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US gov’t removes two crypto AML rules from national defense bill

The two provisions abolished from the National Defense Authorization Act centered around Anti-Money Laundering issues linked to cryptocurrency.

Binance’s CZ must stay in US, Elon Musk seeks $1B for AI, and other news: Hodler’s Digest, Dec. 3-9

Binance’s CZ will have to wait for his sentencing in the United States, the U.S. Congress passed a bill supporting blockchain, and Elon Musk’s xAI seeks $1 billion in capital.

DOJ unveils extensive monitorship of Binance operations

Binance’s new compliance obligations include cooperation to grant U.S. authorities access to all documents, records and resources upon request.

Tether announces wallet-freezing policy for OFAC-sanctioned persons

Tether is expanding control sanctions to the secondary market in an effort to cooperate with regulators in the United States.

VanEck files 5th amendment to spot Bitcoin ETF under ‘HODL’

Analysts say the ticker code could help avoid negative attention on adviser statements.

EU officials reach ‘historic’ AI regulation deal

The agreement mandates models like ChatGPT and general AI to follow transparency rules before market entry.

Less than 2% of El Salvador's population holds crypto: Report

According to a recent report, crypto enthusiasm in El Salvador lags behind despite the country's ongoing pro-crypto initiatives.

Fidelity and SEC meet to discuss spot Bitcoin ETF application

The United States SEC and Fidelity assembled to discuss Fidelity's Wise Bitcoin Origin Trust application, reviewing diagrams and the operational functionality of the product.

Crypto lawyer wants to depose Changpeng Zhao for civil case

The Moskowitz Law Firm, which represented many crypto investors in class-action lawsuits, cited the former Binance CEO’s “unique knowledge” of issues in calling for his deposition.

US senators target crypto in bill enforcing sanctions on terrorist groups

Senator Elizabeth Warren isn’t leading the charge on this bill linking crypto transactions to terrorism; it comes from Senators Mitt Romney, Mark Warner, Mike Rounds and Jack Reed.

Microsoft faces UK antitrust probe over OpenAI deal structure

The regulator’s examination will assess whether the collaboration constitutes an “acquisition of control,” implying the substantial influence of one party over another.

Kazakhstan blocked 980 unlicensed crypto exchanges in 2023

The Financial Monitoring Agency has also launched nine investigations into “illegal exchange operations” and money laundering.

Binance founder CZ must stay in US until sentencing, judge orders

A federal judge said former Binance CEO Changpeng Zhao is a flight risk if he returns to the UAE and must remain in the U.S. while awaiting sentencing.

HK game firm to buy $100M crypto for treasury, China/UAE CBDC deal: Asia Express

Hong Kong game firm to add $100M of BTC and ETH to treasury, UAE and China strike CBDC deal, Victory Securities starts new HK Bitcoin fund.

SEC discussing ‘key technical details’ with spot crypto ETF applicants: Report

In November, the commission separately met with representatives of BlackRock and Grayscale to discuss their spot crypto exchange-traded funds.

Montenegrin official plans to extradite Do Kwon to the United States: Report

The Terraform Labs co-founder had been awaiting extradition to either the U.S. or South Korea after being arrested and charged in Montenegro.

Web3 Gamer: Games need bots? Illivium CEO admits ‘it’s tough,’ 42X upside

Games overrun with bots just show bot owners care, claims Pixels founder. Plus we review Galaxy Fight Club, chat to Illuvium’s CEO and more.

AI regulations in global focus as EU approaches regulation deal

Concerns over the potential misuse of AI have prompted the U.S., U.K., China and the G7 to speed up regulation of the technology, but Europe is already ahead.

British regulator adds Justin Sun-linked Poloniex to warning list after $100M hack

The Financial Conduct Authority warns that the crypto exchange is operating without proper authorization.

US GOP presidential candidate slams Gensler and ‘three-letter agencies’

U.S. presidential candidate Vivek Ramaswamy slammed Gary Gensler and the SEC at the Republican Party presidential debate.

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