FCA Lists Over 140 Non-authorized Crypto Exchanges
The Financial Conduct Authority (FCA), the United Kingdom’s financial markets regulator, has added several cryptocurrency exchanges to its list of non-authorized firms that customers “should avoid.” 143 new entities, including prominent exchanges such as Huobi-owned HTX and KuCoin, were added to the warning list. The warning list only states, “You should avoid doing business with […]
EU Reportedly Calls for Additional Restrictions for Large AI Models
According to a Bloomberg report, European Union (EU) representatives are negotiating a plan for additional restrictions on large artificial intelligence (AI) models – like OpenAI’s GPT-4. The European Commission, European Parliament, and various EU member states are reportedly in discussions regarding the potential effects of large language models (LLMs), such as Meta’s Llama 2 and […]
Ukraine Ministry Launches AI Regulation Roadmap
Ukraine’s Ministry of Digital Transformation presented its regulatory roadmap for artificial intelligence (AI) that seeks to assist local businesses in preparing to adopt a law similar to the AI Act of the European Union. According to the roadmap’s announcement, it is founded on a bottom-up approach that proposes moving from less to more, and it […]
Binance, OKX to Comply With UK’s New Financial Promotions Rules
Major global cryptocurrency exchanges such as Binance and OKX have announced that they are striving to comply with the United Kingdom’s new financial promotion regulations. On October 8, the Financial Conduct Authority (FCA) of the United Kingdom enacted the country’s new Financial Promotions (FinProm) Regime for cryptocurrency firms to ensure equitable, clean, and transparent cryptocurrency […]
OpenSea Unaware of Ex-Exec’s Involvement in $60M Rug Pull
An ex-employee of OpenSea has been accused of facilitating the AnubisDAO rug pull in 2021, but some commentators are doubting this claim. OpenSea, a platform for nonfungible tokens (NFTs), says it is ignorant of evidence implicating a former employee in the infamous AnubisDAO rug pull in 2021 in response to recent social media allegations. In […]