SingularityNET (SNET), a decentralized artificial intelligence (AI) marketplace powered by the Cardano (ADA) network, has recently established its foundation in Switzerland, specifically in Geneva, within the renowned “Crypto Valley” in Zug. SingularityNET Joins Switzerland’s Crypto Valley According to the company’s announcement, this move aims to catalyze the development of new use cases within the ecosystem, […]
The European Council issued a press release on January 18 declaring that the European Council and Parliament have reached a provisional agreement on certain aspects of a new anti-money laundering package to protect EU citizens and the EU’s financial system. Stricter Rules Will Affect The Crypto Sector The provisional agreement is set to improve the […]
A sanctioned “Russian oligarch”, Mikhail Klyukin, has come under scrutiny for allegedly evading sanctions by selling over £15 million worth of shares in a crypto firm chaired by former UK Chancellor Philip Hammond. The transaction, which involved transferring the funds into cryptocurrency, is believed to have been an attempt to circumvent US sanctions. Crypto Company […]
To bolster investor protection and promote transparency, South Korea’s Financial Services Commission (FSC) has issued a notice requiring crypto investors to receive interest on their deposits when utilizing exchanges. The FSC plans to release the legislative guidance for the “Enforcement Decree and Supervision Regulations of the Virtual Asset User Protection Act” containing these provisions. The […]
Crypto Regulatory Failures: FCA’s Slow Enforcement And Staffing Woes Draw Criticism | Bitcoinist.com
The UK’s Financial Conduct Authority (FCA) is facing criticism from the country’s National Audit Office (NAO) for its sluggish approach to enforcing crypto laws and a shortage of staff with expertise in cryptocurrencies. In a recent report published by the NAO, an independent entity responsible for scrutinizing public spending, it highlighted the potential impact of […]
According to a Reuters report, European Central Bank (ECB) President Christine Lagarde revealed that her son experienced substantial losses in his crypto investments, disregarding numerous warnings. Lagarde, a vocal critic of cryptocurrencies, has expressed concerns about their speculative nature, lack of intrinsic value, and potential misuse by criminals for illicit activities. ECB Chief Urges Need […]