Regulation
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India mandates tech firms to seek regulatory approval before launching AI tools
The Indian government has announced a new requirement for technology companies to secure government approval before publicly releasing artificial intelligence…
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Hong Kong regulators warn of increasing crypto exchange impersonation scams
Hong Kong’s Securities and Futures Commission (SFC) has warned the public against suspicious websites impersonating the two licensed crypto exchanges…
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U.S. Department of Energy Agrees To Stop Gathering Information on Crypto Mining Following Lawsuit
The U.S. Department of Energy (DOE) is agreeing to stop gathering data about the energy usage rates of crypto mining…
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Binance CEO Richard Teng asked to appear before Nigerian committee
Binance is in hot water in Nigeria in the aftermath of its settlement with the U.S. Department of Justice (DOJ).…
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Nigerian Government Demands Nearly $10,000,000,000 From Binance for Alleged Foreign Exchange Rate Manipulation: Report
The government of Nigeria is demanding billions of dollars from Binance, alleging that the crypto exchange manipulated the exchange rate…
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Hungary issues draft law allowing banks to offer crypto services
Hungary is advancing a legislative proposal that would enable banks, investment funds, and asset managers to offer services in Bitcoin…
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IRS Recruits Former Binance.US and Consensys Executives To Investigate Crypto Tax Evasion
The Internal Revenue Service (IRS) is onboarding two former crypto executives to bolster the tax agency’s enforcement efforts in the…
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Sam Bankman-Fried’s Lawyers Push for Maximum 78-Month Sentence, Say Recommended 100 Years Is ‘Grotesque’
Sam Bankman-Fried’s legal team is seeking a lighter-than-recommended sentence for the convicted founder of the bankrupt crypto exchange platform FTX.…
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Binance drops Nigerian naira from P2P platform amid forex manipulation concerns
Crypto exchange Binance has removed Nigeria’s fiat currency, Naira, from the national currencies it supports on its peer-to-peer platform, according…
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Webull ended crypto offerings due to SEC opposition during past IPO attempts
Online brokerage Webull decided to cut its crypto offerings because of the unfavorable regulatory landscape in the US as it…
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