Namibia Passes Bill to Regulate Crypto, Digital Assets
By passing a bill in the National Assembly, Namibia joined other African countries in adopting cryptocurrencies and digital assets. The measure, which was approved by Namibia’s lower house of parliament on June 22, proposes to control virtual asset service providers (VASPs), digital assets, and cryptocurrencies in the nation. The law intends to create a framework […]
Bittrex May Still be Subject to Enforcement Action in Florida
The United States-based cryptocurrency exchange Bittrex, which filed for Chapter 11 bankruptcy protection in May, is being investigated by the Florida Office of Financial Regulation. Brandon Greenberg, assistant general counsel for the Florida Office of Financial Regulation (OFR), stated in a document filed on July 5 with the U.S. Bankruptcy Court for the District of […]
Twitter Awarded 3 State Money Transmitter Licenses
Twitter recently secured money transmitter licenses in Michigan, Missouri, and New Hampshire. The authorized licenses, which were issued between June 29 and July 3, 2023, show how committed Twitter is to adhering to these jurisdictions’ legal standards. The social media site wants to grow its offering of payment services. While the licenses in New Hampshire […]
Lightning Network Launches Tools for AI to Trade and Hold Bitcoin
Bitcoin’s layer-2 solution network development company Lightning Labs unveiled a new set of tools for artificial intelligence (AI) to transact and hold Bitcoin. On July 6, Lightning Labs announced the toolkit that enables artificial intelligence applications, such as OpenAI’s ChatGPT, to interact with the Bitcoin network to transmit, receive, and store cryptocurrency. AI developers can […]