Regulation

The blockchain analytics firm Elliptic recently uncovered that the North Korea-backed hacker group Lazarus has once again turned to the sanctioned crypto mixer Tornado Cash to disguise its transactions. This comes after a period of dormancy following US government sanctions in response to allegations of assisting criminals in laundering illegally obtained digital assets. Despite the
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Recently, Hong Kong’s Securities and Futures Commission (SFC) announced that it had added Bybit to its list of suspicious virtual asset trading platforms. The commission raised concerns about Bybit operating without the necessary license and offering its products to investors in Hong Kong. This warning comes as a response to the platform’s unlicensed operations. The
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The Biden administration recently unveiled its proposed budget for 2025, which includes a series of regulatory measures targeting digital assets. These provisions aim to close existing loopholes that have allowed wealthy crypto investors to benefit disproportionately. By implementing these rules, the administration hopes to create a more level playing field for all investors and increase
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Recently, the Indian government made headlines by announcing a new requirement for technology companies developing artificial intelligence (AI) tools. According to Reuters, companies are now obligated to secure government approval before publicly releasing AI tools that are still in development or deemed “unreliable.” This move is part of India’s strategy to manage the deployment of
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Hungary has taken a notable step forward in the financial sector with a legislative proposal that would allow banks, investment funds, and asset managers to offer services in cryptocurrencies. This initiative is part of a broader movement within Europe towards the adoption of digital assets. If approved, the laws are set to take effect on
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