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E.U. begins MiCA crypto legislation countdown
E.U. has published MiCA regulations in its official journal, kickstarting the countdown to them taking effect by the end of 2024. These regulations have been in development over the past few years. They will play a big part in harmonizing crypto regulations in the region, as all European Union member states will be using them
U.S. Senators propose AI bills to streamline the industry
U.S. Senators have introduced a bipartisan bill to increase the transparency behind AI usage and foster innovation.
UBS and Swiss government strike a loss protection agreement over Credit Suisse take over
UBS and Swiss government have agreed to protect the investors amid the takeover of the collapsed banking giant Credit Suisse. The two announced on June 9, 2023, that they reached an agreement, which will take effect once the takeover of Credit Suisse is completed.
Tech CEOs want A.I. paused so they can catch up- Palantir CEO
Karp is opposed to the idea that tech CEOs are genuinely concerned with the after-effects and risks of A.I. He believes that these leaders are calling regulators and governments to stop or pause A.I. products so they can catch up and remain competitive.
Binance.US customers denied a USD fiat ramp by their banks
More pain for Binance.US customers as banks have decided to move away from the exchange in light of the SEC court battle. They have withdrawn their services of powering the Binance USD fiat ramp, making it impossible to withdraw or deposit USD to the exchange anymore.
U.K. imposes stricter crypto advertisement rules
The U.K. continues to crack down on crypto advertisements as the FCA introduces newer and stricter regulations. The regulator seeks to abolish the refer-a-friend bonus program used for advertising crypto projects, alleging that it hinders the chance for people to decide whether or not they want to be part of a project.