CaaStle’s Christine Hunsicker to Face US Fraud Charges The world of fashion and technology collided in a shocking turn of events as Christine Hunsicker, the founder of the renowned fashion rental platform CaaStle, found herself in hot water. Federal prosecutors dropped a bombshell on Friday by charging Hunsicker with fraud, sending ripples across the industry. […]
EU confirms AI Act rollout and releases GPAI Code of Practice
EU Confirms AI Act Rollout and Releases GPAI Code of Practice Europe is making significant strides in regulating Artificial Intelligence (AI) with the recent confirmation of the AI Act rollout and the release of the final Global Partnership on Artificial Intelligence (GPAI) Code of Practice. This move underscores the region’s commitment to ensuring ethical AI […]
GPAI Code of Practice creates legal uncertainty for non-signatories
GPAI Code of Practice Creates Legal Uncertainty for Non-Signatories The advent of artificial intelligence (AI) has brought about a myriad of advancements and challenges in various sectors. To address the ethical and legal implications of AI technology, the Global Partnership on Artificial Intelligence (GPAI) recently introduced a Code of Practice. While the initiative aims to […]
Malaysia enforces trade controls on AI chips with US origin
Malaysia Strengthens Trade Controls on US AI Chips: What This Means for Global Trade Malaysia has recently implemented a new regulation that mandates permits for the export of high-performance AI chips originating from the United States. The move comes as Malaysia aims to tighten its trade controls, close existing loopholes, and enhance compliance with international […]
EU finalises AI code as 2025 compliance deadline approaches
EU Finalizes AI Code as 2025 Compliance Deadline Approaches The European Union has recently taken a significant step towards regulating the rapidly expanding field of artificial intelligence (AI). With the deadline for compliance set for 2025, developers of general-purpose AI are now required to adhere to a new set of obligations outlined by the EU. […]
Turkey sets sights on DeFi platforms after PancakeSwap ban
Turkey Sets Sights on DeFi Platforms After PancakeSwap Ban The cryptocurrency landscape is constantly evolving, with new regulations and bans being implemented by governments worldwide. Recently, Turkey made headlines by banning the popular decentralized exchange PancakeSwap. This move has sparked concerns among DeFi platforms operating in the country, as non-custodial wallets and DEXs could also […]
Pakistan launches AI customs system to tackle tax evasion
Pakistan Launches AI Customs System to Tackle Tax Evasion In a bold move towards modernization and efficiency, Pakistan has recently introduced an AI-powered customs system aimed at combating tax evasion and streamlining trade processes. This groundbreaking initiative is set to revolutionize the country’s customs operations by leveraging the power of artificial intelligence to enhance risk […]
Tether and Binance left out of EU crypto approval list
Tether and Binance left out of EU crypto approval list The recent exclusion of Tether and Binance from the list of approved cryptocurrencies in the European Union has sent shockwaves through the digital asset community. The European Union’s Markets in Crypto-Assets (MiCA) framework aims to regulate the cryptocurrency market and provide a clear set of […]
Major DeFi sites lose access in Turkey’s new crypto rules
Major DeFi Sites Lose Access in Turkey’s New Crypto Rules Turkey has recently introduced new regulations on cryptocurrency trading, leading to several major decentralized finance (DeFi) platforms losing access to the market. The enforcement of these rules has put DeFi sites in a challenging position, where they must decide between complying with the regulations or […]
Kurant pauses Bitcoin ATM operations in Germany
Kurant Pauses Bitcoin ATM Operations in Germany: Adapting to Legal Changes Kurant, a prominent player in the cryptocurrency industry, has recently announced a temporary halt in its Bitcoin ATM operations across Germany. This decision comes as the company aims to proactively address the evolving legal landscape surrounding digital assets in the country. As a result, […]