Global
Global: US FDIC Urges Banks to Rectify ‘Inaccurate’ Statements Ahead of New Fee Implementation
The U.S. Federal Deposit Insurance Corporation (FDIC) has issued a directive to banks to correct financial statements that contain “inaccuracies” related to uninsured ...
Global
Global: Legal Complications for Twitter’s Rebranding as X: Meta, Microsoft, and Others Hold Trademarks to the Letter
Elon Musk’s decision to rename Twitter as X could lead to legal complexities as several companies, including Meta and Microsoft, already own intellectual ...
Global
Global: Twitter Transforms into X as Elon Musk Pursues Vision of an “Everything App”
After months of anticipation and teasing by former CEO Elon Musk, the popular social media platform Twitter has undergone a major rebranding, becoming ...
Global
Global: OpenAI’s Sam Altman Unveils Worldcoin Crypto Project with World ID
Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, has been officially launched, introducing its innovative “World ID” feature, described as a ...
Global
Global: FTX Files $1 Billion Lawsuit Against Former CEO Sam Bankman-Fried
Sam Bankman-Fried, the former CEO of the now-defunct crypto exchange FTX, is at the center of a $1 billion lawsuit filed by the ...
Global
Global: Federal Reserve Board fines Deutsche Bank with $186m over AML failures
The Federal Reserve Board has issued a $186m (£145m) fine to Deutsche Bank AG and its New York branch over failures to comply with AML regulations. According ...
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Global: FCA Launches Permanent Digital Sandbox
Following 2 successful pilots, our Digital Sandbox will be made available permanently on 1 August 2023, opening up the platform to an even ...
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Global: UK Rejects Treating Crypto as Gambling, Pursues Global Hub for Crypto Industry
Britain’s Financial Services Minister, Andrew Griffith, firmly rejects the recommendation to regulate cryptoassets as gambling, emphasizing the country’s ambition to become a global ...
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Global: UK Treasury Rejects Proposal to Regulate Crypto as Gambling
The UK Treasury has firmly rejected proposals from an all-party parliamentary committee that sought to regulate consumer trading in unbacked cryptocurrencies like Bitcoin ...
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Global: China’s Digital Yuan Surpasses $250 Billion in Transactions Milestone
China’s central bank digital currency, the digital yuan, has achieved a significant milestone, surpassing $250 billion in transactions within just one-and-a-half years since ...