Regulation

In a recent collaboration with the US Department of Justice and the FBI, stablecoin issuer Tether took action against a tech support scam network, seizing $1.4 million USDT linked to the fraudulent scheme. The scam targeted vulnerable elderly individuals through deceptive pop-up advertisements, falsely claiming compromised devices and luring victims into seeking assistance from fake
The Biden administration recently unveiled its proposed budget for the year 2025, which includes several regulatory measures aimed at digital assets. These measures are expected to generate around $10 billion in additional tax revenue by 2025. One of the key focuses of the budget is closing a loophole that has allowed wealthy crypto investors to
The Indian government recently made headlines with the announcement of a new regulation concerning the development and release of artificial intelligence (AI) tools. This regulation requires technology companies to obtain government approval before publicly releasing AI tools that are still in the development stage or are deemed “unreliable.” The move is part of India’s larger
Recently, Hong Kong’s Securities and Futures Commission (SFC) raised an alarm against suspicious websites that are posing as licensed crypto exchanges within the city-state. The warning highlighted the deceptive tactics employed by these websites, which impersonate legitimate entities like Hash Blockchain Limited and OSL Digital Securities Limited. These fraudulent websites have managed to mislead unsuspecting
Hungary is making waves in the financial sector with a proposed legislative initiative that would allow banks, investment funds, and asset managers to offer services in Bitcoin and other cryptocurrencies. This move aligns with the broader European trend towards embracing digital assets and could have significant implications for the country’s economy. The draft legislation, put
The warning issued by House Majority Whip Tom Emmer on Feb. 22 highlighted a concerning development for Bitcoin mining firms under the Biden administration. Emmer’s letter to the Office of Management and Budget (OMB) raised alarm about the approval and expedited implementation of a new information collection regime by the Energy Information Administration (EIA) targeted
South Africa has recently unveiled plans to integrate digital payments and cryptocurrencies into its financial system with the aim of boosting the economy, particularly for marginalized groups. This announcement, which was made as part of the country’s 2024 budget, underscores the government’s commitment to building a digital economy through collaborative efforts between the public and