2 UK, Colombia Exchanges Linked to TD Bank Case
Two unidentified cryptocurrency exchanges in the United Kingdom and Colombia may have been involved in TD Bank’s recent debacle. On October 10, TD Bank’s US subsidiary consented to pay over $3 billion in penalties and accept restrictions on its growth trajectory in the United States to resolve allegations of inadequate money laundering supervision by criminal […]
Indian Central Bank Governor Warns of AI Risks to Financial Stability
The Reserve Bank of India (RBI) has revealed concerns regarding the potential impact of artificial intelligence on financial stability, joining other significant monetary authorities in raising red flags. According to a report by Reuters, RBI Governor Shaktikanta Das emphasized the potential hazards associated with the increased utilization of AI and machine learning in financial services […]
UAE Central Bank Grants Approval to AED Stablecoin
The Central Bank of the United Arab Emirates (CBUAE) has granted in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework. AED Stablecoin is now a leading contender in the competition to become the first issuer of a regulated dirham-pegged stablecoin in the UAE, following the preliminary license approval. The recent release of […]
Court Denies bail for Binance exec despite health concerns
A Nigerian court has denied the parole application of Binance executive Tigran Gambaryan, who relied on health concerns. The court directed the prison to refer him to a hospital for treatment. Bloomberg reports that on October 11, Judge Emeka Nwite of Nigeria’s Federal High Court in Abuja denied Gambaryan’s parole application. According to reports, Nwite […]
FBI Faces Claims of Violating MIT License in its Smart Contract
There has been criticism of the United States Federal Bureau of Investigation (FBI) for purportedly violating the terms of the MIT License in its smart contracts. X user 0xCygaar, a putative AbstractChain contributor, publicly accused the agency of utilizing OpenZeppelin’s libraries, an open-source code resource, without properly including the required license attribution on Oct. 10. […]