China Enforces Stricter Rules For Training AI Generative Models
The proposed regulations emphasize that training materials for these models should not include censored data from the Chinese internet. China has issued a draft of security regulations for companies offering generative artificial intelligence (AI) services, which includes restrictions on the data sources used for AI model training. The National Information Security Standardization Committee, comprised of […]
Canadian Regulatory Body Clarifies Stablecoin Rules
The Canadian Securities Administrators (CSA) Guides Exchanges and Issuers on Value-Referenced Crypto Assets, Emphasizing Stablecoins. The Canadian Securities Administrators (CSA) has provided exchanges and cryptocurrency issuers with guidance on its interim approach to what it refers to as value-referenced crypto assets, with a focus on stablecoins. The umbrella organization of Canada’s provincial and territorial securities […]
Brazilian Lawmakers Propose Adding Crypto to Protected Assets
Brazilian Lawmakers Discuss Bill to Enhance Protection for Debtors’ Savings, Contemplating Inclusion of Cryptocurrency Legislators in Brazil are debating a bill that would provide robust protection to a substantial portion of debtors’ savings assets. At the same time, a separate initiative seeks to include cryptocurrency in the bill’s latest iteration. The Constitution, Justice, and Citizenship […]
Hong Kong’s JPEX Exchange Suspected of RugPull
In response to allegations of fraud at the KJPEX exchange, Hong Kong regulators announced that they would tighten regulatory rules. In a recent development, the blockchain analytics firm Bitrace mentioned the possibility of RugPull activity at the Hong Kong exchange JPEX. More than 190 million TRC20-USDT tokens have passed through the exchange’s platform in the […]
South Korea Targets OTC Crypto Regulations
According to a report by the Korean Customs Service, illegal foreign exchange deals involving virtual currency were valued at $4B last year. South Korean regulators have shifted their attention to over-the-counter (OTC) crypto transactions in response to rising concerns over its criminal use. The country’s financial regulators are reportedly monitoring the OTC cryptocurrency market. According […]