Tech firms pen letter to EU requesting more time to comply with AI Act

Tech companies release a joint letter requesting more time from the EU to comply with AI Act requirements, citing challenges due to the summer recess.

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Indias crypto future hinges on govt consultation paper

Indias Department of Economic Affairs consultation paper is expected to be a watershed moment for crypto regulation in the country, potentially setting the stage for future legislation.

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SFC Proposes Abolition of Mixed Media Offers

The SFC has initiated a consultation on proposals to abolish mixed media offers, aiming to streamline the investment process. (Read More)

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UK Treasury seeks input on taxing DeFi staking and lending

The proposed regulatory changes seek to simplify how DeFi returns are taxed and reduce the “administrative burden” for taxpayers.

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Hong Kong security regulator to issue crypto license guidelines in May

The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung.

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Australia’s token mapping to be ‘tech agnostic,’ says Treasury official

Trevor Power hopes the framework will fall closer on the “spectrum” to the EU’s MiCA, as opposed to the current regulatory position in the U.S.

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ECB Opens Public Consultation on the Issuance of the Digital Euro

The European Central Bank opened a public consultation to find out the opinion of the citizens of Europe regarding the digital euro issuance project.

Continue reading ECB Opens Public Consultation on the Issuance of the Digital Euro at DailyCoin.com.

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Over 80 crypto firms eyeing presence in Hong Kong: Financial Secretary

Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans of doing so.

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Coinbase met with Australian banking regulators over local crypto regulations

Coinbase’s vice president of international policy told Cointelegraph the meetings took place in Canberra and Sydney and touched on the government’s token mapping efforts.

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Australia begins consultation on OECD crypto reporting framework

Australias Treasury seeks input on implementing the crypto-asset reporting framework within its domestic tax laws. 

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Canada’s central bank asks citizens what they want in a digital dollar

Canadians are being asked to submit what features they want included in a potential digital Canadian dollar with the country’s central bank opening a consultation to the public. On May 8, the Bank of Canada (BoC) launched a public consultation that will run until June 19, noting it’s exploring a virtual loonie as “the world becomes [...]

The post Canada’s central bank asks citizens what they want in a digital dollar appeared first on Crypto Breaking News.

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IOSCO to Consult on Crypto Regulation

The International Organization of Securities Commissions (IOSCO) plans to launch a consultation for its crypto asset regulation report in Q2 2023. The final recommendations are expected to be published by the end of 2023, with separate workflows dedicated to crypto assets and decentralized finance. (Read More)

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Hong Kong’s crypto rules set a high bar for ‘good reason,’ says SFC advisor

The standards for Virtual Asset Service Providers (VASPs) in Hong Kong are set “incredibly high” as the Securities and Futures Commission (SFC) is wanting the crypto industry to match the same compliance standards as traditional financial firms. Speaking to Cointelegraph at the Hong Kong WOW Summit, Lucy Gazmararian, the founder of crypto venture firm Token [...]

The post Hong Kong’s crypto rules set a high bar for ‘good reason,’ says SFC advisor appeared first on Crypto Breaking News.

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Australia asks if ‘high-risk’ AI should be banned in surprise consultation

The Australian government suddenly announced a new eight-week consultation to ask how heavily it should police the AI sector.

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