CSA Proposes Amendments to Crypto Assets Investment Fund
The Canadian Securities Administrators (CSA) unveiled proposed amendments to regulations governing the treatment of crypto assets by public investment funds on January 18. In addition to establishing standards for custodianship, the proposed amendments currently under contemplation would restrict the crypto-related activities of public investment funds. The amendments would restrict crypto assets’ direct purchase, sale, and […]
The Legal and Regulatory Implications of Synthetic Assets in DeFi
This article will discuss The legal and regulatory issues surrounding synthetic assets in DeFi and possible solutions. Synthetic assets have emerged as a popular concept within decentralized finance (DeFi). These digital representations or derivatives of real-world assets allow users to gain exposure to various financial instruments in a decentralized manner. However, the rising popularity of synthetic […]
Anthropic Files Rebuttal Against UMG in AI Copyright Lawsuit
Anthropic, the developer of the artificial intelligence (AI) model Claude, has responded to a lawsuit filed in October from Universal Music Group (UMG) that alleges unauthorized use of a copyrighted work. On January 16, the AI developer lodged an opposition, arguing that the plaintiff’s claims were without merit and filed in the incorrect court. “Plaintiffs’ […]
Reddit to Reportedly Launch IPO in March
According to Reuters, social media platform Reddit reportedly plans to initiate its initial public offering (IPO) in March, nearly three years after hiring IPO advisers. As of the time of listing, the valuation of the IPO shares purportedly sold by the San Francisco-based company amounts to approximately 10%. The valuation of the social media giant […]
Thailand Welcomes Retail Investors in Infrastructure-backed Digital Tokens
Thailand’s Securities and Exchange Commission (TSEC) has lifted its previous restrictions on Retail investors from acquiring digital tokens backed by real estate or infrastructure initiatives. Published in the Royal Gazette on January 16, 2024, the revised regulations eliminate this restriction, thereby granting greater autonomy to retail investors in their investments within the market for infrastructure-backed […]