The CBN, through the circular, also stated that regulated financial institutions dealing in crypto or facilitating payments for crypto exchanges are prohibited.
Category: Ethereum News
SEC targets Uniswap Labs, raising concerns over open-source code liability
SEC actions have made developers fearful that their code may end in prosecution. Are smart contracts with immutable code the way to protect themselves?
UK regulator scrutinizes Big Tech's role in AI industry
Regulatory scrutiny is intensifying in the U.K. as Big Tech’s deepening involvement in the AI sector raises concerns over competition and market dominance.
Crypto community sings unhappy tune on ‘stupid’ IRS reporting requirement
Community member Adriano Feria described the law as “stupid” and called the officials that created it “idiotic” on X.
California senator proposes ethical guidelines for AI contractors in the state
Senate Bill 892 would require the Department of Technology to establish safety, privacy and nondiscrimination standards for AI services.
Web3 Gamer: Pixels has 120K users & $6.51 volume, game picks for 2024, Titan Hunters
Pixels is popular but poor, Titan Hunters is play-to-earn not play-for-fun, and Avalanche’s Ed Chang’s top gaming picks for 2024 — Web3 Gamer.
Grayscale and VanEck latest to register with exchanges for spot Bitcoin ETF shares
Grayscale and VanEck filed registrations to list shares of spot Bitcoin exchange-traded funds on NYSE Arca and the Cboe BZX Exchange, respectively.
Taiwanese crypto exchange founder arrested for fraud: Report
The president of Ace Exchange said none of the firm’s employees had been arrested following Taiwanese police conducting raids as part of a fraud investigation.
SEC asks court to consider Terraform Labs ruling in Binance case
The commission argued a summary judgment in its favor against Terra provided “further grounds” on which a judge could consider denying a motion to dismiss […]
Only 39% of financial advisers believe a Bitcoin ETF will be approved in 2024: Bitwise
A survey of U.S. financial advisers concluded that most believe approval will not come until at least 2025.