nation has taken a strong line against the buying, selling, and holding of cryptocurrencies like Bitcoin and Ethereum, yet it is still actively promoting the growth of Web3. Beijing Municipal Science and Technology Commission and Zhongguancun Science and Technology
OKX, a cryptocurrency exchange, aims to recruit about 100 staff in France over the next three years as it seeks to join the 74 other firms that have been granted regulatory authorization by France’s Financial Markets Authority (AMF). The Seychelles-based company has applied for Digital Asset Service Provider (DASP) status
A record-breaking €1.2 billion ($1.3 billion) punishment was issued by the Data Protection Commission of Ireland against the social networking company, Meta. It is forbidden to send information on European Facebook users to the U.S. This is a serious breach of European Union data privacy laws. Because of Meta’s disregard
Members of the Council of the European Union voted in favor of the Markets in Crypto-Assets (MiCA) legislation on May 16. Granting it final approval and paving the way for it to become a standardized regulation throughout the EU. There were 27 yes votes from Finance Ministers from EU member
The Crypto Council for Innovation (CCI) has filed an amicus brief, a written argument over the U.S. SEC seeking a proper response to Coinbase firm. The reason for this is the failure of the U.S. Securities and Exchange Commission (U.S. SEC) to respond back to the petition raised by Coinbase.
Gemini is expanding outside the United States with the development of a derivatives platform that will service 30 nations and territories. The notable cryptocurrency company established by Tyler and Cameron Winklevoss revealed the intention in late April and made the announcement on Tuesday. This, adds to a rising trend of
The Securities Commission of the Bahamas (SCB) has instituted stringent new regulations for Virtual Assets Service Providers (VASPs) seeking to operate within its jurisdiction as a means of demonstrating that it has learned from the demise of the FTX Derivatives Exchange. The SCB claims it has raised financial and reporting
NASSAU, The Bahamas–(BUSINESS WIRE)–The Securities Commission of The Bahamas (the Commission) today published the Digital Assets and Registered Exchanges (DARE) Bill, 2023 for consultation. The DARE Bill 2023 expands the definition and list of digital asset business activities and includes robust consumer and investor protection, risk management, and market innovation
Bitget, a cryptocurrency trading platform located in Seychelles, has formally registered as a service provider in Lithuania. The Baltic state’s local rules and regulations have been fulfilled, according to a release from the exchange. Also, a safe haven for crypto and blockchain initiatives, the nation is seen as a growing
