US antitrust chief to scrutinize AI sector for monopoly risks
U.S. antitrust enforcer Jonathan Kanter said regulators must urgently examine the AI sector to prevent potential monopolies.
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Colombia clamps down on crypto tax evasion as adoption thrives
Down in Bogotá, cryptocurrency adoption is raging on. Colombia’s tax authority, the DIAN, (Dirección de Impuestos y Aduanas Nacionales de Colombia) has begun to catch up. It seeks to take “special measures” to crack the whip on cryptocurrency tax avoiders. In a statement released on January 28th, the DIAN stated that it would attempt to better regulate…

Majority of crypto exchange leadership should be comprised of citizens, say Indonesian regulators
Officials with Indonesia’s Commodity Futures Trading Regulatory Agency could implement a rule for two-thirds of directors and commissioners at crypto firms to be citizens. 111 Total views 15 Total shares Jerry Sambuaga, the deputy ministry with Indonesia’s Ministry of Trade, has proposed a rule that would require the leadership at the country’s crypto exchanges to…

Uphold and Salt Partner to Bring Liquidity to Millions Using Crypto-Backed Loans
Uphold, a digital money platform providing access to investments and payments using blockchain technology, has announced a partnership with crypto-backed lending company Salt. Together, the two plan to provide users with cash or stablecoin loans using cryptocurrencies as collateral.Uphold’s 1.7 million users can now secure loans through Salt against their holdings in Bitcoin (BTC), Ether…

US SEC Imposes $250,000 Penalty, Requires Return of up to $13M for Unregistered ICO
The United States Securities and Exchange Commission (SEC) has reached a settlement with New York-based startup Blockchain of Things Inc. (BCOT) for conducting an unregistered initial coin offering (ICO).On Dec. 18, the SEC announced in a press release that the charges were settled in the form of an order that requires BCOT to cease and…

6 Questions for Lisa Fridman of Quadrata
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!This week, our 6 Questions go to Lisa Fridman, the president and co-founder of Quadrata, a network that brings an identity and compliance layer to DeFi across…

Huobi, KuCoin, over 140 crypto exchanges ‘non-authorized’ — UK regulator
The FCA’s list of registered crypto asset providers includes 42 entities and hasn’t changed since August. 777 Total views 6 Total shares The United Kingdom’s financial markets regulator, The Financial Conduct Authority (FCA), had a busy Sunday on Oct. 8, as it added several crypto exchanges to its warning list of non-authorized firms that customers

Beijing to Test Blockchain Platform for Fighting Fraudulent Invoices
Following a successful rollout in Shenzhen last year, China’s blockchain invoicing system is being introduced to the capital.On March 2, the Beijing Municipal Office of the State Administration of Taxation announced its decision to launch a city pilot for the blockchain-based system, with immediate activation for taxpayers in selected industries.The platform is a tool for…

As Deutsche Bank Axes 18,000 Jobs, Bitcoin Offers a Powerful ‘Plan ฿’
Deutsche Bank taking an axe to 18,000 jobs and winding down its investment banking arm paints a bleak picture of traditional finance at a time of booming growth for crypto.As reported by Reuters on July 7, Deutsche Bank’s momentous decision will entail the bank exiting its equities sales and trading business — which had reportedly…