US Treasury Reports on Crypto’s Role in Illicit Finance

by Александр Пирогов | Feb 9, 2024 | Blog News

The U.S. Treasury’s 2024 National Risk Assessments reveal an alarming trend of criminals turning to cryptocurrencies for illegal activities like money laundering and terrorist financing. The reports highlight challenges such as non-compliance among Virtual Asset...

ADGM Partners with Solana Foundation to Advance DLT Development

by Александр Пирогов | Feb 9, 2024 | Blog News

Abu Dhabi Global Market (ADGM) has inked a memorandum of understanding with the Solana Foundation to propel the advancement of distributed ledger technology (DLT). While specific measures were not disclosed, the collaboration aims to explore development opportunities...

EU Considers Criminalizing AI-Generated Child Sexual Abuse Material

by Александр Пирогов | Feb 8, 2024 | Blog News

The European Commission is contemplating criminalizing artificial intelligence (AI)-generated imagery and deepfakes depicting child sexual abuse (CSA) as part of updated laws responding to technological advancements. The proposal aims to introduce new criminal...

SEC’s Regulatory Push on Crypto and DeFi Draws Criticism from Commissioner Pierce

by Александр Пирогов | Feb 8, 2024 | Blog News

The United States Securities and Exchange Commission (SEC) has stepped up its regulatory efforts targeting the crypto and Decentralized Finance (DeFi) sectors with new rules imposing registration requirements on “dealers” and “government securities...

South Korean Authorities Investigate OKX for Alleged Unregistered Crypto Exchange Operations

by Александр Пирогов | Feb 8, 2024 | Blog News

South Korea’s Financial Intelligence Unit (FIU) is reportedly probing OKX following accusations of operating as an unregistered cryptocurrency exchange. The Digital Asset Exchange Association (DAXA) reportedly alerted the FIU, prompting an investigation into...

SEC Proposes Registration Requirement for Large Decentralized Exchanges

by Александр Пирогов | Feb 8, 2024 | Blog News

Under proposed regulations, decentralized exchanges (DEXs) with liquidity positions exceeding $50 million would need to register with the SEC. While DEXs have been instrumental in the DeFi revolution, offering peer-to-peer cryptocurrency trading without...