Hong Kong Regulator Lowers Crypto Insurance Coverage Mandate

by Александр Пирогов | Jan 30, 2024 | Blog News

The Hong Kong Securities and Futures Commission (SFC) has reportedly relaxed one of its crypto regulations by lowering the mandated insurance coverage on digital assets to 50%. OSL, one of the approved crypto exchanges in Hong Kong, stated that despite the reduction...

EU Regulator Clarifies Rules for Crypto Firms Serving Non-EU Customers

by Александр Пирогов | Jan 30, 2024 | Blog News

The European Securities and Markets Authority (ESMA) clarified rules for EU-based crypto firms serving non-EU customers. According to ESMA, third-country firms can provide crypto-asset services to non-EU clients only when the client is the exclusive initiator of the...

Hong Kong to Launch Stablecoin Regulatory Sandbox

by Александр Пирогов | Jan 29, 2024 | Blog News

The Hong Kong Monetary Authority (HKMA) is set to launch a stablecoin regulatory sandbox in the first quarter of this year, marking a significant step in the city’s efforts to regulate the stablecoin market. The regulatory push follows global trends, with...

Hong Kong Securities and Futures Commission (SFC) Warns Against Unauthorized Crypto Staking Programs

by Александр Пирогов | Jan 29, 2024 | Blog News

The SFC in Hong Kong has issued a public warning regarding two crypto investment products associated with the Floki ecosystem, namely the “Floki Staking Program” and the “TokenFi Staking Program.” The SFC has flagged these programs as...

U.S. CFTC Seeks Input on AI Use in Derivatives Markets

by Александр Пирогов | Jan 29, 2024 | Blog News

The U.S. Commodity Futures Trading Commission (CFTC) has issued a request for comments (RFC) to gather insights into how regulated entities use artificial intelligence (AI) in their compliance efforts and other applications within derivatives markets. The CFTC is...

U.S. Lawmakers Call for Legislation Against Deepfake Images Following Taylor Swift Incident

by Александр Пирогов | Jan 29, 2024 | Blog News

Lawmakers in the United States are urging the enactment of legislation criminalizing the production of deepfake images after explicit fake photos of Taylor Swift circulated on various social media platforms, including X and Telegram. Representative Joe Morelle...