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UK financial watchdog could give crypto firms until January 2024 for marketing compliance

7.9.2023
Companies offering crypto services to U.K. residents have an Oct. 8 deadline to run “clear, fair and not misleading” marketing campaigns, but some could have until Jan. 8

UK’s FCA to Extend Deadline for Crypto Firms to Implement Changes to Marketing Processes

7.9.2023
The UK’s Financial Conduct Authority (FCA) has pushed back the deadline for cryptoasset firms to implement certain rule changes to their crypto marketing processes. In a new update announced Thursday, the watchdog clarified that the core crypto marketing rules including the ban on incentives like...

UK Crypto Firms Can Apply for 3-Month Reprieve to Comply With Tough New Ad Rules

7.9.2023
Bans on aggressive marketing were set to take effect in October, but companies can apply to delay some aspects until January

FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst

7.9.2023
“The change should help MicroStrategy and other companies that hold digital assets to eliminate the poor optics that have been created by impairment losses,” said analysts from Berenberg Capital

Travel Rule Enforcement Begins for Crypto Firms in the UK – Here's What You Need to Know

4.9.2023
Virtual Asset Service Providers (VASPs) in the UK are from September 1 required to collect, verify and share information on crypto transactions to firms “in the UK, or any jurisdiction that has implemented the Travel Rule.”... Read More: Travel Rule Enforcement Begins for Crypto Firms in the UK...

US Lawmaker Contradicts SEC Chair — Says Crypto Industry Not ‘Rife With Noncompliance’

4.9.2023
A U.S. congressman has defended the crypto industry against Securities and Exchange Commission (SEC) Chairman Gary Gensler, who stated that it is rife with noncompliance. The lawmaker’s statement followed a pair of legal cases in which the judges sided with cryptocurrency firms over...

Consumer surveys show a growing distrust of AI and firms that use it

29.8.2023
A global consumer survey from Salesforce shows a growing distrust toward firms that use AI, while an Australian survey found most believe it creates more problems than it solves

Laos Cuts Power Supply To Crypto Mining Firms, Cites Production Concerns

28.8.2023
Electricite du Laos (EDL), the state-run power distribution company, has announced a major cut to crypto mining firms in the country, swerving from its pro-crypto stance since 2021. According to local news reports, the country cites several reasons for the sudden decision ranging from electricity...

Bitcoin miner gets life in prison, China offers bounties for crypto firms: Asia Express

25.8.2023
Retail crypto trading is only days away in Hong Kong, but a mainland crackdown sees bounties offered for crypto firms and miners imprisoned

Citi Bank Report: Most Global Security Firms Back CBDCs For Faster Payments

23.8.2023
A new research conducted by banking giant, Citi, shows that most financial institutions are leaning toward adopting Central Bank Digital Currencies (CBDCs) for faster global payments. In its latest edition of the Securities Services Evolution, the bank surveyed 12 financial market infrastructures...

FBI flags 6 Bitcoin wallets linked to North Korea, urges vigilance in crypto firms

23.8.2023
Although the likes of Lazarus group have stolen billions of dollars worth of crypto funds, the public ledger technology makes it difficult for them to launder funds as they can be tracked and frozen

CBDCs seen offering faster settlements by 87% global securities firms: Citi survey

23.8.2023
The year-on-year growing support for digital cash is supported by ongoing domestic pilots and cross-border initiatives taken up by various jurisdictions, CitiBank's survery found

Firms have mere hours to deflect cyber attacks, warns cybersecurity CEO

22.8.2023
Palo Alto Networks CEO Nikesh Arora warned that "bad actors are getting faster" and stressed that companies need to beef up cybersecurity defenses

UK Regulator: Crypto Asset Businesses Expected to Comply with the Travel Rule Starting in September

19.8.2023
According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all reasonable...

Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable its Operator Filter, Taiwan Proposes Business Category for Crypto Firms to Self-regulate & Form Industry Associations

18.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable...

Bitgo Secures $100 Million in Series C, Firm’s Valuation Climbs to $1.75 Billion

16.8.2023
The digital asset trust firm Bitgo, headquartered in Palo Alto, California, has secured $100 million in a Series C funding round. While the company remains tight-lipped about the participants in this financial endeavor, this fresh infusion of capital catapults the firm’s post-valuation...

Dubai Offers Web3 and AI Firms A 90% License Fee Cut, Seeks To Host Largest Tech Firms In MENA

15.8.2023
Dubai has announced a 90% registration subsidy for web3 and Artificial Intelligence (AI) companies seeking operational licenses in the city as it seeks to create the largest pro-tech hub in the Middle East and North African Region (MENA). Dubbed the Dubai AI and Web3 Campus, the city rolled out...