Thailand Launches Crypto Regulatory Sandbox
Thailand’s SEC has launched a regulatory sandbox to develop and test crypto-related services and innovations. In a post on its website, the Securities and Exchange Commission (SEC) of Thailand announced the establishment of a regulatory laboratory for the purpose of testing and developing innovations that are intended to establish efficient crypto-related services. The Securities and […]
SEC Targets Ideanomics for Fraud Over Misleading Crypto Disclosures
SEC charges Ideanomics and executives with fraud for misleading financial disclosures from 2017 to 2019. Ideanomics Inc. and three of its senior executives have been accused with fraud by the U.S. Securities and Exchange Commission (SEC) for misleading financial disclosures from 2017 to 2019. Former Chairman and CEO Zheng (Bruno) Wu , current CEO Alfred […]
BitGo to Shift Wrapped Bitcoin to Multi-Jurisdictional Custody
BitGo is transitioning its Wrapped Bitcoin business to a multi-jurisdictional custody structure, expanding operations beyond the U.S. to Hong Kong and Singapore. BitGo, a cryptocurrency custody platform, intends to enhance its security measures by transitioning its Wrapped Bitcoin business to a multi-institutional and multi-jurisdictional custody structure. At present, BitGo’s Wrapped Bitcoin (WBTC) custody operations and […]
AU Approves AI Adoption Across Member States
The AU Executive Council approved a strategy to promote AI adoption across public and private sectors in member states. The “Continental Artificial Intelligence Strategy” has been authorized by the African Union (AU) Executive Council. This strategy encourages the adoption of AI in the public and private sectors of member states, including Nigeria. On August 9, […]