EU data watchdog warns of ‘hell on Earth’ scenario for US AI companies
Europe’s Data Protection Supervisor predicts trouble abroad and at home for U.S. AI companies that run afoul of GDPR. Go to Source Powered by WPeMatico
Cryptocurrencies
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Do Kwon seeks SEC charges dismissal as S.Korea rules LUNA as non-security
The South Korean district court recently dismissed security violation charges against Terra co-founder Hyun-seong Shin, deeming LUNA as non-security under Korea’s Capital Markets Act. Go to Source Powered by WPeMatico
CFTC proposes reducing anonymity to manage risks
CFTC Commissioner urges crypto companies to verify the digital identity of users and says that congress is considering new laws addressing anonymity and digital identity. Go to Source Powered by WPeMatico
Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product
Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments. Go to Source Powered by WPeMatico
German regulators launch inquiry into ChatGPT GDPR compliance
Germany becomes the latest European nation to officially question OpenAI’s compliance with GDPR. Go to Source Powered by WPeMatico
Bybit to introduce mandatory KYC requirements starting May 8
Users without Know Your Customer verification had a daily withdrawal limit of 20,000 USDT on Bybit prior to the announcement. Go to Source Powered by WPeMatico
OKX staff issues clarification amid ‘shell token’ purchase inquiries
It appears certain individuals have developed an interest in purchasing listed tokens that no longer have market value or development activity. Go to Source Powered by WPeMatico
Russia becomes second-largest Bitcoin mining hub after US, claims local miner
Russia becomes the second-largest country in cryptocurrency mining, while the United States retains the top spot; however, unclear regulations in the US could shift the market. Go to Source Powered by WPeMatico
US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine
A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year. Oregon Court Sentences Russian for Processing Ryuk Payments A Russian national … Read more
Ukraine to Adopt Europe’s Crypto Rules, Clarifies Taxation
Officials have revealed that Ukraine intends to implement the crypto market rules approved by the European Parliament. While the government is already moving in that direction, the tax service has issued a clarification regarding the taxation of income resulting from cryptocurrency transactions. Ukraine Set to Incorporate EU Crypto Regulations Into National Law A regional leader … Read more