China’s Cryptocurrency Policies: Navigating Complexity

by Александр Пирогов | Feb 6, 2024 | Blog News

Recent revelations challenge the widely held belief that China has enforced a blanket ban on cryptocurrencies, shedding light on a more intricate regulatory landscape. Despite crackdowns on financial institutions’ involvement with Bitcoin in 2013 and the ban on...

American Vast Bank Ceases Crypto Operations Amid Regulatory Pressure

by Александр Пирогов | Feb 6, 2024 | Blog News

American Vast Bank, the pioneer in offering cryptocurrency tools to clients in the United States, has made the decision to exit the crypto industry. The announcement, posted on the bank’s website, revealed the closure of the mobile application that facilitated...

Hong Kong Securities and Futures Commission Urges Investors to Verify Virtual Asset Platforms’ Licenses

by Александр Пирогов | Feb 5, 2024 | Blog News

As Hong Kong approaches the end of the regulatory transition period for virtual asset trading platforms, the Securities and Futures Commission (SFC) issues a crucial advisory to investors. The SFC emphasizes the importance of ensuring that platforms are fully licensed...

European Union Advances AI Regulation with Approval of AI Act

by Александр Пирогов | Feb 5, 2024 | Blog News

The European Union has taken a significant step in regulating artificial intelligence (AI) by approving the final text of the EU’s AI Act. All 27 member states endorsed the political agreement reached in December 2023, according to Commissioner for Internal Market...

Indian Prime Minister Modi Calls for International Cooperation on Cyber Threats and Cryptocurrencies

by Александр Пирогов | Feb 5, 2024 | Blog News

Indian Prime Minister Narendra Modi has appealed for global collaboration to address contemporary challenges, particularly cyber threats and cryptocurrencies. During the Commonwealth Legal Education Association and the Commonwealth Attorneys and Solicitors General...

El Salvador Firm on Bitcoin as Legal Tender, Despite IMF’s Repeated Calls for Reconsideration

by Александр Пирогов | Feb 5, 2024 | Blog News

El Salvador’s Vice President, Félix Ulloa, stated in an interview that bitcoin will continue to be legal tender in the country during President Nayib Bukele’s second term, despite the International Monetary Fund’s (IMF) ongoing calls to drop the...