IMF Chief Differentiates Crypto as Asset Class, Not Money, Dismissing Bitcoin’s Threat to US Dollar Dominance

by Александр Пирогов | Jan 16, 2024 | Blog News

International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated in an interview that crypto should be classified as an asset class rather than money. She dismissed concerns about bitcoin displacing the U.S. dollar, emphasizing the U.S. economy’s...

South Korea Considers Specific Regulations for Cryptocurrency Mixers to Combat Money Laundering

by Александр Пирогов | Jan 16, 2024 | Blog News

South Korean financial authorities are contemplating the introduction of targeted regulatory measures for cryptocurrency mixers to address concerns over their misuse in money laundering by criminal organizations. The Financial Intelligence Unit (FIU) of South...

OKX’s Dubai Subsidiary Secures Virtual Asset Service Provider License

by Александр Пирогов | Jan 16, 2024 | Blog News

OKX’s subsidiary in Dubai has received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) for exchange services. While the license has been granted, OKX emphasized that it remains...

Legal Uncertainties Pose Challenges for Web3 Growth in Africa

by Александр Пирогов | Jan 15, 2024 | Blog News

A developer from the Web3 rollup protocol Cartesi, highlights the significant barrier of legal and regulatory uncertainty in Africa’s Web3 sector. According to the developer, the absence of clear regulations creates fear and concern among potential users and...

OpenAI vs. The New York Times Lawsuit: Legal Battle Over AI Training on Copyrighted Material Raises Industry-Wide Implications

by Александр Пирогов | Jan 15, 2024 | Blog News

The legal battle between OpenAI and The New York Times over the use of copyrighted material in training AI models, specifically ChatGPT, could have far-reaching consequences for the AI industry. The lawsuit challenges the practice of training AI systems on copyrighted...

Ukraine Arrests Suspect in Large-Scale Cryptojacking Operation with Europol Support

by Александр Пирогов | Jan 15, 2024 | Blog News

Ukrainian authorities, in collaboration with Europol, have successfully apprehended a 29-year-old individual accused of orchestrating a sophisticated cryptojacking operation. The suspect allegedly compromised over 1,500 cloud accounts, creating more than one million...