The rise of financial crime has forced US regulators to step up and supervise the crypto industry. The attempt to shield the customers from exploitative business activities impacted the enforcement of stringent regulations for digital assets.  The ongoing clampdown on crypto assets…

The use of crypto in illicit activities has become the center of discussion among the global regulators. Despite the efforts to create a crypto-friendly environment in the European Union, the regulators expressed concerns about the rise of crypto crimes. This forced the…

In an advanced report, the French regulators approved a virtual assets service provider (VASP) license for the New York-based crypto exchange Gemini. The approval of Gemini’s VASP legally allows the crypto exchange to offer various crypto products and services. Addressing CNBC, the…

On Tuesday, the leading crypto exchange in Seychelles, OKX, secured the virtual asset service provider (VASP) license from the Virtual Assets Regulatory Authority (VARA). The approval of the VASP license demonstrated OKX’s commitment to operate compliant in Dubai.  In the January 16…

As the artificial intelligence craze persists,global regulators have expressed concerns about the implications of AI for the financial sector. In an official publication, the US Financial Services Committee (FSC) formed a task force to examine the impact of AI on the financial…