The euro-pegged stablecoin will be the first of its kind in the region and will be available to the bank’s customer base for trading use.
Category: Regulation News
Global policymakers are still pushing CBDCs despite their failures
From Thailand to the Eastern Caribbean, the CBDC experience has been one of government waste. So why do financial authorities keep pushing them?
Terraform’s Do Kwon mounts last ditch effort to avoid extradition: Report
Lawyers for Terraform Labs co-founder Do Kwon have mounted a final attempt to appeal his extradition from Montenegro.
Debt Box urges judge to toss suit, says SEC got case ‘badly wrong’
The SEC initially misled a court to freeze Debt Box’s assets, which has since been reversed, with the firm citing the incident as grounds to […]
Judge accepts Binance CEO CZ’s guilty plea, with sentencing in Feb
This court “hereby accepts the guilty plea of the defendant to the charge […] and the defendant is adjudged guilty of such offense,” wrote Judge […]
Bitzlato ex-CEO Legkodymov pleads guilty to one count in Brooklyn court
The Hong Kong-based crypto exchange had no KYC and was a major support for the darknet marketplace Hydra.
‘If I was the government, I’d close it down’ — Chase CEO on crypto
Jamie Dimon has previously referred to cryptocurrencies as “decentralized Ponzi schemes” and Bitcoin as a “fraud.”
Hong Kong regulator blocks access to two crypto entities, warning of fraud
According to the securities regulator, misleading information online could encourage individuals to invest in the HKD token issued by HongKongDAO.
IBM, Meta and others form ‘AI Alliance’ to advance AI development
In a joint statement, IBM and Meta outlined the AI Alliance’s objectives, emphasizing a commitment to safety, collaboration, diversity, economic opportunity, and universal benefits.
US senators drill into FTC’s work to track AI attacks on older citizens
The senators asked the FTC chair four questions about AI scam data collection practices to find out if the commission can identify AI-powered scams and […]