The European Union’s anti-money laundering laws infringe upon personal privacy, and they come with costs that are simply too high.
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Month: October 2023
US expands export controls for AI semiconductor chips to China
The expanded export controls of AI semiconductor chips include a new performance threshold, licensing requirements expansions and a notification requirement, among others.
South Korean regulator outlines steps to enhance digital asset legislation
The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said.
Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better
Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated.
Nishad Singh says there is ’a lot’ he doesn’t remember about FTX in 2022 — SBF trial
Sam Bankman-Fried’s defense team cross-examined former FTX engineering director Nishad Singh following questions from the prosecution on Oct. 16.
Fantom Foundation hacked for an estimated $6.7M: Report
Fantom Foundation’s wallet was reportedly drained of funds by a “Fake_Phishing” account.
Immutable delays $67M token vesting by another year
125 million IMX tokens allocated for developer rewards will be vested monthly starting July 2024.
Platypus Finance recovers 90% of assets lost in exploit
As per its agreement, project developers will not pursue legal action against the hacker.
Russian telecoms giant MTS announces ads service targeting Telegram users
Telegram denies that it has entered any advertising-related agreements with Russian companies.
Binance US asks users to convert USD into stablecoins for withdrawals
Binance.US users “may convert” their USD funds to stablecoins or other digital assets in order to withdraw USD funds from their accounts, the firm said.