FDIC Finalizes Rules Addressing Bank Signage and Crypto Ads in US

by Александр Пирогов | Dec 21, 2023 | Blog News

The Federal Deposit Insurance Company (FDIC) has announced updated rules for bank signage and advertising, addressing both the cryptocurrency industry and potential misrepresentations in traditional banking. The new regulations aim to ensure clarity and transparency...

China Completes First Cross-Border Digital Yuan Transaction

by Александр Пирогов | Dec 21, 2023 | Blog News

The Bank of China’s Shanghai Branch has successfully completed the first cross-border digital yuan transaction, settling a 100 million yuan trade. The transaction involved collaboration between the Bank of China Shanghai Branch, its RMB Trading Business...

U.S. Appeals Court Finalizes Forfeiture of Silk Road Bitcoin

by Александр Пирогов | Dec 21, 2023 | Blog News

A U.S. appeals court has issued a mandate formalizing the forfeiture of 69,370 bitcoins and other cryptocurrencies linked to the defunct Silk Road dark web market. The judgment, originally made in August, became effective following the finalization of the mandate....

New EU Sanctions Prohibit Russians from Owning Crypto Companies

by Александр Пирогов | Dec 21, 2023 | Blog News

The European Union has introduced its twelfth package of restrictive measures against Russia, barring Russian nationals from owning or controlling cryptocurrency service providers. The move is part of the EU’s efforts to combat the circumvention of existing...

UK Supreme Court Rules AI Cannot Be Recognized as Inventors in Patent Applications

by Александр Пирогов | Dec 21, 2023 | Blog News

In a landmark decision, the UK Supreme Court has upheld lower court rulings that artificial intelligence (AI) entities cannot be recognized as inventors in patent applications. The case involved Dr. Stephen Thaler’s AI, Dabus, which was denied inventor status by...

Judge Rejects SBF’s Bid for Sentencing Delay, Interview to Proceed as Scheduled

by Александр Пирогов | Dec 21, 2023 | Blog News

Former FTX CEO Sam Bankman-Fried’s request for a four to six-week postponement of his sentencing hearing has been denied by Judge Lewis Kaplan. Bankman-Fried’s defense argued that more time is needed to gather evidence for the sentencing submission and...