Right off the bat, it is evident from the joint statement by Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek that the European Union’s current regulatory framework for artificial intelligence (AI) is causing significant obstacles for innovation. They highlight the fragmented nature of the regulations, making it challenging for companies in the region to
Regulation
The DeFi Education Fund and the Blockchain Association recently submitted an amicus brief in support of a legal challenge against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The brief raised significant privacy and security concerns related to the CAT, particularly highlighting the implications for participants in the digital asset market. It argued
India is poised to introduce comprehensive regulations for the crypto sector, signaling the government’s commitment to establishing a regulatory framework for digital currencies. This initiative comes in the wake of Finance Minister Nirmala Sitharaman’s statement in October 2023, highlighting the need for unified crypto regulation among G20 nations. Sources familiar with the matter have revealed
In a recent nationwide operation, German authorities seized $28 million in cash and shut down 13 crypto ATMs as part of an effort to combat unlicensed financial activities. The move, led by the Federal Financial Supervisory Authority (BaFin), is part of a larger initiative to enhance control over the rapidly growing crypto market in Germany.