South Korea’s AI Basic Act: Industry Pushback Over Regulatory Concerns South Korea’s AI Basic Act is meant to pave the way for the country to become a global leader in artificial intelligence (AI) technology. However, the ambitious legislation is facing pushback from industry players who are concerned about the potential regulatory burdens it may bring […]
UK trade bodies urge government action on crypto and blockchain policies
UK Trade Bodies Push for Blockchain Envoy to Drive Crypto Innovation and Compete Globally As the world of cryptocurrency and blockchain technology continues to expand, industry leaders in the United Kingdom are advocating for decisive government action to ensure the country remains at the forefront of digital asset innovation. One of the key proposals put […]
CFTC removes crypto derivatives advisories to align with traditional finance
CFTC Removes Crypto Derivatives Advisories to Align with Traditional Finance In a significant move that signals a shift towards mainstream acceptance of cryptocurrencies, the Commodity Futures Trading Commission (CFTC) has decided to remove crypto derivatives advisories. This decision is aimed at aligning the regulatory framework for digital assets more closely with traditional financial markets, thereby […]
EU regulators seek common approach on DSA
EU Regulators Strive for Consistency in Regulating Digital Services Act Coimisiún na Meán, the leading enforcer of the Digital Services Act (DSA) in Ireland, is facing a significant challenge. The varying interpretations of the law among different EU member states have made it clear that a unified approach to regulation is crucial. As the digital […]
Wyoming stablecoin WYST set for launch by July 2025
Wyoming’s Blockchain Leadership Paves the Way for WYST Stablecoin Launch by July 2025 Wyoming, known for its progressive stance on blockchain technology and cryptocurrency, is once again making headlines in the digital currency space. Governor Mark Gordon recently announced that the state is gearing up to launch its own stablecoin, WYST, by July 2025. This […]
Singapore and Vietnam strengthen ties with digital asset agreement
Singapore and Vietnam Strengthen Ties with Digital Asset Agreement In a move that underscores the ever-increasing economic cooperation between Singapore and Vietnam, the two nations have solidified their partnership with a groundbreaking agreement focusing on digital assets. This agreement not only reflects the deepening relationship between the countries but also signifies a significant step towards […]
FERC calls for clearer rules on co-located data centres
FERC Calls for Clearer Rules on Co-Located Data Centres The Federal Energy Regulatory Commission (FERC) has recently issued a directive to PJM Interconnection, a regional transmission organization, to either update its policies or provide justification for the existing rules concerning co-located data centers. This move by FERC underscores the increasing importance of regulatory clarity in […]
Hong Kong explores new virtual asset regulations
Hong Kong’s Strategic Push to Become a Leading Digital Finance Hub Hong Kong is making significant strides in solidifying its position as a premier digital finance hub by exploring new regulations for virtual assets. As the global financial landscape continues to evolve rapidly, the region recognizes the importance of adapting to emerging trends and technologies […]
Trump administration unveils crypto regulation plans
Trump Administration Reveals Crypto Regulation Plans The Trump administration is taking a significant step towards regulating the cryptocurrency industry. White House ‘crypto czar’ David Sacks, in collaboration with key Conservative lawmakers, is set to lead a press conference to unveil the administration’s plans in this regard. The announcement comes at a crucial time when the […]
Vietnam plans legal framework for digital assets
Vietnam Takes Steps to Regulate Digital Assets Amid Rising Investor Concerns Vietnam is gearing up to establish a comprehensive legal framework for digital assets, a move prompted by escalating worries regarding investor security in the wake of a staggering $100 million cryptocurrency fraud incident. As the global financial landscape continues to witness a significant shift […]