Zipmex to Suspend Services Temporarily in Thailand
Thailand’s Securities and Exchange Commission (SEC) has issued a temporary suspension order for digital asset trading and brokerage services on the cryptocurrency exchange Zipmex. The SEC stated in a supplemental filing on February 2 that Zipmex had fifteen days to rectify “its financial position and operational deficiencies,” as the financial regulator had previously mandated. The […]
UK Focuses More on AI Safety Concerns Rather than Opportunities
The British parliament‘s Communications and Digital Committee of the House of Lords has warned that the United Kingdom’s approach to artificial intelligence has become overly preoccupied with AI safety and its potential dangers rather than its opportunities. The committee stated in a report on artificial intelligence (AI) and large language models (LLMs), the underlying components […]
Lugano City Embraces Diverse Digital Currencies
According to a local financial official, that Bitcoin, stablecoins, and central bank digital currencies (CBDC) could coexist in the Swiss city of Lugano. Lugano’s deputy chief financial officer (CFO), Paolo Bortolin, is optimistic regarding a future in which various digital currencies and assets may be utilized in tandem. According to the official, Bitcoin, CBDCs, and […]
Authorities Seize $1.7B Bitcoin for Purchase of $30M mansion
Reportedly, authorities seized Bitcoin valued at $1.7 billion after an alleged attempt by a former restaurant employee to purchase a mansion in London valued at approximately $30 million. According to a January 30 Sky News report, Jian Wen, a Chinese national who obtained British citizenship in 2018, purportedly underwent a recruitment process to aid Zhimin […]
China to Revise Crypto AML Regulations By 2025
China is preparing to implement a significant revision to its Anti-Money Laundering (AML) regulations to encompass transactions involving cryptocurrencies by 2025. Local media report that on January 22, Prime Minister Li Qiang presided over an executive meeting of the State Council wherein the revised AML law was discussed. The first revised draft of the nation’s […]