ABA Pushes for Stablecoin Regulation, UK Committee Labels Crypto Trading as Gambling
The American Bankers Association (ABA) has called on legislators to regulate stablecoin issuers in a manner similar to banks, arguing that two bills currently under discussion fail to meet the mark.
GFMA Report Highlights Transformative Potential of Distributed Ledger Technology (DLT) in Capital Markets
A newly released report by the Global Financial Markets Association (GFMA) emphasizes the "transformative benefits" that distributed ledger technology (DLT) can bring to capital markets. However, the report also calls for regulators to adopt a more innovative approach to fully leverage these benefits.
European Parliament Approves Comprehensive AI Regulations to Ensure Transparency and Security
Lawmakers in the European Parliament have reached a consensus on a stringent set of regulations governing the use of artificial intelligence (AI) within the European Union. The aim is to oversee AI systems, promote transparency, and enhance security.
Binance Executive Raises Concerns Over Regulatory Challenges for Crypto Businesses in the US
Binance Executive Voices Concerns Over US Regulatory Environment for Crypto Businesses
New York AG proposes crypto law to take on 'rampant fraud'
New York Attorney General Letitia James has proposed a new state law designed to increase oversight of the cryptocurrency industry and boost consumer protections.
Regulators seize First Republic, sell it to JPMorgan Chase
Regulators have seized First Republic Bank and sold all its deposits and most of its assets to JPMorgan Chase.
CFPB fires employee who sent consumer data to personal email
The Consumer Financial Protection Bureau (CFPB) says it has suffered a data breach which saw an employee forward the personal information of more than quarter of a million Americans to a personal email account.
Generative AI governance targeted in proposed EU rules
The EU’s AI Act has been pushed through to the trilogue stage after nearly two years of drafting. The draft includes requirements for generative AI tools, like ChatGPT, to disclose the copyrighted material used in developing their programmes.
