Regulation

The provincial government of Buenos Aires has made formal accusations against Worldcoin, claiming that the company has violated consumer laws through the inclusion of “abusive clauses” in its user agreement. These clauses supposedly allow Worldcoin to interrupt services without offering any form of repair or reimbursement to its users. Furthermore, the government asserts that Worldcoin’s
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Recent discussions between House leaders and Senate Majority Leader Chuck Schumer may lead to action on stablecoin legislation during this summer’s session or in the year-end lame-duck session, according to investment bank TD Cowen. House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer last week to deliberate on stablecoin legislation,
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The European Securities and Markets Authority (ESMA) issued a warning about the high level of concentration in crypto markets on April 10. According to ESMA, this concentration poses a significant risk, as the failure of a single asset or exchange could have far-reaching implications for the entire crypto ecosystem. The agency’s research revealed that market
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Uniswap Labs, the entity behind the popular Ethereum-based decentralized exchange Uniswap, recently received a Wells notice from the US Securities and Exchange Commission (SEC). This notice serves as a warning that the SEC is considering bringing a lawsuit against the company for potential violations of securities laws. In response to this development, Hayden Adams, the
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Recent remarks by US Treasury Deputy Secretary Adewale Adeyemo have shed light on a concerning trend – the increasing use of alternative payment mechanisms, such as Tether’s USDT stablecoin, to circumvent economic sanctions. Adeyemo’s written testimony to the Senate Banking, Housing, and Urban Affairs Committee highlighted the risks associated with the misuse of stablecoins for
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The persistent disconnect between policymakers and technology invariably results in proposed and approved regulations overlooking pertinent parts of new technologies. US lawmakers and regulators face the challenge of regulating emerging technologies across blockchain and AI. Policymakers, like Senator Cynthia Lummis, have acknowledged the need for innovation in the financial sector and proposed legislation like the
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Lithuania is gearing up to implement stringent licensing requirements for cryptocurrency firms by 2025 with the goal of reducing the number of companies operating within its borders. According to Central bank board member Simonas Krepsta, the move is intended to establish robust oversight in response to the increasing integration of digital assets into the financial
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