Utah DAO Act: How the law was made and what it means for decentralized business
How the Utah DAO Act went from an idea to a piece of legislation — and the challenges along the way. Go to Source Powered by WPeMatico
Government
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South Korea’s sweeping crypto bill passes first regulatory hurdles
Legislators in South Korea passed a first phase review of proposed cryptocurrency regulations that include relatively harsh sentencing recommendations. Go to Source Powered by WPeMatico
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
Draft bill suggests separating legislation on payment stablecoins and digital asset markets
The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study. Go to Source Powered by WPeMatico
OpenAI’s CTO says government regulators should be ‘very involved’ in regulating AI
The executive recently sounded off about government regulators, the “pause” letter, and how close the company is to reaching artificial general intelligence. Go to Source Powered by WPeMatico
Romania plugs into Web3 with national NFT marketplace
Romania’s Informatics Institute is set to launch an institutional NFT trading platform, using Web3 to create a link between the public and private sectors. Go to Source Powered by WPeMatico
Chinese city public servants to receive digital RMB salaries from May
Civil servants including public service personnel, public institution personnel and personnel of state-owned units at all levels in the city will be compensated in digital RMB payment. Go to Source Powered by WPeMatico
Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations
According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations in the United States. ‘Lack of Regulatory Clarity’ in the U.S. … Read more
Peer-to-peer crypto exchanges struggle to navigate shifting legal landscape
Two major P2P platforms announced their closure in the first quarter of 2023. Many blame it on growing regulatory scrutiny, but experts call for better alternatives. Go to Source Powered by WPeMatico
Fight between crypto and governments “just getting started”, says ShapeShift CEO
The crypto industry needs to prepare for increasing government pressure as it ramps up its challenge to the State monopoly over money, says ShapeShift CEO Erik Voorhees. Go to Source Powered by WPeMatico