Microsoft faces UK antitrust probe over OpenAI deal structure
The UK's antitrust watchdog is considering launching a merger investigation into Microsoft's multibillion-dollar collaboration with OpenAI.This announcement prompted a response...
Regulation
Kazakhstan It has banned 980 unlicensed crypto exchanges by 2023.
In the year In 2023, the Financial Supervision Agency of Kazakhstan (FMA) banned nearly a thousand crypto exchanges serving the...
UK regulator adds Justin Sun-linked Poloniex to watch list after $100m hack
The UK's Financial Conduct Authority (FCA) has added crypto exchange Poloniex to its warning list of unauthorized companies. The Seychelles-based...
AI regulations in global focus as EU approaches regulatory agreement
The rise of generative artificial intelligence (AI) has led governments to rush to regulate the emerging technology. The trend coincides...
Binance founder CZ must remain in the US until his February sentencing, according to a judge’s order
Binance founder Changpeng "CZ" Zhao, if allowed to travel to the United Arab Emirates, is unlikely to return home and...
SEC discusses ‘key technical details’ with spot crypto ETF applicants: Report
Officials with the United States Securities and Exchange Commission are reportedly discussing the issues of Bitcoin (BTC) exchange-traded funds, or...
Montenegrin authorities plan to extradite Do Kwon to the United States: Report
Terraform Labs founder Do Kwon will reportedly be extradited to the US instead of South Korea to face criminal charges.On...
Russia launches cross-border payments with Tether stablecoin
It has officially announced the launch of one of the first cross-border payment platforms in Russia and said it will...
The US GOP presidential candidate criticized Gensler and the ‘three letter agencies’
US presidential hopeful Vivek Ramaswamy came down hard on Securities and Exchange Commission (SEC) Chairman Gary Gensler and other "three-letter...
Hong Kong has banned two crypto sites for misleading investors.
The Hong Kong Securities and Futures Commission (SFC) has banned two crypto websites for defrauding users. HongKongDAO and BitCuped were...
IBM, Meta and others form ‘AI Alliance’ to advance AI development
In the race for market dominance among artificial intelligence (AI) companies, a consortium of technology leaders led by IBM and...
France’s 3rd largest bank, Societe Generale, has launched a stablecoin called the Euro-Peg.
Société Générale, France's third-largest bank, has unveiled its own Euro Page stotico, making it one of the first European banking...
Jury in Terraform Labs case should not decide whether crypto is a security – SEC
Attorneys representing the United States Securities and Exchange Commission have asked the judge to file a civil lawsuit against Terraform...
The New Jersey bill makes the sale of crypto securities to institutional investors
The New Jersey General Assembly may consider a bill that would limit the waiting period for digital assets or "virtual...
Elon Musk xAI files with SEC for private sale of $1B in unregistered securities
Elon Musk's X-linked artificial intelligence model xAI has agreed to a private sale of $865.3 million in unregistered equity securities,...
Crypto-friendly US lawmaker Patrick McHenry is not seeking re-election in 2024.
Patrick McHenry, chairman of the US House Financial Services Committee and a proponent of much crypto-focused legislation, is retiring from...
Kenya’s crypto tax bill will make it through a parliamentary committee
A bill that would define crypto-assets as securities and subject them to capital gains tax has made it through a...
Taiwan evaluates global trends before deciding on a crypto ETF
Taiwan's main financial regulator, the Financial Supervisory Commission (FSC), is considering allowing crypto exchange-traded funds (ETFs) in the country, but...
Coinbase announces crypto-themed US presidential platform
The "Stand With Crypto" campaign launched by cryptocurrency exchange Coinbase plans to bring together candidates for the 2024 United States...
Tax Services Push for Crypto Declaration: Law Decoded, November 27–December 4
Spain and Brazil are cracking down on cryptocurrency stashed abroad, while the UK wants to tax previously unrecognized crypto assets.
The IRS team has reported an increase in crypto tax investigations
The Internal Revenue Service's (IRS) Criminal Investigations Division (IRS) reports an increase in the number of investigations into digital asset...
South Korean financial authorities request reports on unlicensed crypto exchanges.
Financial regulators in South Korea issued an update on December 4 requiring users to report any unlicensed cryptocurrency exchanges that...
