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UK AI Safety Summit begins with global leaders in attendance, remarks from China and Musk

The U.K. AI Safety Summit concluded its first day with a common declaration, the U.S. announcing an AI safety institute, China willing to communicate on AI safety and comments from Elon Musk.

PayPal scores UK crypto license after brief local Bitcoin buy halt

Licensed by the FCA on Oct. 31, 2023, PayPal has requirements or restrictions placed on the financial services activities that it can operate.

Crypto’s ‘pro-rioter’ glitch artist stirs controversy — Patrick Amadon, NFT Creator

NFT artist Patrick Amadon is proudly “pro-rioter,” as Hong Kong Art Week discovered, and he’s at home in crypto, where everyone’s a rebel.

Canadian MP urges community to study Bitcoin, cites Gensler’s pre-SEC stance

Lightbound disclosed that he owns Bitcoin himself but won’t advocate for people to buy it but rather study it.

US crypto custody firm BitGo wins BaFin license in Germany: Report

BitGo originally announced it was setting up two regulated custodial entities in Germany and Switzerland in February 2020.

Turkey aims to shed FATF gray list status with new crypto regulations

Finance Minister Simsek reportedly stated that the sole outstanding technical compliance matter is crypto assets.

Survey: 65% of Spaniards aren’t interested in using digital euro

The country’s population doesn’t demonstrate as high a confidence level in the European Central Bank’s digital currency project as the government does, according to the survey.

AI chatbots are illegally ripping off copyrighted news, says media group

AI developers are taking revenue, data and users away from news publications by building competing products, the News Media Alliance claims.

Oyster Protocol founder gets 4 years jail for $5.5M tax evasion

31-year-old Oyster Protocol founder Amir Bruno Elmaani — aka “Bruno Block” — has been sentenced to four years imprisonment for tax evasion.

CFTC pays whistleblowers $16M this year for mostly crypto tips

Two of the CFTC’s crypto tipsters scored $15 million alone which brought successful enforcement cases for the regulator.

GAO finds controversial SEC guidance is subject to congressional oversight

The SEC’s Staff Accounting Bulletin 121 has been the target of much criticism in the crypto community.

Thailand’s KBank acquires crypto exchange business Satang

Thailand’s second-largest lender by assets, Kasikornbank, is moving into crypto by acquiring a majority stake in the local crypto exchange Satang.

3 unique ways hackers are stealing your crypto: Bitrace Report

Crypto investors claiming “my coins disappeared suddenly” have been found to recently download crypto applications from unverified sources.

Standard Chartered-owned crypto platform Zodia launches in Hong Kong

Demand for crypto in Hong Kong is mainly driven by institutional investors rather than retail customers, Zodia CEO said.

Gary Gensler’s Bitcoin ETF position is ‘inconsistent’… says Gary Gensler

During a panel at the 2019 MIT Bitcoin Expo, Gensler called out the securities regulator for its “inconsistent” approach to spot Bitcoin ETF approvals.

UK risks regulating NFTs the wrong way, says Mintable CEO

“It’s not just a piece of artwork”: Mintable CEO Zach Burks argues that the United Kingdom government still hasn’t caught up on what NFTs are becoming.

Ripple CEO criticizes former SEC Chair Jay Clayton’s comments

Clayton emphasized that regulatory agencies should introduce regulations and legal cases they believe will successfully withstand judicial scrutiny.

SBF takes the stand, ‘buy Bitcoin’ searches soar and other news: Hodler’s Digest, Oct. 22-28

Sam Bankman-Fried testifies in court, searches for ‘buy Bitcoin’ surge, and Gemini sues Genesis over collateral.

Ripple exec and XRP community back SEC commissioner’s LBRY lawsuit dissent

Stuart Alderoty thanked Hester Peirce and suggested it might be time to submit an amicus brief.

Hester Peirce speaks out against LBRY enforcement action: ‘The market could have decided’

The SEC commissioner said the regulator’s actions “forced a group of entrepreneurs to abandon what they built,” with LBRY announcing in October it planned to wind down operations.

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