Hayden Adams, the founder of Uniswap, recently took to social media to express his reaction to the Securities and Exchange Commission’s (SEC) issuance of a Wells notice to Uniswap Labs. In his response, Adams stated that he was not surprised by the SEC’s warning but rather annoyed, disappointed, and ready to fight. He also defended
Regulation
In a recent Senate hearing, Senator Tim Scott criticized the current US administration for placing undue focus on digital assets as a means to combat terrorism financing. Scott argued that the administration is making digital assets the “scapegoat” while ignoring more significant sources of funding for terrorism, particularly those benefiting Iran. He pointed out that
The disconnect between policymakers and technology has led to a situation where regulations often overlook crucial aspects of emerging technologies such as blockchain and AI. Senator Cynthia Lummis has recognized the importance of innovation in the financial sector and introduced the Digital Asset Innovation Act to address these concerns. However, the approach taken by the
Lithuania is planning to implement strict licensing requirements on cryptocurrency firms by the year 2025. This new regulation is expected to have a significant impact on the number of companies that can operate in the country. According to Central bank board member Simonas Krepsta, the goal of these measures is to establish a strong oversight
Singapore has been making significant changes to its Payments Service Act (PSA) to enhance its oversight of the crypto industry and provide better protection for users. These amendments are part of Singapore’s ongoing efforts to establish itself as a cryptocurrency-friendly hub while ensuring that investor protection remains a top priority. The MAS recently introduced three
Artificial Intelligence (AI) is not only revolutionizing various industries but also posing new challenges in terms of security, privacy, and confidentiality. The unchecked growth of generative AI models has raised concerns about the integrity of data, potential vulnerabilities, and the misuse of AI technologies. In this article, we will critically analyze the implications of AI
Recently, the Securities and Futures Commission (SFC) website announced the closure of the Binance-linked HKVAEX exchange. Despite its initial application for an operational license in Hong Kong, the exchange chose to withdraw its application on March 28. This decision came just three months after submitting the application, raising questions about the future of the platform.
The US Department of the Treasury, along with its Office of Foreign Assets Control (OFAC), announced sanctions against the Palestinian news network Gaza Now on March 27. The sanctions were imposed based on allegations of the network’s support for Hamas. In addition to Gaza Now, the Treasury also designated several crypto addresses associated with the
Portugal’s National Data Protection Commission (CNPD) recently made a decision to ban Worldcoin from collecting biometric data for a period of three months. This ban was imposed due to various reasons, including concerns about the lack of mechanisms for verifying the age of members and the collection of data from minors without parental consent. Additionally,
The recent sanctions imposed by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 13 entities and two individuals in the Russian financial services and technology sectors have sent shockwaves through the international community. These sanctions target entities involved in the development and provision of services related to virtual assets that