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UK AI Safety Summit begins with global leaders in attendance, remarks from China and Musk

The U.K. AI Safety Summit concluded its first day with a common declaration, the U.S. announcing an AI safety institute, China willing to communicate on AI safety and comments from Elon Musk.

PayPal scores UK crypto license after brief local Bitcoin buy halt

Licensed by the FCA on Oct. 31, 2023, PayPal has requirements or restrictions placed on the financial services activities that it can operate.

Crypto’s ‘pro-rioter’ glitch artist stirs controversy — Patrick Amadon, NFT Creator

NFT artist Patrick Amadon is proudly “pro-rioter,” as Hong Kong Art Week discovered, and he’s at home in crypto, where everyone’s a rebel.

Canadian MP urges community to study Bitcoin, cites Gensler’s pre-SEC stance

Lightbound disclosed that he owns Bitcoin himself but won’t advocate for people to buy it but rather study it.

US crypto custody firm BitGo wins BaFin license in Germany: Report

BitGo originally announced it was setting up two regulated custodial entities in Germany and Switzerland in February 2020.

Turkey aims to shed FATF gray list status with new crypto regulations

Finance Minister Simsek reportedly stated that the sole outstanding technical compliance matter is crypto assets.

Survey: 65% of Spaniards aren’t interested in using digital euro

The country’s population doesn’t demonstrate as high a confidence level in the European Central Bank’s digital currency project as the government does, according to the survey.

AI chatbots are illegally ripping off copyrighted news, says media group

AI developers are taking revenue, data and users away from news publications by building competing products, the News Media Alliance claims.

Oyster Protocol founder gets 4 years jail for $5.5M tax evasion

31-year-old Oyster Protocol founder Amir Bruno Elmaani — aka “Bruno Block” — has been sentenced to four years imprisonment for tax evasion.

CFTC pays whistleblowers $16M this year for mostly crypto tips

Two of the CFTC’s crypto tipsters scored $15 million alone which brought successful enforcement cases for the regulator.

GAO finds controversial SEC guidance is subject to congressional oversight

The SEC’s Staff Accounting Bulletin 121 has been the target of much criticism in the crypto community.

Slumdog billionaire: Incredible rags-to-riches tale of Polygon’s Sandeep Nailwal

Growing up in poverty in a Dehli ghetto, with an alcoholic father, Sandeep Nailwal went on to found the $6B Polygon crypto empire.

From payments to DeFi: A closer look at the evolving stablecoin ecosystem

The stablecoin ecosystem has evolved significantly over the years, with new regulations and models shaping the landscape.

Crypto startup Bastion secures money transmitter licenses in US

Launched in September by two former Andreessen Horowitz executives, Bastion has acquired its first two money transmitter licenses in New Hampshire and Arkansas.

Sam Bankman-Fried lawyers pitch for changes to judge’s jury instruction

Bankman-Fried’s attorneys have made several requests in the past few months, ranging from early bail to vegan food and prescription drugs.

Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai

The Backpack crypto wallet has bagged operational licenses across several jurisdictions worldwide over the past five months, according to the company announcement.

TikTok, Snapchat, OnlyFans and others to combat AI-generated child abuse content

Major social platforms, AI companies, governments and NGOs issued a joint statement pledging to combat AI-generated abusive content, such as explicit images of children.

Crypto asset manager Valkyrie amends spot Bitcoin ETF filing

With the latest spot BTC ETF amendments by Valkyrie and VanEck joining at least six others to make similar changes, five other spot Bitcoin ETF filings are yet to be amended.

Kenya to introduce digital IDs for citizens by year-end

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take a couple of months.

Spain to implement MiCA six months ahead of July 2026 deadline

The country said EU crypto rules will come into force in December 2025, ahead of the general deadline for implementing MiCA for all 27 member states of the EU.

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