Weak competition in AI race could hurt consumers: UK watchdog
There is a “real risk” that the artificial intelligence industry could develop in a way that could end up with only a few firms dominating...
SEC embroiled in court cases; Hester Peirce says crypto firms shouldn’t give up on US
Hester Peirce, one of five commissioners with the United States Securities and Exchange Commission (SEC) and an outspoken proponent of crypto, has urged lawmakers and...
SEC accuses Binance of noncooperation, court unseals case documents: Law Decoded
The legal struggle between crypto exchange Binance and the United States Securities Exchange Commission (SEC) continues. The SEC has accused Binance.US of noncooperation in the...
Malta begins public consultation on revised crypto rules to align with MiCA
Malta’s Financial Services Authority (MFSA) has begun public consultation over changes in its crypto regulations in order to align with Europe’s Markets in Crypto-Assets (MICA)...
9 US Senators publicly back Elizabeth Warren’s crypto bill
Nine United States Senators have added their support to Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act, according to a statement from Warren’s office. The press...
JPEX blames partners for ‘maliciously’ freezing funds, causing liquidity crisis
Dubai-based cryptocurrency exchange JPEX has slammed regulators and “third-party market makers” for a liquidity crisis that has seen the platform hike withdrawal fees and suspend...
US lawmakers advance legislation blocking the digital dollar
The United States House Financial Services Committee is moving forward with legislation aimed at preventing the issuance of a central bank digital currency. According to an...
Hong Kong warns that crypto firms are not “banks”
Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks can take “deposits.” Using terms...
Japan’s to allow startups raise funds using crypto
Japan eyes support for crypto startups in new regulation on startup financing. According to reports, the new rules means startups can raise funds from investors...
JPEX hikes withdrawal fee to almost $1K after Hong Kong watchdog warning
Crypto exchange JPEX has reportedly increased its withdrawal fee to up to 999 USDT (USDT) after receiving a warning from Hong Kong’s Securities and Futures...