Cryptocurrency news - Politics
Indonesia launches its crypto exchange and clearing house
The platform, monitored by local regulators, will be the only space in the country where the legal exchange of digital assets is allowed. The national cryptocurrency exchange announced by the Indonesian government a week ago has begun to function, according to a statement from t...
European regulator releases consultative paper on MiCA standards for crypto asset service providers
The European Securities and Markets Authority will release three consultations as it fulfills its mandate under MiCA regulations. The European Securities and Markets Authority (ESMA), the European Union’s markets regulator, released a consultative paper on Markets in Crypto-Asse...
Bill to exempt foreigners from crypto taxes passes preliminary reading in Israel
The bill would also level up crypto bonuses with employee stock options by reducing the current 50% tax to 25%. Foreign residents of Israel could get an exemption from capital gains taxes on the sale of digital currencies. A bill granting the exemption and other tax benefits for...
Binance Netherlands exit - Dutch Central Bank says registration failings are confidential
De Nedelandsche Bank is unable to share details of Binance’s registration failings in the country due to confidentiality requirements of its supervisory laws. The details behind Binance’s failed efforts to register for a virtual asset service provider (VASP) license in the Nethe...
AI should be regulated like medicine and nuclear power: UK minister
A minister from the United Kingdom’s opposition party says artificial intelligence should be licensed and regulated in a similar way to the pharmaceutical and nuclear industries. Developers working on artificial intelligence should be licensed and regulated similarly to the phar...
Ripple case: SEC Hinman docs could become public by June 6, lawyer suggests
The infamous Hinman Speech docs are required to be unsealed by June 6 according to a previous court order, suggests defense attorney James K. Filan. Defense lawyer and former federal prosecutor, James K. Filan, expects the infamous Hinman Speech documents to be released to the p...
Hollywood studios reject banning AI from writer’s rooms
The Writers Guild of America sent out a list of demands to Hollywood studios, including regulating AI usage in guild-affiliated projects. Artificial intelligence (AI) brings yet another industry into a hot debate over its usage as Hollywood and the greater media industry faces p...
Hong Kong security regulator to issue crypto license guidelines in May
The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung. The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The...
Crypto firms alleged to have faked execs using AI and actors: Cali regulator
The regulator is cracking down on high-yield investment products saying the programs raise hype with the promise of high returns before going dark. A number of firms claiming to offer artificial intelligence-assisted crypto trading services have been hit with allegations of bein...
Fair crypto laws ‘possible’ in the US but needs ‘a lot of work’ — Crypto Council adviser
Crypto Council for Innovation adviser Sean Lee said more education is needed for policymakers and financial regulators. There are still industry executives that remain hopeful the United States will develop laws to treat crypto fairly; however, an adviser to the Crypto Council f...