ChatGPT Creator OpenAI Considers EU Departure Over Stringent Regulations

OpenAI CEO warns of potential exit from Europe if the firm fails to meet regulatory requirements for the forthcoming AI rules. OpenAI, the brains behind the famous and controversial artificial intelligence (AI) ChatGPT, said Wednesday that it might consider leaving Europe if it faces challenges complying with the upcoming AI regulations in the region. Based … Read more

Huobi Ordered to Cease Operations in Malaysia after Failure to Comply with Local Regulations

The Malaysian SC has urged the local investors to immediately cease trading via Huobi Global, withdraw their investments, and close their accounts. A leading centralized crypto firm Huobi Global Limited and its Chief Executive Officer Leon Li have been accused of operating a digital asset exchange in Malaysia without registration. As a result, the Securities … Read more

Binance CEO Implores Better Understanding of Digital Assets for More Clarity in Formulating Crypto Regulations

At a Hong Kong media event, the Binance CEO stressed the importance of all-round active engagement in creating effective crypto regulations. Binance CEO Changpeng “CZ” Zhao recently weighed in on the formation of crypto regulations as a guiding principle over the digital asset class. According to Zhao, regulators need a deep understanding of digital currencies to formulate … Read more

French Lawmakers Approve Stricter Crypto Regulations

Meanwhile, existing crypto service firms can continue operating as usual. French lawmakers have voted in favor of stricter crypto regulations in the country. The bill, as proposed by Senator Hervé Maurey, sought to restrict crypto companies in France from operating without a full license. In January, the Bank of France Governor, Francois Villeroy de Galhau, … Read more