Hong Kong to Launch Stablecoin Regulatory Sandbox

by Александр Пирогов | Jan 29, 2024 | Blog News

The Hong Kong Monetary Authority (HKMA) is set to launch a stablecoin regulatory sandbox in the first quarter of this year, marking a significant step in the city’s efforts to regulate the stablecoin market. The regulatory push follows global trends, with...

Hong Kong Securities and Futures Commission (SFC) Warns Against Unauthorized Crypto Staking Programs

by Александр Пирогов | Jan 29, 2024 | Blog News

The SFC in Hong Kong has issued a public warning regarding two crypto investment products associated with the Floki ecosystem, namely the “Floki Staking Program” and the “TokenFi Staking Program.” The SFC has flagged these programs as...

U.S. CFTC Seeks Input on AI Use in Derivatives Markets

by Александр Пирогов | Jan 29, 2024 | Blog News

The U.S. Commodity Futures Trading Commission (CFTC) has issued a request for comments (RFC) to gather insights into how regulated entities use artificial intelligence (AI) in their compliance efforts and other applications within derivatives markets. The CFTC is...

U.S. Lawmakers Call for Legislation Against Deepfake Images Following Taylor Swift Incident

by Александр Пирогов | Jan 29, 2024 | Blog News

Lawmakers in the United States are urging the enactment of legislation criminalizing the production of deepfake images after explicit fake photos of Taylor Swift circulated on various social media platforms, including X and Telegram. Representative Joe Morelle...

Regulatory Challenges Mount for Binance.US as Alaska and Florida Take Action

by Александр Пирогов | Jan 29, 2024 | Blog News

Binance.US, the U.S. subsidiary of Binance, is facing increased regulatory challenges with recent actions taken by authorities in Alaska and Florida. The Florida Office of Financial Regulation has suspended Binance.US from operating, citing an “immediate...

Extradition of HashFlare Co-Founders to the U.S. Approved by Estonia

by Александр Пирогов | Jan 29, 2024 | Blog News

Ivan Turogin and Sergei Potapenko, co-founders of the now-inactive Bitcoin cloud mining platform HashFlare, are set to be extradited from Estonia to the United States. The Estonian government has met the necessary conditions to resume the extradition process. Turogin...