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El Salvador’s Bitcoin purchase information can’t be made public: Trustee

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2 years ago

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As a development bank for El Salvador, BANDESAL created a $150 million trust fund to guarantee the convertibility to dollars for citizens and merchants.

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South Korea probes Upbit for 600K KYC violations

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45 minutes ago

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November 15, 2024

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Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal.

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FSB calls for stricter oversight against AI vulnerabilities

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2 hours ago

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November 15, 2024

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FSB explores AI’s potential to revolutionize finance while spotlighting risks like fraud, data governance and systemic vulnerabilities.

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Don’t be delusional: Decentralization doesn’t compensate for regulation

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2 hours ago

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November 15, 2024

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DeFi needs regulation to build trust, attract institutional investment, and ensure long-term viability despite its decentralized nature.

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