In today’s rapidly evolving technological landscape, policymakers often struggle to keep pace with emerging technologies such as blockchain and AI. This disconnect can lead to regulatory frameworks that overlook crucial aspects of these new technologies, ultimately hindering innovation and growth. Senator Cynthia Lummis, for example, has recognized the importance of fostering innovation in the financial
Regulation
Lithuania is planning to implement stringent licensing requirements on cryptocurrency firms by 2025. The central bank board member, Simonas Krepsta, revealed that this move is aimed at establishing strong oversight for the industry due to the integration of digital assets into the financial system. As of now, there are 580 active crypto firms in Lithuania,
The Monetary Authority of Singapore (MAS) has recently made significant amendments to its Payments Service Act (PSA) with the aim of strengthening its oversight and increasing user protection within the cryptocurrency industry. These revisions are part of Singapore’s broader strategy to establish itself as a favorable location for crypto businesses, supported by a regulatory framework
There has been an ongoing debate within the cryptocurrency community regarding the classification of Ethereum (ETH) as a security. Coinbase CFO Alesia Haas recently shared her perspective on this issue, stating that she believes Ethereum is not a security. Haas pointed to the lack of regulatory clarity surrounding crypto in the US as the core
As the field of artificial intelligence continues to progress rapidly, concerns surrounding security and privacy have come to the forefront. One of the main issues highlighted by experts is the lack of transparency and openness in AI models. While some vendors claim to have open models by providing access to certain aspects such as the