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South Korea to ask firms to disclose crypto holdings from 2024

After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings.

European Banking Authority calls for early adoption of stablecoin standards

EBA officials anticipate a surge in stablecoin issuance over the coming months and have urged businesses to use its guiding principles before the necessary restrictions are implemented.

Google hit with lawsuit over new AI data scraping privacy policy

A week after Google updated its privacy policy to allow data scraping for AI training purposes the company is now facing a class action lawsuit.

Celsius files lawsuit to recover $150M from staking platform StakeHound

Celsius aims to claw back 40 million MATIC, 66,000 DOT, 25,000 staked native ETH and 35,000 ETH from liquid staking platform StakeHound.

Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities

In January, lawyer John Deaton persuaded the Judge in the SEC vs LBRY case that secondary LBC token sales don’t constitute a securities offering.

‘Extended reality’ to create 860K jobs by 2025: EU Commission

The European Commission has laid out its plans for becoming a “world leader” in Web 4.0 and the Metaverse.

Cboe refiles 5 Bitcoin ETFs to include Coinbase surveillance agreements

The surveillance-sharing agreements are a measure recommended by the SEC in March, which says they can prevent fraud and protect investors.

US Senate Finance Committee asks digital asset community how to tax it in open letter

Community members may want to read up on the intricacies of tax law before they respond, but they have two months to do so.

Grayscale resolves lawsuit with Fir Tree over proposed changes to Bitcoin Trust

Fir Tree hinted at potential additional litigation against Grayscale and parent company Digital Currency Group based on what its GBTC documentation may reveal.

UK Treasury plans to exclude derivatives and 'unbacked' tokens from regulatory sandbox

“Until there is more certainty in these frameworks, we are intending to utilise existing regulatory initiatives to develop policy and regulation for this asset class,” said Treasury.

BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst says

Following the Blackrock application, a Bitcoin spot ETF was never so close to being approved and it could be a game changer for the crypto industry, explains ETF analyst Eric Balchunas.

US authorities are investigating former FTX exec for potential campaign finance violations: Report

FTX Digital Markets co-CEO Ryan Salame was the individual who first reported FTX to Bahmanian authorities, but he reportedly may face charges of his own in the United States.

US Senators to have classified AI briefing at the White House

U.S. Senators will take part in the country’s first-ever classified Senate briefing on AI which will place in conjunction with the Department of Defense and Intelligence Community.

China could benefit from yuan stablecoin over its CBDC - Circle CEO

China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency.

China to require a license to release generative AI tools

Sources close to Chinese officials say the draft rules for AI developers have been updated to include obtaining a license prior to releasing generative AI systems.

Report: The crypto custody market reached $448 billion in 2022

Researchers cite a rise of interest in crypto staking, made possible by the Ethereum Merge and the appearance of non-fungible tokens (NFTs) as the major developments for custody market.

UK FCA shuts down 26 crypto ATMs following coordinated investigation

The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017.

SEC is ‘wrongfully attempting’ to police crypto markets: Paradigm counsel

Rodrigo Seira has blasted the SEC for overstepping its jurisdiction in its case against crypto exchange Bittrex.

Dubai crypto regulator suspends BitOasis crypto exchange license

BitOasis was the crypto exchange to get an operational license in Dubai, which has now been suspended by the local regulator for not meeting key conditions in time.

China expands CBDC’s tentacles, Malaysia is HK’s new crypto rival: Asia Express

China’s president Xi Jinping expands CBDC cooperation at SCO, Hong Kong’s crypto licensing costs surge, and Multichain is hacked yet again.

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