The European Union’s banking regulator, the European Banking Authority (EBA), wants to update existing anti-money laundering rules and focus on combatting the financing of terrorism (AML/CFT) for crypto providers. In a consultation paper published on Nov. 24, the EBA explains that current European regulations are no longer sufficient to govern AML/CFT standards compliance among crypto providers. The proposed new industry…
The saga of Terraform Labs co-founder Do Kwon continues to unfold, with a court in Montenegro approving his extradition to either South Korea or the United States. The High Court of Podgorica has determined the legal requirements for Kwon’s extradition, according to an official statement posted on the court’s website on Nov. 24. As the court approved Kwon’s extradition to…
As crypto community members celebrated Thanksgiving, many expressed gratitude for the progress of the digital asset space over the years. From comparing price points for Bitcoin (BTC) and Ether (ETH) last year to sharing their Thanksgiving conversations about BTC, crypto users exchanged their musings on X (formerly Twitter) for the holiday. Animoca Brands Chairman Yat Siu reminded his followers that…
Hong Kong’s Hospital Authority (HKKA) is planning to tackle a notable rise of two superbugs, vancomycin-resistant enterococci and Candida auris, with the help of artificial intelligence (AI). According to a South China Morning Post report from Nov. 24, citing the HKKA, the increase in the prevalence of the multidrug-resistant organisms or “superbugs” on the island occurred due to a redistribution…
A group of businesses and tech companies have issued a joint letter to European Union regulators warning against over-policing powerful artificial intelligence (AI) systems at the sacrifice of innovation. The letter was sent on Nov. 23 and undersigned by 33 companies working in the EU, stressing that too-stringent regulations for foundation models, like Chat GPT, and general AI (GPAI) could…
Cathie Wood’s investment firm ARK Invest has sold 700,000 shares of the Grayscale Bitcoin Trust (GBTC) over the past month, even as Bitcoin (BTC) hit 17-month highs over excitement for a possible spot Bitcoin exchange-traded fund (ETF). The ARK Next Generation Internet ETF (ARKW) sold 36,168 GBTC shares on Nov. 22, offloading a total of 697,768 GBTC since Oct. 23,…
What’s happening in the crypto market? Is Bitcoin rising, or is crypto dying? Find answers to all these questions and more in our weekly crypto news round-up. Is Binance Founder CZ Going to Jail? In a recent development, Binance founder Changpeng “CZ” Zhao has pleaded guilty to an 18-month sentence for violating the Bank Secrecy Act. However, according to a…
The Australian Taxation Office’s new rules on DeFi are unclear on whether capital gains taxes apply to liquid staking and transferring to layer-2 bridges. Source: https://cointelegraph.com/public/index.php/news/ato-wont-clarify-australia-crypto-tax-rules
In a bid for greater global recognition and domestic use of the Nigeria Payments System, the Director-General (DG) of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has stressed the importance of collaboration between NITDA, the Central Bank of Nigeria (CBN) and financial institutions. In an interview with Cointelegraph at the CBN’s 2023 Payments System Management Departmental Retreat program,…
Numerous users of the crypto analytics platform Nansen have received phishing emails from scammers pitching an “exclusive opportunity” to participate in the fictitious “Nansen Airdrop.” On Nov. 23, crypto community members on X (formerly Twitter) flagged an ongoing phishing campaign targeting Nansen users. The scammers are impersonating Nansen and sending fake invitations to an exclusive airdrop event. Cointelegraph confirmed the…
