TP ICAP’s Fusion Digital Assets marketplace goes live, marking a significant moment in cryptocurrency history. The platform brings crypto to more institutional investors, offering familiar infrastructure and strict governance. However, added complexities and regulations may impact innovation and growth in the crypto landscape.
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Taiwan’s Upcoming Crypto Legislation: Progressive Regulation or Stifling Clampdown?
Taiwan plans to propose a special law to regulate emerging crypto businesses by November 2023, driven by concerns over offshore markets’ activities. There’s consensus on needing unique legislation for crypto, dissimilar to traditional financial instruments. Taiwan’s Financial Supervisory Commission is helping, releasing guidelines for investors’ protection, including complete segregation between exchange treasuries and customers’ assets. Critics argue that over-regulation might hinder organic growth and innovation.
AI and Crypto: Striking the Balance Between Hype and Reality
“AI has greatly impacted the crypto industry, particularly in automated trading through AI-powered bots. However, these bots still lack sophistication in complex trading. AI also helps produce insights from vast crypto data, proving useful in assessing market risks. Despite its potential, AI’s access to off-chain centralized exchanges data is limited, impairing its accuracy.”
Legal Fairness vs. Technological Demands: Insights from a Crypto CEO’s Confinement
The former FTX CEO, Sam Bankman-Fried, has found himself in legal troubles again. His defense team claims that limited internet access and subpar laptop technology at the detention center are impeding their preparation for the upcoming trial in October.